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Tables in the 10-Q of Public Storage

30 tables with numbers, filed Apr 27, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

Title of Class	Trading Symbol	Name of each exchange on which registered
Common Shares, $0.10 par value	PSA	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series F, $0.01 par value	PSAPrF	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value	PSAPrG	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series H, $0.01 par value	PSAPrH	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value	PSAPrI	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series J, $0.01 par value	PSAPrJ	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value	PSAPrK	New York Stock Exchange

PART I FINANCIAL INFORMATION	Pages
Item 1.	Consolidated Financial Statements (Unaudited)
	Consolidated Balance Sheets	1
	Consolidated Statements of Income	2
	Consolidated Statements of Comprehensive Income	3
	Consolidated Statements of Equity	4
	Consolidated Statements of Cash Flows	5
	Notes to Unaudited Consolidated Financial Statements	7

	March 31, 2026	December 31, 2025
	(Unaudited)
ASSETS
Cash and equivalents	$134,609		$318,095
Real estate facilities, at cost:
Land	5,962,189		5,952,072
Buildings	24,251,342		24,126,185
Total land and buildings, at cost	30,213,531		30,078,257

	Three Months Ended March 31,
	2026	2025
Revenues:
Self-storage facilities	$1,128,125		$1,102,998
Ancillary operations	89,616		80,186
Total revenues	1,217,741		1,183,184
Expenses:
Self-storage cost of operations	305,679		301,154

	Cumulative Preferred Shares	Common Shares		Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss		Total Public Storage Shareholders' Equity	Noncontrolling Interests	Total Equity
Balances at December 31, 2025	$4,350,000		$17,550		$6,147,650		$(1,219,273)		$(47,799)		$9,248,128	$93,706	$9,341,834
Issuance of common shares in connection with share-based compensation (44,666 shares)	—		4		7,857		—		—		7,861	—	7,861
Sale of OP Options	—		—		30,000		—		—		30,000	—	30,000
Taxes withheld upon net share settlement of restricted share units	—		—		(2,600)		—		—		(2,600)	—	(2,600)
Share-based compensation cost	—		—		11,674		—		—		11,674	—	11,674
Acquisition of noncontrolling interests	—		—		(7,460)		—		—		(7,460)	(22)	(7,482)
Contributions by noncontrolling interests	—		—		—		—		—		—	856	856

	Three Months Ended March 31, 2026
	(Amounts in thousands)
Operating facilities, at cost:
Beginning balance	$30,078,257
Capital expenditures to maintain real estate facilities	45,523
Capital expenditures for property enhancements	9,487
Capital expenditures for energy efficiencies (LED lighting, solar, heat pumps)	15,151
Acquisitions	20,008

	At March 31, 2026	At December 31, 2025
	Gross Book Value	Accumulated Amortization		Net Book Value	Gross Book Value	Accumulated Amortization		Net Book Value
	(Amounts in thousands)
Goodwill	$165,843		$—		$165,843		$165,843		$—	$165,843
Shurgard® Trade Name	18,824		—		18,824		18,824		—	18,824
Finite-lived intangible assets, subject to amortization	1,072,258		(1,023,718)		48,540		1,071,488		(1,004,542)	66,946
Total goodwill and other intangible assets	$1,256,925		$(1,023,718)		$233,207		$1,256,155		$(1,004,542)	$251,613

Year	Amount
(Amounts in Thousands)
Remainder of 2026	$33,419
2027	10,672
2028	965
2029	212
2030	212
Thereafter	3,060

			March 31, 2026	December 31, 2025
	Coupon Rate	Effective Rate	Amount		Fair Value		Amount	Fair Value
			(Dollar amounts in thousands)
U.S. Dollar Denominated Unsecured Debt
Notes due February 15, 2026	0.875%	1.030%	$—			$—		$500,000	$497,958
Notes due November 9, 2026	1.500%	1.640%	650,000			639,947		650,000	636,828
Notes due April 16, 2027	SOFR+0.70%	4.368%	700,000			700,971		700,000	703,891
Notes due September 15, 2027	3.094%	3.218%	500,000			493,372		500,000	494,206

