XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.25.4

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
SEGMENT INFORMATION |
Schedule the revenues and significant segment-level expenses of the self-storage segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, | ​
​ | ​ | 2025 | ​ | 2024 | ​ | 2023 | ​
​ | ​ | (in thousands) | ​
Total revenues | ​ | $ | 1,123,110 | ​ | ​ | $ | 1,066,231 | ​ | ​ | $ | 1,050,334 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Significant segment-level expenses (income): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property taxes | ​ |  | 117,313 | ​ | ​ | ​ | 106,090 | ​ | ​ | ​ | 97,650 | ​
Personnel expense | ​ |  | 94,988 | ​ | ​ | ​ | 87,418 | ​ | ​ | ​ | 80,469 | ​
Advertising | ​ | ​ | 30,297 | ​ | ​ | ​ | 26,000 | ​ | ​ | ​ | 24,508 | ​
Repair and maintenance | ​ | ​ | 13,904 | ​ | ​ | ​ | 11,592 | ​ | ​ | ​ | 10,919 | ​
Utilities | ​ | ​ | 25,255 | ​ | ​ | ​ | 24,505 | ​ | ​ | ​ | 24,104 | ​
Property insurance | ​ | ​ | 14,848 | ​ | ​ | ​ | 15,377 | ​ | ​ | ​ | 13,085 | ​
Other property operating expenses | ​ | ​ | 54,800 | ​ | ​ | ​ | 46,768 | ​ | ​ | ​ | 44,045 | ​
Total property operating expenses | ​ | ​ | 351,405 | ​ | ​ | ​ | 317,750 | ​ | ​ | ​ | 294,780 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 258,151 | ​ | ​ | ​ | 205,703 | ​ | ​ | ​ | 201,238 | ​
General and administrative | ​ | ​ | 64,655 | ​ | ​ | ​ | 59,663 | ​ | ​ | ​ | 57,041 | ​
Interest expense on loans | ​ | ​ | 114,099 | ​ | ​ | ​ | 90,820 | ​ | ​ | ​ | 93,065 | ​
Loan procurement amortization expense | ​ | ​ | 4,972 | ​ | ​ | ​ | 4,067 | ​ | ​ | ​ | 4,141 | ​
Loss on early extinguishment of debt | ​ | ​ | 3,692 | ​ | ​ | ​ | — | ​ | ​ | ​ | — | ​
Equity in earnings of real estate ventures | ​ | ​ | (2,460) | ​ | ​ | ​ | (2,499) | ​ | ​ | ​ | (6,085) | ​
Other | ​ | ​ | (2,721) | ​ | ​ | ​ | (1,158) | ​ | ​ | ​ | (6,281) | ​
Net income | ​ | $ | 331,317 | ​ | ​ | $ | 391,885 | ​ | ​ | $ | 412,435 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration