PUBLIC STORAGE Stock

Public Storage Canadian Properties (PSCP) is a limited partnership. The Partnership owns, and derives substantially all of its income from, 28 self-storage facilities, of which 16 are located in Ontario, five are located in British Columbia, six are located in Quebec and one is located in Alberta. In addition, the Partnership owns parcels of land in Orleans, Ontario and Richmond Hill, Ontario, for development into new self-storage facilities. The general partner of the Partnership is Canadian Mini-Warehouse Properties Company (CMP). The 28 self-storage facilities owned by the Partnership are operated under the trade name Public Storage and are managed by CMP. CMP also manages an additional 24 self-storage facilities in Canada operated under the trade name Public Storage for the Hughes Family for a combined total of 52 self-storage facilities aggregating 4 million net rentable square feet.