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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Thousands
Total
Total Public Storage Shareholders' Equity
Cumulative Preferred Shares
Common Shares
Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Cumulative Preferred Shares
Cumulative Preferred Shares
Total Public Storage Shareholders' Equity
Cumulative Preferred Shares
Cumulative Preferred Shares
Cumulative Preferred Shares
Paid-in Capital
Common Shares
Common Shares
Total Public Storage Shareholders' Equity
Common Shares
Common Shares
Common Shares
Paid-in Capital
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 income (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 income (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                              
Beginning balance at Dec. 31, 2022 10,166,801 10,073,402 4,350,000 17,527 5,896,423 (110,231) (80,317) 93,399                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common shares in connection with share-based compensation                         31,290 31,290 23 31,267
Taxes withheld upon net share settlement of restricted share units (10,040) (10,040)     (10,040)                      
Share-based compensation expense 34,144 34,144     34,144                      
Contributions by noncontrolling interests 2,641             2,641                
Net income 1,718,223 1,718,223       1,718,223                    
Net income allocated to noncontrolling interests (9,188) (9,188)       (9,188)   9,188                
Distributions to:                                
Preferred shareholders (146,029) (146,029)       (146,029)                    
Noncontrolling interests (10,996)             (10,996)                
Common shareholders and restricted share unitholders (1,583,356) (1,583,356)       (1,583,356)                    
Other comprehensive income (loss) (787) (787)         (787)                  
Ending balance at Sep. 30, 2023 10,201,891 10,107,659 4,350,000 17,550 5,951,794 (130,581) (81,104) 94,232                
Beginning balance at Jun. 30, 2023 10,158,571 10,065,944 4,350,000 17,549 5,940,945 (167,404) (75,146) 92,627                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Issuance of common shares in connection with share-based compensation                         $ 1,106 $ 1,106 $ 1 $ 1,105
Taxes withheld upon net share settlement of restricted share units (644) (644)     (644)                      
Share-based compensation expense 10,388 10,388     10,388                      
Contributions by noncontrolling interests 1,908             1,908                
Net income 616,643 616,643       616,643                    
Net income allocated to noncontrolling interests (3,345) (3,345)       (3,345)   3,345                
Distributions to:                                
Preferred shareholders (48,678) (48,678)       (48,678)                    
Noncontrolling interests (3,648)             (3,648)                
Common shareholders and restricted share unitholders (527,797) (527,797)       (527,797)                    
Other comprehensive income (loss) (5,958) (5,958)         (5,958)                  
Ending balance at Sep. 30, 2023 $ 10,201,891 $ 10,107,659 $ 4,350,000 $ 17,550 $ 5,951,794 $ (130,581) $ (81,104) $ 94,232