Public Storage

For the period ended Dec 31, 2024. Filed Feb 24, 2025.

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.

FY2024 · Filed Feb 24, 2025

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, 2024
Description	No. ofFacilities	NetRentableSquare Feet	2024Encum-brances	Land	Buildings &Improvements	CostsSubsequentto Acquisition	Land	Buildings	Total	AccumulatedDepreciation
Self-storage facilities by market:
Los Angeles	232	17,467	$248	$574,307	$1,111,245	$549,871	$579,775	$1,655,648	$2,235,423	$1,062,270
Dallas/Ft. Worth	218	19,443	—	378,140	2,255,401	274,810	380,571	2,527,780	2,908,351	632,547
Houston	166	13,963	—	273,784	912,051	336,695	273,106	1,249,424	1,522,530	476,974
Chicago	143	9,309	—	156,554	519,539	207,680	159,391	724,382	883,773	476,306
San Francisco	141	9,422	—	245,623	557,398	361,192	258,374	905,839	1,164,213	627,244
Washington DC	119	8,470	—	423,176	1,329,933	227,094	438,682	1,541,521	1,980,203	567,893
Atlanta	115	7,697	1,460	143,692	434,433	141,734	144,055	575,804	719,859	355,586
Orlando/Daytona	111	6,529	—	177,574	590,015	108,423	183,055	692,957	876,012	244,461
New York	106	8,034	—	314,288	736,217	392,123	320,926	1,121,702	1,442,628	636,153
Seattle/Tacoma	102	7,333	—	246,108	634,810	225,107	248,368	857,657	1,106,025	488,989
Miami	100	7,545	—	259,200	563,334	205,780	261,093	767,221	1,028,314	465,690
Denver	71	5,313	—	120,585	328,245	129,745	121,305	457,270	578,575	223,070
Minneapolis/St. Paul	68	5,505	—	128,142	332,631	154,639	131,695	483,717	615,412	210,948
Tampa	68	4,734	—	107,321	371,573	101,191	110,635	469,450	580,085	194,524
Philadelphia	67	4,470	—	66,271	297,576	99,517	65,292	398,072	463,364	219,646
Charlotte	62	4,752	—	89,937	250,135	109,993	97,800	352,265	450,065	190,588
Detroit	54	3,963	—	77,077	289,354	83,259	78,484	371,206	449,690	171,808
Phoenix	53	3,920	—	108,051	367,874	67,421	108,042	435,304	543,346	175,570
Baltimore	51	4,160	—	141,077	787,692	81,603	142,301	868,071	1,010,372	203,133
Portland	50	2,929	—	65,013	225,043	56,624	65,671	281,009	346,680	151,739
Oklahoma City	48	3,527	—	69,100	310,648	35,229	69,100	345,877	414,977	65,848
West Palm Beach	46	3,850	—	156,788	221,479	129,817	157,736	350,348	508,084	193,751
San Antonio	41	2,936	—	56,453	237,783	46,153	56,411	283,978	340,389	107,429
Raleigh	40	2,899	—	92,421	233,949	56,297	93,390	289,277	382,667	107,472
Austin	39	3,103	—	72,382	212,110	62,590	74,904	272,178	347,082	131,590
Indianapolis	37	2,450	—	46,160	171,251	32,612	47,160	202,863	250,023	74,840
Norfolk	36	2,197	—	47,939	125,410	38,406	47,378	164,377	211,755	97,324
Sacramento	36	2,120	—	32,023	92,323	45,327	32,507	137,166	169,673	102,237
Columbia	35	2,237	—	39,521	165,797	34,641	40,280	199,679	239,959	62,235
Columbus	32	2,432	—	55,843	143,208	42,154	55,950	185,255	241,205	69,078
Kansas City	31	2,119	—	20,212	114,080	62,257	20,412	176,137	196,549	82,289
Boston	29	2,038	—	85,717	223,625	43,838	86,283	266,897	353,180	148,893
Las Vegas	27	1,857	—	35,047	148,111	27,347	34,295	176,210	210,505	71,762
St. Louis	27	1,749	—	22,546	85,838	48,397	24,295	132,486	156,781	81,773
Nashville/Bowling Green	25	1,651	—	46,669	134,144	38,632	46,667	172,778	219,445	46,574
San Diego	24	2,340	—	89,782	162,043	78,791	92,292	238,324	330,616	132,474

