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v3.25.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
SEGMENT INFORMATION |
Schedule the revenues and significant segment-level expenses of the self-storage segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
​ | ​ | (in thousands)
Total revenues |  | $ | 282,303 |  | $ | 266,209 | ​ | $ | 555,339 |  | $ | 527,615
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Significant segment-level expenses (income): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property taxes | ​ | ​ | 30,087 | ​ | ​ | 26,686 | ​ | ​ | 60,266 | ​ | ​ | 54,048
Personnel expense | ​ | ​ | 22,404 | ​ | ​ | 23,576 | ​ | ​ | 43,784 | ​ | ​ | 44,668
Advertising | ​ | ​ | 9,986 | ​ | ​ | 8,424 | ​ | ​ | 14,407 | ​ | ​ | 12,016
Repair and maintenance | ​ | ​ | 3,184 | ​ | ​ | 3,245 | ​ | ​ | 6,048 | ​ | ​ | 5,806
Utilities | ​ | ​ | 5,758 | ​ | ​ | 5,554 | ​ | ​ | 12,427 | ​ | ​ | 11,911
Property insurance | ​ | ​ | 3,856 | ​ | ​ | 3,831 | ​ | ​ | 8,029 | ​ | ​ | 7,503
Other property operating expenses | ​ | ​ | 13,753 | ​ | ​ | 11,781 | ​ | ​ | 27,001 | ​ | ​ | 24,182
Total property operating expenses | ​ | ​ | 89,028 | ​ | ​ | 83,097 | ​ | ​ | 171,962 | ​ | ​ | 160,134
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 66,488 | ​ | ​ | 51,035 | ​ | ​ | 125,644 | ​ | ​ | 101,752
General and administrative | ​ | ​ | 14,897 | ​ | ​ | 14,622 | ​ | ​ | 30,965 | ​ | ​ | 30,247
Interest expense on loans | ​ | ​ | 29,090 | ​ | ​ | 22,767 | ​ | ​ | 55,190 | ​ | ​ | 45,686
Loan procurement amortization expense | ​ | ​ | 1,221 | ​ | ​ | 1,015 | ​ | ​ | 2,442 | ​ | ​ | 2,045
Equity in earnings of real estate ventures | ​ | ​ | (547) | ​ | ​ | (425) | ​ | ​ | (926) | ​ | ​ | (1,270)
Other | ​ | ​ | (306) | ​ | ​ | (88) | ​ | ​ | (1,115) | ​ | ​ | (23)
Net income | ​ | $ | 82,432 | ​ | $ | 94,186 | ​ | $ | 171,177 | ​ | $ | 189,044
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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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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