Public Storage

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

PSA$335.93-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

III – Real Estate and Accumulated Depreciation F-

Initial Cost · Gross Carrying Amount At December 31, 2023
Description	No. ofFacilities	NetRentableSquare Feet	2023Encum-brances	Land	Buildings &Improvements	CostsSubsequentto Acquisition	Land	Buildings	Total	AccumulatedDepreciation
Self-storage facilities by market:
Los Angeles	230	17,257	$306	$559,185	$1,068,073	$541,531	$565,340	$1,603,449	$2,168,789	$994,124
Dallas/Ft. Worth	211	18,907	—	361,873	2,184,105	256,575	364,101	2,438,452	2,802,553	521,797
Houston	165	13,894	—	272,737	902,137	303,823	272,058	1,206,639	1,478,697	422,909
Chicago	143	9,310	—	156,554	519,539	170,469	159,391	687,171	846,562	449,618
San Francisco	141	9,197	—	245,623	557,398	319,345	258,373	863,993	1,122,366	591,695
Washington DC	119	8,458	—	423,176	1,329,933	213,344	438,682	1,527,771	1,966,453	502,381
Atlanta	115	7,710	1,527	143,692	434,433	120,141	144,055	554,211	698,266	331,367
Orlando/Daytona	109	6,430	—	174,624	573,412	92,255	180,105	660,186	840,291	214,161
New York	106	7,892	—	314,288	736,217	299,222	320,626	1,029,101	1,349,727	584,340
Seattle/Tacoma	102	7,266	—	246,108	634,810	218,764	248,369	851,313	1,099,682	447,887
Miami	100	7,508	—	259,200	563,334	183,251	261,093	744,692	1,005,785	431,641
Denver	70	5,290	—	120,117	323,262	115,449	120,838	437,990	558,828	204,831
Minneapolis/St. Paul	68	5,456	—	128,142	332,631	141,412	131,696	470,489	602,185	186,863
Philadelphia	67	4,484	—	66,271	297,576	95,223	65,292	393,778	459,070	202,399
Tampa	66	4,587	—	103,717	353,560	94,617	107,030	444,864	551,894	172,976
Charlotte	62	4,752	—	89,937	250,135	95,517	97,800	337,789	435,589	173,600
Detroit	54	3,963	—	77,077	289,354	73,053	78,483	361,001	439,484	155,132
Phoenix	53	3,825	—	108,051	367,874	48,863	108,042	416,746	524,788	156,365
Baltimore	50	3,919	—	136,598	775,086	58,286	136,722	833,248	969,970	167,074
Portland	50	2,917	—	65,013	225,043	55,281	65,671	279,666	345,337	138,095
Oklahoma City	48	3,493	—	69,100	310,648	28,922	69,100	339,570	408,670	49,755
West Palm Beach	46	3,833	—	156,788	221,479	119,973	157,496	340,744	498,240	177,442
San Antonio	40	2,827	—	54,753	224,313	40,978	54,711	265,333	320,044	95,103
Austin	39	3,123	—	72,382	212,110	56,840	74,404	266,928	341,332	119,942
Raleigh	39	2,813	—	90,683	224,341	49,943	91,672	273,295	364,967	94,764
Indianapolis	37	2,450	—	46,160	171,251	31,225	47,160	201,476	248,636	65,018
Norfolk	36	2,199	—	47,939	125,410	34,521	47,378	160,492	207,870	89,683
Sacramento	36	2,120	—	32,023	92,323	44,386	32,507	136,225	168,732	96,150
Columbia	35	2,236	—	39,521	165,797	26,242	40,280	191,280	231,560	53,940
Columbus	32	2,443	—	55,843	143,208	33,589	55,950	176,690	232,640	61,850
Kansas City	31	2,121	—	20,212	114,080	54,757	20,412	168,637	189,049	75,990
Boston	29	2,038	—	85,717	223,625	42,014	86,283	265,073	351,356	136,437
St. Louis	27	1,749	—	22,546	85,838	40,671	23,395	125,660	149,055	77,098
Las Vegas	26	1,743	—	32,147	129,839	24,005	31,395	154,596	185,991	64,709
San Diego	24	2,183	—	89,782	162,043	54,101	92,292	213,634	305,926	121,509
Nashville/Bowling Green	22	1,435	—	31,362	100,045	33,215	31,360	133,262	164,622	41,120

