7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-03-31 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 
      
    		                                    
      cash flows from operating activities:
    		                                    
      net income
    		514,773,000 361,411,000 410,791,000 618,361,000 433,143,000 521,209,000 511,697,000 441,897,000 616,643,000 581,165,000 520,415,000 414,934,000 2,778,152,000 656,893,000 516,295,000 622,019,000 358,274,000 355,207,000 344,021,000 415,681,000 369,050,000 358,359,000 317,349,000 365,259,000 341,136,000 328,040,000 283,254,000 228,273,000 206,722,000 220,437,000 194,513,000 210,941,000 210,568,000 245,811,000 131,176,000 129,917,000 
      adjustments to reconcile net income to net cash flows from operating activities:
    		                                    
      gain on sale of real estate
    		-502,000 -163,000 -45,000 -109,000 -554,000 0 -874,000 -17,090,000    0    0                     
      depreciation and amortization
    		290,364,000 283,216,000 282,715,000 280,891,000 280,330,000 283,342,000 285,203,000 287,525,000 238,748,000 222,133,000 221,650,000 226,538,000 220,772,000 218,708,000 222,128,000 205,289,000 113,320,000 110,177,000 110,929,000 111,741,000 109,432,000 107,013,000 105,128,000 106,307,000 106,082,000 106,473,000 107,146,000 109,021,000         
      equity in earnings of unconsolidated real estate entities
    		-3,674,000 2,230,000 -3,627,000    -6,090,000 -5,110,000 -7,227,000 -9,565,000 -5,995,000 -6,852,000 -8,180,000 -48,525,000 -43,424,000 -150,711,000 -17,218,000 -20,068,000 -19,949,000 -15,128,000 -17,237,000                
      distributions from cumulative equity in earnings of unconsolidated real estate entities
    		1,087,000 304,000 432,000    352,000 11,670,000 334,000 17,005,000 324,000 309,000 87,867,000 31,092,000 15,501,000 91,237,000                     
      unrealized foreign currency exchange loss
    		                                    
      share-based compensation expense
    		9,458,000 10,620,000 10,283,000 12,646,000 10,927,000 10,827,000 10,347,000 10,257,000 9,515,000 11,949,000 9,845,000 12,106,000 13,741,000 16,928,000 13,928,000 12,168,000 12,942,000 4,244,000 8,319,000                  
      impairment of real estate investments
    		119,000                                    
      amortization of debt issuance costs
    		                                    
      other non-cash adjustments
    		-4,278,000 3,588,000 2,707,000 3,418,000 2,597,000 2,614,000 2,781,000 10,303,000                             
      changes in operating assets and liabilities, excluding the impact of acquisitions:
    		                                    
      other assets
    		10,414,000 -31,468,000 8,702,000 273,000 -39,087,000 10,077,000 -16,231,000 24,354,000 -21,300,000 17,192,000 -36,611,000                          
      accrued and other liabilities
    		50,883,000 95,918,000 -79,386,000 -20,173,000 42,385,000 77,103,000 -84,132,000 -43,298,000 83,281,000 37,733,000 -42,450,000                          
      net cash flows from operating activities
    		875,091,000 872,708,000 705,063,000 768,620,000 798,770,000 895,279,000 665,586,000 791,684,000 875,671,000 882,400,000 696,893,000 736,351,000 927,017,000 797,532,000 656,241,000 728,835,000                     
      cash flows from investing activities:
    		                                    
