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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net loss $ 38,266 $ 43,315
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 83,514 54,845
Non-cash portion of interest expense related to finance leases (18) 111
Equity in earnings of real estate ventures (294) (20)
Equity compensation expense 2,193 2,042
Accretion of fair market value adjustment of debt (269) (607)
Changes in other operating accounts:    
Other assets 4,085 (1,718)
Accounts payable and accrued expenses 1,911 (1,675)
Other liabilities 1,347 1,889
Net cash provided by operating activities 130,735 98,182
Investing Activities    
Acquisitions of storage properties (39,761)  
Additions and improvements to storage properties (7,755) (7,894)
Development costs (7,785) (10,932)
Investment in real estate ventures (5) (6,664)
Cash distributed from real estate ventures 3,025 4,958
Proceeds from sale of real estate, net 43,193  
Net cash used in investing activities (9,088) (20,532)
Proceeds from:    
Revolving credit facility 151,532 268,111
Principal payments on:    
Revolving credit facility (176,032) (333,111)
Mortgage loans and notes payable (611) (44,649)
Proceeds from issuance of common shares, net (123) 99,688
Cash paid upon vesting of restricted shares (1,038) (728)
Exercise of stock options 1,226 1,172
Distributions paid to noncontrolling interests in subsidiaries (2,033) (69)
Distributions paid to common shareholders (96,605) (67,368)
Distributions paid to noncontrolling interests in Operating Partnership (818) (933)
Net cash provided by financing activities (124,502) (77,887)
Change in cash, cash equivalents and restricted cash (2,855) (237)
Cash, cash equivalents and restricted cash at beginning of period 13,318 6,229
Cash, cash equivalents and restricted cash at end of period 10,463 5,992
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 24,725 23,534
Supplemental disclosure of noncash activities:    
Acquisitions of storage properties (700)  
Accretion of put liability 1,222 2,823
Derivative valuation adjustment $ 20 $ 20