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    Public Storage

    Company overview

    Market capitalization
    —
    Employees
    5,770
    Latest publication
    2026-09-29
    About Public Storage

    Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2026, we: (i) owned and/or operated 3,546 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 333 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand. Public Storage was incorporated in 1972 in Maryland and is based in Frisco, Texas.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue1,232,881,000USD1,217,741,000USD1,215,792,000USD1,224,043,000USD1,201,094,000USD1,183,184,000USD1,177,427,000USD1,187,758,000USD
    Cost Of Revenue434,074,000USD340,003,000USD923,825,000USD330,850,000USD318,005,000USD331,847,000USD310,774,000USD321,700,000USD
    Gross Profit798,807,000USD877,738,000USD291,967,000USD893,193,000USD883,089,000USD851,337,000USD866,653,000USD866,058,000USD
    General And Administrative Expenses44,369,000USD———————
    Total Operating Expenses332,126,000USD403,460,000USD-264,766,000USD28,783,000USD307,930,000USD307,899,000USD313,438,000USD306,544,000USD
    Operating Income466,681,000USD474,278,000USD556,733,000USD864,410,000USD575,159,000USD543,438,000USD553,215,000USD559,514,000USD
    Total Other Income Expense Net38,973,000USD56,666,000USD-61,401,000USD-346,806,000USD-210,508,000USD-131,221,000USD63,773,000USD-123,883,000USD
    Interest Expense84,781,000USD80,018,000USD81,185,000USD79,692,000USD71,609,000USD72,009,000USD72,135,000USD74,252,000USD
    Depreciation And Amortization287,757,000USD290,723,000USD295,545,000USD290,364,000USD283,216,000USD282,715,000USD280,891,000USD280,330,000USD
    Income Before Tax505,654,000USD530,944,000USD495,332,000USD517,604,000USD364,651,000USD412,217,000USD616,988,000USD435,631,000USD
    Income Tax Expense2,716,000USD1,569,000USD-14,725,000USD2,831,000USD3,240,000USD1,426,000USD-1,373,000USD2,488,000USD
    Equity Method Income Loss4,944,000USD———————
    Net Income502,938,000USD526,273,000USD507,075,000USD511,063,000USD358,419,000USD407,791,000USD614,607,000USD430,329,000USD
    Minority Interest2,978,000USD-3,102,000USD-2,982,000USD-3,710,000USD-2,992,000USD-3,000,000USD-3,754,000USD-2,814,000USD
    Net Income Applicable To Common Shares450,258,000USD—456,979,000USD461,408,000USD308,968,000USD358,230,000USD564,398,000USD380,712,000USD
    Selling General Administrative—30,351,000USD26,988,000USD28,783,000USD24,714,000USD25,184,000USD32,547,000USD26,214,000USD
    Selling And Marketing Expenses—26,342,000USD——————
    Unclassified Operating Expenses—346,767,000USD-291,754,000USD—283,216,000USD282,715,000USD280,891,000USD280,330,000USD
    Interest Income—7,310,000USD9,973,000USD10,331,000USD212,702,000USD7,907,000USD10,821,000USD12,235,000USD
    Net Interest Income—-72,708,000USD-71,212,000USD-69,361,000USD-63,487,000USD-64,102,000USD-61,314,000USD-62,017,000USD
    Tax Provision—1,569,000USD-14,725,000USD2,831,000USD3,240,000USD1,426,000USD-1,373,000USD2,488,000USD
    Net Income From Continuing Ops—529,375,000USD510,057,000USD514,773,000USD361,411,000USD410,791,000USD618,361,000USD433,143,000USD
    Ebit—452,754,000USD576,517,000USD597,296,000USD436,260,000USD484,226,000USD689,123,000USD509,883,000USD
    Ebitda—743,477,000USD872,062,000USD887,660,000USD719,476,000USD766,941,000USD970,014,000USD790,213,000USD
    Reconciled Depreciation—290,723,000USD295,545,000USD290,364,000USD283,216,000USD282,715,000USD280,891,000USD280,330,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20212021-12-31 · USDFY 20062006-12-31 · USDFY 20052005-12-31 · USDFY 20032003-12-31 · USDFY 19981998-12-31 · USD
    Total Revenue4,824,113,000USD4,695,616,000USD4,517,690,000USD3,415,824,000USD1,381,011,000USD1,059,838,000USD892,887,000USD553,753,000USD
    Cost Of Revenue3,619,926,000USD1,258,001,000USD1,147,946,000USD920,598,000USD498,438,000USD378,258,000USD340,871,000USD204,106,000USD
