2023 Q1 Form 10-K Financial Statement

#000139331123000012 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.094B $1.089B $4.182B
YoY Change 12.41% 17.77% 22.43%
Cost Of Revenue $288.3M $259.7M $1.053B
YoY Change 10.45% 9.63% 14.37%
Gross Profit $805.9M $828.9M $3.129B
YoY Change 13.12% 20.57% 25.41%
Gross Profit Margin 73.65% 76.15% 74.82%
Selling, General & Admin $24.96M $31.65M $110.7M
YoY Change 9.35% 33.63% 16.48%
% of Gross Profit 3.1% 3.82% 3.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $221.7M $226.5M $888.1M
YoY Change -0.22% 10.35% 24.49%
% of Gross Profit 27.5% 27.33% 28.38%
Operating Expenses $246.6M $258.2M $998.9M
YoY Change 0.68% 12.76% 23.55%
Operating Profit $559.3M $570.7M $2.130B
YoY Change 19.65% 24.47% 26.3%
Interest Expense $36.10M -$155.1M $136.3M
YoY Change 8.99% -195.68% 50.17%
% of Operating Profit 6.45% -27.18% 6.4%
Other Income/Expense, Net $1.025M $5.212M
YoY Change
Pretax Income $520.4M $414.9M $4.366B
YoY Change 0.8% -33.29% 122.81%
Income Tax $3.105M $14.30M
% Of Pretax Income 0.6% 0.33%
Net Earnings $517.7M $362.6M $4.349B
YoY Change 0.73% -41.49% 122.66%
Net Earnings / Revenue 47.31% 33.31% 103.99%
Basic Earnings Per Share $2.67 $23.64
Diluted Earnings Per Share $2.65 $2.06 $23.50
COMMON SHARES
Basic Shares Outstanding 175.8M shares 175.6M shares 175.3M shares
Diluted Shares Outstanding 176.2M shares 176.3M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $695.4M $775.3M $775.3M
YoY Change -26.06% 5.53% 5.53%
Cash & Equivalents $695.4M $775.3M $775.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $695.4M $775.3M $775.3M
YoY Change -26.06% 5.53% 5.53%
LONG-TERM ASSETS
Property, Plant & Equipment $16.04B $16.04B $16.04B
YoY Change 4.01% 4.78% 4.78%
Goodwill $165.8M $165.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $285.7M $275.8M $275.8M
YoY Change -66.41% -66.73% -66.73%
Other Assets
YoY Change
Total Long-Term Assets $16.81B $16.78B $16.78B
YoY Change 0.32% 0.79% 0.79%
TOTAL ASSETS
Total Short-Term Assets $695.4M $775.3M $775.3M
Total Long-Term Assets $16.81B $16.78B $16.78B
Total Assets $17.51B $17.55B $17.55B
YoY Change -1.08% 0.99% 0.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $470.4M $514.7M $514.7M
YoY Change 3.62% 6.76% 6.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $470.4M $514.7M $514.7M
YoY Change 3.62% 6.76% 6.76%
LONG-TERM LIABILITIES
Long-Term Debt $6.899B $6.871B $6.871B
YoY Change -7.29% -8.09% -8.09%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $6.899B $6.871B $6.871B
YoY Change -7.29% -8.09% -8.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $470.4M $514.7M $514.7M
Total Long-Term Liabilities $6.899B $6.871B $6.871B
Total Liabilities $7.370B $7.386B $7.479B
YoY Change -6.66% -7.19% -7.05%
SHAREHOLDERS EQUITY
Retained Earnings -$169.0M -$110.2M
YoY Change -61.26% -79.97%
Common Stock $17.55M $17.53M
YoY Change 0.15% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.05B $10.07B $10.07B
YoY Change
Total Liabilities & Shareholders Equity $17.51B $17.55B $17.55B
YoY Change -1.08% 0.99% 0.99%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $517.7M $362.6M $4.349B
YoY Change 0.73% -41.49% 122.66%
Depreciation, Depletion And Amortization $221.7M $226.5M $888.1M
YoY Change -0.22% 10.35% 24.49%
Cash From Operating Activities $696.9M $736.4M $3.117B
YoY Change 6.19% 1.03% 22.55%
INVESTING ACTIVITIES
Capital Expenditures $212.3M $432.5M $1.531B
YoY Change -173.58% -118.15% -127.35%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $2.651B
YoY Change -100.0% 7302.76%
Cash From Investing Activities -$212.3M -$432.5M $1.120B
YoY Change -26.42% -81.77% -120.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $35.27M
YoY Change -63.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$564.0M -410.4M -$4.193B
YoY Change 249.74% -128.89% -219.87%
NET CHANGE
Cash From Operating Activities $696.9M 736.4M $3.117B
Cash From Investing Activities -$212.3M -432.5M $1.120B
Cash From Financing Activities -$564.0M -410.4M -$4.193B
Net Change In Cash -$79.38M -106.5M $43.87M
YoY Change -138.42% -52.29% -90.84%
FREE CASH FLOW
Cash From Operating Activities $696.9M $736.4M $3.117B
Capital Expenditures $212.3M $432.5M $1.531B
Free Cash Flow $484.6M $303.9M $1.586B
YoY Change -48.71% -90.24% -80.52%

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CY2022 psa Noncontrolling Interest Transfer From Redeemable Noncontrolling Interests To Noncontrolling Interests
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CY2022 psa Capital Expenditures To Maintain Real Estate Facilities
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CY2020 psa Distributions In Excess Of Cumulative Equity In Earnings From Unconsolidated Real Estate Entities
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CY2020 us-gaap Repayments Of Notes Payable
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CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
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CY2020 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
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CY2022 psa Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries
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CY2021 psa Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries
AcquisitionOfNonredeemableNoncontrollingInterestsInSubsidiaries
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CY2020 psa Acquisition Of Nonredeemable Noncontrolling Interests In Subsidiaries
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CY2022 us-gaap Proceeds From Minority Shareholders
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CY2021 us-gaap Proceeds From Minority Shareholders
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CY2020 us-gaap Proceeds From Minority Shareholders
