Public Storage Balance Sheet (2009-2025) | PSA

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents	0.49B	0.58B	0.67B	0.76B	0.72B	0.47B	0.51B	0.46B	0.15B	0.14B	0.16B	0.14B	0.62B	0.44B	0.54B	0.02B	0.40B	0.41B	0.06B	0.02B	0.10B	0.39B	0.10B	0.19B	0.15B	0.02B	0.04B	0.10B	0.31B	0.26B	0.06B	0.18B	0.12B	0.36B	0.69B	0.43B	0.36B	0.34B	0.43B	0.36B	0.22B	0.36B	0.54B	0.41B	0.72B	1.27B	0.29B	0.26B	0.16B	0.48B	0.96B	0.73B	0.94B	1.01B	0.88B	0.78B	0.70B	0.65B	0.63B	0.37B	0.27B	0.54B	0.60B	0.45B	0.29B	1.10B	0.30B	0.32B
Cash & Current Investments	0.49B	0.58B	0.67B	0.76B	0.72B	0.47B	0.51B	0.46B	0.15B	0.14B	0.16B	0.14B	0.62B	0.44B	0.54B	0.02B	0.40B	0.41B	0.06B	0.02B	0.10B	0.39B	0.10B	0.19B	0.15B	0.02B	0.04B	0.10B	0.31B	0.26B	0.06B	0.18B	0.12B	0.36B	0.69B	0.43B	0.36B	0.34B	0.43B	0.36B	0.22B	0.36B	0.54B	0.41B	0.72B	1.27B	0.29B	0.26B	0.16B	0.48B	0.96B	0.73B	0.94B	1.01B	0.88B	0.78B	0.70B	0.65B	0.63B	0.37B	0.27B	0.54B	0.60B	0.45B	0.29B	1.10B	0.30B	0.32B
Receivables - Other		0.55B	0.57B	0.56B	0.53B	0.48B	0.52B	0.50B	0.24B	0.63B	0.47B	0.40B	0.41B	0.39B	0.40B	0.41B	0.40B	0.40B	0.42B	0.43B	0.21B	0.21B
Prepaid Assets		0.10B	0.10B	0.09B	0.10B	0.09B	0.10B	0.09B	0.10B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B	0.09B	0.09B	0.09B	0.11B	0.09B	0.10B	0.10B	0.11B	0.10B	0.12B	0.09B	0.10B	0.10B
Non-Current Assets
Buildings		7.53B	7.55B	7.58B	7.58B	7.73B	7.77B	7.80B	7.84B	7.89B	7.94B	7.97B	8.01B	8.07B	8.13B	8.17B	8.19B	8.24B	8.53B	8.97B	9.01B	9.06B	9.24B	9.39B	9.43B	9.50B	9.56B	9.64B	9.72B	9.88B	9.97B	10.18B	10.29B	10.35B	10.52B	10.72B	10.81B	10.95B	11.11B	11.25B	11.46B	11.67B	11.88B	12.10B	12.28B	12.40B	12.48B	13.00B	13.21B	15.18B	15.59B	17.67B	17.89B	18.14B	18.54B	18.95B	19.13B	19.37B	21.42B	21.84B	21.97B	22.17B	22.44B	22.77B	23.08B	23.31B	23.82B	24.13B
Construction in Progress		0.01B	0.02B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.00B				0.04B	0.06B	0.07B	0.05B	0.05B	0.04B	0.06B	0.07B	0.10B	0.14B	0.15B	0.17B	0.22B	0.28B	0.23B	0.26B	0.23B	0.21B	0.28B	0.22B	0.26B	0.28B	0.23B	0.25B	0.29B	0.21B	0.19B	0.18B	0.14B	0.16B	0.15B	0.18B	0.19B	0.20B	0.25B	0.23B	0.27B	0.34B	0.38B	0.41B	0.37B	0.38B	0.45B	0.46B	0.35B	0.39B	0.38B	0.31B	0.31B	0.24B	0.26B	0.27B	0.19B
