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PUBLIC STORAGE, INC.
SCHEDULE III - REAL ESTATE
AND ACCUMULATED DEPRECIATION
Adjustments
Resulting from
Initial Cost Costs the Acquisition Gross Carrying Amount
Date Encum- Buildings & Subsequent of Minority At December 31, 2003 Accumulated
Acquired Description brances Land Improvements to Acquisition Interest Land Building Total Depreciation
F-48
8/1/86 Hammond/Calumet - 97,000 751,000 541,000 366,000 97,000 1,658,000 1,755,000 951,000
8/1/86 Laurel/Ft.MeadeRd. - 475,000 1,475,000 317,000 630,000 475,000 2,422,000 2,897,000 1,345,000
9/1/86 KansasCity/S.44th. - 509,000 1,906,000 574,000 737,000 509,000 3,217,000 3,726,000 1,821,000
9/1/86 Lakewood/Wadsworth-6th - 1,070,000 3,155,000 684,000 1,027,000 1,070,000 4,866,000 5,936,000 2,898,000
10/1/86 Anniston/Whiteside - 59,000 566,000 206,000 329,000 107,000 1,053,000 1,160,000 627,000
10/1/86 Austin/ResearchBlvd. - 1,390,000 1,710,000 567,000 672,000 1,391,000 2,948,000 4,339,000 1,769,000
10/1/86 Birmingham/Centerpoint - 265,000 1,305,000 351,000 525,000 273,000 2,173,000 2,446,000 1,196,000
10/1/86 Birmingham/Eastwood - 166,000 1,184,000 327,000 612,000 232,000 2,057,000 2,289,000 1,156,000
10/1/86 Birmingham/Forestdale - 152,000 948,000 277,000 519,000 190,000 1,706,000 1,896,000 948,000
10/1/86 Birmingham/Greensprings - 347,000 1,173,000 366,000 281,000 16,000 2,151,000 2,167,000 1,197,000
10/1/86 Birmingham/Highland - 89,000 786,000 244,000 398,000 150,000 1,367,000 1,517,000 815,000
10/1/86 Birmingham/Hoover-Lorna - 372,000 1,128,000 406,000 431,000 266,000 2,071,000 2,337,000 1,145,000
10/1/86 Birmingham/Riverchase - 262,000 1,338,000 464,000 645,000 278,000 2,431,000 2,709,000 1,391,000
10/1/86 Birmingham/RoebuckPlaza - 101,000 399,000 310,000 425,000 340,000 895,000 1,235,000 511,000
10/1/86 Houston/LongPoint - 451,000 1,187,000 626,000 563,000 451,000 2,376,000 2,827,000 1,504,000
10/1/86 Houston/NorthFreeway - 719,000 1,987,000 83,000 609,000 661,000 2,737,000 3,398,000 1,684,000
10/1/86 Houston/OldKatyRoad - 1,365,000 3,431,000 1,064,000 1,274,000 1,366,000 5,768,000 7,134,000 3,539,000
10/1/86 Houston/PlainfieldRoad - 904,000 2,319,000 789,000 920,000 904,000 4,028,000 4,932,000 2,430,000
10/1/86 Houston/SouthLoopWest - 1,299,000 3,491,000 1,259,000 1,366,000 1,300,000 6,115,000 7,415,000 3,685,000
10/1/86 Houston/Gessner - 1,032,000 1,693,000 976,000 746,000 1,032,000 3,415,000 4,447,000 2,019,000
10/1/86 Houston/Glenvista - 595,000 1,043,000 673,000 494,000 595,000 2,210,000 2,805,000 1,228,000
10/1/86 Houston/Gulfton - 1,732,000 3,036,000 1,099,000 1,398,000 1,733,000 5,532,000 7,265,000 3,145,000
10/1/86 Houston/I-45 - 704,000 1,146,000 804,000 604,000 704,000 2,554,000 3,258,000 1,579,000
10/1/86 Houston/Richmond-Fairdale - 1,502,000 2,506,000 1,125,000 1,160,000 1,503,000 4,790,000 6,293,000 2,738,000
10/1/86 Houston/Rogerdale - 1,631,000 2,792,000 666,000 1,232,000 1,632,000 4,689,000 6,321,000 2,593,000
10/1/86 Houston/Westpark - 503,000 854,000 223,000 435,000 503,000 1,512,000 2,015,000 843,000
10/1/86 Huntsville/Drake - 253,000 1,172,000 301,000 538,000 248,000 2,016,000 2,264,000 1,113,000
10/1/86 Huntsville/LeemanFerryRd. - 158,000 992,000 307,000 558,000 198,000 1,817,000 2,015,000 1,048,000
10/1/86 Jonesboro - 157,000 718,000 252,000 370,000 157,000 1,340,000 1,497,000 771,000
10/1/86 Midfield/Bessemer - 170,000 355,000 358,000 112,000 95,000 900,000 995,000 493,000
10/1/86 Peralta/Fremont - 851,000 1,074,000 321,000 456,000 851,000 1,851,000 2,702,000 1,043,000
11/1/86 Arleta/OsborneStreet - 987,000 663,000 275,000 290,000 987,000 1,228,000 2,215,000 743,000
12/1/86 Denver/SheridanBoulevard - 1,033,000 2,792,000 941,000 1,007,000 1,033,000 4,740,000 5,773,000 2,736,000
12/1/86 Gresham/Burnside&202nd - 351,000 1,056,000 407,000 482,000 351,000 1,945,000 2,296,000 1,167,000
12/1/86 Hillsboro/T.V.Highway - 461,000 574,000 271,000 414,000 461,000 1,259,000 1,720,000 852,000
12/1/86 Lynnwood/196thStreet - 1,063,000 1,602,000 5,865,000 571,000 1,307,000 7,794,000 9,101,000 2,059,000
12/1/86 Marietta/CobbParkway - 536,000 2,764,000 773,000 1,016,000 536,000 4,553,000 5,089,000 2,691,000