Public Storage 2014 Annual Report Download - page 97
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PUBLIC STORAGE
NOTES TO FINANCIAL STATEMENTS
December 31, 2014
F-21
respectively, to these interests; and we paid $6.5 million, $6.5 million and $5.9 million, respectively, in
distributions to these interests.
During 2014 and 2013, we acquired Noncontrolling Interests for $0.7 million and $6.2 million,
respectively, in cash, substantially all of which was allocated to paid-in-capital.
During 2012, we acquired Noncontrolling Interests for $21.3 million in cash, including $19.9 million
for interests that were redeemable at the option of the holder, of which $0.1 million was recorded as a reduction
to permanent noncontrolling interests, $11.9 million was recorded as a reduction to redeemable noncontrolling
interests, and $9.3 million was recorded as a reduction to paid-in capital.
8. Shareholders’ Equity
Preferred Shares
At December 31, 2014 and 2013, we had the following series of Cumulative Preferred Shares
(“Preferred Shares”) outstanding: