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v3.25.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2025
SEGMENT INFORMATION |
Schedule the revenues and significant segment-level expenses of the self-storage segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2025 | ​ | 2024
​ | ​ | (in thousands)
Total revenues |  | $ | 273,036 |  | $ | 261,406
​ | ​ | ​ | ​ | ​ | ​ | ​
Significant segment-level expenses (income): | ​ | ​ | ​ | ​ | ​ | ​
Property taxes | ​ | ​ | 30,179 | ​ | ​ | 27,363
Personnel expense | ​ | ​ | 21,380 | ​ | ​ | 21,093
Advertising | ​ | ​ | 4,421 | ​ | ​ | 3,592
Repair and maintenance | ​ | ​ | 2,864 | ​ | ​ | 2,561
Utilities | ​ | ​ | 6,669 | ​ | ​ | 6,356
Property insurance | ​ | ​ | 4,173 | ​ | ​ | 3,672
Other property operating expenses | ​ | ​ | 13,248 | ​ | ​ | 12,400
Total property operating expenses | ​ | ​ | 82,934 | ​ | ​ | 77,037
​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 59,156 | ​ | ​ | 50,717
General and administrative | ​ | ​ | 16,068 | ​ | ​ | 15,625
Interest expense on loans | ​ | ​ | 26,100 | ​ | ​ | 22,919
Loan procurement amortization expense | ​ | ​ | 1,221 | ​ | ​ | 1,030
Equity in earnings of real estate ventures | ​ | ​ | (379) | ​ | ​ | (845)
Other | ​ | ​ | (809) | ​ | ​ | 65
Net income | ​ | $ | 88,745 | ​ | $ | 94,858
​ | ​ | ​ | ​ | ​ | ​ | ​
​

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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