    Gross Profit1,204,187,000USD3,437,615,000USD3,369,744,000USD2,495,226,000USD882,573,000USD681,580,000USD552,016,000USD349,647,000USD
    Selling General Administrative106,682,000USD106,677,000USD80,632,000USD75,966,000USD84,661,000USD21,115,000USD17,127,000USD11,635,000USD
    Unclassified Operating Expenses-1,156,810,000USD1,129,766,000USD970,056,000USD705,025,000USD435,788,000USD196,153,000USD183,863,000USD320,304,000USD
    Total Operating Expenses-1,050,128,000USD1,236,443,000USD1,050,688,000USD789,394,000USD522,229,000USD217,268,000USD200,990,000USD331,939,000USD
    Operating Income2,254,315,000USD2,201,172,000USD2,319,056,000USD1,705,832,000USD360,344,000USD464,312,000USD351,026,000USD17,708,000USD
    Interest Income36,617,000USD44,659,000USD64,819,000USD12,306,000USD————
    Interest Expense304,495,000USD287,401,000USD201,132,000USD90,774,000USD0USD0USD0USD0USD
    Net Interest Income-267,878,000USD-242,742,000USD-136,313,000USD-78,468,000USD————
    Income Before Tax1,789,804,000USD2,089,079,000USD2,170,941,000USD1,972,004,000USD360,627,000USD467,917,000USD354,678,000USD—
    Income Tax Expense-7,228,000USD4,669,000USD10,821,000USD12,365,000USD44,424,000USD8,425,000USD17,018,000USD24,797,000USD
    Tax Provision-7,228,000USD4,669,000USD10,821,000USD12,365,000USD————
    Net Income1,784,348,000USD2,072,011,000USD2,148,327,000USD1,953,263,000USD314,026,000USD456,393,000USD336,653,000USD227,019,000USD
    Net Income From Continuing Ops1,797,032,000USD2,084,410,000USD2,160,120,000USD1,847,852,000USD————
    Ebit2,094,299,000USD2,376,480,000USD2,372,073,000USD2,062,778,000USD360,344,000USD464,312,000USD351,026,000USD17,708,000USD
    Ebitda3,246,139,000USD3,506,246,000USD3,342,129,000USD2,776,206,000USD797,912,000USD660,465,000USD534,889,000USD143,408,000USD
    Depreciation And Amortization1,151,840,000USD1,129,766,000USD970,056,000USD713,428,000USD437,568,000USD196,153,000USD183,863,000USD125,700,000USD
    Reconciled Depreciation1,151,840,000USD1,129,766,000USD909,069,000USD713,428,000USD437,984,000USD196,397,000USD213,528,000USD121,366,000USD
    Total Other Income Expense Net-464,511,000USD-112,093,000USD-148,115,000USD266,172,000USD-360,344,000USD-464,312,000USD-351,026,000USD-17,708,000USD
    Minority Interest-12,684,000USD-12,399,000USD-11,793,000USD6,376,000USD31,883,000USD32,651,000USD43,703,000USD—
    Net Income Applicable To Common Shares1,585,585,000USD1,872,685,000USD1,948,741,000USD1,732,444,000USD44,704,000USD248,018,000USD160,003,000USD—
    Research Development——0USD8,403,000USD1,780,000USD———
    Non Operating Income Net Other———258,082,000USD————
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets20,117,732,000USD19,850,409,000USD20,208,604,000USD20,114,318,000USD20,541,453,000USD19,615,446,000USD19,754,934,000USD19,803,219,000USD
    Cash And Equivalents259,936,000USD—318,095,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD
    Total Liabilities10,831,920,000USD———————
    Total Stockholder Equity9,190,280,000USD9,224,340,000USD9,248,128,000USD9,312,123,000USD9,372,459,000USD9,566,256,000USD9,712,606,000USD9,610,063,000USD
    Total Equity Including Noncontrolling Interest9,285,812,000USD———————
    Common Stock17,562,000USD17,554,000USD17,550,000USD17,546,000USD17,545,000USD17,543,000USD17,541,000USD17,511,000USD
    Retained Earnings-1,345,970,000USD-1,269,414,000USD-1,219,273,000USD-1,150,224,000USD-1,085,142,000USD-867,425,000USD-699,083,000USD-737,450,000USD
    Accumulated Other Comprehensive Income-45,795,000USD-58,783,000USD-47,799,000USD-48,365,000USD-41,461,000USD-58,244,000USD-71,965,000USD-52,684,000USD
    Intangible Assets—233,207,000USD85,770,000USD103,725,000USD87,624,000USD97,360,000USD116,344,000USD128,703,000USD
    Total Liab—10,530,687,000USD10,866,770,000USD10,707,211,000USD11,065,104,000USD9,945,094,000USD9,941,282,000USD10,093,194,000USD
    Other Current Liab—498,421,000USD612,889,000USD664,389,000USD624,825,000USD520,536,000USD588,248,000USD619,416,000USD