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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43867000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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43867000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q4 us-gaap Restricted Cash
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
282600000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
433554000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
734599000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
257560000 usd
CY2022Q4 us-gaap Restricted Cash
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29904000 usd
CY2021Q4 us-gaap Restricted Cash
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26691000 usd
CY2020Q4 us-gaap Restricted Cash
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25040000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
761290000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
282600000 usd
CY2022 psa Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End
CapitalExpendituresToMaintainRealEstateFacilitiesRemainingUnpaidAtPeriodEnd
-15260000 usd
CY2021 psa Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End
CapitalExpendituresToMaintainRealEstateFacilitiesRemainingUnpaidAtPeriodEnd
-23398000 usd
CY2020 psa Capital Expenditures To Maintain Real Estate Facilities Remaining Unpaid At Period End
CapitalExpendituresToMaintainRealEstateFacilitiesRemainingUnpaidAtPeriodEnd
-10359000 usd
CY2022 psa Construction In Process Remaining Unpaid At Period End
ConstructionInProcessRemainingUnpaidAtPeriodEnd
-65650000 usd
CY2021 psa Construction In Process Remaining Unpaid At Period End
ConstructionInProcessRemainingUnpaidAtPeriodEnd
-50051000 usd
CY2020 psa Construction In Process Remaining Unpaid At Period End
ConstructionInProcessRemainingUnpaidAtPeriodEnd
-32349000 usd
CY2022 psa Real Estate Acquired In Exchange For Noncontrolling Interests
RealEstateAcquiredInExchangeForNoncontrollingInterests
-19865000 usd
CY2021 psa Real Estate Acquired In Exchange For Noncontrolling Interests
RealEstateAcquiredInExchangeForNoncontrollingInterests
-68170000 usd
CY2020 psa Real Estate Acquired In Exchange For Noncontrolling Interests
RealEstateAcquiredInExchangeForNoncontrollingInterests
0 usd
CY2022 psa Real Estate Acquired In Exchange For Consideration Payable
RealEstateAcquiredInExchangeForConsiderationPayable
0 usd
CY2021 psa Real Estate Acquired In Exchange For Consideration Payable
RealEstateAcquiredInExchangeForConsiderationPayable
0 usd
CY2020 psa Real Estate Acquired In Exchange For Consideration Payable
RealEstateAcquiredInExchangeForConsiderationPayable
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CY2022 psa Preferred Shares Called For Redemption And Reclassified To Liabilities
PreferredSharesCalledForRedemptionAndReclassifiedToLiabilities
0 usd
CY2021 psa Preferred Shares Called For Redemption And Reclassified To Liabilities
PreferredSharesCalledForRedemptionAndReclassifiedToLiabilities
0 usd
CY2020 psa Preferred Shares Called For Redemption And Reclassified To Liabilities
PreferredSharesCalledForRedemptionAndReclassifiedToLiabilities
300000000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Description of the Business<div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Public Storage (referred to herein as “the Company,” “we,” “us,” or “our”), a Maryland real estate investment trust that has elected to be taxed as a real estate investment trust (“REIT”), was organized in 1980. Our principal business activities include the ownership and operation of self-storage facilities that offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities such as tenant reinsurance, merchandise sales, and third party management, as well as the acquisition and development of additional self-storage space. </span></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2022, we had direct and indirect equity interests in 2,869 self-storage facilities (with approximately 204.2 million net rentable square feet) located in 40 states in the United States (“U.S.”) operating under the Public Storage® name, and 1.2 million net rentable square feet of commercial and retail space. </span></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2022, we owned a 35% common equity interest in Shurgard Self Storage Limited (“Shurgard”), a public company traded on the Euronext Brussels under the “SHUR” symbol, which owned 266 self-storage facilities (with approximately 15 million net rentable square feet) located in seven Western European countries, all operating under the Shurgard® name. </span></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 20, 2022, in connection with the closing of the merger of PS Business Parks, Inc. (“PSB”) with affiliates of Blackstone Real Estate (“Blackstone”), we completed the sale of our 41% common equity interest in PSB in its entirety. Prior to the merger transaction, PSB was a REIT traded on the New York Stock Exchange under the “PSB” symbol, which owned commercial properties, primarily multi-tenant industrial, flex, and office space. Refer to Note 4. Investments in Unconsolidated Real Estate Entities for transaction information and our accounting treatment of the sale.</span></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;padding-left:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:12pt;padding-left:18pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements and accompanying notes in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates and assumptions.</span></div>
CY2022 psa Gain Loss On Sale Percentage Of Interest In Real Estate Sold At Fair Value
GainLossOnSalePercentageOfInterestInRealEstateSoldAtFairValue
1
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.070
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.134
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
22807833000 usd
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
17372627000 usd