      capital expenditures to maintain real estate facilities
    		-55,003,000 -39,342,000 -44,960,000 -64,759,000 -57,415,000 -51,105,000 -66,376,000 -78,605,000 -52,911,000 -8,414,000 -96,642,000 -121,877,000 -125,423,000 -112,924,000 -99,549,000 -101,135,000 -32,702,000 -27,722,000 -24,373,000 -19,403,000 -23,796,000 -26,719,000 -11,517,000 -12,655,000 -20,478,000 -24,562,000 -7,899,000 -13,136,000         
      capital expenditures for property enhancements
    		   -20,585,000 -43,145,000 -37,981,000 -25,046,000 -40,579,000 -52,041,000                            
      capital expenditures for energy efficiencies
    		-20,941,000 -15,996,000 -13,049,000 -17,828,000 -9,800,000 -12,926,000 -13,058,000 -18,854,000 -19,922,000                            
      development and expansion of real estate facilities
    		-94,852,000 -76,665,000 -66,481,000 -79,693,000 -82,229,000 -80,405,000 -84,527,000 -115,468,000 -87,542,000 -92,561,000 -68,874,000 -82,028,000 -75,020,000 -79,758,000 -76,705,000 -80,454,000                     
      acquisition of real estate facilities and intangible assets
    		-511,278,000 -162,287,000 -140,990,000 -221,193,000 -24,317,000   -171,852,000 -110,546,000 -143,983,000 -46,795,000 -228,587,000 -297,940,000 -119,140,000 -112,277,000 -2,201,822,000 -47,269,000 -11,623,000 -22,784,000 -158,528,000 -72,993,000 -99,499,000 -85,158,000 -72,161,000 -17,132,000 -55,492,000 -32,291,000          
      issuance of notes receivable
    		-14,963,000 -44,240,000 -23,636,000                                  
      distributions in excess of cumulative equity in earnings from unconsolidated real estate entities
    		       7,810,000 0   0 9,133,000   10,753,000                     
      proceeds from sale of real estate investments
    		1,054,000 250,000 2,599,000 2,374,000 3,571,000 20,000 2,423,000 39,885,000    0    226,000 0   0 -395,000 704,000 689,000              
      net cash flows used in investing activities
    		-695,983,000 -338,280,000 -286,517,000  -213,335,000 -191,075,000 -186,584,000   -334,962,000 -212,311,000   -307,285,000 -288,531,000 -2,372,432,000                     
      cash flows from financing activities:
    		                                    
      repayments of notes payable
    		-400,034,000 -32,000 -33,000 -32,000 -31,000 -808,406,000 -36,000 -30,000                             
      issuance of notes payable, net of issuance costs
    		0   0 0   0        1,738,744,000                     
      issuance of common shares in connection with share-based compensation
    		1,698,000 4,595,000 3,184,000 16,361,000 20,553,000 2,564,000 7,800,000 22,032,000 1,042,000 4,941,000 25,116,000 7,358,000 16,421,000 3,419,000 8,073,000                      
      taxes paid upon net share settlement of restricted share units
    		-433,000 -372,000 -2,668,000 -6,372,000 -679,000 -288,000 -5,328,000 -3,910,000 -644,000 -464,000 -8,932,000 -3,838,000 -779,000 -1,636,000 -10,574,000                      
      repurchase of common shares
    		   0 0                                
      acquisition of noncontrolling interests
    		0 -8,958,000 -103,000 -405,000            -659,000 0 -14,291,000 -134,000     -49,000             
      contributions by noncontrolling interests
    		1,041,000 1,531,000 1,153,000 953,000 567,000 91,000 1,327,000 562,000 1,908,000 729,000 4,000 10,000 -39,000 907,000 791,000 92,000 482,000 -108,000 692,000 293,000 430,000 740,000 2,007,000 578,000             
      distributions paid to preferred shareholders, common shareholders, restricted share unitholders and unvested ltip unitholders
    		-575,855,000 -575,847,000 -575,844,000 -575,689,000 -574,852,000 -574,602,000 -576,792,000                              
      distributions paid to noncontrolling interests
    		-13,668,000 -4,451,000 -4,474,000 -3,701,000 -4,259,000 -3,311,000 -4,166,000 -3,631,000 -3,648,000 -3,575,000 -3,773,000 -2,770,000 -9,756,000 -19,142,000 -2,555,000 -2,149,000 -1,791,000 -1,728,000 -2,021,000 -1,978,000 -1,968,000 -1,907,000 -1,733,000 -1,838,000 -2,296,000 -1,369,000 -1,822,000 -1,779,000 -1,739,000 -2,077,000 -5,089,000      
      net cash flows used in financing activities
    		-987,251,000 282,998,000 -578,785,000   -432,930,000 -577,195,000   -591,121,000 -563,965,000    -161,253,000                      
      net increase in cash and equivalents, including restricted cash
    		-808,143,000   -151,588,000 25,548,000   -259,980,000 -21,736,000                            
      cash and equivalents, including restricted cash at beginning of the period:
    		                                    