    Capital Stock—4,367,554,000USD4,367,550,000USD4,367,546,000USD4,367,545,000USD4,367,543,000USD4,367,541,000USD4,367,511,000USD
    Good Will—165,843,000USD165,843,000USD165,843,000USD165,843,000USD165,843,000USD165,843,000USD165,843,000USD
    Other Assets—142,501,000USD19,638,896,000USD19,548,290,000USD19,183,383,000USD19,065,066,000USD19,025,331,000USD18,909,669,000USD
    Cash—134,609,000USD318,095,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD
    Cash And Short Term Investments—134,609,000USD318,095,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD
    Total Current Assets—134,609,000USD460,203,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD
    Total Current Liabilities—498,421,000USD612,889,000USD664,389,000USD624,825,000USD520,536,000USD588,248,000USD619,416,000USD
    Net Debt—9,572,657,000USD9,935,786,000USD9,746,362,000USD9,335,676,000USD9,137,381,000USD8,905,618,000USD8,874,774,000USD
    Short Long Term Debt—325,000,000USD——————
    Short Long Term Debt Total—9,707,266,000USD10,253,881,000USD10,042,822,000USD10,440,279,000USD9,424,558,000USD9,353,034,000USD9,473,778,000USD
    Long Term Debt—9,707,266,000USD10,253,881,000USD10,042,822,000USD9,756,018,000USD9,424,558,000USD9,353,034,000USD9,473,778,000USD
    Long Term Investments—383,917,000USD388,586,000USD383,557,000USD387,946,000USD374,115,000USD382,490,000USD397,482,000USD
    Net Receivables—142,501,000USD142,108,000USD93,700,000USD78,500,000USD———
    Property Plant Equipment Net—18,679,015,000USD194,355,000USD267,816,000USD257,295,000USD240,669,000USD308,101,000USD310,514,000USD
    Property Plant Equipment Gross—202,742,000USD194,355,000USD267,816,000USD257,295,000USD240,669,000USD308,101,000USD310,514,000USD
    Common Stock Shares Outstanding—175,928,000shares175,859,000shares175,884,000shares175,921,000shares175,942,000shares175,934,000shares175,866,000shares
    Non Current Assets Total—19,573,299,000USD19,748,401,000USD19,817,858,000USD19,436,850,000USD19,328,269,000USD19,307,518,000USD19,204,215,000USD
    Non Current Liabilities Total—9,707,266,000USD10,253,881,000USD10,042,822,000USD10,440,279,000USD9,424,558,000USD9,353,034,000USD9,473,778,000USD
    Non Currrent Assets Other—277,160,000USD18,913,847,000USD18,896,917,000USD18,538,142,000USD18,450,282,000USD18,334,740,000USD18,201,673,000USD
    Net Working Capital—-546,311,000USD-152,686,000USD-367,929,000USD479,778,000USD-233,359,000USD-140,832,000USD-20,412,000USD
    Unclassified Current Assets—-142,501,000USD—-93,700,000USD-78,500,000USD———
    Unclassified Non Current Assets—-308,344,000USD-19,638,896,000USD-19,548,290,000USD-19,183,383,000USD-19,065,066,000USD-19,025,331,000USD-18,909,669,000USD
    Unclassified Current Liabilities—-325,000,000USD—-284,082,000USD-684,261,000USD———
    Unclassified Equity—6,167,429,000USD6,130,100,000USD6,125,620,000USD6,113,972,000USD6,106,839,000USD6,098,572,000USD6,015,175,000USD
    Short Term Debt——0USD284,082,000USD684,261,000USD0USD0USD31,000USD
    Other Current Assets———-93,700,000USD-78,500,000USD——-599,004,000USD
    Unclassified Non Current Liabilities————684,261,000USD———
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets20,208,604,000USD19,754,934,000USD19,809,216,000USD17,552,307,000USD17,380,908,000USD11,816,546,000USD11,365,444,000USD10,928,270,000USD
    Intangible Assets85,770,000USD116,344,000USD221,424,000USD66,674,000USD137,051,000USD30,054,000USD31,336,000USD35,256,000USD
    Total Liab10,866,770,000USD9,941,282,000USD9,702,270,000USD7,385,506,000USD7,957,370,000USD3,239,647,000USD2,285,777,000USD1,783,542,000USD
    Total Stockholder Equity9,248,128,000USD9,712,606,000USD10,013,178,000USD10,166,801,000USD9,423,538,000USD8,576,899,000USD9,079,667,000USD9,144,728,000USD
    Other Current Liab612,889,000USD588,248,000USD598,993,000USD506,410,000USD-20,392,000USD392,804,000USD381,269,000USD369,392,000USD
    Common Stock17,550,000USD17,541,000USD17,567,000USD17,527,000USD17,513,000USD17,458,000USD17,442,000USD17,413,000USD