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
16289146000 usd
CY2022 psa Real Estate Investment Property At Cost Capital Improvements
RealEstateInvestmentPropertyAtCostCapitalImprovements
452316000 usd
CY2021 psa Real Estate Investment Property At Cost Capital Improvements
RealEstateInvestmentPropertyAtCostCapitalImprovements
284200000 usd
CY2020 psa Real Estate Investment Property At Cost Capital Improvements
RealEstateInvestmentPropertyAtCostCapitalImprovements
163834000 usd
CY2022 psa Real Estate Investment Property At Cost Acquisition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostAcquisitionOfRealEstateFacilities
733442000 usd
CY2021 psa Real Estate Investment Property At Cost Acquisition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostAcquisitionOfRealEstateFacilities
4940413000 usd
CY2020 psa Real Estate Investment Property At Cost Acquisition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostAcquisitionOfRealEstateFacilities
781219000 usd
CY2022 psa Real Estate Investment Property At Cost Disposition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostDispositionOfRealEstateFacilities
1704000 usd
CY2021 psa Real Estate Investment Property At Cost Disposition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostDispositionOfRealEstateFacilities
7408000 usd
CY2020 psa Real Estate Investment Property At Cost Disposition Of Real Estate Facilities
RealEstateInvestmentPropertyAtCostDispositionOfRealEstateFacilities
303000 usd
CY2022 psa Real Estate Investment Property At Cost Newly Developed Facilities Opened For Operation
RealEstateInvestmentPropertyAtCostNewlyDevelopedFacilitiesOpenedForOperation
227239000 usd
CY2021 psa Real Estate Investment Property At Cost Newly Developed Facilities Opened For Operation
RealEstateInvestmentPropertyAtCostNewlyDevelopedFacilitiesOpenedForOperation
218001000 usd
CY2020 psa Real Estate Investment Property At Cost Newly Developed Facilities Opened For Operation
RealEstateInvestmentPropertyAtCostNewlyDevelopedFacilitiesOpenedForOperation
138731000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
24219126000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
22807833000 usd
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
17372627000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
7773308000 usd
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
7152135000 usd
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
6623475000 usd
CY2022 us-gaap Depreciation
Depreciation
781931000 usd
CY2021 us-gaap Depreciation
Depreciation
625968000 usd
CY2020 us-gaap Depreciation
Depreciation
528660000 usd
CY2022 psa Accumulated Depreciation On Real Estate Investments Disposed
AccumulatedDepreciationOnRealEstateInvestmentsDisposed
1084000 usd
CY2021 psa Accumulated Depreciation On Real Estate Investments Disposed
AccumulatedDepreciationOnRealEstateInvestmentsDisposed
4795000 usd
CY2020 psa Accumulated Depreciation On Real Estate Investments Disposed
AccumulatedDepreciationOnRealEstateInvestmentsDisposed
0 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
8554155000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
7773308000 usd
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
7152135000 usd
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
272471000 usd
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
188079000 usd
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
141934000 usd
CY2022 psa Development In Process Current
DevelopmentInProcessCurrent
336948000 usd
CY2021 psa Development In Process Current
DevelopmentInProcessCurrent
302393000 usd
CY2020 psa Development In Process Current
DevelopmentInProcessCurrent
188102000 usd
CY2022 psa Development In Process Write Off Of Cancelled Projects Andor Transfer To Other Assets
DevelopmentInProcessWriteOffOfCancelledProjectsAndorTransferToOtherAssets
9188000 usd
CY2021 psa Development In Process Write Off Of Cancelled Projects Andor Transfer To Other Assets
DevelopmentInProcessWriteOffOfCancelledProjectsAndorTransferToOtherAssets
0 usd
CY2020 psa Development In Process Write Off Of Cancelled Projects Andor Transfer To Other Assets
DevelopmentInProcessWriteOffOfCancelledProjectsAndorTransferToOtherAssets
3226000 usd
CY2022 psa Development In Process Developed Or Redeveloped Facilities Opened For Operation
DevelopmentInProcessDevelopedOrRedevelopedFacilitiesOpenedForOperation
227239000 usd
CY2021 psa Development In Process Developed Or Redeveloped Facilities Opened For Operation
DevelopmentInProcessDevelopedOrRedevelopedFacilitiesOpenedForOperation
218001000 usd
CY2020 psa Development In Process Developed Or Redeveloped Facilities Opened For Operation
DevelopmentInProcessDevelopedOrRedevelopedFacilitiesOpenedForOperation
138731000 usd
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
372992000 usd
CY2021Q4 us-gaap Development In Process
DevelopmentInProcess
272471000 usd
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
188079000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
16037963000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
15306996000 usd
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10408571000 usd
CY2022 psa Write Off Development Cost For Redevelopment Projects
WriteOffDevelopmentCostForRedevelopmentProjects
7000000 usd
CY2022Q4 psa Real Estate Land Cost Transferred
RealEstateLandCostTransferred
2200000 usd
CY2022 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1500000 usd
CY2021 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
16300000 usd
CY2020 psa Development In Process Write Off Of Cancelled Projects Andor Transfer To Other Assets
DevelopmentInProcessWriteOffOfCancelledProjectsAndorTransferToOtherAssets
3200000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
16500000000 usd
CY2020 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
14900000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
