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Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 706,368 $ 686,361 $ 2,061,820 $ 1,996,220
Expenses:        
Self-storage cost of operations 183,637 173,315 545,700 516,488
Ancillary cost of operations 11,907 17,304 33,648 39,611
Depreciation and amortization 124,516 113,320 362,272 334,426
General and administrative 27,429 22,311 90,278 62,331
Operating expenses 347,489 326,250 1,031,898 952,856
Operating income 358,879 360,111 1,029,922 1,043,364
Interest and other income 7,020 4,569 18,892 12,722
Interest expense (8,094) (2,389) (24,589) (4,553)
Equity in earnings of unconsolidated real estate entities 17,771 17,218 90,529 57,235
Foreign currency exchange gain (loss) 2,612 (13,446) 12,738 (44,452)
Casualty loss   (7,789)   (7,789)
Gain on sale of real estate 1,401   1,825 975
Net income 379,589 358,274 1,129,317 1,057,502
Allocation to noncontrolling interests (1,562) (1,600) (4,491) (4,684)
Net income allocable to Public Storage shareholders 378,027 356,674 1,124,826 1,052,818
Allocation of net income to:        
Preferred shareholders- distributions (54,080) (61,055) (162,238) (182,457)
Preferred shareholders - redemptions (Note 8)   (14,692)   (29,330)
Restricted share units (1,268) (1,210) (3,790) (3,502)
Net income allocable to common shareholders $ 322,679 $ 279,717 $ 958,798 $ 837,529
Net income per common share:        
Basic $ 1.85 $ 1.61 $ 5.51 $ 4.83
Diluted $ 1.85 $ 1.61 $ 5.50 $ 4.81
Basic weighted average common shares outstanding 173,975 173,715 173,933 173,560
Diluted weighted average common shares outstanding 174,348 174,240 174,240 174,128
Self-Storage Facilities [Member]        
Revenues:        
Total revenues $ 666,616 $ 646,238 $ 1,943,359 $ 1,878,215
Ancillary Operations [Member]        
Revenues:        
Total revenues $ 39,752 $ 40,123 $ 118,461 $ 118,005