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Segment Information (Tables)

12 Months Ended

Dec. 31, 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:

															For the Years Ended December 31,
															2022						2021						2020
															(amounts in thousands)
Self-Storage Operations Reportable Segment
Revenue															$	3,946,028					$	3,203,566					$	2,721,630
Cost of operations															(980,209)						(852,030)						(807,543)
Net operating income															2,965,819						2,351,536						1,914,087
Depreciation and amortization															(888,146)						(713,428)						(553,257)
Net income															2,077,673						1,638,108						1,360,830
Ancillary Operations
Revenue															236,135						212,258						193,438
Cost of operations															(72,698)						(68,568)						(59,919)
Net operating income															163,437						143,690						133,519
Total net income allocated to segments															2,241,110						1,781,798						1,494,349
Other items not allocated to segments:
General and administrative															(114,742)						(101,254)						(83,199)
Interest and other income															40,567						12,306						22,323
Interest expense															(136,319)						(90,774)						(56,283)
Equity in earnings of unconsolidated real estate entities															106,981						232,093						80,497
Foreign currency exchange gain (loss)															98,314						111,787						(97,953)
Gain on sale of real estate															1,503						13,683						1,493
Gain on sale of equity investment in PS Business Parks, Inc.															2,128,860						—						—
Net income															$	4,366,274					$	1,959,639					$	1,361,227

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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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