PUBLIC STORAGE
			Symbol			PSA

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Public Storage Reports Results for the Third Quarter Ended September 30, 2009

2009-11-05 18:01 ET - News Release

GLENDALE, Calif. -- (Business Wire)

Public Storage (NYSE:PSA) announced today operating results for the third quarter ended September 30, 2009.

Operating Results for the Three Months Ended September 30, 2009

Net income for the three months ended September 30, 2009 was $244.0 million compared to $147.9 million for the same period in 2008, representing an increase of $96.1 million. This increase is primarily due to a foreign currency exchange gain totaling $21.4 million in the three months ended September 30, 2009 as compared to a foreign currency exchange loss totaling $53.2 million in the same period in 2008 and a gain on disposition of $30.3 million related to an equity offering by PS Business Parks, Inc. (“PSB”) described below, offset partially by a $16.2 million reduction in net operating income with respect to our Same Store Facilities described below.

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