      cash and equivalents
    		0 0 447,416,000 0 0 0 370,002,000 0 0 0 775,253,000 0 0 0 734,599,000 0                     
      restricted cash included in other assets
    		   0 0 0 30,373,000 0 0 0 29,904,000 0 0 0 26,691,000 0                     
      cash and equivalents, including restricted cash at end of the period:
    		                                    
      supplemental schedule of non-cash investing and financing activities:
    		                                    
      costs incurred during the period remaining unpaid at period end for:
    		                                    
      construction or expansion of real estate facilities
    		22,253,000 -3,645,000 -42,084,000 -4,084,000 4,100,000 -5,715,000 -41,460,000 -1,311,000 -8,938,000 -7,225,000 -50,625,000 5,356,000 -22,324,000 -6,437,000 -42,245,000 -10,746,000                     
      supplemental cash flow information:
    		                                    
      cash paid for interest, net of amounts capitalized
    		80,834,000 57,176,000 82,509,000 58,846,000 79,319,000 55,588,000 75,745,000                              
      cash paid for income taxes, net of refunds
    		-52,000 6,140,000 -230,000 300,000 433,000 4,623,000 1,521,000                              
      unrealized foreign currency exchange gain
    		 147,052,000 68,664,000     71,176,000 -47,782,000 1,020,000 26,825,000  -99,880,000                        
      impairment write-down of real estate investments
    		  3,827,000                                  
      net decrease in cash and equivalents, including restricted cash
    		  -160,239,000    -98,193,000                              
      gain on sale of equity investment in ps business parks, inc.
    		           0                         
      unrealized foreign currency exchange (gain) loss
    		     -12,391,000 -37,467,000                              
      acquisition of breit simply storage llc, net of cash acquired
    		       0                             
      contributions to unconsolidated real estate entity
    		                                    
      proceeds from sale of equity investment in ps business parks, inc.
    		           0                         
      net cash flows (used in) from investing activities
    		       -490,217,000                             
      issuance costs on amendment of credit facility
    		       0 0                            
      issuance of preferred shares
    		           0 0 0 242,832,000 422,144,000 290,120,000   338,075,000 314,450,000 193,561,000 290,117,000     227,497,000         
      issuance of common shares
    		                2,852,000 13,868,000 18,034,000 11,350,000 3,466,000 1,058,000 9,667,000 3,749,000 15,426,000 6,779,000 3,709,000 25,409,000         
      real estate acquired in exchange for noncontrolling interests
    		           0 0 -4,439,000 -15,426,000                      
      equity in earnings of unconsolidated real estate entity
    		    -2,888,000                                
      distributions from cumulative equity in earnings of unconsolidated real estate entity
    		    1,334,000                                
      distributions in excess of cumulative equity in earnings from unconsolidated real estate entity
    		    0                                
      net cash flows (used in) from financing activities
    		           -410,381,000 -3,205,030,000                        
      contributions to unconsolidated real estate entities
    		                                    
      redemption of preferred shares
    		               -350,000,000    0 -487,500,000   -125,000,000 0            
      distributions paid to preferred shareholders, common shareholders and restricted share unitholders
    		       -576,470,000 -576,297,000 -576,304,000 -576,251,000 -399,916,000 -2,709,079,000 -399,918,000 -399,584,000 -399,012,000                     
      net cash flows (used in) from operating, investing, and financing activities
    		          -79,383,000                          
      net effect of foreign exchange impact on cash and equivalents, including restricted cash
    		              173,000 192,000                     
      net cash flows from (used) in financing activities
    		                                    
      other
    		         3,768,000 2,890,000 -49,819,000 64,908,000 23,877,000 -32,810,000 -12,964,000 35,277,000 18,946,000 -3,055,000 -72,860,000 38,542,000 28,385,000 10,651,000 -31,703,000 28,074,000 38,302,000 -11,718,000 -7,205,000 -3,970,000 -23,357,000 19,140,000 24,232,000 -2,285,000 12,492,000 26,838,000 -19,507,000 
      changes in operating assets and liabilities:
    		                                    
