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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summary Of Segment Information

The following table reconciles NOI (as applicable) and net income of each segment to our consolidated net income:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
			(amounts in thousands)
Self-Storage Segment
Revenue			$	840,510					$	683,949					$	2,333,850					$	2,022,692
Cost of operations			(216,999)						(209,179)						(631,699)						(637,229)
Net operating income			623,511						474,770						1,702,151						1,385,463
Depreciation and amortization			(188,552)						(138,333)						(508,139)						(411,851)
Net income			434,959						336,437						1,194,012						973,612
Ancillary Segment
Revenue			54,421						50,596						157,658						143,840
Cost of operations			(19,735)						(15,174)						(52,044)						(44,081)
Net operating income			34,686						35,422						105,614						99,759
Investment in PSB Segment (a) - Equity in earnings of unconsolidated entities			27,110						16,548						62,494						51,513
Investment in Shurgard Segment (a) - Equity in earnings of unconsolidated entities			5,750						4,692						18,888						11,350
Total net income allocated to segments			502,505						393,099						1,381,008						1,136,234
Other items not allocated to segments:
General and administrative			(31,682)						(18,262)						(78,996)						(53,234)
Interest and other income			3,356						7,192						9,321						18,976
Interest expense			(23,736)						(14,282)						(60,980)						(42,048)
Foreign currency exchange gain (loss)			40,906						(41,900)						73,584						(52,250)
Gain on sale of real estate			279						—						13,683						1,117
Net income			$	491,628					$	325,847					$	1,337,620					$	1,008,795

(a) See Note 4 for a reconciliation of these amounts to our total Equity in Earnings of Unconsolidated Real Estate Entities on our income statements.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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No definition available.

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