    Capital Stock4,367,550,000USD4,367,541,000USD4,367,567,000USD4,367,527,000USD4,117,513,000USD3,809,958,000USD4,082,442,000USD4,042,413,000USD
    Retained Earnings-1,219,273,000USD-699,083,000USD-267,910,000USD-110,231,000USD-550,416,000USD-914,791,000USD-665,575,000USD-577,360,000USD
    Good Will165,843,000USD165,843,000USD165,843,000USD165,843,000USD165,843,000USD174,600,000USD174,600,000USD174,600,000USD
    Other Assets19,638,896,000USD19,025,331,000USD19,051,947,000USD200,918,000USD16,343,415,000USD147,675,000USD10,749,765,000USD108,296,000USD
    Cash318,095,000USD447,416,000USD370,002,000USD775,253,000USD734,599,000USD257,560,000USD409,743,000USD361,218,000USD
    Cash And Equivalents318,095,000USD447,416,000USD370,002,000USD775,253,000USD734,599,000USD257,560,000USD409,743,000USD361,218,000USD
    Cash And Short Term Investments318,095,000USD447,416,000USD370,002,000USD775,253,000USD734,599,000USD257,560,000USD409,743,000USD361,218,000USD
    Total Current Assets460,203,000USD447,416,000USD370,002,000USD775,253,000USD734,599,000USD257,560,000USD409,743,000USD361,218,000USD
    Total Current Liabilities612,889,000USD588,248,000USD598,993,000USD514,680,000USD482,091,000USD394,655,000USD383,284,000USD371,259,000USD
    Net Debt9,935,786,000USD8,905,618,000USD8,733,275,000USD6,095,573,000USD6,740,680,000USD2,287,432,000USD1,492,750,000USD1,051,065,000USD
    Short Term Debt0USD651,516,000USD810,496,000USD8,270,000USD502,483,000USD1,851,000USD2,015,000USD1,867,000USD
    Short Long Term Debt Total10,253,881,000USD9,353,034,000USD9,103,277,000USD6,879,096,000USD7,977,762,000USD2,546,843,000USD1,904,508,000USD1,414,150,000USD
    Long Term Debt10,253,881,000USD9,353,034,000USD9,103,277,000USD6,870,826,000USD7,475,279,000USD2,544,992,000USD1,902,493,000USD1,412,283,000USD
    Long Term Investments388,586,000USD382,490,000USD390,180,000USD275,752,000USD828,763,000USD773,046,000USD767,816,000USD783,988,000USD
    Net Receivables142,108,000USD—————7,500,000USD—
    Property Plant Equipment Net194,355,000USD308,101,000USD345,453,000USD372,992,000USD272,471,000USD188,079,000USD141,934,000USD285,339,000USD
    Property Plant Equipment Gross194,355,000USD308,101,000USD345,453,000USD372,992,000USD272,471,000USD188,079,000USD141,934,000USD285,339,000USD
    Accumulated Other Comprehensive Income-47,799,000USD-71,965,000USD-67,239,000USD-80,317,000USD-53,587,000USD-43,401,000USD-64,890,000USD-64,060,000USD
    Common Stock Shares Outstanding175,902,000shares176,038,000shares176,143,000shares176,280,000shares175,568,000shares174,642,000shares174,530,000shares174,297,000shares
    Non Current Assets Total19,748,401,000USD19,307,518,000USD19,439,214,000USD16,777,054,000USD16,646,309,000USD11,558,986,000USD10,955,701,000USD10,567,052,000USD
    Non Current Liabilities Total10,253,881,000USD9,353,034,000USD9,103,277,000USD6,870,826,000USD7,475,279,000USD2,844,992,000USD1,902,493,000USD1,412,283,000USD
    Non Currrent Assets Other18,913,847,000USD18,334,740,000USD18,316,314,000USD15,895,793,000USD207,656,000USD172,715,000USD174,344,000USD131,097,000USD
    Net Working Capital-152,686,000USD-140,832,000USD-228,991,000USD260,573,000USD252,508,000USD-137,095,000USD26,459,000USD-10,041,000USD
    Unclassified Non Current Assets-19,638,896,000USD-19,025,331,000USD-19,051,947,000USD-200,918,000USD-1,308,890,000USD10,072,817,000USD-1,084,094,000USD9,048,476,000USD
    Unclassified Equity6,130,100,000USD6,098,572,000USD5,963,193,000USD5,972,295,000USD5,892,515,000USD5,707,675,000USD5,710,248,000USD5,726,322,000USD
    Unclassified Current Liabilities—-651,516,000USD-810,496,000USD-514,680,000USD-502,483,000USD-394,655,000USD-385,299,000USD-373,126,000USD
    Other Current Assets——-370,002,000USD-775,253,000USD-734,599,000USD-257,560,000USD-409,743,000USD-361,218,000USD
    Accounts Payable———514,680,000USD482,091,000USD394,655,000USD383,284,000USD371,259,000USD
