v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and equivalents $ 1,104,603 $ 447,416
Real estate facilities, at cost:    
Land 5,805,482 5,711,685
Buildings 23,306,210 22,767,053
Real estate facilities, gross 29,111,692 28,478,738
Accumulated depreciation (10,938,166) (10,426,186)
Real estate facilities, net 18,173,526 18,052,552
Construction in process 257,295 308,101
Total real estate facilities 18,430,821 18,360,653
Investment in unconsolidated real estate entity 387,946 382,490
Goodwill and other intangible assets, net 253,467 282,187
Other assets 364,616 282,188
Total assets 20,541,453 19,754,934
LIABILITIES AND EQUITY    
Notes payable 10,440,279 9,353,034
Accrued and other liabilities 624,825 588,248
Total liabilities 11,065,104 9,941,282
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, 2024) at liquidation preference 4,350,000 4,350,000
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,452,716 shares issued (175,408,393 shares at December 31, 2024) 17,545 17,541
Paid-in capital 6,131,517 6,116,113
Accumulated deficit (1,085,142) (699,083)
Accumulated other comprehensive loss (41,461) (71,965)
Total Public Storage shareholders’ equity 9,372,459 9,712,606
Noncontrolling interests 103,890 101,046
Total equity 9,476,349 9,813,652
Total liabilities and equity $ 20,541,453 $ 19,754,934