Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 111

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 15
Chunk 111
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utions by noncontrolling interests— — — — — — 2,938 2,938 — Net income — — — 2,084,410 — 2,084,410 — 2,084,410 — Net income allocated to noncontrolling interests — — — (12,399)— (12,399)12,399 — — Reallocation of equity— — (7,380)— — (7,380)7,380 — — Distributions to:Preferred shareholders (Note 9)— — — (194,703)— (194,703)— (194,703)— Noncontrolling interests — — — — — — (15,437)(15,437)— Common shareholders, restricted share unitholders and unvested LTIP unitholders ($12.00 per share/unit) (Note 9)— — — (2,108,554)— (2,108,554)— (2,108,554)— Other comprehensive loss— — — — (4,726)(4,726)(13)(4,739)— Balances at December 31, 2024$4,350,000 $17,541 $6,116,113 $(699,083)$(71,965)$9,712,606 $101,046 $9,813,652 $— 

See accompanying notes.F-7

PUBLIC STORAGE

CONSOLIDATED STATEMENTS OF CASH FLOWS

 (Amounts in thousands)

For the Years Ended December 31, 202420232022Cash flows from operating activities:    Net income $2,084,410 $2,160,120 $4,366,274 Adjustments to reconcile net income to net cash flows from operating activities:Gain on sale of equity investment in PS Business Parks, Inc.— — (2,128,860)Gain on sale of real estate(1,537)(17,178)(1,503)Depreciation and amortization1,129,766 970,056 888,146 Equity in earnings of unconsolidated real estate entities(19,821)(27,897)(106,981)Distributions from cumulative equity in earnings of uncons