Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 139,008	$ 456,252
Marketable securities		102,279
Real estate facilities, at cost:
Land	2,811,515	2,789,227
Buildings	7,961,762	7,798,120
Real estate facilities, gross	10,773,277	10,587,347
Accumulated depreciation	(3,398,379)	(3,061,459)
Real estate facilities, net	7,374,898	7,525,888
Construction in process	4,299	6,928
Total real estate facilities	7,379,197	7,532,816
Investments in unconsolidated real estate entities	714,627	601,569
Goodwill and other intangible assets, net	209,833	216,725
Loan receivable from unconsolidated real estate entities	402,693	495,229
Other assets	87,204	90,463
Total assets	8,932,562	9,495,333
LIABILITIES AND EQUITY
Notes payable	398,314	568,417
Accrued and other liabilities	210,966	205,769
Total liabilities	609,280	774,186
Redeemable noncontrolling interests	12,355	12,213
Commitments and contingencies (Note 13)
Equity:
Cumulative Preferred Shares of beneficial interest, $0.01 par value, 100,000,000 shares authorized, 475,000 shares issued (in series) and outstanding, (486,390 at December 31, 2010), at liquidation preference	3,111,271	3,396,027
Common Shares of beneficial interest, $0.10 par value, 650,000,000 shares authorized, 170,238,805 shares issued and outstanding (169,252,819 shares at December 31, 2010)	17,024	16,927
Paid-in capital	5,442,506	5,515,827
Accumulated deficit	(259,578)	(236,410)
Accumulated other comprehensive loss	(23,014)	(15,773)
Total Public Storage shareholders' equity	8,288,209	8,676,598
Permanent noncontrolling interests	22,718	32,336
Total equity	8,310,927	8,708,934
Total liabilities and equity	$ 8,932,562	$ 9,495,333