Land & Improvements		2.72B	2.72B	2.72B	2.72B	2.78B	2.79B	2.79B	2.79B	2.80B	2.81B	2.81B	2.82B	2.84B	2.85B	2.86B	2.86B	2.87B	3.00B	3.32B	3.33B	3.34B	3.42B	3.48B	3.49B	3.52B	3.53B	3.56B	3.61B	3.69B	3.71B	3.78B	3.81B	3.81B	3.85B	3.95B	3.96B	3.99B	4.03B	4.05B	4.08B	4.12B	4.15B	4.19B	4.27B	4.30B	4.31B	4.38B	4.43B	4.80B	4.86B	5.13B	5.16B	5.18B	5.24B	5.27B	5.29B	5.32B	5.58B	5.63B	5.63B	5.64B	5.65B	5.71B	5.76B	5.81B	5.90B
Long-Term Investments								0.60B			0.72B	0.71B	0.72B	0.70B	0.72B	0.74B	0.72B	0.72B	0.77B	0.86B	0.86B	0.85B	0.84B	0.81B	0.79B	0.81B	0.81B	0.81B	0.81B	0.70B	0.70B	0.69B	0.70B	0.72B	0.73B	0.72B	0.75B	0.76B	0.62B	0.78B	0.78B	0.78B	0.77B	0.77B	0.76B	0.75B	0.77B	0.77B	0.77B	0.77B	0.78B	0.83B	0.85B	0.85B	0.25B	0.28B	0.29B	0.28B	0.28B	0.39B	0.39B	0.37B	0.40B	0.38B	0.37B	0.39B	0.38B	0.39B
Goodwill		0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B																						0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B	0.17B
Intangibles		0.04B	0.04B	0.04B	0.04B	0.05B	0.05B	0.22B	0.04B	0.03B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.22B	0.25B	0.23B	0.23B	0.23B	0.23B	0.22B	0.22B	0.21B	0.21B				0.02B	0.02B	0.02B	0.02B	0.01B	0.02B	0.02B	0.02B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.08B
Goodwill & Intangibles					0.21B	0.22B	0.22B	0.39B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.22B	0.25B	0.23B	0.23B	0.23B	0.23B	0.22B	0.22B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.21B	0.20B	0.20B	0.21B	0.27B	0.26B	0.30B	0.27B	0.25B	0.24B	0.23B	0.22B	0.21B	0.41B	0.39B	0.35B	0.32B	0.29B	0.28B	0.26B	0.25B	0.27B	0.25B
Other Non-Current Assets																												0.10B	0.09B	0.09B	0.12B	0.12B	0.13B	0.13B	0.13B	0.00B	0.13B	0.13B	0.14B	0.13B	0.17B	0.17B	0.17B	0.17B	0.18B	0.16B	0.17B	0.17B	0.29B	0.18B	0.20B	0.21B	0.21B	0.21B	0.24B	0.23B	0.27B	0.26B	0.29B	0.28B	0.29B	0.28B	0.28B	0.27B	0.29B	0.36B	0.38B	0.30B
Assets		9.70B	9.81B	9.81B	9.74B	9.57B	9.65B	9.50B	9.44B	9.27B	9.09B	8.93B	9.41B	9.18B	9.29B	8.79B	9.10B	9.09B	9.15B	9.88B	9.68B	9.95B	9.62B	9.82B	9.77B	9.63B	9.65B	9.78B	10.06B	10.00B	9.87B	10.13B	10.08B	10.37B	10.77B	10.73B	10.69B	10.69B	10.75B	10.93B	10.88B	11.11B	11.41B	11.37B	11.83B	12.36B	11.39B	11.82B	11.98B	14.49B	15.28B	17.38B	17.70B	17.86B	17.45B	17.55B	17.51B	17.56B	19.88B	19.81B	19.62B	19.79B	19.80B	19.75B	19.62B	20.54B	20.11B	20.21B
Liabilities
Current Liabilities
Accounts Payables		0.22B	0.24B	0.21B	0.20B	0.23B	0.24B	0.21B	0.21B	0.23B	0.24B	0.21B	0.21B	0.23B	0.24B	0.20B	0.21B	0.22B	0.24B	0.22B	0.22B	0.24B	0.26B	0.25B	0.26B	0.27B	0.30B	0.26B
Notes Payables		0.52B	0.52B	0.52B	0.52B	0.59B	0.59B	0.57B	0.46B	0.45B	0.42B	0.40B	0.37B	0.37B	0.35B	0.34B	0.14B	0.11B	0.10B	0.70B	0.37B	0.32B	0.07B	0.06B	0.06B	0.05B	0.06B	0.06B	0.06B	0.06B	0.05B	0.03B	0.03B	0.03B
Payables		0.74B	0.76B	0.73B	0.72B	0.83B	0.83B	0.77B	0.67B	0.68B	0.66B	0.61B	0.59B	0.60B	0.59B	0.54B	0.35B	0.33B	0.34B	0.92B	0.59B	0.56B	0.33B	0.31B	0.32B	0.32B	0.35B	0.32B	0.06B	0.06B	0.05B	0.03B	0.03B	0.03B
Accumulated Expenses																												0.26B	0.28B	0.31B	0.35B	0.30B	0.29B	0.32B	0.38B	0.34B	0.33B	0.35B	0.41B	0.37B	0.37B	0.41B	0.44B	0.38B	0.36B	0.39B	0.43B	0.39B	0.37B	0.41B	0.47B	0.48B	0.45B	0.47B	0.59B	0.51B	0.47B	0.51B	0.64B	0.60B	0.50B	0.58B	0.62B	0.59B	0.52B	0.62B	0.66B	0.61B
Short term Debt												0.05B				0.25B	0.06B	0.03B	0.02B	0.70B	0.37B	0.32B	0.00B	0.02B											0.00B		0.01B	0.01B	0.01B
Non-Current Liabilities
Non-Current Debt												0.22B			0.19B	0.19B	0.14B	0.11B	0.10B	0.09B								0.26B	0.27B	0.38B	0.38B	0.36B	0.37B	0.39B
Minority Interest		0.13B	0.13B	0.13B	0.13B	0.13B	0.13B	0.03B	0.03B	0.03B	0.02B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.03B	0.02B	0.03B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.07B	0.08B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B	0.10B	0.10B	0.10B	0.10B	0.10B	0.09B	0.09B
Total Liabilities		0.74B	0.76B	0.73B	0.92B	0.83B	0.88B	0.77B	0.67B	0.68B	0.66B	0.61B	1.06B	1.01B	0.96B	0.67B	0.35B	0.33B	0.34B	1.06B	0.68B	0.63B	0.33B	0.31B	0.47B	0.33B	0.48B	0.58B	0.99B	1.23B	0.78B	0.69B	0.69B	1.20B	1.81B	1.77B	1.77B	1.77B	1.83B	1.78B	1.78B	2.32B	2.62B	2.29B	2.80B	3.35B	2.93B	3.24B	3.36B	5.73B	6.25B	7.96B	7.90B	7.81B	7.33B	7.39B	7.37B	7.40B	9.67B	9.70B	9.57B	9.99B	10.09B	9.94B	9.95B	11.07B	10.71B	10.87B
Shareholder's Equity
Total Debt												0.27B			0.19B	0.44B	0.20B	0.14B	0.12B	0.79B	0.37B	0.32B	0.00B	0.02B				0.26B	0.27B	0.38B	0.38B	0.36B	0.37B	0.39B	0.00B		0.01B	0.01B	0.01B
Common Equity		8.95B	9.04B	9.06B	8.81B	8.73B	8.81B	8.71B	8.75B	8.58B	8.41B	8.31B	8.34B	8.17B	8.33B	8.12B	8.75B	8.76B	8.81B	8.82B	9.00B	9.31B	9.29B	9.51B	9.30B	9.31B	9.18B	9.20B	9.08B	8.77B	9.09B	9.44B	9.39B	9.16B	8.96B	8.96B	8.92B	8.92B	8.92B	9.14B	9.09B	8.79B	8.79B	9.08B	9.03B	9.01B	8.45B	8.58B	8.62B	8.76B	9.04B	9.36B	9.72B	10.05B	10.12B	10.17B	10.14B	10.16B	10.20B	10.11B	10.05B	9.80B	9.71B	9.81B	9.67B	9.48B	9.41B	9.34B
