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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and equivalents $ 775,253 $ 734,599
Real estate facilities, at cost:    
Land 5,273,073 5,134,060
Buildings 18,946,053 17,673,773
Real estate facilities, gross 24,219,126 22,807,833
Accumulated depreciation (8,554,155) (7,773,308)
Real estate facilities, net 15,664,971 15,034,525
Construction in process 372,992 272,471
Total real estate facilities 16,037,963 15,306,996
Investments in unconsolidated real estate entities 275,752 828,763
Goodwill and other intangible assets, net 232,517 302,894
Other assets 230,822 207,656
Total assets 17,552,307 17,380,908
LIABILITIES AND EQUITY    
Notes payable 6,870,826 7,475,279
Accrued and other liabilities 514,680 482,091
Total liabilities 7,385,506 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, 175,265,668 shares issued and outstanding (175,134,455 shares at December 31, 2021) 17,527 17,513
Paid-in capital 5,896,423 5,821,667
Accumulated deficit (110,231) (550,416)
Accumulated other comprehensive loss (80,317) (53,587)
Total Public Storage shareholders’ equity 10,073,402 9,335,177
Noncontrolling interests 93,399 20,112
Total equity 10,166,801 9,355,289
Total liabilities, redeemable noncontrolling interests and equity $ 17,552,307 $ 17,380,908