275752000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
828763000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
106981000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
232093000 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
80497000 usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.070
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
165843000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
165843000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
165843000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
165843000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
201668000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
153818000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47850000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
198180000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
79953000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
118227000 usd
CY2022Q4 psa Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
386335000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
153818000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
232517000 usd
CY2021Q4 psa Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
382847000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
79953000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
302894000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
95200000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
76600000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16100000 usd
CY2022 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
24800000 usd
CY2021 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
174900000 usd
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P1Y3M18D
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
36852000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5746000 usd
CY2022Q4 psa Finite Lived Intangible Assets Amortization Expense Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseThereafter
5252000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47850000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6910586000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
39760000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
6870826000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
5958083000 usd
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
4350000000 usd
CY2022 psa Accelerated Compensation Expense
AcceleratedCompensationExpense
14900000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
7475279000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7589932000 usd
CY2022 us-gaap Interest Paid
InterestPaid
133800000 usd
CY2021 us-gaap Interest Paid
InterestPaid
77700000 usd
CY2020 us-gaap Interest Paid
InterestPaid
52700000 usd
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6000000 usd
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3500000 usd
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3400000 usd
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
174000 shares
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
35405000 usd
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
552713 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
164000 shares
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
4100000000 usd
CY2022 psa Cumulative Arrearage Of Quarterly Dividends
CumulativeArrearageOfQuarterlyDividends
6 dividend
CY2022 psa Number Of Additional Members Right To Elect
NumberOfAdditionalMembersRightToElect
2 board_member
CY2022 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
0 usd
CY2022 psa Affirmative Vote Of Outstanding Shares Of Series Of Preferred Shares Required For Any Material And Adverse Amendment To Terms Of Series Percent
AffirmativeVoteOfOutstandingSharesOfSeriesOfPreferredSharesRequiredForAnyMaterialAndAdverseAmendmentToTermsOfSeriesPercent
0.6667
CY2022 psa Affirmative Vote Of Outstanding Shares Of All Preferred Shares Voting As Single Class Required To Issue Shares Ranking Senior To Preferred Shares Percent
AffirmativeVoteOfOutstandingSharesOfAllPreferredSharesVotingAsSingleClassRequiredToIssueSharesRankingSeniorToPreferredSharesPercent
0.6667
CY2022Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2020Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
25.00
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
25.00
CY2021Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
25.00
CY2022 psa Portion Of Share Of Cumulative Preferred Shares
PortionOfShareOfCumulativePreferredShares
0.001 shares
CY2021 psa Portion Of Share Of Cumulative Preferred Shares
PortionOfShareOfCumulativePreferredShares
0.001 shares
CY2020 psa Portion Of Share Of Cumulative Preferred Shares
PortionOfShareOfCumulativePreferredShares
0.001 shares
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
283190 shares
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
95860000 usd
CY2020 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
163127 shares
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
12664000 usd
CY2022Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
35000000 shares
CY2022Q4 psa Share Repurchase Program Number Of Shares Repurchased To Date
ShareRepurchaseProgramNumberOfSharesRepurchasedToDate
23700000 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3714000000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
21.15
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1402000000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
8.00
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1399000000 usd
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
8.00
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
194400000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
186600000 usd
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
207100000 usd