    Net Tangible Assets———5,490,885,000USD5,000,532,000USD4,561,713,000USD4,791,975,000USD4,884,622,000USD
    Short Term Investments————828,763,000USD———
    Unclassified Current Assets————-828,763,000USD—-7,500,000USD—
    Non Current Liabilities Other—————300,000,000USD——
    Short Long Term Debt——————2,015,000USD1,867,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income1,032,313,000USD
    Depreciation578,480,000USD
    Stock Based Compensation24,678,000USD
    Other Non Cash Items-31,691,000USD
    Change In Working Capital-40,198,000USD
    Operating Cash Flow1,563,238,000USD
    Capital Expenditures-248,288,000USD
    Net Investments-243,230,000USD
    Other Investing Activities-2,763,000USD
    Unclassified Investing Cash Flow0USD
    Investing Cash Flow-494,281,000USD
    Net Debt Issuance-7,608,000USD
    Common Stock Issuance23,639,000USD
    Net Common Stock Issuance20,779,000USD
    Other Financing Activities-1,140,287,000USD
    Unclassified Financing Cash Flow0USD
    Financing Cash Flow-1,127,116,000USD
    Effect Of Forex Changes On Cash0USD
    Change In Cash-58,159,000USD
    End Cash Flow259,936,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income529,375,000USD510,057,000USD514,773,000USD361,411,000USD410,791,000USD618,361,000USD433,143,000USD521,209,000USD
    Depreciation290,723,000USD295,545,000USD290,364,000USD283,216,000USD282,715,000USD280,891,000USD280,330,000USD283,342,000USD
    Stock Based Compensation11,888,000USD9,541,000USD9,458,000USD10,620,000USD10,283,000USD12,646,000USD10,927,000USD10,827,000USD
    Other Non Cash Items-40,501,000USD-28,294,000USD-801,000USD153,011,000USD71,958,000USD-123,378,000USD71,072,000USD-7,279,000USD
    Change In Working Capital-96,684,000USD-53,262,000USD61,297,000USD64,450,000USD-70,684,000USD-19,900,000USD3,298,000USD87,180,000USD
    Total Cash From Operating Activities694,801,000USD733,587,000USD875,091,000USD872,708,000USD705,063,000USD768,620,000USD798,770,000USD895,279,000USD
    Capital Expenditures-69,508,000USD-100,087,000USD113,347,000USD-55,338,000USD-58,009,000USD-103,172,000USD-110,360,000USD-102,012,000USD
    Free Cash Flow625,293,000USD633,500,000USD988,438,000USD817,370,000USD647,054,000USD665,448,000USD688,410,000USD793,267,000USD
    Total Cashflows From Investing Activities-147,325,000USD-364,309,000USD-695,983,000USD-338,280,000USD-286,517,000USD-411,644,000USD-213,335,000USD-191,075,000USD
    Net Borrowings-175,034,000USD238,470,000USD-400,034,000USD866,500,000USD-33,000USD-32,000USD-31,000USD—
    Total Cash From Financing Activities-730,962,000USD-347,643,000USD-987,251,000USD282,998,000USD-578,785,000USD-508,564,000USD-559,887,000USD-432,930,000USD
    Dividends Paid-580,530,000USD-575,835,000USD-1,151,691,000USD-575,847,000USD-575,844,000USD-575,689,000USD-574,852,000USD-574,602,000USD
    Sale Purchase Of Stock-2,800,000USD9,412,000USD9,477,000USD7,779,000USD3,184,000USD-92,401,000USD-679,000USD-200,000,000USD
    Issuance Of Capital Stock7,828,000USD-65,000USD1,698,000USD4,595,000USD3,184,000USD76,682,000USD20,553,000USD2,564,000USD
    Change In Cash-183,486,000USD21,635,000USD-808,143,000USD817,426,000USD-160,239,000USD-151,588,000USD25,548,000USD271,274,000USD
    Begin Period Cash Flow318,095,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD573,456,000USD302,182,000USD
    End Period Cash Flow134,609,000USD318,095,000USD296,460,000USD1,104,603,000USD287,177,000USD447,416,000USD599,004,000USD573,456,000USD
    Other Cashflows From Investing Activities-57,713,000USD-264,222,000USD-752,625,000USD-282,942,000USD-228,508,000USD-308,472,000USD-102,975,000USD-89,063,000USD
    Other Cashflows From Financing Activities19,574,000USD-10,213,000USD562,776,000USD-12,250,000USD-6,092,000USD-9,525,000USD-5,557,000USD-3,508,000USD
    Unclassified Investing Cash Flow-20,104,000USD—639,278,000USD338,280,000USD286,517,000USD411,644,000USD213,335,000USD191,075,000USD