      repayments on notes payable
    		         -8,071,000 -129,000 -11,225,000 -501,798,000 -236,000 -236,000 -633,000 -426,000 -421,000 -420,000 -16,464,000 -9,403,000 -4,640,000 -5,952,000 -496,000 -459,000 -10,745,000 -5,537,000 -710,000         
      increase in cash and equivalents, including restricted cash
    		          -79,383,000 -106,522,000 -129,709,000 73,468,000 206,630,000 -223,061,000                     
      total adjustments
    		           321,417,000 -1,851,135,000 140,639,000 139,946,000 106,816,000 178,918,000 151,037,000 115,062,000 49,615,000 146,276,000 165,375,000 123,631,000 69,273,000 130,899,000 128,803,000 85,937,000 102,436,000 72,768,000 74,222,000 131,816,000 106,704,000 54,251,000 50,291,000 161,314,000 103,205,000 
      repayment of note receivable
    		                                    
      net cash flows from (used in) investing activities
    		           -432,492,000                         
      net cash flows from operating, investing, and financing activities
    		           -106,522,000 -129,709,000                        
      real estate acquired in exchange for consideration payable
    		                                    
      preferred shares called for redemption and reclassified to liabilities
    		                                    
      foreign currency exchange gain
    		              -35,377,000              -12,157,000        
      real estate deposits and costs for pending acquisitions
    		                                    
      net cash flows from (used in) operating, investing, and financing activities
    		              206,457,000                      
      foreign currency exchange (gain) loss
    		               -38,203,000               28,253,000 -10,496,000 -31,252,000    
      cash paid upon vesting of restricted share units
    		               -2,631,000 -645,000 -159,000 -11,605,000 -1,753,000                 
      net cash flows from financing activities
    		               1,420,344,000                     
      adjustments to reconcile net income to net cash provided
    		                                    
      by operating activities:
    		                                    
      gain on real estate investment sales
    		                0   0 0 0 -689,000              
      casualty loss
    		                                    
      distributions from retained earnings of unconsolidated
    		                                    
      real estate entities
    		                13,362,000 13,273,000 13,252,000 11,936,000 11,874,000                
      foreign currency exchange loss
    		                13,446,000 25,440,000 5,566,000  3,665,000 -8,632,000 10,954,000     2,348,000       49,204,000 34,843,000 
      net cash from operating activities
    		                537,192,000 506,244,000 459,083,000 465,296,000 515,326,000 523,734,000 440,980,000 434,532,000 472,035,000 456,843,000 369,191,000 330,709,000 279,490,000 294,659,000 326,329,000 317,645,000 264,819,000 296,102,000 292,490,000 233,122,000 
      capex
    		                0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
      free cash flows
    		                537,192,000 506,244,000 459,083,000 465,296,000 515,326,000 523,734,000 440,980,000 434,532,000 472,035,000 456,843,000 369,191,000 330,709,000 279,490,000 294,659,000 326,329,000 317,645,000 264,819,000 296,102,000 292,490,000 233,122,000 
      construction in process
    		                -75,938,000 -93,580,000 -70,964,000 -79,504,000 -55,414,000 -67,023,000 -67,975,000 -68,951,000 -59,442,000 -37,429,000 -62,656,000 -25,517,000 -997,000 -2,421,000 -6,212,000 -6,444,000 -4,087,000 -3,488,000 -3,517,000 -4,854,000 
      distributions in excess of retained earnings from
    		                                    
      unconsolidated real estate entities
    		                   0 0                
      net cash from investing activities
    		                -151,775,000 -127,281,000 -118,141,000 -261,167,000 -167,764,000 -125,117,000 -162,678,000 -154,019,000 -98,112,000 -93,827,000 -94,147,000 173,069,000 -54,295,000 20,904,000 91,999,000 90,269,000 -284,527,000 -55,139,000 -78,700,000 -106,203,000 
      issuance of notes payable
    		                                    
