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SEGMENT INFORMATION - Schedule of Financial Information of Business Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 819,997 $ 799,539
Net operating income    
Net operating income 388,730 335,828
Other components of net income:    
Management fees and other income 30,905 30,148
General and administrative expense (45,974) (43,722)
Depreciation and amortization expense (180,356) (196,966)
Gain on real estate assets held for sale and sold, net 35,761 0
Interest expense (142,399) (132,887)
Interest income 38,967 23,573
Equity in earnings and dividend income from unconsolidated real estate entities 19,931 15,007
Income tax expense (8,991) (6,742)
Net income 284,925 224,074
Unsecured senior notes    
Other components of net income:    
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes (11,313) (10,705)
Operating Segments    
Revenues    
Revenues 789,092 769,391
Operating expenses    
Total segment operating expenses 240,698 223,023
Net operating income    
Net operating income 548,394 546,368
Operating Segments | Self-Storage Operations    
Revenues    
Revenues 704,380 688,044
Operating expenses    
Payroll and benefits 43,746 43,399
Marketing 15,150 16,625
Office expense 34,994 29,454
Property operating expense 21,225 20,218
Repairs and maintenance 16,257 15,211
Property taxes 79,884 67,680
Insurance 8,432 8,245
Other segment items 3,894 3,686
Total segment operating expenses 223,582 204,518
Net operating income    
Net operating income 480,798 483,526
Operating Segments | Tenant Reinsurance    
Revenues    
Revenues 84,712 81,347
Operating expenses    
Other segment items 17,116 18,505
Net operating income    
Net operating income $ 67,596 $ 62,842