Public Storage 2015 Annual Report Download - page 30

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We are exposed to ongoing litigation and other legal and regulatory actions, which may divert
management’s time and attention, require us to pay damages and expenses or restrict the operation
of our business.
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We are heavily dependent on computer systems, telecommunications and the Internet to process
transactions, summarize results and manage our business. Security breaches or a failure of such
networks, systems or technology could adversely impact our business, customer, and employee
relationships. 
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We are subject to laws and governmental regulations and actions that require us to incur compliance
costs affecting our operating results and financial condition.
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