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1
2/31/01 12/31/02 12/31/03 12/31/0
4
12/31/0
5
12/31/0
6
Public Storage, Inc.
$
100.00
$
101.90
$
143.81
$
191.56
$
239.72
$
353.40
S&P 500 Inde
x
$
100.00
$
77.90
$
100.25
$
111.15
$
116.61
$
135.0
3
NAREIT E
q
uity Index
$
100.00
$
103.82
$
142.37
$
187.33
$
210.12
$
283.79
S&P 500 Index
Public Storage, Inc.
NAREIT Equity Index
P
ublic Storage, Inc., S&P 500 Index and NAREIT Equity Inde
x
D
ecember 31, 2001 - December 31, 200
6
$
400
$
350
$
300
$
250
$
200
$
150
$
100
$
50
$
0
1
2/31/01 12/31/02 12/31/03 12/31/04 12/31/0
5
12/31/06
The graph set forth above compares the yearly change in the Company’s cumulative total shareholder return on its Common Stock
for the five-year period ended December 31, 2006 to the cumulative total return of the Standard & Poor’s 500 Stock Index (“S&P
500 In
d
ex”) an
d
t
h
e Nationa
l
Association o
f
Rea
l
Estate Investment Trusts Equity In
d
ex (“NAREIT Equity In
d
ex”)
f
or t
h
e same
perio
d
(tota
l
s
h
are
h
o
ld
er return equa
l
s price appreciation p
l
us
d
ivi
d
en
d
s). T
h
e stoc
k
price per
f
ormance
g
rap
h
assumes t
h
at t
h
eva
lue
o
f the investment in the Companys Common Stock and each index was $100 on December 31, 2001 and that all dividends were
reinveste
d
. T
h
e stoc
k
price per
f
ormance s
h
own in t
h
e
g
rap
h
is not necessari
l
y in
d
icative o
f
f
uture price per
f
ormance
.
CU
M
U
LA
T
I
V
E
TOT
AL RE
TU
R
N