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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENT INFORMATION

Schedule the revenues and significant segment-level expenses of the self-storage segment


		Year Ended December 31,
		2024				2023				2022

		(in thousands)
Total revenues		$	1,066,231			$	1,050,334			$	1,009,624

Significant segment-level expenses (income):
Property taxes			106,090				97,650				98,186
Personnel expense			87,418				80,469				83,253
Advertising			26,000				24,508				22,432
Repair and maintenance			11,592				10,919				9,952
Utilities			24,505				24,104				24,080
Property insurance			15,377				13,085				10,054
Other property operating expenses			46,768				44,045				45,303
Total property operating expenses			317,750				294,780				293,260

Depreciation and amortization			205,703				201,238				310,610
General and administrative			59,663				57,041				54,623
Interest expense on loans			90,820				93,065				93,284
Loan procurement amortization expense			4,067				4,141				3,897
Equity in earnings of real estate ventures			(2,499)				(6,085)				(48,877)
Other			(1,158)				(6,281)				10,355
Net income		$	391,885			$	412,435			$	292,472