UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT
                              ---------------------

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): February 26, 2009

                                 PUBLIC STORAGE
             (Exact Name of Registrant as Specified in its Charter)


           Maryland                      001-33519               95-3551121
(State or Other Jurisdiction of   (Commission File Number)    (I.R.S. Employer
        Incorporation)                                       Identification No.)

701 Western Avenue, Glendale, California                         91201-2349
(Address of Principal Executive Offices)                         (Zip Code)

                                 (818) 244-8080
              (Registrant's telephone number, including area code)

Check the  appropriate  box below if the Form 8-K is intended to  simultaneously
satisfy  the filing  obligation  of the  registrant  under any of the  following
provisions:

|_|  Written communication pursuant to Rule 425 under the Securities Act (17 CFR
     230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencements  communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))








ITEM 2.02  RESULTS OF OPERATIONS AND FINANCIAL CONDITION AND EXHIBITS

         On February 26, 2009 Public Storage announced its financial results for
the quarter ended  December 31, 2008.  The full text of the press release issued
in  connection  with the  announcement  is filed as Exhibit 99.1 to this Current
Report on form 8-K.

         The information in this Form 8-K and the Exhibit  attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities  Exchange Act
of 1934 (the  "Exchange  Act") or otherwise  subject to the  liabilities of that
section,  nor shall it be deemed  incorporated  by reference in any filing under
the Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such filing.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

The following  exhibit relating to Item 2.02 shall be deemed to be furnished and
not filed. Exhibit 99.1--Press Release dated February 26, 2009.





                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:    February 26, 2009

                                                   PUBLIC STORAGE


                                                   By: /s/ John Reyes
                                                       -----------------------
                                                       John Reyes
                                                       Chief Financial Officer