      distributions paid to public storage shareholders
    		                -409,610,000 -409,653,000 -408,334,000 -406,995,000 -369,718,000 -371,710,000 -357,335,000 -353,705,000 -355,693,000 -355,770,000 -305,863,000 -294,226,000 -243,243,000 -213,998,000 -218,635,000 -220,108,000 -193,505,000 -193,178,000 -194,430,000 -173,135,000 
      net cash from financing activities
    		                -49,389,000 -141,435,000 -403,788,000 -77,472,000 -550,543,000 -444,545,000 -76,266,000 -212,506,000 -358,481,000 -495,105,000 -309,513,000 -421,909,000 256,117,000 -336,634,000 -401,449,000 -408,939,000 -291,524,000 -200,778,000 -459,081,000 -169,861,000 
      net increase in cash and cash equivalents
    		                336,028,000 237,528,000 -62,846,000   -45,928,000 202,036,000 68,007,000 15,442,000 -132,089,000 -34,469,000 81,869,000 481,312,000        
      net effect of foreign exchange translation on cash and cash equivalents
    		                -61,000 -121,000 17,000 -182,000 70,000       74,000         
      cash and cash equivalents at the beginning of the period
    		                0 0 183,688,000 0 0 0 104,285,000 0 0 0 187,712,000 19,169,000 139,008,000  0 0 456,252,000 0 0 763,789,000 
      cash and cash equivalents at the end of the period
    		                335,967,000 237,407,000 120,859,000 126,475,000 -202,911,000 -45,581,000 305,705,000 68,617,000 15,412,000 -132,541,000 152,797,000 101,112,000 620,079,000  16,246,000 -618,000 145,105,000 39,143,000 -245,646,000 719,982,000 
      issuance of senior unsecured notes
    		                   0 0                
      shared-based compensation expense
    		                                    
      disposition of portion of loan receivable from
    		                                    
      shurgard europe
    		                                    
      repayments of loan receivable from shurgard europe
    		                                    
      repayments on bank credit facility
    		                           -50,100,000         
      repayments on term loan
    		                           -328,000,000         
      net decrease in cash and cash equivalents
    		                              16,879,000 -1,025,000 -311,232,000 40,185,000 -245,291,000 -42,942,000 
      borrowings on bank credit facility
    		                                    
      cash paid upon vesting in lieu of issuing common shares
    		                     -267,000 -13,037,000              
      distributions received from unconsolidated real estate
    		                                    
      entities less than equity in earnings
    		                      -2,413,000 -5,025,000 -2,914,000 716,000 -8,019,000          
      net effect of foreign exchange translation on cash and
    		                                    
      cash equivalents
    		                      -616,000 610,000 -30,000 -452,000 -446,000          
      gain on real estate sales
    		                       0 -343,000 -16,688,000 -1,472,000          
      investment in unconsolidated real estate entities
    		                                    
      proceeds from sale of real estate facilities
    		                       0 1,084,000 4,692,000 9,237,000          
      disposition of portion of loan receivable from shurgard europe
    		                           216,217,000         
      borrowings (repayments) on bank credit facility
    		                                    
      adjustments to reconcile net income to net cash from operating activities:
    		                                    
      distributions received from unconsolidated real estate entities less than equity in earnings
    		                           -1,728,000         
      acquisition of real estate facilities and intangibles
    		                                    
      gain on real estate sales, including amounts in discontinued operations
    		                                    
      depreciation and amortization, including amounts in discontinued operations
    		                            86,938,000 89,830,000 90,956,000 89,186,000 88,553,000 92,648,000 85,205,000 84,886,000 
      distributions received from unconsolidated real estate entities (less than) in excess of equity in earnings
    		                                    
      gain on real estate sales and debt retirement, including amounts in discontinued operations
    		                             -7,739,000       
      asset impairment charges
    		                                   1,008,000 
      distributions received from unconsolidated real estate entities in excess of equity in earnings
    		                                    
      capital improvements to real estate facilities
    		                            -14,278,000 -12,751,000 -12,734,000 -32,418,000 -11,874,000 -31,626,000 -32,190,000 -4,812,000 
      acquisition of real estate facilities and property intangibles
    		                            -41,970,000 -16,340,000 -26,527,000 -8,165,000 -26,196,000    
      proceeds from sales of other real estate investments
    		                             8,682,000 4,353,000 -51,000 451,000 4,689,000 9,821,000 932,000 
      loans to unconsolidated real estate entities
    		                                    
      repayments of loans receivable from unconsolidated real estate entities
    		                                    
      disposition of loans receivable from unconsolidated real estate entities
    		                                    
      acquisition of investments in unconsolidated real estate entities
    		                                    
      maturities of marketable securities
    		                                    
      other investing activities
    		                            2,950,000 627,000 -3,304,000 3,445,000 396,000 -5,239,000 12,032,000 -2,221,000 
      principal payments on notes payable
    		                            -24,884,000 -19,944,000 -27,598,000 -21,278,000 -105,535,000 -2,394,000 -53,216,000 -1,965,000 
      net proceeds from the issuance of common shares
    		                            9,722,000 10,688,000 2,755,000 1,600,000 11,373,000 10,387,000 14,393,000 11,822,000 
      issuance of cumulative preferred shares
    		                            893,170,000 0 471,963,000   0   
      redemption of cumulative preferred shares
    		                            -356,687,000 -105,000,000       
      acquisition of redeemable noncontrolling interests
    		                                    