Initial Cost · Gross Carrying Amount At December 31, 2023
Description	No. ofFacilities	NetRentableSquare Feet	2023Encum-brances	Land	Buildings &Improvements	CostsSubsequentto Acquisition	Land	Buildings	Total	AccumulatedDepreciation
Memphis	22	1,418	—	27,627	167,899	15,346	28,980	181,892	210,872	28,898
Cincinnati	21	1,241	—	19,385	67,782	29,599	19,303	97,463	116,766	41,676
Mobile	19	1,097	—	24,147	95,838	9,590	23,974	105,601	129,575	20,429
Colorado Springs	17	1,172	—	13,667	64,569	26,394	13,664	90,966	104,630	38,685
Fort Myers/Naples	16	1,209	—	33,789	113,782	12,180	34,023	125,728	159,751	31,735
Greensville/Spartanburg/Asheville	16	998	—	12,910	68,856	12,940	13,826	80,880	94,706	28,410
Louisville	16	970	—	24,868	50,185	10,346	24,867	60,532	85,399	24,018
Richmond	16	808	—	21,121	56,202	10,092	20,926	66,489	87,415	27,542
Milwaukee	15	964	—	13,189	32,071	11,262	13,158	43,364	56,522	38,449
Jacksonville	15	922	—	14,454	47,415	16,595	14,503	63,961	78,464	40,554
Greensboro	15	911	—	15,590	43,181	16,298	17,679	57,390	75,069	33,648
Birmingham	15	606	—	6,316	25,567	16,677	6,204	42,356	48,560	31,601
Charleston	14	978	—	16,947	56,793	26,117	17,923	81,934	99,857	36,810
Chattanooga	13	846	—	10,030	45,578	9,066	9,832	54,842	64,674	21,705
Salt Lake City	13	802	—	20,454	41,607	6,647	20,103	48,605	68,708	18,945
Honolulu	12	896	—	69,611	127,041	23,033	70,528	149,157	219,685	85,116
New Orleans	12	861	—	14,096	72,425	13,077	14,264	85,334	99,598	34,714
Savannah	12	700	—	33,094	42,465	5,987	31,766	49,780	81,546	25,473
Omaha	11	940	—	17,965	69,085	5,467	17,965	74,552	92,517	13,693
Hartford/New Haven	11	693	—	6,778	19,959	27,641	8,443	45,935	54,378	37,212
Cleveland/Akron	10	631	—	5,916	30,775	9,494	6,309	39,876	46,185	16,296
Augusta	10	586	—	9,833	35,451	5,190	9,833	40,641	50,474	10,833
Buffalo/Rochester	9	462	—	6,785	17,954	7,251	6,783	25,207	31,990	17,283
Boise	7	671	—	16,756	71,912	2,221	16,756	74,133	90,889	6,900
Reno	7	559	—	5,487	18,704	6,980	5,487	25,684	31,171	15,473
Tucson	7	439	—	9,403	25,491	8,990	9,884	34,000	43,884	24,851
Wichita	7	433	—	2,017	6,691	8,834	2,130	15,412	17,542	12,945
Monterey/Salinas	7	329	—	8,465	24,151	7,845	8,455	32,006	40,461	26,472
Evansville	5	326	—	2,340	14,316	1,686	2,312	16,030	18,342	6,174
Huntsville/Decatur	5	298	—	9,161	13,481	3,848	9,108	17,382	26,490	7,747
Dayton	5	284	—	1,074	8,975	5,283	1,073	14,259	15,332	8,624
Fort Wayne	4	271	—	3,487	11,003	3,695	3,487	14,698	18,185	7,042
Providence	4	248	—	2,644	26,118	4,000	2,644	30,118	32,762	8,544
Lansing	4	233	—	2,048	22,897	1,755	2,048	24,652	26,700	3,210
Roanoke	4	223	—	5,093	18,091	1,591	5,093	19,682	24,775	5,425
Palm Springs	3	242	—	8,309	18,065	3,282	8,309	21,347	29,656	14,206
Flint	3	191	—	2,734	19,228	666	2,733	19,895	22,628	2,588

Initial Cost · Gross Carrying Amount At December 31, 2023
Description · No. ofFacilities · NetRentableSquare Feet · 2023Encum-brances · Land · Buildings &Improvements · CostsSubsequentto Acquisition · Land · Buildings · Total · AccumulatedDepreciation
Rochester	3	155		—		2,142		10,787		3,799		2,075		14,653		16,728		4,719
Shreveport	2	150		—		817		3,030		3,476		741		6,582		7,323		5,329
Springfield/Holyoke	2	144		—		1,428		3,380		2,599		1,427		5,980		7,407		5,330
Santa Barbara	2	98		—		5,733		9,106		1,183		5,733		10,289		16,022		7,172
Topeka	2	94		—		225		1,419		2,167		225		3,586		3,811		3,342
Joplin	1	56		—		264		904		1,067		264		1,971		2,235		1,738
Syracuse	1	55		—		545		1,279		1,413		545		2,692		3,237		2,155
Modesto/Fresno/Stockton	1	33		—		44		206		1,399		193		1,456		1,649		1,167
Commercial and non-operating real estate			—		13,194		26,143		136,325		13,348		162,314		175,662		69,331
	3,044	218,071		$1,833		$5,542,781		$17,177,947		$4,744,510		$5,628,488		$21,836,750		$27,465,238		$9,423,974

Note: Buildings and improvements are depreciated on a straight-line basis over estimated useful lives ranging generally between 5 to 25 years. In addition, disclosures of the number and square footage of our facilities are unaudited.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.