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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and equivalents $ 629,773 $ 775,253
Real estate facilities, at cost:    
Land 5,575,643 5,273,073
Buildings 21,421,031 18,946,053
Real estate facilities, gross 26,996,674 24,219,126
Accumulated depreciation (9,188,151) (8,554,155)
Real estate facilities, net 17,808,523 15,664,971
Construction in process 457,064 372,992
Total real estate facilities 18,265,587 16,037,963
Investments in unconsolidated real estate entities 278,131 275,752
Goodwill and other intangible assets, net 414,291 232,517
Other assets 287,967 230,822
Total assets 19,875,749 17,552,307
LIABILITIES AND EQUITY    
Notes payable 9,029,622 6,870,826
Accrued and other liabilities 644,236 514,680
Total liabilities 9,673,858 7,385,506
Commitments and contingencies (Note 15)
Public Storage shareholders’ equity:    
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 174,000 shares issued (in series) and outstanding, (174,000 shares at December 31, 2022) at liquidation preference 4,350,000 4,350,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,501,315 shares issued and outstanding (175,265,668 shares at December 31, 2022) 17,550 17,527
Paid-in capital 5,951,794 5,896,423
Accumulated deficit (130,581) (110,231)
Accumulated other comprehensive loss (81,104) (80,317)
Total Public Storage shareholders’ equity 10,107,659 10,073,402
Noncontrolling interests 94,232 93,399
Total equity 10,201,891 10,166,801
Total liabilities and equity $ 19,875,749 $ 17,552,307