Condensed Consolidated Statements of Income (USD $) In Thousands, except Per Share data	3 Months Ended				6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010		Jun. 30, 2011		Jun. 30, 2010
Revenues:
Self-storage facilities	$ 395,378		$ 373,536		$ 780,513		$ 737,609
Ancillary operations	28,891		27,077		55,806		52,235
Interest and other income	10,575		7,032		18,343		15,248
Total revenue	434,844		407,645		854,662		805,092
Expenses:
Self-storage facilities	129,790		127,694		265,176		260,034
Ancillary operations	9,597		9,539		18,511		17,969
Depreciation and amortization	89,186		84,879		177,728		169,596
General and administrative	12,593		10,081		26,828		20,158
Interest expense	5,933		7,278		12,917		14,617
Total expenses	247,099		239,471		501,160		482,374
Income from continuing operations before equity in earnings of real estate entities, foreign currency exchange gain (loss), (loss) gains on disposition of real estate investments, gain on early retirement of debt and asset impairment charges	187,745		168,174		353,502		322,718
Equity in earnings of real estate entities	12,770		8,788		26,486		18,749
Foreign currency exchange gain (loss)	10,496	[1]	(49,204)	[1]	41,748	[1]	(84,047)	[1]
(Loss) gains on disposition of real estate investments	(70)		63		128		396
Gain on early retirement of debt			283				283
Asset impairment charges			(1,338)				(1,949)
Income from continuing operations	210,941		126,766		421,864		256,150
Discontinued operations			4,410		(355)		4,943
Net income	210,941		131,176		421,509		261,093
Net income allocated to noncontrolling interests in subsidiaries	(4,497)		(6,138)		(8,957)		(12,094)
Net income allocable to Public Storage shareholders	206,444		125,038		412,552		248,999
Allocation of net income to Public Storage shareholders:
Preferred shareholders based on distributions paid	58,639		58,879		116,256		116,987
Preferred shareholders based on redemptions	15,899		5,063		15,899		5,063
Equity Shares, Series A							5,131
Equity Shares, Series A based on redemptions							25,746
Restricted share units	391		259		823		497
Common shareholders	131,515		60,837		279,574		95,575
Net income allocable to Public Storage shareholders	$ 206,444		$ 125,038		$ 412,552		$ 248,999
Net income per common share - basic
Continuing operations	$ 0.78		$ 0.33		$ 1.65		$ 0.54
Discontinued operations			$ 0.03				$ 0.03
Earnings per share, basic	$ 0.78		$ 0.36		$ 1.65		$ 0.57
Net income per common share - diluted
Continuing operations	$ 0.77		$ 0.33		$ 1.64		$ 0.53
Discontinued operations			$ 0.03				$ 0.03
Earnings per share, diluted	$ 0.77		$ 0.36		$ 1.64		$ 0.56
Basic weighted average common shares outstanding	169,492		168,804		169,404		168,641
Diluted weighted average common shares outstanding	170,401		169,629		170,392		169,470

[1] The foreign currency exchange gains and losses reflected on our condensed consolidated statements of income are comprised primarily of foreign currency exchange gains and losses on the Euro-denominated loan to Shurgard Europe.