      acquisition of permanent noncontrolling interests
    		                            -322,000 -6,303,000       
      net effect of foreign exchange translation on cash
    		                            -241,000 -654,000 -633,000 407,000 85,000 -1,042,000 -355,000 -865,000 
      loss on real estate sales and debt retirement, net, including amounts in discontinued operations
    		                                    
      distributions received from unconsolidated real estate entities in excess of (less than) equity in earnings of unconsolidated real estate entities
    		                            1,957,000        
      proceeds from repayments of loans receivable from unconsolidated real estate entities
    		                                    
      acquisition of redeemable noncontrolling interests in subsidiaries
    		                            -19,900,000        
      asset impairment charges, including amounts in discontinued operations
    		                             0    0   
      distributions received from unconsolidated real estate entities (less than) in excess of equity in earnings of unconsolidated real estate entities
    		                                    
      proceeds from disposition of loan receivable from unconsolidated real estate entities
    		                                    
      net sales (purchases) of marketable securities
    		                             0 49,000 0 102,230,000    
      repurchases of senior unsecured notes payable
    		                                    
      redemption of equity shares, series a
    		                                    
      cash and cash equivalents at the beginning of the year
    		                                    
      cash and cash equivalents at the end of the year
    		                                    
      distributions received from real estate entities in excess of equity in earnings of real estate entities
    		                              -2,795,000      
      loans to real estate entities
    		                              0      
      proceeds from repayments of loans receivable from real estate entities
    		                              136,374,000      
      proceeds from disposition of loan receivable from real estate entities
    		                              0      
      acquisition of investments in real estate entities
    		                              0      
      gain on disposition of real estate investments, including amounts in discontinued operations
    		                               70,000 55,000 -2,707,000 -4,713,000 -770,000 
      gain on early retirement of debt
    		                                 0   
      repurchases of cumulative preferred shares
    		                                 -9,200,000   
      repurchases of equity shares, series a
    		                                 0   
      acquisition of permanent noncontrolling equity interests
    		                                    
      distributions received from real estate entities (less than) in excess of equity in earnings of real estate entities
    		                                -820,000    
      loan to ps business parks
    		                                -121,000,000    
      loan to shurgard europe
    		                                -237,877,000    
      proceeds from repayments of loan receivable from shurgard europe
    		                                13,430,000    
      distributions paid to redeemable noncontrolling interests
    		                                -294,000 -296,000 -284,000 -304,000 
      distributions paid to permanent noncontrolling interests
    		                                -3,563,000    
      distributions received from real estate entities in excess of (less than) equity in earnings of real estate entities
    		                                 3,313,000 3,527,000 2,745,000 
      acquisition of real estate facilities and tenant intangibles
    		                                 -27,282,000   
      acquisition of common stock of ps business parks
    		                                    
      net purchases of marketable securities
    		                                    
      repurchases of permanent noncontrolling equity interests
    		                                    
      distributions paid to permanent noncontrolling equity interests
    		                                 -6,097,000 -5,394,000 -6,279,000 
      proceeds from repayment of loan receivable from shurgard europe
    		                                    
      purchases of marketable securities
    		                                  0 -95,248,000 
      redemption of senior unsecured notes payable
    		                                    
      impairment charge on intangible asset included in discontinued operations
    		                                    
      acquisition of real estate facilities
    		                                    
      proceeds from sales of real estate and other real estate investments
    		                                    
      proceeds from the disposition of interest in shurgard europe
    		                                    
      deconsolidation of shurgard europe
    		                                    
      investment in shurgard europe
    		                                    
      sale of real estate investments to affiliates
    		                                    
      issuance of secured note payable
    		                                    
      net repayments on bank credit facilities
    		                                    
      proceeds from borrowing on debt of existing european joint ventures
    		                                    
      net proceeds from the issuance of cumulative preferred shares
    		                                    
      repurchases of common shares
    		                                    
      repurchases of permanent noncontrolling interests
    		                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.