Public Storage
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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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.
See the whole filing, with its images and exhibitsContents
Statements of Equity and Redeemable Noncontrolling Interests F-
CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS
(Amounts in thousands, except share and per share amounts)
| Cumulative Preferred Shares · Common Shares · Paid-in Capital · Accumulated Deficit · AccumulatedOther Comprehensive Loss · TotalPublic Storage Shareholders' Equity · Noncontrolling Interests · Total Equity · Redeemable Noncontrolling Interests | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balances at December 31, 2020 | $3,792,500 | $17,458 | $5,707,101 | $(914,791) | $(43,401) | $8,558,867 | $18,032 | $8,576,899 | $— | |
| Issuance of 47,300 preferred shares (Note 10) | 1,182,500 | — | (35,045) | — | — | 1,147,455 | — | 1,147,455 | — | |
| Redemption of 35,000 preferred shares (Note 10) | (875,000) | — | — | — | — | (875,000) | — | (875,000) | — | |
| Issuance of common shares in connection with share-based compensation (552,713 shares) (Note 12) | — | 55 | 95,805 | — | — | 95,860 | — | 95,860 | — | |
| Share-based compensation expense, net of cash paid in lieu of common shares (Note 12) | — | — | 54,492 | — | — | 54,492 | — | 54,492 | — | |
| Acquisition of noncontrolling interests | — | — | (686) | — | — | (686) | (6) | (692) | — | |
| Contributions by noncontrolling interests | — | — | — | — | — | — | 2,451 | 2,451 | 68,170 | |
| Net income | — | — | — | 1,959,639 | — | 1,959,639 | — | 1,959,639 | — | |
| Net income allocated to noncontrolling interests | — | — | — | (6,376) | — | (6,376) | 5,906 | (470) | 470 | |
| Distributions to: | — | |||||||||
| Preferred shareholders (Note 10) | — | — | — | (186,579) | — | (186,579) | — | (186,579) | — | |
| Noncontrolling interests | — | — | — | — | — | — | (6,271) | (6,271) | (391) | |
| Common shareholders and restricted share unitholders ($8.00 per share) | — | — | — | (1,402,309) | — | (1,402,309) | — | (1,402,309) | — | |
| Other comprehensive loss | — | — | — | — | (10,186) | (10,186) | — | (10,186) | — | |
| Balances at December 31, 2021 | $4,100,000 | $17,513 | $5,821,667 | $(550,416) | $(53,587) | $9,335,177 | $20,112 | $9,355,289 | $68,249 | |
| Issuance of 10,000 preferred shares (Note 10) | 250,000 | — | (7,168) | — | — | 242,832 | — | 242,832 | — | |
| Issuance of common shares in connection with share-based compensation (283,190 shares) (Note 12) | — | 29 | 35,376 | — | — | 35,405 | — | 35,405 | — | |
| Retirement of common shares (151,977 shares) | — | (15) | 15 | — | — | — | — | — | — | |
| Taxes paid upon net share settlement of restricted share units | — | — | (16,827) | — | — | (16,827) | — | (16,827) | — | |
| Share-based compensation expense (Note 12) | — | — | 63,360 | — | — | 63,360 | — | 63,360 | — | |
| Contributions by noncontrolling interests | — | — | — | — | — | — | 6,708 | 6,708 | 15,426 | |
| Reclassification from redeemable noncontrolling interests to noncontrolling interests | — | — | — | — | — | — | 83,826 | 83,826 | (83,826) | |
| Net income | — | — | — | 4,366,274 | — | 4,366,274 | — | 4,366,274 | — | |
| Cumulative Preferred Shares | Common Shares | Paid-in Capital | Accumulated Deficit | AccumulatedOther Comprehensive Loss | TotalPublic Storage Shareholders' Equity | Noncontrolling Interests | Total Equity | Redeemable Noncontrolling Interests | |
|---|---|---|---|---|---|---|---|---|---|
| Net income allocated to noncontrolling interests | — | — | — | (17,127) | — | (17,127) | 16,467 | (660) | 660 |
| Distributions to: | |||||||||
| Preferred shareholders (Note 10) | — | — | — | (194,390) | — | (194,390) | — | (194,390) | — |
| Noncontrolling interests | — | — | — | — | — | — | (33,714) | (33,714) | (509) |
| Common shareholders and restricted share unitholders ($21.15 per share) | — | — | — | (3,714,572) | — | (3,714,572) | — | (3,714,572) | — |
| Other comprehensive loss | — | — | — | — | (26,730) | (26,730) | — | (26,730) | — |
| Balances at December 31, 2022 | $4,350,000 | $17,527 | $5,896,423 | $(110,231) | $(80,317) | $10,073,402 | $93,399 | $10,166,801 | $— |
| Issuance of common shares in connection with share-based compensation (405,059 shares) (Note 12) | — | 40 | 53,346 | — | — | 53,386 | — | 53,386 | — |
| Taxes paid upon net share settlement of restricted share units | — | — | (13,950) | — | — | (13,950) | — | (13,950) | — |
| Share-based compensation cost (Note 12) | — | — | 44,941 | — | — | 44,941 | — | 44,941 | — |
| Contributions by noncontrolling interests | — | — | — | — | — | — | 3,203 | 3,203 | — |
| Net income | — | — | — | 2,160,120 | — | 2,160,120 | — | 2,160,120 | — |
| Net income allocated to noncontrolling interests | — | — | — | (11,793) | — | (11,793) | 11,793 | — | — |
| Distributions to: | |||||||||
| Preferred shareholders (Note 10) | — | — | — | (194,703) | — | (194,703) | — | (194,703) | — |
| Noncontrolling interests | — | — | — | — | — | — | (14,627) | (14,627) | — |
| Common shareholders and restricted share unitholders ($12.00 per share) | — | — | — | (2,111,303) | — | (2,111,303) | — | (2,111,303) | — |
| Other comprehensive income | — | — | — | — | 13,078 | 13,078 | — | 13,078 | — |
| Balances at December 31, 2023 | $4,350,000 | $17,567 | $5,980,760 | $(267,910) | $(67,239) | $10,013,178 | $93,768 | $10,106,946 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.