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Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenues $ 894,931 $ 734,545 $ 2,491,508 $ 2,166,532
Expenses:        
Self-storage cost of operations 216,999 209,179 631,699 637,229
Ancillary cost of operations 19,735 15,174 52,044 44,081
Depreciation and amortization 188,552 138,333 508,139 411,851
General and administrative 31,682 18,262 78,996 53,234
Interest expense 23,736 14,282 60,980 42,048
Operating expenses 480,704 395,230 1,331,858 1,188,443
Other increases (decreases) to net income:        
Interest and other income 3,356 7,192 9,321 18,976
Equity in earnings of unconsolidated real estate entities 32,860 21,240 81,382 62,863
Foreign currency exchange gain (loss) 40,906 (41,900) 73,584 (52,250)
Gain on sale of real estate 279 0 13,683 1,117
Net income 491,628 325,847 1,337,620 1,008,795
Allocation to noncontrolling interests (1,537) (980) (4,067) (2,849)
Net income allocable to Public Storage shareholders 490,091 324,867 1,333,553 1,005,946
Allocation of net income to:        
Preferred shareholders (46,237) (53,892) (138,500) (158,849)
Preferred shareholders - redemptions (Note 8) 0 (23,313) (16,989) (38,382)
Restricted share units (1,527) (746) (3,678) (2,546)
Net income allocable to common shareholders $ 442,327 $ 246,916 $ 1,174,386 $ 806,169
Net income per common share:        
Basic (in USD per share) $ 2.53 $ 1.41 $ 6.72 $ 4.62
Diluted (in USD per share) $ 2.52 $ 1.41 $ 6.70 $ 4.62
Basic weighted average common shares outstanding (in shares) 174,926 174,503 174,787 174,481
Diluted weighted average common shares outstanding (in shares) 175,806 174,626 175,398 174,606
Self-storage facilities        
Revenues:        
Revenues $ 840,510 $ 683,949 $ 2,333,850 $ 2,022,692
Ancillary operations        
Revenues:        
Revenues $ 54,421 $ 50,596 $ 157,658 $ 143,840