Caculate the formulas above for each year.

Decmber 31, 2019 Decmber 31, 2018 $ $ 2,684,552 170,556 2,855,108 2,597,607 161,916 2,759,523 $ $ 762,416 50,736 512,918 62,146 45,641 1,433,857 709,739 47,344 483,646 104,712 32,542 1,377,983 $ $ 1 Public Storage Consolidated 2 Income Statements 3 As of December 31, 2020, December 31, 2019, and December 31, 2018 4 $s in the thousands, except per share amounts 5 6 Decmber 31, 2020 7 Revenues: 8 Self-storage Facilities $ 2,721,630 9 Ancillary Operations 193,438 10 Total Revenues $ 2,915,068 11 12 Expenses: 13 Self-Storage Cost of Operations 807,543 14 Ancillary Cost of Operations 59,919 15 Depreciation and Amortization 553,257 16 General and Administrative 83,199 17 Interest Expense 56,283 18 Total Expenses $ 1,560,201 19 20 Other Increases (Decreases) to Net Income: 21 Interest and Other Income 22,323 22 Equity in Earnings of Unconsolidated Real Estate Entities 80,497 23 Foreign Currency Exchange (Loss) Gain (97,953) 24 Gain on Sale of Real Estate 1,493 25 Gain Due to Shurgard Public Offering 26 Net Income S 1,361,227 27 Allocation to Noncontrolling Interests (4,014) 28 Net Income Allocable to Public Storage Shareholders $ 1,357,213 29 Allocation og Net Income to: 30 Preferred Shareholders - distributions (207,068) 31 Preferred Shareholders - redemptions (Note 8) (48,265) 32 Restricted Share Units (3,545) 33 Net Income Allocable to Common Shareholders $ 1,098,335 34 Net Income Per Common Share: 35 Basic $ 6.29 36 Diluted $ 6.29 37 38 Basic Weighted Average Common Shares Outstanding 174,494 39 Diluted Weighted Average Common Shares Outstanding 174,642 40 Treasure Stock 148 41 Victorial Inco Custamente Victorical Palanca Shootr. 26,683 69,547 7,829 341 24,552 103,495 18,117 37,903 151,616 1,717,223 (6,192) 1,711,031 $ $ 1,525,651 (5,117) 1,520,534 $ (216,316) (210,179) (32,693) (4,895) 1,272,767 (5,815) 1,488,900 $ $ $ $ $ 7.30 7.29 8.56 8.54 $ 174,287 174,530 243 173,969 174,297 328 Victorical statementfachelowe Stranaco D E F Decmber 31, 2019 Decmber 31, 2018 $ 409,743 $ 361,218 4,186,873 12,102,273 16,289,146 (6,623,475) 9,665,671 141,934 9,807,605 4,047,982 11,248,862 15,296,844 (6,140,072) 9,156,772 285,339 9,442,111 $ $ 767,816 205,936 174,344 11,365,444 783,988 209,856 131,097 10,928,270 $ $ $ 1,902,493 $ 1,412,283 383,284 2,285,777 371259 1,783,542 $ B 4 (Amounts in Thousands, Except Share Data) 5 6 Decmber 31, 2020 7 Assets: 8 Cash and Equivalents $ 257,560 9 Real Estate Facilities, at Cost: 10 Land 4,375,588 11 Buildings 12,997,039 12 17,372,627 13 Accumulated Depreciation (7,152,135) 14 10,220,492 15 Contruction in Process 188,079 16 $ 10,408,571 17 18 Investments in Unconsolidated Real Estate Entities 773,046 13 Goodwill and Other Intangible Assets, Net 204,654 20 Other Assets 172,715 21 Total Assets $ 11,816,546 22 23 24 Liabilities and Equity: 25 Notes Payable $ 2,544,992 26 Preferred Shares Called for Redemption (Note 8) 300,000 27 Accrued and Other Liabilities 394,655 28 Total Liabilities 3,239,647 