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Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and equivalents $ 958,247 $ 257,560
Real estate facilities, at cost:    
Land 4,864,520 4,375,588
Buildings 15,592,003 12,997,039
Real estate facilities, gross 20,456,523 17,372,627
Accumulated depreciation (7,598,496) (7,152,135)
Real estate facilities, net 12,858,027 10,220,492
Construction in process 228,379 188,079
Total real estate facilities 13,086,406 10,408,571
Investments in unconsolidated real estate entities 779,272 773,046
Goodwill and other intangible assets, net 258,949 204,654
Other assets 201,812 172,715
Total assets 15,284,686 11,816,546
LIABILITIES AND EQUITY    
Notes payable 5,773,190 2,544,992
Preferred shares called for redemption (Note 8) 0 300,000
Accrued and other liabilities 474,198 394,655
Total liabilities 6,247,388 3,239,647
Commitments and contingencies (Note 12)
Public Storage shareholders’ equity:    
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 160,600 shares issued (in series) and outstanding, (151,700 at December 31, 2020) at liquidation preference 4,015,000 3,792,500
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,048,260 shares issued and outstanding (174,581,742 shares at December 31, 2020) 17,505 17,458
Paid-in capital 5,808,943 5,707,101
Accumulated deficit (771,114) (914,791)
Accumulated other comprehensive loss (52,980) (43,401)
Total Public Storage shareholders’ equity 9,017,354 8,558,867
Noncontrolling interests 19,944 18,032
Total equity 9,037,298 8,576,899
Total liabilities and equity $ 15,284,686 $ 11,816,546