    Unclassified Financing Cash Flow7,828,000USD-9,477,000USD—-3,184,000USD—169,083,000USD21,232,000USD345,180,000USD
    Investments——-695,983,000USD-338,280,000USD-286,517,000USD-411,644,000USD-213,335,000USD-191,075,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income1,797,032,000USD2,084,410,000USD2,160,120,000USD4,366,274,000USD1,959,639,000USD1,361,227,000USD1,525,651,000USD1,717,223,000USD
    Depreciation1,151,840,000USD1,129,766,000USD970,056,000USD888,146,000USD713,428,000USD553,257,000USD512,918,000USD483,646,000USD
    Stock Based Compensation39,902,000USD44,747,000USD41,566,000USD56,703,000USD59,815,000USD33,363,000USD25,833,000USD69,936,000USD
    Other Non Cash Items195,874,000USD-100,883,000USD56,005,000USD6,156,000USD-189,327,000USD95,055,000USD3,241,000USD-207,159,000USD
    Change In Working Capital1,801,000USD-29,785,000USD18,901,000USD-2,193,982,000USD-182,951,000USD-163,554,000USD36,500,000USD-106,216,000USD
    Total Cash From Operating Activities3,186,449,000USD3,128,255,000USD3,246,648,000USD3,117,141,000USD2,543,555,000USD2,042,902,000USD2,067,643,000USD2,063,646,000USD
    Capital Expenditures-289,378,000USD-420,024,000USD-461,137,000USD-459,773,000USD-270,238,000USD-169,998,000USD-187,312,000USD-140,980,000USD
    Free Cash Flow2,897,071,000USD2,708,231,000USD2,785,511,000USD2,657,368,000USD2,273,317,000USD1,872,904,000USD1,880,331,000USD1,922,666,000USD
    Total Cashflows From Investing Activities-1,685,089,000USD-1,002,638,000USD-3,538,502,000USD1,119,996,000USD-5,563,511,000USD-1,117,714,000USD-897,360,000USD-515,921,000USD
    Net Borrowings704,903,000USD342,517,000USD2,173,014,000USD-513,495,000USD5,036,686,000USD543,131,000USD494,980,000USD-1,784,000USD
    Total Cash From Financing Activities-1,630,681,000USD-2,078,576,000USD-112,928,000USD-4,193,270,000USD3,498,141,000USD-1,075,716,000USD-1,120,735,000USD-1,619,588,000USD
    Dividends Paid-2,303,381,000USD-2,301,935,000USD-2,305,322,000USD-3,908,497,000USD-1,588,888,000USD-1,606,429,000USD-1,608,749,000USD-1,612,680,000USD
    Sale Purchase Of Stock9,412,000USD-200,000,000USD-53,131,000USD279,772,000USD-1,175,000,000USD-1,220,000,000USD-1,050,000,000USD-12,347,000USD
    Issuance Of Capital Stock9,412,000USD107,599,000USD38,457,000USD278,103,000USD1,243,315,000USD1,220,870,000USD1,092,720,000USD12,525,000USD
    Change In Cash-129,321,000USD47,041,000USD-404,782,000USD43,867,000USD478,690,000USD-150,954,000USD49,535,000USD-72,034,000USD
    Begin Period Cash Flow447,416,000USD400,375,000USD805,157,000USD761,290,000USD282,600,000USD433,554,000USD384,019,000USD456,053,000USD
    End Period Cash Flow318,095,000USD447,416,000USD400,375,000USD805,157,000USD761,290,000USD282,600,000USD433,554,000USD384,019,000USD
    Other Cashflows From Investing Activities-1,693,240,000USD-582,614,000USD-899,214,000USD-759,614,000USD-532,701,000USD-327,244,000USD-460,364,000USD-177,119,000USD
    Other Cashflows From Financing Activities-41,615,000USD-26,757,000USD-33,751,000USD193,451,000USD6,168,387,000USD1,740,069,000USD1,506,370,000USD-17,649,000USD
    Unclassified Investing Cash Flow297,529,000USD1,002,638,000USD1,360,351,000USD-298,171,000USD-4,776,868,000USD-622,268,000USD-250,446,000USD-252,006,000USD
    Investments—-1,002,638,000USD-3,538,502,000USD2,637,554,000USD16,296,000USD1,796,000USD762,000USD54,184,000USD
    Unclassified Financing Cash Flow—107,599,000USD106,262,000USD-244,501,000USD-4,943,044,000USD-532,487,000USD-463,336,000USD24,872,000USD
    Change To Liabilities———0USD0USD0USD0USD0USD
    Cash And Cash Equivalents Changes———43,867,000USD478,690,000USD-150,954,000USD49,535,000USD-72,034,000USD
    Exchange Rate Changes————505,000USD-426,000USD-13,000USD-171,000USD
    Unclassified Operating Cash Flow————182,951,000USD163,554,000USD-36,500,000USD106,216,000USD
    Change To Account Receivables—————7,509,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Acquired Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant306facilitiesDisclosure

