Item 2.02 Results of Operations and Financial Condition and Exhibits

On November 8, 2012 Public Storage announced its financial results for the quarter ended September 30, 2012. The full text of the press release issued in connection with the announcement is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 8.01 Other Events

On November 8, 2012, Public Storage announced that it is calling for redemption all outstanding depositary shares representing interests in its 6.250% Cumulative Preferred Shares, Series Z (NYSE:PSAPrZ), its 6.125% Cumulative Preferred Shares, Series A (NYSE:PSAPrA) and its 6.18% Cumulative Preferred Shares, Series D (NYSE:PSAPrD) on December 27, 2012 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $112,500,000 for the Series Z, $115,000,000 for the Series A and $135,000,000 for the Series D for a total of $362,500,000.