Public Storage
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
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Item 1A. Risk Factors
In addition to the other information in this Quarterly Report on Form 10-Q, you should carefully consider the risks described in our Annual Report on Form 10-K filed for the year ended December 31, 2023, in Part I, Item 1A, Risk Factors, and in our other filings with the SEC. These factors may materially affect our business, financial condition and operating results. There have been no material changes to the risk factors relating to the Company disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.
In addition, in considering the forward-looking statements contained in this Quarterly Report on Form 10-Q and elsewhere, you should refer to the qualifications and limitations on our forward-looking statements that are described in Forward-Looking Statements at the beginning of Part I, Item 2 of this Quarterly Report on Form 10-Q.
Common Share Repurchases
The following table is a summary of common share repurchase activities for the three months ended June 30, 2024.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| April 1 - April 30, 2024 | — | $— | — | 11,278,084 |
| May 1 - May 31, 2024 | 577,955 | $275.13 | 577,955 | 10,700,129 |
| June 1 - June 30, 2024 | 148,910 | $275.25 | 148,910 | 10,551,219 |
| Total | 726,865 | $275.15 | 726,865 | 10,551,219 |
In May 2008, our Board has authorized management to repurchase an additional 10,000,000 common shares under our share repurchase program, for a total of up to 35,000,000 of our common shares. Under the repurchase program, management may repurchase our common shares on the open market or in privately negotiated transactions. From the inception of the repurchase program through July 30, 2024, we have repurchased a total of 24,448,781 common shares, including the 726,865 shares repurchased on the open market during the three months ended June 30, 2024, shown in the table above. There is no expiration date to our common share repurchase program.
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