    Acquired Facilities Annual Contract Rent per Occupied Square Foot

    Period endPeriodValueUnitSource
    2026-06-30instant14.95USD per occupied square foot per yearDisclosure

    Acquired Facilities Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant24,491thousand square feetDisclosure

    Acquired Facilities Square Foot Occupancy

    Period endPeriodValueUnitSource
    2026-06-30instant87percentDisclosure

    Additional Facilities Under Management Contract

    Period endPeriodValueUnitSource
    2026-06-30instant75facilitiesDisclosure

    Additional Net Rentable Square Feet Under Management Contract

    Period endPeriodValueUnitSource
    2026-06-30instant6.2million square feetDisclosure

    Commercial and Retail Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant0.9million square feetDisclosure

    Contracted Third-Party Facilities Under Construction

    Period endPeriodValueUnitSource
    2026-06-30instant68facilitiesDisclosure

    Developed and Expanded Annual Contract Rent per Occupied Square Foot

    Period endPeriodValueUnitSource
    2026-06-30instant18.66USD per occupied square foot per yearDisclosure

    Developed and Expanded Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant120facilitiesDisclosure

    Developed and Expanded Facilities Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant13,822thousand square feetDisclosure

    Developed and Expanded Facilities Square Foot Occupancy

    Period endPeriodValueUnitSource
    2026-06-30instant80.6percentDisclosure

    Development Pipeline Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant2.8million square feetDisclosure

    Development and Redevelopment Net Rentable Square Feet Added

    Period endPeriodValueUnitSource
    2026-06-30YTD0.4million square feetDisclosure

    Expansion Pipeline Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant1.2million square feetDisclosure

    Facilities in Development

    Period endPeriodValueUnitSource
    2026-06-30instant31facilitiesDisclosure

    Net Rentable Square Feet Acquired

    Period endPeriodValueUnitSource
    2026-06-30YTD1.7million square feetDisclosure

    Owned Self-Storage Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant3,196facilitiesDisclosure

    Owned Self-Storage Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant231.4million square feetDisclosure

    Same Store Annual Contract Rent per Occupied Square Foot

    Period endPeriodValueUnitSource
    2026-06-30instant22.09USD per occupied square foot per yearDisclosure

    Same Store Churn

    Period endPeriodValueUnitSource
    2026-06-30quarterly18.2percentDisclosure

    Same Store Contract Rents Gained from Move-Ins

    Period endPeriodValueUnitSource
    2026-06-30quarterly112,328USD thousandsDisclosure

    Same Store Contract Rents Lost from Move-Outs

    Period endPeriodValueUnitSource
    2026-06-30quarterly149,929USD thousandsDisclosure

    Same Store Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant2,755facilitiesDisclosure

    Same Store Move-In Average Annual Contract Rent per Square Foot

    Period endPeriodValueUnitSource
    2026-06-30quarterly13.49USD per square foot per yearDisclosure

    Same Store Move-In Square Footage

    Period endPeriodValueUnitSource
    2026-06-30quarterly33,307thousand square feetDisclosure

    Same Store Move-Out Average Annual Contract Rent per Square Foot

    Period endPeriodValueUnitSource
    2026-06-30quarterly19.34USD per square foot per yearDisclosure

    Same Store Move-Out Square Footage

    Period endPeriodValueUnitSource
    2026-06-30quarterly31,009thousand square feetDisclosure

    Same Store Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant192,126thousand square feetDisclosure

    Same Store Realized Annual Rent per Available Square Foot

    Period endPeriodValueUnitSource
    2026-06-30quarterly20.24USD per available square foot per yearDisclosure

    Same Store Realized Annual Rent per Occupied Square Foot

    Period endPeriodValueUnitSource
    2026-06-30quarterly21.89USD per occupied square foot per yearDisclosure

    Same Store Square Foot Occupancy

    Period endPeriodValueUnitSource
    2026-06-30instant92.4percentDisclosure

    Same Store Weighted-Average Square Foot Occupancy

    Period endPeriodValueUnitSource
    2026-06-30quarterly92.5percentDisclosure

    Self-Storage Facilities Acquired

    Period endPeriodValueUnitSource
    2026-06-30YTD23facilitiesDisclosure

    Shurgard Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant335facilitiesDisclosure

    Shurgard Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant19million square feetDisclosure

    Tenant Reinsurance Aggregate Coverage

    Period endPeriodValueUnitSource
    2026-06-30instant7.5USD billionsDisclosure

    Tenant Reinsurance Certificates

    Period endPeriodValueUnitSource
    2026-06-30instant1.6million certificatesDisclosure

    Third-Party Managed Facilities

    Period endPeriodValueUnitSource
    2026-06-30instant388facilitiesDisclosure

    Third-Party Managed Net Rentable Square Feet

    Period endPeriodValueUnitSource
    2026-06-30instant28million square feetDisclosure

    Third-Party Management Facilities Added

    Period endPeriodValueUnitSource
    2026-06-30YTD40facilitiesDisclosure

    Third-Party Management Facilities Exited

    Period endPeriodValueUnitSource
    2026-06-30YTD14facilitiesDisclosure

    Total Annual Contract Rent per Occupied Square Foot

    Period endPeriodValueUnitSource
    2026-06-30instant21.16USD per occupied square foot per yearDisclosure

