PUBLIC STORAGE (PSA) FY2025 Annual Balance Sheet

PUBLIC STORAGE (PSA) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

20,208,604,000 US dollars

Liabilities

10,866,770,000 US dollars

Equity

9,341,834,000 US dollars

Noncontrolling interest

93,706,000 US dollars. Included in consolidated equity; this amount is not added again.

Buildings

24,126,185,000 US dollars. Part of Total land and buildings, net, drawn as one net amount.

Land

5,952,072,000 US dollars. Part of Total land and buildings, net, drawn as one net amount.

Accumulated depreciation

negative 11,468,054,000 US dollars. Part of Total land and buildings, net, drawn as one net amount.

Total land and buildings, net

18,610,203,000 US dollars

Investment in unconsolidated real estate entity

388,586,000 US dollars

Cash and equivalents

318,095,000 US dollars

Other assets

303,644,000 US dollars

Goodwill and other intangible assets, net

251,613,000 US dollars

Construction in process

194,355,000 US dollars

Notes receivable

142,108,000 US dollars

Notes payable

10,253,881,000 US dollars

Accrued and other liabilities

612,889,000 US dollars

Paid-in capital

6,147,650,000 US dollars

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

4,350,000,000 US dollars

Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,462,847 shares issued (175,408,393 shares at December 31, 2024)

17,550,000 US dollars

Noncontrolling interests

93,706,000 US dollars

Accumulated deficit

negative 1,219,273,000 US dollars

Accumulated other comprehensive loss

negative 47,799,000 US dollars

Gross equity (calculated)

10,608,906,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.