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STORAGE PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2024

STORAGE PROPERTIES

Summary of real estate assets

​

​	​	​	​	​	​	​	​
​	​	March 31,		​	December 31,		​
​		2024			2023		​
​	​	(in thousands)					​
Land	​	$	1,599,314	​	$	1,594,742	​
Buildings and improvements	​		5,542,740	​		5,517,544	​
Equipment	​		141,954	​		144,372	​
Construction in progress	​		71,635	​		69,010	​
Right-of-use assets - finance leases	​	​	41,945	​	​	41,945	​
Storage properties	​		7,397,588	​		7,367,613	​
Less: Accumulated depreciation	​		(1,458,854)	​		(1,416,377)	​
Storage properties, net	​	$	5,938,734	​	$	5,951,236	​

Schedule of acquisitions and dispositions of real estate assets

​

The following table summarizes the Company’s acquisition and disposition activity since January 1, 2023.

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​		Number of		Transaction Price
Asset/Portfolio	​	Metropolitan Statistical Area	​	Transaction Date	​	Stores	​	(in thousands)		​
​	​	​	​	​	​	​	​	​	​	​
2024 Acquisitions:	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Connecticut Assets	​	Hartford-West Hartford-East Hartford, CT	​	January 2024	​	2	​	$	20,200	​
​	​	​	​	​	​	2	​	$	20,200	​
​	​	​	​	​	​	​	​	​	​	​
2023 Acquisition:	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
New Jersey Asset	​	New York-Northern New Jersey-Long Island, NY-NJ-PA	​	December 2023	​	1	​	$	22,000	​
​	​	​	​	​	​	1	​	$	22,000	​
​	​	​	​	​	​	​	​	​	​	​
2023 Disposition:	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Illinois Asset (1)	​	Chicago-Naperville-Joliet, IL-IN-WI	​	December 2023	​	1	​	$	8,000	​
​	​	​	​	​	​	1	​	$	8,000	​

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