Shareholder's Equity		8.95B	9.04B	9.06B	8.81B	8.73B	8.81B	8.71B	8.75B	8.58B	8.41B	8.31B	8.34B	8.17B	8.33B	8.12B	8.75B	8.76B	8.81B	8.82B	9.00B	9.31B	9.29B	9.51B	9.30B	9.31B	9.18B	9.20B	9.08B	8.77B	9.09B	9.44B	9.39B	9.16B	8.96B	8.96B	8.92B	8.92B	8.92B	9.14B	9.09B	8.79B	8.79B	9.08B	9.03B	9.01B	8.45B	8.58B	8.62B	8.76B	9.04B	9.36B	9.72B	10.05B	10.12B	10.17B	10.14B	10.16B	10.20B	10.11B	10.05B	9.80B	9.71B	9.81B	9.67B	9.48B	9.41B	9.34B
Liabilities and Shareholders Equity		9.70B	9.81B	9.81B	9.74B	9.57B	9.65B	9.50B	9.44B	9.27B	9.09B	8.93B	9.41B	9.18B	9.29B	8.79B	9.10B	9.09B	9.15B	9.88B	9.68B	9.95B	9.62B	9.82B	9.77B	9.63B	9.65B	9.78B	10.06B	10.00B	9.87B	10.13B	10.08B	10.37B	10.77B	10.73B	10.69B	10.69B	10.75B	10.93B	10.88B	11.11B	11.41B	11.37B	11.83B	12.36B	11.39B	11.82B	11.98B	14.49B	15.28B	17.38B	17.70B	17.86B	17.45B	17.55B	17.51B	17.56B	19.88B	19.81B	19.62B	19.79B	19.80B	19.75B	19.62B	20.54B	20.11B	20.21B
Retained Earnings		-0.26B	-0.18B	-0.15B	-0.20B	-0.27B	-0.23B	-0.24B	-0.22B	-0.24B	-0.27B	-0.26B	-0.30B	-0.34B	-0.31B	-0.28B	-0.33B	-0.34B	-0.32B	-0.32B	-0.39B	-0.41B	-0.42B	-0.37B	-0.40B	-0.43B	-0.44B	-0.43B	-0.48B	-0.49B	-0.49B	-0.49B	-0.55B	-0.61B	-0.66B	-0.68B	-0.74B	-0.74B	-0.76B	-0.58B	-0.62B	-0.65B	-0.65B	-0.67B	-0.70B	-0.79B	-0.87B	-0.91B	-0.88B	-0.86B	-0.77B	-0.55B	-0.44B	-0.18B	-0.12B	-0.11B	-0.17B	-0.17B	-0.13B	-0.27B	-0.34B	-0.59B	-0.74B	-0.70B	-0.87B	-1.09B	-1.15B	-1.22B
Preferred Shares		3.40B	3.40B	3.40B	3.40B	3.39B	3.38B	3.40B	3.40B	3.25B	3.22B	3.11B	3.20B	3.07B	3.20B	2.84B	3.56B	3.56B	3.56B	3.56B	3.80B	4.13B	4.13B	4.33B	4.18B	4.18B	4.05B	4.05B	3.98B	3.69B	4.02B	4.37B	4.37B	4.19B	4.03B	4.03B	4.03B	4.03B	4.03B	4.03B	4.03B	3.74B	3.77B	4.07B	4.07B	4.13B	3.64B	3.79B	3.79B	3.87B	4.01B	4.10B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B	4.35B
Treasury Shares		0.00B	0.00B						0.00B	0.00B	0.04B	0.00B					0.00B	0.00B	0.00B			0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.02B

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Public Storage Balance Sheet (2009-2025) | PSA

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