    Total Square Foot Occupancy

    Period endPeriodValueUnitSource
    2026-06-30instant91.1percentDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30ProductAncillary Operations92,934,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30ProductSelf Storage Operations1,139,947,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentAncillary Operations92,934,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentSelf Storage Operations1,139,947,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31ProductAncillary Operations89,616,000USD0001628280-26-027487
    Q1 2026Quarterly · 2026-03-31ProductSelf Storage Operations1,128,125,000USD0001628280-26-027487
    Q1 2026Quarterly · 2026-03-31SegmentAncillary Operations89,616,000USD0001628280-26-027487
    Q1 2026Quarterly · 2026-03-31SegmentSelf Storage Operations1,128,125,000USD0001628280-26-027487
    Q4 2025Quarterly · 2025-12-31ProductAncillary Operations86,872,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31ProductSelf Storage Operations1,128,920,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentAncillary Operations86,872,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentSelf Storage Operations1,128,920,000USDLegacy provider
    FY 2025Yearly · 2025-12-31ProductAncillary Operations334,700,000USD0001628280-26-007696
    FY 2025Yearly · 2025-12-31ProductSelf Storage Operations4,489,413,000USD0001628280-26-007696
    FY 2025Yearly · 2025-12-31SegmentAncillary Operations334,700,000USD0001628280-26-007696
    FY 2025Yearly · 2025-12-31SegmentSelf Storage Operations4,489,413,000USD0001628280-26-007696
    Q3 2025Quarterly · 2025-09-30ProductAncillary Operations85,206,000USD0001628280-25-047163
    Q3 2025Quarterly · 2025-09-30ProductSelf Storage Operations1,138,837,000USD0001628280-25-047163
    Q3 2025Quarterly · 2025-09-30SegmentAncillary Operations85,206,000USD0001628280-25-047163
    Q3 2025Quarterly · 2025-09-30SegmentSelf Storage Operations1,138,837,000USD0001628280-25-047163
    Q2 2025Quarterly · 2025-06-30ProductAncillary Operations82,436,000USD0001393311-25-000120
    Q2 2025Quarterly · 2025-06-30ProductSelf Storage Operations1,118,658,000USD0001393311-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentAncillary Operations82,436,000USD0001393311-25-000120
    Q2 2025Quarterly · 2025-06-30SegmentSelf Storage Operations1,118,658,000USD0001393311-25-000120
    Q1 2025Quarterly · 2025-03-31ProductAncillary Operations80,186,000USD0001628280-26-027487
    Q1 2025Quarterly · 2025-03-31ProductSelf Storage Operations1,102,998,000USD0001628280-26-027487
    Q1 2025Quarterly · 2025-03-31SegmentAncillary Operations80,186,000USD0001628280-26-027487
    Q1 2025Quarterly · 2025-03-31SegmentSelf Storage Operations1,102,998,000USD0001628280-26-027487
    Q4 2024Quarterly · 2024-12-31ProductAncillary Operations77,330,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31ProductSelf Storage Operations1,100,097,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentAncillary Operations77,330,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentSelf Storage Operations1,100,097,000USDLegacy provider
    FY 2024Yearly · 2024-12-31ProductAncillary Operations299,623,000USD0001628280-26-007696
    FY 2024Yearly · 2024-12-31ProductSelf Storage Operations4,395,993,000USD0001628280-26-007696
    FY 2024Yearly · 2024-12-31SegmentAncillary Operations299,623,000USD0001628280-26-007696
    FY 2024Yearly · 2024-12-31SegmentSelf Storage Operations4,395,993,000USD0001628280-26-007696
    Q3 2024Quarterly · 2024-09-30ProductAncillary Operations77,643,000USD0001628280-25-047163
    Q3 2024Quarterly · 2024-09-30ProductSelf Storage Operations1,110,115,000USD0001628280-25-047163
    Q3 2024Quarterly · 2024-09-30SegmentAncillary Operations77,643,000USD0001628280-25-047163
    Q3 2024Quarterly · 2024-09-30SegmentSelf Storage Operations1,110,115,000USD0001628280-25-047163
    FY 2023Yearly · 2023-12-31ProductAncillary Operations258,077,000USD0001628280-26-007696
    FY 2023Yearly · 2023-12-31ProductSelf Storage Operations4,259,613,000USD0001628280-26-007696
    FY 2023Yearly · 2023-12-31SegmentAncillary Operations258,077,000USD0001628280-26-007696
    FY 2023Yearly · 2023-12-31SegmentSelf Storage Operations4,259,613,000USD0001628280-26-007696
    FY 2022Yearly · 2022-12-31SegmentAncillary Operations236,135,000USD0001393311-25-000036
    FY 2022Yearly · 2022-12-31SegmentSelf Storage Operations3,946,028,000USD0001393311-25-000036
    FY 2021Yearly · 2021-12-31SegmentAncillary Operations212,258,000USD0001393311-24-000043
    FY 2021Yearly · 2021-12-31SegmentSelf Storage Operations3,203,566,000USD0001393311-24-000043
    FY 2020Yearly · 2020-12-31SegmentAncillary Operations193,438,000USD0001393311-23-000012
    FY 2020Yearly · 2020-12-31SegmentSelf Storage Operations2,721,630,000USD0001393311-23-000012
    FY 2019Yearly · 2019-12-31SegmentAncillary Operations170,556,000USD0001393311-22-000010
    FY 2019Yearly · 2019-12-31SegmentSelf Storage Operations2,684,552,000USD0001393311-22-000010

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.