CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands |
Total |
Total Equity |
Total Public Storage Shareholders' Equity |
Cumulative Preferred Shares |
Common Stock |
Paid-in Capital |
Accumulated Deficit |
Accumulated Deficit Including Noncontrolling Interest |
Accumulated Deficit, NCI Portion |
Accumulated Other Comprehensive Loss |
Parent Including Noncontrolling Interest |
Parent, NCI Portion |
Noncontrolling Interests |
Common Stock |
Common Stock
Total Public Storage Shareholders' Equity
|
Common Stock
Common Stock
|
Common Stock
Paid-in Capital
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning balance at Dec. 31, 2024 | $ 9,813,652 | $ 9,712,606 | $ 4,350,000 | $ 17,541 | $ 6,116,113 | $ (699,083) | $ (71,965) | $ 101,046 | |||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||
| Issuance of common shares in connection with share-based compensation | $ 7,845 | $ 7,845 | $ 4 | $ 7,841 | |||||||||||||
| Taxes withheld upon net share settlement of restricted share units | (3,040) | (3,040) | (3,040) | ||||||||||||||
| Share-based compensation cost | 22,746 | 22,746 | 22,746 | ||||||||||||||
| Acquisition of noncontrolling interests | (9,061) | (8,161) | (8,161) | (900) | |||||||||||||
| Contributions by noncontrolling interests | 2,684 | 2,684 | |||||||||||||||
| Net income | 772,202 | $ 0 | $ 772,202 | $ (5,992) | $ 772,202 | $ (5,992) | 5,992 | ||||||||||
| Reallocation of equity | 0 | (3,982) | (3,982) | 3,982 | |||||||||||||
| Distributions to: | |||||||||||||||||
| Preferred shareholders | (97,355) | (97,355) | (97,355) | ||||||||||||||
| Noncontrolling interests | (8,925) | (8,925) | |||||||||||||||
| Common shareholders, restricted share unitholders and unvested LTIP unitholders | (1,054,914) | (1,054,914) | (1,054,914) | ||||||||||||||
| Other comprehensive income (loss) | 30,515 | 30,504 | 30,504 | 11 | |||||||||||||
| Ending balance at Jun. 30, 2025 | 9,476,349 | 9,372,459 | 4,350,000 | 17,545 | 6,131,517 | (1,085,142) | (41,461) | 103,890 | |||||||||
| Beginning balance at Mar. 31, 2025 | 9,670,352 | 9,566,256 | 4,350,000 | 17,543 | 6,124,382 | (867,425) | (58,244) | 104,096 | |||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||
| Issuance of common shares in connection with share-based compensation | 4,628 | 4,628 | 2 | 4,626 | |||||||||||||
| Taxes withheld upon net share settlement of restricted share units | (372) | (372) | (372) | ||||||||||||||
| Share-based compensation cost | 11,553 | 11,553 | 11,553 | ||||||||||||||
| Acquisition of noncontrolling interests | (8,958) | (8,056) | (8,056) | (902) | |||||||||||||
| Contributions by noncontrolling interests | 1,531 | 1,531 | |||||||||||||||
| Net income | 361,411 | 0 | 361,411 | (2,992) | 361,411 | (2,992) | 2,992 | ||||||||||
| Reallocation of equity | 0 | (616) | (616) | 616 | |||||||||||||
| Distributions to: | |||||||||||||||||
| Preferred shareholders | (48,677) | (48,677) | (48,677) | ||||||||||||||
| Noncontrolling interests | (4,451) | (4,451) | |||||||||||||||
| Common shareholders, restricted share unitholders and unvested LTIP unitholders | (527,459) | (527,459) | (527,459) | ||||||||||||||
| Other comprehensive income (loss) | 16,791 | 16,783 | 16,783 | 8 | |||||||||||||
| Ending balance at Jun. 30, 2025 | 9,476,349 | 9,372,459 | 4,350,000 | 17,545 | 6,131,517 | (1,085,142) | (41,461) | 103,890 | |||||||||
| Beginning balance at Dec. 31, 2025 | 9,341,834 | 9,248,128 | 4,350,000 | 17,550 | 6,147,650 | (1,219,273) | (47,799) | 93,706 | |||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||
| Issuance of common shares in connection with share-based compensation | 23,770 | 23,770 | 12 | 23,758 | |||||||||||||
| Sale of OP Options | 30,000 | 30,000 | 30,000 | ||||||||||||||
| Taxes withheld upon net share settlement of restricted share units | (2,860) | (2,860) | (2,860) | ||||||||||||||
| Share-based compensation cost | 25,626 | 25,626 | 25,626 | ||||||||||||||
| Acquisition of noncontrolling interests | (7,482) | (7,460) | (7,460) | (22) | |||||||||||||
| Contributions by noncontrolling interests | 1,869 | 1,869 | |||||||||||||||
| Net income | 1,032,313 | 0 | 1,032,313 | (6,080) | 1,032,313 | (6,080) | 6,080 | ||||||||||
| Reallocation of equity | 0 | (2,231) | (2,231) | 2,231 | |||||||||||||
| Distributions to: | |||||||||||||||||
| Preferred shareholders | (97,356) | (97,356) | (97,356) | ||||||||||||||
| Noncontrolling interests | (8,340) | (8,340) | |||||||||||||||
| Common shareholders, restricted share unitholders and unvested LTIP unitholders | (1,055,574) | (1,055,574) | (1,055,574) | ||||||||||||||
| Other comprehensive income (loss) | 2,012 | 2,004 | 2,004 | 8 | |||||||||||||
| Ending balance at Jun. 30, 2026 | 9,285,812 | 9,190,280 | 4,350,000 | 17,562 | 6,214,483 | (1,345,970) | (45,795) | 95,532 | |||||||||
| Beginning balance at Mar. 31, 2026 | 9,319,722 | 9,224,340 | 4,350,000 | 17,554 | 6,184,983 | (1,269,414) | (58,783) | 95,382 | |||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||
| Issuance of common shares in connection with share-based compensation | $ 15,909 | $ 15,909 | $ 8 | $ 15,901 | |||||||||||||
| Taxes withheld upon net share settlement of restricted share units | (260) | (260) | (260) | ||||||||||||||
| Share-based compensation cost | 13,952 | 13,952 | 13,952 | ||||||||||||||
| Contributions by noncontrolling interests | 1,013 | 1,013 | |||||||||||||||
| Net income | 502,938 | $ 0 | $ 502,938 | $ (2,978) | $ 502,938 | $ (2,978) | 2,978 | ||||||||||
| Reallocation of equity | 0 | (93) | (93) | 93 | |||||||||||||
| Distributions to: | |||||||||||||||||
| Preferred shareholders | (48,678) | (48,678) | (48,678) | ||||||||||||||
| Noncontrolling interests | (3,965) | (3,965) | |||||||||||||||
| Common shareholders, restricted share unitholders and unvested LTIP unitholders | (527,838) | (527,838) | (527,838) | ||||||||||||||
| Other comprehensive income (loss) | 13,019 | 12,988 | 12,988 | 31 | |||||||||||||
| Ending balance at Jun. 30, 2026 | $ 9,285,812 | $ 9,190,280 | $ 4,350,000 | $ 17,562 | $ 6,214,483 | $ (1,345,970) | $ (45,795) | $ 95,532 |