Public Storage
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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-3
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share data)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Cash and equivalents | $318,095 | $447,416 |
| Real estate facilities, at cost: | ||
| Land | 5,952,072 | 5,711,685 |
| Buildings | 24,126,185 | 22,767,053 |
| Total land and buildings, at cost | 30,078,257 | 28,478,738 |
| Accumulated depreciation | (11,468,054) | (10,426,186) |
| Total land and buildings, net | 18,610,203 | 18,052,552 |
| Construction in process | 194,355 | 308,101 |
| Total real estate facilities, net | 18,804,558 | 18,360,653 |
| Investment in unconsolidated real estate entity | 388,586 | 382,490 |
| Goodwill and other intangible assets, net | 251,613 | 282,187 |
| Notes receivable | 142,108 | 9,976 |
| Other assets | 303,644 | 272,212 |
| Total assets | $20,208,604 | $19,754,934 |
| LIABILITIES AND EQUITY | ||
| Notes payable | $10,253,881 | $9,353,034 |
| Accrued and other liabilities | 612,889 | 588,248 |
| Total liabilities | 10,866,770 | 9,941,282 |
| Commitments and contingencies (Note 16) | ||
| 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, 2024) at liquidation preference | 4,350,000 | 4,350,000 |
| Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,500,243 shares issued (175,408,393 shares at December 31, 2024) | 17,550 | 17,541 |
| Paid-in capital | 6,147,650 | 6,116,113 |
| Accumulated deficit | (1,219,273) | (699,083) |
| Accumulated other comprehensive loss | (47,799) | (71,965) |
| Total Public Storage shareholders’ equity | 9,248,128 | 9,712,606 |
| Noncontrolling interests | 93,706 | 101,046 |
| Total equity | 9,341,834 | 9,813,652 |
| Total liabilities and equity | $20,208,604 | $19,754,934 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.