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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule 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,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
| (amounts in thousands)
Self-Storage Operations Reportable Segment |  |  |  |  |  |  |  |  |
Revenue | $ | 1,078,721 |  |  | $ | 1,027,374 |  |  | $ | 3,167,025 |  |  | $ | 2,917,675 |  |  |
Cost of operations | (267,785) |  |  | (255,470) |  |  | (794,078) |  |  | (738,953) |  |  |
Net operating income | 810,936 |  |  | 771,904 |  |  | 2,372,947 |  |  | 2,178,722 |  |  |
Depreciation and amortization | (238,748) |  |  | (220,772) |  |  | (682,531) |  |  | (661,608) |  |  |
Net income | 572,188 |  |  | 551,132 |  |  | 1,690,416 |  |  | 1,517,114 |  |  |
Ancillary Operations |  |  |  |  |  |  |  |  |
Revenue | 65,099 |  |  | 60,757 |  |  | 190,797 |  |  | 175,946 |  |  |
Cost of operations | (21,159) |  |  | (21,572) |  |  | (63,037) |  |  | (54,297) |  |  |
Net operating income | 43,940 |  |  | 39,185 |  |  | 127,760 |  |  | 121,649 |  |  |
Total net income allocated to segments | 616,128 |  |  | 590,317 |  |  | 1,818,176 |  |  | 1,638,763 |  |  |
Other items not allocated to segments: |  |  |  |  |  |  |  |  |
General and administrative | (28,625) |  |  | (29,501) |  |  | (79,603) |  |  | (81,401) |  |  |
Interest and other income | 32,295 |  |  | 12,736 |  |  | 69,381 |  |  | 26,394 |  |  |
Interest expense | (58,350) |  |  | (34,113) |  |  | (132,530) |  |  | (100,178) |  |  |
Equity in earnings of unconsolidated real estate entities | 7,227 |  |  | 8,180 |  |  | 22,787 |  |  | 100,129 |  |  |
Foreign currency exchange gain | 47,880 |  |  | 100,170 |  |  | 19,924 |  |  | 237,270 |  |  |
Gain on sale of real estate | 88 |  |  | 1,503 |  |  | 88 |  |  | 1,503 |  |  |
Gain on sale of equity investment in PS Business Parks, Inc. | — |  |  | 2,128,860 |  |  | — |  |  | 2,128,860 |  |  |
Net income | $ | 616,643 |  |  | $ | 2,778,152 |  |  | $ | 1,718,223 |  |  | $ | 3,951,340 |  |  |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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