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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Thousands
Total
Cumulative Preferred Shares
Common Shares
Total Public Storage Shareholders' Equity
Total Public Storage Shareholders' Equity
Cumulative Preferred Shares
Total Public Storage Shareholders' Equity
Common Shares
Cumulative Preferred Shares
Cumulative Preferred Shares
Cumulative Preferred Shares
Common Shares
Common Shares
Common Shares
Paid-in Capital
Paid-in Capital
Cumulative Preferred Shares
Paid-in Capital
Common Shares
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance at Dec. 31, 2020 $ 8,576,899     $ 8,558,867     $ 3,792,500   $ 17,458   $ 5,707,101     $ (914,791) $ (43,401) $ 18,032
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of preferred shares 725,311     725,311     747,500       (22,189)          
Redemption and shares called for redemption of preferred shares (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 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 (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 loss (9,579)     (9,579)                     (9,579)  
Ending balance 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 balance at Dec. 31, 2020 0                              
Ending balance at Sep. 30, 2021 0                              
Beginning balance at Jun. 30, 2021 8,763,103     8,743,584     3,871,250   17,486   5,764,672     (863,742) (46,082) 19,519
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of preferred shares   $ 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 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 (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 loss (6,898)     (6,898)                     (6,898)  
Ending balance 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 balance at Jun. 30, 2021 0                              
Ending balance at Sep. 30, 2021 0                              
Beginning balance at Dec. 31, 2021 9,355,289     9,335,177     4,100,000   17,513   5,821,667     (550,416) (53,587) 20,112
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of preferred shares   $ 242,832     $ 242,832     $ 250,000       $ (7,168)        
Issuance of common shares in connection with share-based compensation     $ 28,015     $ 28,015       21     $ 27,994      
Taxes withheld upon net share settlement of restricted share units (12,989)     (12,989)             (12,989)          
Share-based compensation expense 49,235     49,235             49,235          
Contributions by noncontrolling interests 6,698                             6,698
Reclassification from redeemable noncontrolling interests to noncontrolling interests 83,826                             83,826
Net income 3,951,340     3,951,340                   3,951,340    
Net income allocated to noncontrolling interests 14,553     14,553                   14,553   13,893
Distributions to:                                
Preferred shareholders (145,716)     (145,716)                   (145,716)    
Noncontrolling interests (30,944)                             (30,944)
Common shareholders and restricted share unitholders (3,363,286)     (3,363,286)                   (3,363,286)    
Other comprehensive loss (42,883)     (42,883)                     (42,883)  
Ending balance at Sep. 30, 2022 10,120,757     10,027,172     4,350,000   17,534   5,878,739     (122,631) (96,470) 93,585
Beginning balance at Dec. 31, 2021 68,249                              
Increase (Decrease) in Temporary Equity [Roll Forward]                                
Contributions by noncontrolling interests 15,426                              
Reclassification from redeemable noncontrolling interests to noncontrolling interests (83,826)                              
Net income allocated to noncontrolling interests 660                              
Noncontrolling interests (509)                              
Ending balance at Sep. 30, 2022 0                              
Beginning balance at Jun. 30, 2022 10,048,348     9,954,726     4,350,000   17,524   5,848,632     (182,213) (79,217) 93,622
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common shares in connection with share-based compensation 16,455     16,455           $ 10 16,445          
Taxes withheld upon net share settlement of restricted share units (779)     (779)             (779)          
Share-based compensation expense 14,441     14,441             14,441          
Contributions by noncontrolling interests 561                             561
Net income 2,778,152     2,778,152                   2,778,152    
Net income allocated to noncontrolling interests 9,158     9,158                   9,158   9,158
Distributions to:                                
Preferred shareholders (48,678)     (48,678)                   (48,678)    
Noncontrolling interests (9,756)                             (9,756)
Common shareholders and restricted share unitholders (2,660,734)     (2,660,734)                   (2,660,734)    
Other comprehensive loss (17,253)     (17,253)                     (17,253)  
Ending balance at Sep. 30, 2022 10,120,757     $ 10,027,172     $ 4,350,000   $ 17,534   $ 5,878,739     $ (122,631) $ (96,470) $ 93,585
Beginning balance at Jun. 30, 2022 0                              
Ending balance at Sep. 30, 2022 $ 0