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v3.25.1

SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 USD ($) segment | Mar. 31, 2024 USD ($) segment
SEGMENT INFORMATION |  |
Number of operating segment | segment | 1 | 1
Total revenues | $ 273,036 | $ 261,406
Significant segment-level expenses (income): |  |
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
Self-storage segment |  |
SEGMENT INFORMATION |  |
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
Repairs 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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