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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenues $ 4,182,163 $ 3,415,824 $ 2,915,068
Expenses:      
Depreciation and amortization 888,146 713,428 553,257
General and administrative 114,742 101,254 83,199
Interest expense 136,319 90,774 56,283
Operating expenses 2,192,114 1,826,054 1,560,201
Other increases (decreases) to net income:      
Interest and other income 40,567 12,306 22,323
Equity in earnings of unconsolidated real estate entities 106,981 232,093 80,497
Foreign currency exchange gain (loss) 98,314 111,787 (97,953)
Gain on sale of real estate 1,503 13,683 1,493
Gain on sale of equity investment in PS Business Parks, Inc. 2,128,860 0 0
Net income 4,366,274 1,959,639 1,361,227
Allocation to noncontrolling interests (17,127) (6,376) (4,014)
Net income allocable to Public Storage shareholders 4,349,147 1,953,263 1,357,213
Allocation of net income to:      
Preferred shareholders (194,390) (186,579) (207,068)
Preferred shareholders - redemptions (Note 9) 0 (28,914) (48,265)
Restricted share units (12,469) (5,326) (3,545)
Net income allocable to common shareholders $ 4,142,288 $ 1,732,444 $ 1,098,335
Net income per common share:      
Basic (in USD per share) $ 23.64 $ 9.91 $ 6.29
Diluted (in USD per share) $ 23.50 $ 9.87 $ 6.29
Basic weighted average common shares outstanding (in shares) 175,257 174,858 174,494
Diluted weighted average common shares outstanding (in shares) 176,280 175,568 174,642
Self-storage facilities      
Revenues:      
Revenues $ 3,946,028 $ 3,203,566 $ 2,721,630
Expenses:      
Self-storage cost of operations 980,209 852,030 807,543
Ancillary operations      
Revenues:      
Revenues 236,135 212,258 193,438
Expenses:      
Ancillary cost of operations $ 72,698 $ 68,568 $ 59,919