UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 31, 2008
PUBLIC STORAGE
(Exact Name of Registrant as Specified in its Charter)
Maryland 001-33519 95-3551121
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
701 Western Avenue, Glendale, California 91201-2349
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(Address of Principal Executive Offices) (Zip Code)
(818) 244-8080
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| Written communication pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencements communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On March 31, 2008, Public Storage issued a press release to report the
acquisition by the New York Common Retirement Fund of a 51% interest in Public
Storage's Shurgard Europe operations for approximately (euro)383.2 million ($606
million), plus an adjustment for operating results of Shurgard Europe from
December 31, 2007 through March 31, 2008. The press release is included in the
text of Exhibit 99.1 to this Current Report on Form 8-K.
This Form 8-K, including the attached Exhibit 99.1, contains
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond Public Storage's control, which could cause actual
results to differ materially from those set forth in, or implied by, such
forward-looking statements. All statements other than statements of historical
fact included in this Form 8-K are forward-looking statements and speak only as
of March 31, 2008. Public Storage undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise. Risks and uncertainties that could impact these
forward-looking statements include risks related to international businesses and
the risk the parties will be unable for any reason to achieve the anticipated
benefits of the transaction. Additional information about risks and
uncertainties that could adversely affect Public Storage's forward-looking
statements are described in reports filed by Public Storage with the Securities
and Exchange Commission, including its 2007 Annual Report on Form 10-K and
subsequent reports on Form 10-Q and Form 8-K.
The information in this Form 8-K, including the attached Exhibit 99.1,
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act, except as
expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
The following exhibit shall be deemed to be furnished and not filed:
Exhibit 99.1--Press Release dated March 31, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: March 31, 2008
PUBLIC STORAGE
By: /s/ John Reyes
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John Reyes
Senior Vice President
& Chief Financial Officer