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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Summary Of Segment Information

The following table reconciles NOI and net income attributable to our reportable segment to our consolidated net income:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
			(amounts in thousands)
Self-Storage Operations Reportable Segment
Revenue			$	1,027,374					$	840,510					$	2,917,675					$	2,333,850
Cost of operations			(255,470)						(216,999)						(738,953)						(631,699)
Net operating income			771,904						623,511						2,178,722						1,702,151
Depreciation and amortization			(220,772)						(188,552)						(661,608)						(508,139)
Net income			551,132						434,959						1,517,114						1,194,012
Ancillary Operations
Revenue			60,757						54,421						175,946						157,658
Cost of operations			(21,572)						(19,735)						(54,297)						(52,044)
Net operating income			39,185						34,686						121,649						105,614
Total net income allocated to segments			590,317						469,645						1,638,763						1,299,626
Other items not allocated to segments:
General and administrative			(29,501)						(31,682)						(81,401)						(78,996)
Interest and other income			12,736						3,356						26,394						9,321
Interest expense			(34,113)						(23,736)						(100,178)						(60,980)
Equity in earnings of unconsolidated real estate entities			8,180						32,860						100,129						81,382
Foreign currency exchange gain			100,170						40,906						237,270						73,584
Gain on sale of real estate			1,503						279						1,503						13,683
Gain on sale of equity investment in PS Business Parks, Inc.			2,128,860						—						2,128,860						—
Net income			$	2,778,152					$	491,628					$	3,951,340					$	1,337,620

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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