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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and equivalents $ 883,787 $ 734,599
Real estate facilities, at cost:    
Land 5,240,841 5,134,060
Buildings 18,535,053 17,673,773
Real estate facilities, gross 23,775,894 22,807,833
Accumulated depreciation (8,346,598) (7,773,308)
Real estate facilities, net 15,429,296 15,034,525
Construction in process 406,354 272,471
Total real estate facilities 15,835,650 15,306,996
Investments in unconsolidated real estate entities 252,648 828,763
Goodwill and other intangible assets, net 239,811 302,894
Other assets 239,024 207,656
Total assets 17,450,920 17,380,908
LIABILITIES AND EQUITY    
Notes payable 6,740,451 7,475,279
Accrued and other liabilities 589,712 482,091
Total liabilities 7,330,163 7,957,370
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests 0 68,249
Public Storage shareholders’ equity:    
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 174,000 shares issued (in series) and outstanding, (164,000 at December 31, 2021) at liquidation preference 4,350,000 4,100,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,336,452 shares issued and outstanding (175,134,455 shares at December 31, 2021) 17,534 17,513
Paid-in capital 5,878,739 5,821,667
Accumulated deficit (122,631) (550,416)
Accumulated other comprehensive loss (96,470) (53,587)
Total Public Storage shareholders’ equity 10,027,172 9,335,177
Noncontrolling interests 93,585 20,112
Total equity 10,120,757 9,355,289
Total liabilities, redeemable noncontrolling interests and equity $ 17,450,920 $ 17,380,908