Public Storage
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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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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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, 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 9) | 250,000 | — | (7,168) | — | — | 242,832 | — | 242,832 | — |
| Issuance of common shares in connection with share-based compensation (283,190 shares) (Note 11) | — | 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 11) | — | — | 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 | — |
| Net income allocated to noncontrolling interests | — | — | — | (17,127) | — | (17,127) | 16,467 | (660) | 660 |
| Distributions to: | |||||||||
| Preferred shareholders (Note 9) | — | — | — | (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 11) | — | 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 expense (Note 11) | — | — | 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 | — |
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 | |
|---|---|---|---|---|---|---|---|---|---|
| Net income allocated to noncontrolling interests | — | — | — | (11,793) | — | (11,793) | 11,793 | — | — |
| Distributions to: | |||||||||
| Preferred shareholders (Note 9) | — | — | — | (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 | $— |
| Issuance of common shares (184,390 shares) (Note 9) | — | 18 | 60,303 | — | — | 60,321 | — | 60,321 | — |
| Issuance of common shares in connection with share-based compensation (280,141 shares) (Note 11) | — | 29 | 47,382 | — | — | 47,411 | — | 47,411 | — |
| Taxes paid upon net share settlement of restricted share units (Note 11) | — | — | (12,667) | — | — | (12,667) | — | (12,667) | — |
| Share-based compensation cost (Note 11) | — | — | 49,317 | — | — | 49,317 | — | 49,317 | — |
| Repurchase of common shares (726,865 shares) (Note 9) | — | (73) | — | (199,927) | — | (200,000) | — | (200,000) | — |
| Acquisition of noncontrolling interests | — | — | (1,602) | — | — | (1,602) | 11 | (1,591) | — |
| Contributions by noncontrolling interests | — | — | — | — | — | — | 2,938 | 2,938 | — |
| Net income | — | — | — | 2,084,410 | — | 2,084,410 | — | 2,084,410 | — |
| Net income allocated to noncontrolling interests | — | — | — | (12,399) | — | (12,399) | 12,399 | — | — |
| Reallocation of equity | — | — | (7,380) | — | — | (7,380) | 7,380 | — | — |
| Distributions to: | |||||||||
| Preferred shareholders (Note 9) | — | — | — | (194,703) | — | (194,703) | — | (194,703) | — |
| Noncontrolling interests | — | — | — | — | — | — | (15,437) | (15,437) | — |
| Common shareholders, restricted share unitholders and unvested LTIP unitholders ($12.00 per share/unit) (Note 9) | — | — | — | (2,108,554) | — | (2,108,554) | — | (2,108,554) | — |
| Other comprehensive loss | — | — | — | — | (4,726) | (4,726) | (13) | (4,739) | — |
| Balances at December 31, 2024 | $4,350,000 | $17,541 | $6,116,113 | $(699,083) | $(71,965) | $9,712,606 | $101,046 | $9,813,652 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.