Below are the financial statements of Public Storage, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Self-storage facilities | 4,395.99a | 4,259.61a | 3,946.03a |
| Ancillary operations | 299.62a | 258.08a | 236.14a |
| Expenses | — | — | — |
| Self-storage cost of operations | -1,136.72a | -1,061.95a | -980.21a |
| Ancillary cost of operations | -121.28a | -86a | -72.7a |
| Depreciation and amortization | -1,129.77a | -970.06a | -888.15a |
| Real estate acquisition and development expense | -15.51a | -26.45a | -28.74a |
| General and administrative | -106.68a | -80.63a | -71.67a |
| Interest expense | -287.4a | -201.13a | -136.32a |
| Other increases (decreases) to net income | — | — | — |
| Interest and other income | 67.21a | 85.59a | 40.57a |
| Equity in earnings of unconsolidated real estate entities | 19.82a | 27.9a | 106.98a |
| Foreign currency exchange gain (loss) | 102.24a | -51.2a | 98.31a |
| Gain on sale of real estate | 1.54a | 17.18a | 1.5a |
| Gain on sale of equity investment in PS Business Parks, Inc. | 0a | 0a | 2,128.86a |
| Income before income tax expense | 2,089.08a | 2,170.94a | 4,380.6a |
| Income tax expense | -4.67a | -10.82a | -14.33a |
| Net income | 2,084.41a | 2,160.12a | 4,366.27a |
| Allocation to noncontrolling interests | -12.4a | -11.79a | -17.13a |
| Net income allocable to Public Storage shareholders | 2,072.01a | 2,148.33a | 4,349.15a |
| Allocation of net income to | — | — | — |
| Preferred shareholders | -194.7a | -194.7a | -194.39a |
| Restricted share units and unvested LTIP units | -4.62a | -4.88a | -12.47a |
| Net income allocable to common shareholders | 1,872.69a | 1,948.74a | 4,142.29a |
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