29 30 Commitments and Contingencies (Note 13) 31 32 Equity: Par Value, 100,000,000 Shares Authorized 157,700 Shares Issued (In Series) and Outstanding. (162,600 at December 31, 2019). at Liquidation Public Storage Shareholders' Equity Preference Preferred Shares. $0.01 Par Value, 100,000,000 3,792,500 34 Shares Authorized 35 Common Shares, $0.10 Par Value, 650,000,000 Shares Authorized, 174,581,742 Shares Issued and Outstanding (174,418,615 Shares at 36 December 31, 2019) Common Shares. $0.10 Par Value, 650,000,000 17.458 37 Shares Authorized Paid-In Capital 5,707,101 39 Accumulated Deficit (914,791) 40 Accumulated Other Comprehensive Loss (43,401) 41 Total Public Storage Shareholders' equity 8,558,867 42 Noncontrolling 18,032 43 Total Equity 8,576,899 44 Total Liabilities and Equity 11,816,546 Par Value, 100,000,000 Shares Authorized, 157,700 Shares Issued (In Series) and Outstanding. (162,600 at December 31, 2019). at Liquidation Preference Preferred Shares, $0.01 Par Value, 100,000,000 Shares Authorized 161,000 Shares Issued (In Series) and outstanding. (161,000 at December 31, 2017), at Liquidation Preference 4,065,000 4,025,000 Common Shares, $0.10 Par Value, 650,000,000 Shares Authorized 174,581,742 Shares Issued and Outstanding (174,418,615 Shares at December 31, 2019) Common Shares, $0.10 Par Value, 650,000,000 Shares Authorized, 174,130,881 Shares Issued and Outstanding (173,853,370 Shares at December 31, 2017) 17,442 17,413 5,710,934 (665,575) (64,890 9,062,911 16,756 9,079,667 11,365,444 5,718,485 (577,360) (64,060) 9,119,478 25.250 9,144,728 10,928,270 $ Photos 2021 09 044.png Photos 2021 09 04 (5.png See all photos + Add to See all photos + Add to Z Decmber 21, 2019 Deember 31, 2018 1535 Titud 16.62 TUL 126 To : 1 $ 1717.223 120528 49 549 171.631 113 (341) 52.978 169.547) 115155 (97993 48345 1103485 8054 $ 1955 $ 122 089 Restricted 73.259 17 809 25.830 7680 341583 TARI 109.754 (BV 63.936 1577 ( 4F3.743 23.811 1 1 3 22.301 UT 22.577 15503 SERG 1 3 $ $ 1182.303) 1284.6.21 (4317) 1140.90 13450 1181020 9192 257560 SO 282.600 409 743 23 B11 43354 361218 22 B01 384 D9 $ $ 11630 Decmber 31, 2020 Cash Flows from Marting Activities Net Income 1361227 Austrante la Francis Net Incornio Net Cash Flowe from Upersting Activities 10 Gain Due to Shurged Publio Orfering TI Ganon Poweredt Sales 114931 t2 Deprecision and Amersion 583257 Eivin Earrings of Urried Red Extra 1804971 Debulion from Cumulative Equity in Esminge of Uliced Real Estate Erities 72.13 5 Foreign Currency Exchange Lassan 9796 18 Sur-Based Compensation Experte 35 T7 Oh 6981 ta Total Adjustments 581 Nel Cash Flows fram Operwing Activities 2 21 Cash Flows from Investing Activities: 22 Cobitel Expenditures to Maintain Real Estate Faciles Den anarinn of Real Estate 12 4131 Acquisition of Real Estate Facilities and intangible Ass (re Disariation in Excess of Camlodie Eqiyin Eergshrom Uncondeid Has Ease Enes 24 9 Hep Nole Heceivables 2.3 -22 Prost from Sale of Ped Estabeled 1795 Her Dash Homs