CY2022Q4 psa Distributions Classification Percentage
DistributionsClassificationPercentage
1.0000
CY2022Q1 psa Distributions Classification Percentage Ordinary Dividends
DistributionsClassificationPercentageOrdinaryDividends
0.2961
CY2022Q2 psa Distributions Classification Percentage Ordinary Dividends
DistributionsClassificationPercentageOrdinaryDividends
0.2961
CY2022Q3 psa Distributions Classification Percentage Ordinary Dividends
DistributionsClassificationPercentageOrdinaryDividends
0.3966
CY2022Q3 psa Distributions Classification Percentage Ordinary Dividends
DistributionsClassificationPercentageOrdinaryDividends
0
CY2022Q4 psa Distributions Classification Percentage Ordinary Dividends
DistributionsClassificationPercentageOrdinaryDividends
1.0000
CY2022Q1 psa Distributions Classification Percentage Capital Gain Distributions
DistributionsClassificationPercentageCapitalGainDistributions
0.7039
CY2022Q2 psa Distributions Classification Percentage Capital Gain Distributions
DistributionsClassificationPercentageCapitalGainDistributions
0.7039
CY2022Q3 psa Distributions Classification Percentage Capital Gain Distributions
DistributionsClassificationPercentageCapitalGainDistributions
0.6034
CY2022Q3 psa Distributions Classification Percentage Capital Gain Distributions
DistributionsClassificationPercentageCapitalGainDistributions
1.0000
CY2022Q4 psa Distributions Classification Percentage Capital Gain Distributions
DistributionsClassificationPercentageCapitalGainDistributions
0.0000
CY2022Q1 psa Distributions Classification Percentage
DistributionsClassificationPercentage
1.0000
CY2022Q2 psa Distributions Classification Percentage
DistributionsClassificationPercentage
1.0000
CY2022Q3 psa Distributions Classification Percentage
DistributionsClassificationPercentage
1.0000
CY2022Q3 psa Distributions Classification Percentage
DistributionsClassificationPercentage
1.0000
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2200000 usd
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
2100000 usd
CY2020 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1600000 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4100000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
3900000 usd
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56703000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
59865000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33490000 usd
CY2021 psa Accelerated Compensation Expense
AcceleratedCompensationExpense
15900000 usd
CY2020 psa Accelerated Compensation Expense
AcceleratedCompensationExpense
5700000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
21200000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2339667 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
204.53
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
840000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
226.58
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
71500 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
175.16
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
147000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
222.67
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2961167 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
210.59
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
560000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
234.29
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
471216 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
203.30
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
10000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
228.94
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3039951 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
216.04
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
203933 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
331.46
CY2022 psa Share Based Compensation Arrangement By Share Based Payment Award Options Special Dividend Adjustment In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSpecialDividendAdjustmentInPeriod
104348 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
183749 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
191.74
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3164483 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
217.75
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1627882 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
201.00
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
27210000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
44613000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3433000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
87.57
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
62.66
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.79
CY2022Q3 psa Anti Dilution Adjustments Of Outstanding Stock Options Conversion Ratio
AntiDilutionAdjustmentsOfOutstandingStockOptionsConversionRatio
1.03275
CY2022Q3 psa Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberIncreaseDecrease
104348 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
619150 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
213.29
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
110755 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
222.27
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
140089 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
200.88
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
37028 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
215.08
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
552788 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
218.11
CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
189318 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
321.17
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
138420 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
