Public Storage
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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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.
FY2024 · Filed Feb 24, 2025
PSA$338.15+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of and F-
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share data)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and equivalents | $447,416 | $370,002 |
| Real estate facilities, at cost: | ||
| Land | 5,711,685 | 5,628,488 |
| Buildings | 22,767,053 | 21,836,750 |
| 28,478,738 | 27,465,238 | |
| Accumulated depreciation | (10,426,186) | (9,423,974) |
| 18,052,552 | 18,041,264 | |
| Construction in process | 308,101 | 345,453 |
| 18,360,653 | 18,386,717 | |
| Investment in unconsolidated real estate entity | 382,490 | 390,180 |
| Goodwill and other intangible assets, net | 282,187 | 387,267 |
| Other assets | 282,188 | 275,050 |
| Total assets | $19,754,934 | $19,809,216 |
| LIABILITIES AND EQUITY | ||
| Notes payable | $9,353,034 | $9,103,277 |
| Accrued and other liabilities | 588,248 | 598,993 |
| Total liabilities | 9,941,282 | 9,702,270 |
| Commitments and contingencies (Note 14) | ||
| Equity: | ||
| 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, 2023) at liquidation preference | 4,350,000 | 4,350,000 |
| Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,408,393 shares issued (175,670,727 shares at December 31, 2023) | 17,541 | 17,567 |
| Paid-in capital | 6,116,113 | 5,980,760 |
| Accumulated deficit | (699,083) | (267,910) |
| Accumulated other comprehensive loss | (71,965) | (67,239) |
| Total Public Storage shareholders’ equity | 9,712,606 | 10,013,178 |
| Noncontrolling interests | 101,046 | 93,768 |
| Total equity | 9,813,652 | 10,106,946 |
| Total liabilities and equity | $19,754,934 | $19,809,216 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.