	Unsecured Debt	Mortgage Debt	Total
	(Amounts in thousands)
Remainder of 2026	$650,000	$105	$650,105
2027	1,200,000	146	1,200,146
2028	1,200,000	129	1,200,129
2029	1,000,000	88	1,000,088
2030	1,280,252	1,061	1,281,313
Thereafter	4,436,637	13	4,436,650

	Three Months Ended March 31,
	2026	2025
Net income	$529,375		$410,791
Foreign currency translation gain (loss) on investment in Shurgard	(11,007)		13,724
Total comprehensive income	518,368		424,515
Allocation to noncontrolling interests	(3,079)		(3,003)
Comprehensive income allocable to Public Storage shareholders	$515,289		$421,512

	Three Months Ended March 31,
	2026	2025
Operating Activities:
Net income	$529,375		$410,791
Adjustments to reconcile net income to net cash flows from operating activities:
Gain on sale of real estate	(379)		(45)
Depreciation and amortization	290,723		282,715
Equity in earnings of unconsolidated real estate entity	(6,836)		(3,627)

			At March 31, 2026		At December 31, 2025
Series	Earliest Redemption Date	Dividend Rate	Shares Outstanding	Liquidation Preference		Shares Outstanding	Liquidation Preference
			(Dollar amounts in thousands)
Series F	6/2/2022	5.150%		11,200			$280,000	11,200	$280,000
Series G	8/9/2022	5.050%		12,000			300,000	12,000	300,000
Series H	3/11/2024	5.600%		11,400			285,000	11,400	285,000
Series I	9/12/2024	4.875%		12,650			316,250	12,650	316,250
Series J	11/15/2024	4.700%		10,350			258,750	10,350	258,750

	Three Months Ended March 31,
	2026	2025
	(Amounts in thousands, except per share data)
Numerator for basic and dilutive net income per common share – net income allocable to common shareholders	$476,788		$358,230
Denominator for basic net income per share - weighted average common shares outstanding	175,519		175,419
Net effect of dilutive stock options and AO LTIP units - based on treasury stock method	409		523
Denominator for dilutive net income per share - weighted average common shares outstanding	175,928		175,942
Net income per common share:

	Three Months Ended March 31, 2026
	Employee Related	Real Estate Related and Other		Total
	(Amounts in thousands)
Balances at December 31, 2025	$954		$—		$954
Costs	1,398		1,296		2,694
Cash payments and other adjustments	(1,219)		(1,296)		(2,515)
Balances at March 31, 2026	$1,133		$—		$1,133

Self-Storage Operations
Summary	Three Months Ended March 31,
		2026	2025	Percentage Change (a)
		(Dollar amounts and square footage in thousands)
Revenues (c):
Same Store Facilities		$1,000,833	$1,001,021	—%
Acquired Facilities		75,004	55,405	35.4%
Newly Developed and Expanded Facilities		48,883	42,429	15.2%

Self-Storage Operations (Continued)
Summary	Three Months Ended March 31,
		2026	2025	Percentage Change (a)
		(Dollar amounts and square footage in thousands)
Number of facilities at period end:
Same Store Facilities		2,755	2,755	—%
Acquired Facilities		286	205	39.5%
Newly Developed and Expanded Facilities		120	108	11.1%

	As of March 31 2026
Costs to acquire (in thousands):
Acquisitions before 2024	$3,083,399
2024 Acquisitions	267,473
2025 Acquisitions	945,586
2026 Acquisitions	20,778
	$4,317,236

	As of March 31, 2026
Costs to develop (in thousands):
Developed and Expanded before 2024	$1,007,794
Developed and Expanded in 2024	325,295
Developed and Expanded in 2025	390,326
Developed and Expanded in 2026	45,411
	$1,768,826

