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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 1,088,131 $ 894,931 $ 3,093,621 $ 2,491,508
Expenses:        
Depreciation and amortization 220,772 188,552 661,608 508,139
General and administrative 29,501 31,682 81,401 78,996
Interest expense 34,113 23,736 100,178 60,980
Operating expenses 561,428 480,704 1,636,437 1,331,858
Other increases to net income:        
Interest and other income 12,736 3,356 26,394 9,321
Equity in earnings of unconsolidated real estate entities 8,180 32,860 100,129 81,382
Foreign currency exchange gain 100,170 40,906 237,270 73,584
Gain on sale of real estate 1,503 279 1,503 13,683
Gain on sale of equity investment in PS Business Parks, Inc. 2,128,860 0 2,128,860 0
Net income 2,778,152 491,628 3,951,340 1,337,620
Allocation to noncontrolling interests (9,158) (1,537) (14,553) (4,067)
Net income allocable to Public Storage shareholders 2,768,994 490,091 3,936,787 1,333,553
Allocation of net income to:        
Preferred shareholders (48,678) (46,237) (145,716) (138,500)
Preferred shareholders - redemptions 0 0 0 (16,989)
Restricted share units (8,155) (1,527) (11,405) (3,678)
Net income allocable to common shareholders $ 2,712,161 $ 442,327 $ 3,779,666 $ 1,174,386
Net income per common share:        
Basic (in USD per share) $ 15.47 $ 2.53 $ 21.57 $ 6.72
Diluted (in USD per share) $ 15.38 $ 2.52 $ 21.44 $ 6.70
Basic weighted average common shares outstanding (in shares) 175,283 174,926 175,227 174,787
Diluted weighted average common shares outstanding (in shares) 176,328 175,806 176,325 175,398
Self-storage facilities        
Revenues:        
Revenues $ 1,027,374 $ 840,510 $ 2,917,675 $ 2,333,850
Expenses:        
Self-storage cost of operations 255,470 216,999 738,953 631,699
Ancillary operations        
Revenues:        
Revenues 60,757 54,421 175,946 157,658
Expenses:        
Ancillary cost of operations $ 21,572 $ 19,735 $ 54,297 $ 52,044