Usedin investig Acties Cash Flows from Financing Achivios Fun Paul 12.000 22 Issurse of a Pabla Mat of losure Cools 5.5.61 33 l of Pured 1208 206 Isa of Common Shares 661 Rudencion al Preferred 11 220 000 Cech Ped Upon Vecting of Recticed Shore Unies 1151 32 Acquisional Noncoolingir 1331 Contributions by Norcooling Interest Disin paid to Preferred Shareholders, Coman 39 Sweholders and Restricted Shore Unitholders 11506,421 0 Distributions Padlo Minor rolling Interests 15201 21 Neah Flows Used in Financing Advies Nel Chosen from Dairesing, and 4 Freigabes 30 Net Effect of Foreign Exchange moet on cash and Ecuadrosti Cash C331 De in China, India 6 | Tinh Tr 5041 752 188.21 , mee FB Fanan sinal w88 8 my mW R 88 m www.ss3} % % 40 Digiborsado Vocentoling herests 41 Net Cash Flows Usinnaning Active NetCash Flowe(uned from singing and 43 Finding Net Effect or Fin Esche moncachord 44 Einsirodo sich CA Arsin Cached Episode Idating 45 Restricted Cal $ 46 47 Cash and Equivalents. Including Restricted 4 Cash Beginning of the Period + Cash and Equ valer 50 Reteted an included in Cherstel 51 1 Cash and Equivalents, including Restricted 62 Cash Erdofthu Puri Castle 54 Rested candied in Cher 1 Supplemental Schedule of Non-Cash Investing 57 and Financing Activities Costa loured During the Period Pemaining Ungecat a PodEnd For Caits Expenditures to Marine Ewolwilles ! 61 Constuction Expansion of Real Estate Face Accredord Oherubies 4 Heslolle locuredir Exchange for Assumpond au 65 Lisbility Assumed in Comedian with equition of Peel Noles Poble Assumes in Cowhowhun 8 Este Preferred Shes Called for Fedemphion and 87 Fucilius Preferred Shres Clied for Famion and 18 Rockfied Equily TO Other Disclosures 71 T2 Foreign Currency Translation Adjustment T3 Real Estate Facilities, Neck Accumded Deprecision 70 nordic Elle Erobe 75 Notes Payable 13 Computerie Sin 15 Erding Cash Adare 54,84 1515.1 # 1. 132.39 1210 116 13235 $ 1784 111422 8157 : 1 12525 1920) 456.300 105956 33.564 (L050 000 12.1621 ( 25.000 4MB 13099 3.799 (12.347 1:20 1817 300.000 300.000 (1608,749) 16.672) TL07351 (1612, BD 17.07 Tai 49,548 (71853 2) 121403) U 17342) 6999 21489 1192 19 $ 49.535 102034 10.40371 SUTE 9.42 111 1 Type here to search O Et 79F Sunny A 4 5:54 PM 9/4/2021 A B D 1 2 3 4 Public Storage Historical Ratios As of December 31, 2020, December 31, 2019, and December 31, 2018 5 6 Public Storage, 2020 Public Storage, 2019 Public Storage, 2018 7 8 Liquidity Ratios 9 Current Ratio 10 Quick Ratio 11 12 Leverage Ratios 13 Debt to Total Assets Ratio 14 Debt Equity Ratio 15 Long-Term Debt to Equity 16 Times Interest Earned Ratio 17 18 Activity Ratios 19 Inventory Turnover 20 Fixed Assets Turnover 21 Total Assets Turnover 22 Accounts Receivable Turnover 23 Average Collection Period 24 25 Profitability Ratios 26 Gross Profit Margin 27 Operating Profit Margin 28 Net Profit Margin 29 Return on Total Assets (ROA) 30 Return on Stockholders' equity (ROE) 31 Earnings Per Share (EPS) 32 Price Earnings Rati 33 34 35 36