Public Storage Announces Tax Treatment of 2021 Dividends

GLENDALE, Calif.–(BUSINESS WIRE)–Public Storage (NYSE: PSA) today announced the tax treatment of the Company’s 2021 dividends. For the year ended December 31, 2021, distributions for PSA common stock and all different series of preferred stock were classified as follows:


1st Trimester

2n/a Trimester

3rd Trimester

4and Trimester

Ordinary dividends





Capital gains distributions










Ordinary dividends are not “eligible dividend income”.

For non-corporate shareholders, ordinary dividends are “eligible REIT dividends” in determining qualifying business income.

The percentage of the long-term capital gain that is an unrecaptured section 1250 gain is 2.4958%. Corporate shareholders subject to IRC §291 must treat 20% of the unrecovered gain from Section 1250 as ordinary income.

The entire capital gain is a Section 897 capital gain for foreign shareholders.

This release is based on the preliminary results of the work on the Company’s tax returns and is subject to correction or adjustment when the returns are completed. The Company is currently releasing information to assist those who are required to distribute Form 1099s on Company distributions. No significant change in classification is expected.

If you have any questions, please consult your tax advisor for further advice.

Company information

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that acquires, develops, owns and operates primarily self-storage facilities. As of September 30, 2021, we held: (i) interests in 2,678 self-storage facilities located in 39 states representing approximately 186 million net leasable square feet in the United States, (ii) a common interest of approximately 35% in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 247 self-storage facilities located in seven Western European countries with approximately 13 million net leasable square feet operated under the “Shurgard” brand and (iii) a approximately 42% common equity interest in PS Business Parks, Inc. (NYSE: PSB) which owned and operated approximately 28 million square feet of leasable commercial space as of September 30, 2021. Our headquarters are located in Glendale, California.

Additional information about public storage is available on the Internet. The Company’s website is

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