Public Storage (PSA) Financial Statements (2024 and earlier)

Company Profile

Business Address 701 WESTERN AVENUE
GLENDALE, CA 91201-2349
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments775735258410361433
Cash and cash equivalents775735258410361433
Total current assets:775735258410361433
Noncurrent Assets
Operating lease, right-of-use asset    39
Inventory, real estate   3454
Property, plant and equipment5,2735,1344,3764,1874,0483,947
Long-term investments and receivables276829773768784724
Long-term investments276829773768784724
Intangible assets, net (including goodwill), including:233303205206210215
Goodwill166166175175175175
Intangible assets, net (excluding goodwill)48118303135(12)
Other undisclosed intangible assets, net (including goodwill)1919(0)0(0)53
Total noncurrent assets:5,7816,2665,3575,2035,0474,891
Other undisclosed assets10,99610,3816,2025,7525,5205,409
TOTAL ASSETS:17,55217,38111,81711,36510,92810,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities7,3867,9573,2402,2861,7841,769
Total liabilities:7,3867,9573,2402,2861,7841,769
Temporary equity, carrying amount  68    
Equity
Equity, attributable to parent10,0739,3358,5599,0639,1198,940
Preferred stock4,3504,1003,7934,0654,0254,025
Common stock181817171717
Additional paid in capital5,8965,8225,7075,7115,7185,648
Accumulated other comprehensive loss(80)(54)(43)(65)(64)(75)
Accumulated deficit(110)(550)(915)(666)(577)(676)
Equity, attributable to noncontrolling interest932018172524
Total equity:10,1679,3558,5779,0809,1458,964
TOTAL LIABILITIES AND EQUITY:17,55217,38111,81711,36510,92810,733

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,1823,4162,9152,8472,7542,669
Revenue, net2,669
Cost of revenue(2,077)(1,025)(924)(842)(740)(708)
Cost of goods and services sold  (852)   (658)
Gross profit:2,1052,3911,9912,0042,0151,961
Operating expenses(115)(801)(636)(585)(602)(537)
Operating income:1,9901,5901,3551,4191,4121,423
Nonoperating income (expense)2,227 22282611
Investment income, nonoperating 2,129 22282619
Loss from catastrophes      (8)
Gain (loss), foreign currency transaction, before tax98     
Interest and debt expense(136)(91)(56)(46)(33)(13)
Income from continuing operations before equity method investments, income taxes:4,0811,4991,3211,4021,4061,421
Income from equity method investments107232807010376
Income from continuing operations:4,1881,7311,4011,4721,5101,497
Income before gain (loss) on sale of properties:1,7311,4011,4721,5101,497
Other undisclosed net income (loss)178229(40)54208(49)
Net income:4,3661,9601,3611,5261,7171,448
Net loss attributable to noncontrolling interest(17)     
Other undisclosed net loss attributable to parent  (6)(4)(5)(6)(6)
Net income attributable to parent:4,3491,9531,3571,5211,7111,442
Preferred stock dividends and other adjustments(194)(215)(255)(243)(216)(266)
Other undisclosed net loss available to common stockholders, basic(12)(5)(4)(5)(6)(5)
Net income available to common stockholders, diluted:4,1421,7321,0981,2731,4891,172

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:4,3661,9601,3611,5261,7171,448
Other comprehensive income (loss)(27)(10)21(1)1120
Comprehensive income:4,3401,9491,3831,5251,7281,469
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(6)(4)(5)(6)(6)
Comprehensive income, net of tax, attributable to parent:4,3221,9431,3791,5201,7221,462

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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