Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.

Public Storage

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Noncontrolling Interests

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Assets	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Cash and Cash Equivalents	1,104.6	447.4	542.3	370	651.7	775.3
Cash and Equivalents
Total Cash and Cash Equivalents	1,104.6	447.4	542.3	370	651.7	775.3
Total Current Assets	1,104.6	447.4	542.3	370	651.7	775.3
Net Property, Plant & Equipment	18,430.8	18,360.7	18,274.4	18,386.7	32,327.1	16,038
Real Estate Facilities, Net
Property and Equipment, Net
Construction in Process
Goodwill	253.5	282.2	320.8	387.3	212	232.5
Goodwill and Other Intangible Assets, Net
Long-Term Investments	387.9	382.5	374.2	390.2	276.8	275.8
Investments in Unconsolidated Real Estate Entities
Other Long-Term Assets	364.6	282.2	277.2	275.1	256.3	230.8
Other Assets
Total Assets	20,541.5	19,754.9	19,788.8	19,809.2	17,560.3	17,552.3
Total Assets

Liabilities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Accrued Expenses	624.8	588.2	584.6	599	507.6	514.7
Accrued and Other Liabilities
Short-Term Debt	—	—	—	—	—	—
Borrowings on Bank Credit Facility
Other Current Liabilities	—	—	—	—	—	—
Preferred Shares Called for Redemption
Total Current Liabilities	624.8	588.2	584.6	599	507.6	514.7
Long-Term Debt	10,440.3	9,353	9,400.5	9,103.3	6,894.2	6,870.8
Notes Payable
Mortgage Notes
Total Long-Term Liabilities	10,440.3	9,353	9,400.5	9,103.3	6,894.2	6,870.8
Total Liabilities	11,065.1	9,941.3	9,985.1	9,702.3	7,401.8	7,385.5
Total Liabilities

Equity	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Preferred Stock	4,350	4,350	4,350	4,350	4,350	4,350
Preferred Shares, at Liquidation Preference
Common Stock	17.5	17.5	17.5	17.6	17.5	17.5
Common Shares, $0.10 Par Value
Additional Paid-in Capital	6,131.5	6,116.1	6,006.5	5,980.8	5,940.9	5,896.4
Paid-in Capital
Accumulated Other Comprehensive Income	-41.5	-72	-74.1	-67.2	-75.1	-80.3
Accumulated Other Comprehensive Loss
Retained Earnings	-1,085.1	-699.1	-592.7	-267.9	-167.4	-110.2
Retained Earnings
Total Common Shareholders' Equity	9,372.5	9,712.6	9,707.2	10,013.2	10,065.9	10,073.4
Total Public Storage Shareholders' Equity
Minority Interests and Other	103.9	101	96.4	93.8	92.6	93.4
Redeemable Noncontrolling Interests
Noncontrolling Interests
Total Shareholders' Equity	9,476.3	9,813.7	9,803.6	10,106.9	10,158.6	10,166.8
Total Equity
Total Liabilities and Shareholders' Equity	20,541.5	19,754.9	19,788.8	19,809.2	17,560.3	17,552.3
Total Liabilities and Equity