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Statement of Equity - USD ($)
$ in Thousands
Total
Total Public Storage Shareholders' Equity
Cumulative Preferred Shares
Common Shares
Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balances at Dec. 31, 2019 $ 9,079,667 $ 9,062,911 $ 4,065,000 $ 17,442 $ 5,710,934 $ (665,575) $ (64,890) $ 16,756
Issuance of preferred shares (Note 8) 773,741 773,741 795,000   (21,259)      
Redemption and shares called for redemption of preferred shares (Note 8) (1,220,000) (1,220,000) (1,220,000)          
Issuance of common shares in connection with share-based compensation 5,505 5,505   9 5,496      
Share-based compensation expense, net of cash paid in lieu of common shares 11,831 11,831     11,831      
Acquisition of noncontrolling interests (33) (32)     (32)     (1)
Contributions by noncontrolling interests 2,291             2,291
Net income 1,008,795 1,008,795       1,008,795    
Net income allocated to noncontrolling interests (2,849) (2,849)       (2,849)   (2,849)
Distributions to:                
Preferred shareholders (Note 8) (158,849) (158,849)       (158,849)    
Noncontrolling interests (3,968)             (3,968)
Common shareholders and restricted share unitholders (1,049,472) (1,049,472)       (1,049,472)    
Other comprehensive income (loss) 2,546 2,546         2,546  
Ending balances at Sep. 30, 2020 8,452,054 8,434,127 3,640,000 17,451 5,706,970 (867,950) (62,344) 17,927
Beginning balances at Jun. 30, 2020 9,010,198 8,992,691 4,135,000 17,450 5,702,466 (789,089) (73,136) 17,507
Issuance of preferred shares (Note 8) 224,571 224,571 230,000   (5,429)      
Redemption and shares called for redemption of preferred shares (Note 8) (725,000) (725,000) (725,000)          
Issuance of common shares in connection with share-based compensation 1,819 1,819   1 1,818      
Share-based compensation expense, net of cash paid in lieu of common shares 8,115 8,115     8,115      
Contributions by noncontrolling interests 858             858
Net income 325,847 325,847       325,847    
Net income allocated to noncontrolling interests (980) (980)       (980)   (980)
Distributions to:                
Preferred shareholders (Note 8) (53,892) (53,892)       (53,892)    
Noncontrolling interests (1,418)             (1,418)
Common shareholders and restricted share unitholders (349,836) (349,836)       (349,836)    
Other comprehensive income (loss) 10,792 10,792         10,792  
Ending balances at Sep. 30, 2020 8,452,054 8,434,127 3,640,000 17,451 5,706,970 (867,950) (62,344) 17,927
Beginning balances at Dec. 31, 2020 8,576,899 8,558,867 3,792,500 17,458 5,707,101 (914,791) (43,401) 18,032
Issuance of preferred shares (Note 8) 725,311 725,311 747,500   (22,189)      
Redemption and shares called for redemption of preferred shares (Note 8) (525,000) (525,000) (525,000)          
Issuance of common shares in connection with share-based compensation 81,412 81,412   47 81,365      
Share-based compensation expense, net of cash paid in lieu of common shares 42,698 42,698     42,698      
Acquisition of noncontrolling interests (33) (32)     (32)     (1)
Contributions by noncontrolling interests 2,359             2,359
Net income 1,337,620 1,337,620       1,337,620    
Net income allocated to noncontrolling interests (4,067) (4,067)       (4,067)   (4,067)
Distributions to:                
Preferred shareholders (Note 8) (138,500) (138,500)       (138,500)    
Noncontrolling interests (4,513)             (4,513)
Common shareholders and restricted share unitholders (1,051,376) (1,051,376)       (1,051,376)    
Other comprehensive income (loss) (9,579) (9,579)         (9,579)  
Ending balances at Sep. 30, 2021 9,037,298 9,017,354 4,015,000 17,505 5,808,943 (771,114) (52,980) 19,944
Beginning balances at Jun. 30, 2021 8,763,103 8,743,584 3,871,250 17,486 5,764,672 (863,742) (46,082) 19,519
Issuance of preferred shares (Note 8) 138,973 138,973 143,750   (4,777)      
Issuance of common shares in connection with share-based compensation 33,814 33,814   19 33,795      
Share-based compensation expense, net of cash paid in lieu of common shares 15,253 15,253     15,253      
Contributions by noncontrolling interests 594             594
Net income 491,628 491,628       491,628    
Net income allocated to noncontrolling interests (1,537) (1,537)       (1,537)   (1,537)
Distributions to:                
Preferred shareholders (Note 8) (46,237) (46,237)       (46,237)    
Noncontrolling interests (1,706)             (1,706)
Common shareholders and restricted share unitholders (351,226) (351,226)       (351,226)    
Other comprehensive income (loss) (6,898) (6,898)         (6,898)  
Ending balances at Sep. 30, 2021 $ 9,037,298 $ 9,017,354 $ 4,015,000 $ 17,505 $ 5,808,943 $ (771,114) $ (52,980) $ 19,944