Initial Cost · Gross Carrying Amount At December 31, 2024
Description	No. ofFacilities	NetRentableSquare Feet	2024Encum-brances	Land	Buildings &Improvements	CostsSubsequentto Acquisition	Land	Buildings	Total	AccumulatedDepreciation
Memphis	22	1,418	—	27,627	167,899	17,992	28,980	184,538	213,518	37,310
Cincinnati	22	1,338	—	21,126	79,210	32,176	21,044	111,468	132,512	45,948
Mobile	20	1,168	—	26,313	99,387	13,595	26,140	113,155	139,295	25,324
Fort Myers/Naples	17	1,346	—	36,676	121,930	26,861	36,910	148,557	185,467	37,930
Colorado Springs	17	1,169	—	13,667	64,569	29,288	13,664	93,860	107,524	42,074
Greensville/Spartanburg/Asheville	17	1,051	—	13,415	73,643	17,783	14,331	90,510	104,841	32,180
Louisville	16	982	—	24,868	50,185	13,271	24,867	63,457	88,324	26,745
Richmond	16	789	—	21,121	56,202	11,382	20,926	67,779	88,705	30,745
Charleston	15	1,056	—	19,490	69,158	27,340	20,466	95,522	115,988	40,459
Milwaukee	15	964	—	13,189	32,071	16,008	13,158	48,110	61,268	39,900
Jacksonville	15	922	—	14,454	47,415	18,660	14,503	66,026	80,529	43,028
Greensboro	15	911	—	15,590	43,181	21,084	17,679	62,176	79,855	36,395
Birmingham	15	606	—	6,316	25,567	21,603	6,204	47,282	53,486	33,526
Chattanooga	13	857	—	10,030	45,578	12,357	9,832	58,133	67,965	23,983
Salt Lake City	13	800	—	20,454	41,607	9,197	20,103	51,155	71,258	20,838
Savannah	13	766	—	36,503	52,174	9,443	35,175	62,945	98,120	27,963
Honolulu	12	896	—	69,611	127,041	24,917	70,528	151,041	221,569	92,010
New Orleans	12	863	—	14,096	72,425	15,022	14,264	87,279	101,543	38,687
Omaha	11	938	—	17,965	69,085	6,836	17,965	75,921	93,886	17,172
Hartford/New Haven	11	693	—	6,778	19,959	28,640	8,443	46,934	55,377	38,998
Cleveland/Akron	10	631	—	5,916	30,775	10,568	6,309	40,950	47,259	18,181
Augusta	10	584	—	9,833	35,451	6,567	9,833	42,018	51,851	12,832
Buffalo/Rochester	9	462	—	6,785	17,954	8,612	6,783	26,568	33,351	18,780
Boise	7	671	—	16,756	71,912	2,284	16,756	74,196	90,952	10,162
Reno	7	559	—	5,487	18,704	7,969	5,487	26,673	32,160	16,796
Tucson	7	439	—	9,403	25,491	9,538	9,884	34,548	44,432	26,539
Wichita	7	433	—	2,017	6,691	11,032	2,130	17,610	19,740	13,483
Monterey/Salinas	7	329	—	8,465	24,151	8,076	8,455	32,237	40,692	27,888
Evansville	5	326	—	2,340	14,316	2,720	2,312	17,064	19,376	6,831
Huntsville/Decatur	5	298	—	9,161	13,481	5,098	9,108	18,632	27,740	8,473
Roanoke	5	298	—	6,916	27,161	1,922	6,916	29,083	35,999	6,602
Dayton	5	284	—	1,074	8,975	6,498	1,073	15,474	16,547	9,063
Fort Wayne	4	271	—	3,487	11,003	4,736	3,487	15,739	19,226	7,531
Providence	4	248	—	2,644	26,118	4,707	2,644	30,825	33,469	9,803
Lansing	4	233	—	2,048	22,897	2,235	2,048	25,132	27,180	4,352
Palm Springs	3	242	—	8,309	18,065	3,544	8,309	21,609	29,918	15,348
Flint	3	191	—	2,734	19,228	1,044	2,733	20,273	23,006	3,492

Initial Cost · Gross Carrying Amount At December 31, 2024
Description · No. ofFacilities · NetRentableSquare Feet · 2024Encum-brances · Land · Buildings &Improvements · CostsSubsequentto Acquisition · Land · Buildings · Total · AccumulatedDepreciation
Rochester	3	155		—		2,142		10,787		4,201		2,075		15,055		17,130		5,475
Shreveport	2	150		—		817		3,030		3,522		741		6,628		7,369		5,578
Springfield/Holyoke	2	144		—		1,428		3,380		2,752		1,427		6,133		7,560		5,508
Santa Barbara	2	98		—		5,733		9,106		1,227		5,733		10,333		16,066		7,708
Topeka	2	94		—		225		1,419		2,896		225		4,315		4,540		3,423
Joplin	1	56		—		264		904		1,454		264		2,358		2,622		1,804
Syracuse	1	55		—		545		1,279		1,544		545		2,823		3,368		2,295
Modesto/Fresno/Stockton	1	33		—		44		206		1,465		193		1,522		1,715		1,271
Commercial and non-operating real estate			—		12,307		19,892		154,431		13,352		173,278		186,630		95,045
	3,073	221,280		$1,708		$5,620,692		$17,476,960		$5,381,086		$5,711,685		$22,767,053		$28,478,738		$10,426,186

Note: Buildings and improvements are depreciated on a straight-line basis over estimated useful lives ranging generally between 5 to 40 years. In addition, disclosures of the number and square footage of our facilities are unaudited.

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