	Principal	Interest	Total
	(Amounts in Thousands)
Remainder of 2026	$650,105	$214,047	$864,152
2027	1,200,146	281,280	1,481,426
2028	1,200,129	244,502	1,444,631
2029	1,000,088	206,489	1,206,577
2030	1,281,313	174,797	1,456,110
Thereafter	4,436,650	1,462,754	5,899,404

2.1	Agreement and Plan of Merger, dated as of March 16, 2026, by and among National Storage Affiliates Trust, NSA OP, LP, Public Storage, Public Storage OP, L.P., Pelican Merger Sub I, LLC and Pelican Merger Sub II, LLC. Filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K dated March 16, 2026 and incorporated by reference herein.
10.1	Retirement and Transition Agreement by and among Public Storage and Joseph, D. Russell, Jr., dated February 10, 2026. Filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated February 12, 2026 and incorporated by reference herein.
31.1	Rule 13a – 14(a) Certification. Filed herewith.
31.2	Rule 13a – 14(a) Certification. Filed herewith.
32	Section 1350 Certifications. Filed herewith.
101 .INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101 .SCH	Inline XBRL Taxonomy Extension Schema. Filed herewith.
101 .CAL	Inline XBRL Taxonomy Extension Calculation Linkbase. Filed herewith.

Tables in the 10-Q of Public Storage

Table 1 after “Securities registered pursuant to Section 12b of the Act:”

Table 2 after “TABLE OF CONTENTS”

Table 3 after “(Amounts in thousands, except share data)”

Table 4 after “(Unaudited)”

Table 5 after “(Unaudited)”

Table 6 after “(Unaudited)”

Table 7 after “(Unaudited)”

Table 8 after “(Unaudited)”

Table 9 after “(Unaudited)”

Table 10 after “Activity in real estate facilities during the three months ended March 31, 2026 is as follows:”

Table 11 after “Goodwill and other intangible assets consisted of the following:”

Table 12 after “The estimated future amortization expense for our finite-lived intangible assets at March 31, 2026 is as follows:”

Table 13 after “Our notes payable at March 31, 2026 and December 31, 2025 are set forth in the tables below:”

Table 14 after “At March 31, 2026, approximate principal maturities of our Notes Payable are as follows:”

Table 15 after “At March 31, 2026 and December 31, 2025, we had the following series of Cumulative Preferred Shares (“Preferred Shares”) outstanding:”

Table 16 after “We recorded share-based compensation expense associated with our equity awards in the various expense categories in the Consolidated Stateme”

Table 17 after “The following table reconciles the numerators and denominators of the basic and diluted net income per common shares computation for the thr”

Table 18 after “The following table reconciles NOI and net income attributable to our reportable segment to our consolidated net income:”

Table 19 after “The following table presents changes in accrued corporate transformation costs and cumulative costs incurred during the three months ended M”

Table 20 after “25”

Table 21 after “Our self-storage operations are analyzed in four groups: (i) 2,755 facilities that we have owned and operated on a stabilized basis since Ja”

Table 22 after “27”

Table 23 after “Selected Operating Data for the Same Store Facilities (2,755 facilities)”

Table 24 after “31”

Table 25 after “The Acquired Facilities represent 112 facilities that we acquired in 2026, 2025, and 2024, and 174 facilities that we acquired before 2024 t”

Table 26 after “The Newly Developed and Expanded Facilities include 110 facilities that were developed on new sites or expanded to increase their net rentab”

Table 27 after “Ancillary revenues and expenses include amounts associated with the reinsurance of policies against losses to goods stored by customers in o”

Table 28 after “The following table sets forth our interest and other income (expense):”

Table 29 after “As of March 31, 2026, the principal outstanding on our debt totaled approximately $9.8 billion, consisting of $7.7 billion of U.S. Dollar de”

Table 30 after “(Items 15(a)(3) and 15(c))”