216.63
CY2021 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
32864 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
221.32
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
570822 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
251.95
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
73560 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
344.74
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
146138 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
240.71
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
22197 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
256.50
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
476047 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
269.52
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
147344 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4142288000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1732444000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1098335000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175257000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174858000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
174494000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1023000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
710000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
148000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176280000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175568000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174642000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
23.64
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.91
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.29
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
23.50
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
9.87
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.29
CY2022 us-gaap Profit Loss
ProfitLoss
4366274000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1959639000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
1361227000 usd
CY2022Q4 psa Deductible For General Liability
DeductibleForGeneralLiability
2000000 usd
CY2022Q4 psa Deductible For Property Loss
DeductibleForPropertyLoss
25000000 usd
CY2022Q4 psa Reduced Deductible For Property Loss
ReducedDeductibleForPropertyLoss
5000000 usd
CY2022Q4 psa Aggregate Loss Threshold For Reduced Deductible For Property Loss
AggregateLossThresholdForReducedDeductibleForPropertyLoss
35000000 usd
CY2022Q4 psa Minimum Loss Per Occurrence To Reach Aggregate Loss Threshold For Reduced Deductible For Property Loss
MinimumLossPerOccurrenceToReachAggregateLossThresholdForReducedDeductibleForPropertyLoss
5000000 usd
CY2022Q4 psa Aggregate Limit Property Loss Coverage
AggregateLimitPropertyLossCoverage
75000000 usd
CY2022Q4 psa Aggregate Limit General Liability Coverage
AggregateLimitGeneralLiabilityCoverage
102000000 usd
CY2022Q4 psa Tenant Individual Insurance Limit Maximum
TenantIndividualInsuranceLimitMaximum
5000 usd
CY2022Q4 psa Third Party Insurance Coverage For Claims Paid Exceeding Amount For Individual Event
ThirdPartyInsuranceCoverageForClaimsPaidExceedingAmountForIndividualEvent
15000000 usd
CY2022Q4 psa Third Party Insurance Coverage For Claims Paid For Individual Event Limit
ThirdPartyInsuranceCoverageForClaimsPaidForIndividualEventLimit
5000000 usd
CY2022Q4 psa Tenant Certificate Holders Participating Individual Insurance Program
TenantCertificateHoldersParticipatingIndividualInsuranceProgram
1200000 certificate
CY2022Q4 psa Aggregate Coverage Of Tenants Participating
AggregateCoverageOfTenantsParticipating
5600000000 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
263500000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
229800000 usd
CY2022Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
33700000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3000000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3000000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
49100000 usd
CY2022Q4 psa Sec Schedule1228 Real Estate Companies Investment In Real Estate Number Of Facilities
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateNumberOfFacilities
2869 storage_facility
CY2022Q4 us-gaap Net Rentable Area
NetRentableArea
204217000 sqft
CY2022Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
10092000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
5196649000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
14907072000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
4115405000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
5273073000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
18946053000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
24219126000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
8554155000 usd

Files In Submission

Name View Source Status
psa-20221231_cal.xml Edgar Link unprocessable
0001393311-23-000012-index-headers.html Edgar Link pending
0001393311-23-000012-index.html Edgar Link pending
0001393311-23-000012.txt Edgar Link pending
0001393311-23-000012-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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psa-123122xex10_62016plan.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
psa-123122xex10_72021plan.htm Edgar Link pending
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psa-123122xex31_1.htm Edgar Link pending
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psa-123122xex3_1restatedde.htm Edgar Link pending
psa-20221231.htm Edgar Link pending
psa-20221231.xsd Edgar Link pending
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psa-20221231_def.xml Edgar Link unprocessable
psa-20221231_lab.xml Edgar Link unprocessable
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psa-20221231_htm.xml Edgar Link completed
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