CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and equivalents	$ 734,599	$ 257,560
Real estate facilities, at cost:
Land	5,134,060	4,375,588
Buildings	17,673,773	12,997,039
Real estate facilities, gross	22,807,833	17,372,627
Accumulated depreciation	(7,773,308)	(7,152,135)
Real estate facilities, net	15,034,525	10,220,492
Construction in process	272,471	188,079
Total real estate facilities	15,306,996	10,408,571
Investments in unconsolidated real estate entities	828,763	773,046
Goodwill and other intangible assets, net	302,894	204,654
Other assets	207,656	172,715
Total assets	17,380,908	11,816,546
LIABILITIES AND EQUITY
Notes payable	7,475,279	2,544,992
Preferred shares called for redemption (Note 9)	0	300,000
Accrued and other liabilities	482,091	394,655
Total liabilities	7,957,370	3,239,647
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests	68,249	0
Public Storage shareholders’ equity:
Preferred Shares, $0.01 par value, 100,000,000 shares authorized, 164,000 shares issued (in series) and outstanding, (151,700 at December 31, 2020) at liquidation preference	4,100,000	3,792,500
Common Shares, $0.10 par value, 650,000,000 shares authorized, 175,134,455 shares issued and outstanding (174,581,742 shares at December 31, 2020)	17,513	17,458
Paid-in capital	5,821,667	5,707,101
Accumulated deficit	(550,416)	(914,791)
Accumulated other comprehensive loss	(53,587)	(43,401)
Total Public Storage shareholders’ equity	9,335,177	8,558,867
Noncontrolling interests	20,112	18,032
Total equity	9,355,289	8,576,899
Total liabilities, redeemable noncontrolling interests and equity	$ 17,380,908	$ 11,816,546