| Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|
| Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
|---|
| Property rental | 2,803.25 | 2,222.58 | 1,654.74 | 1,340.99 | 1,157.52 | 1,130.18 | 1,039.34 | 967.23 | 864.74 | 676.14 |
| Management and franchise fees | 120.86 | 101.99 | 83.90 | 66.26 | 52.13 | 49.89 | 41.76 | 39.38 | 39.84 | 34.16 |
| Development fees | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Other Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tenant insurance | 332.80 | 235.68 | 185.53 | 170.11 | 146.56 | 128.39 | 115.51 | 98.40 | 87.29 | 71.97 |
| Total Revenues | 3,256.90 | 2,560.24 | 1,924.17 | 1,577.36 | 1,356.21 | 1,308.45 | 1,196.60 | 1,105.01 | 991.88 | 782.27 |
| Unrecovered development and acquisition costs | -- | -- | -- | -- | -- | -- | -- | -- | 12.11 | 69.40 |
| Property operations | 831.57 | 612.04 | 435.34 | 368.61 | 360.62 | 336.05 | 291.70 | 271.97 | 250.01 | 203.97 |
| Tenant insurance | 73.89 | 58.87 | 33.56 | 29.49 | 26.49 | 29.38 | 25.71 | 19.17 | 15.56 | 13.03 |
| Depreciation and amortization | 783.02 | 506.05 | 288.32 | 241.88 | 224.44 | 219.86 | 209.05 | 193.30 | 182.56 | 133.46 |
| General and administrative | 167.40 | 146.41 | 129.25 | 102.19 | 96.59 | 89.42 | 81.26 | 78.96 | 81.81 | 67.76 |
| Severance costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Transaction related costs | -- | -- | (1.55) | -- | -- | -- | -- | -- | -- | -- |
| Loss on sublease | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on real estate transactions and impairment of real estate | (25.91) | -- | 14.25 | 140.76 | 18.08 | 1.21 | 30.81 | -- | -- | -- |
| Life Storage Merger transition costs | -- | (66.73) | -- | -- | -- | -- | -- | -- | -- | -- |
| Impairment of Life Storage trade name | (51.76) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| TOTAL OPERATING EXPENSE | 1,855.87 | 1,390.10 | 888.02 | 742.17 | 708.15 | 674.70 | 607.71 | 563.40 | 542.04 | 487.61 |
| Operating Income (loss) | 1,323.36 | 1,170.14 | 1,050.40 | 975.95 | 666.14 | 634.96 | 619.70 | 541.61 | 449.84 | 294.66 |
| Interest expense | 551.35 | 419.04 | 219.17 | 166.18 | 168.63 | 186.53 | 178.44 | 153.51 | 133.48 | 95.68 |
| Non-cash interest expense related to amortization of discount on exchangeable senior notes | 43.72 | 18.79 | -- | -- | 3.68 | 4.74 | 4.69 | 5.10 | 4.98 | 3.31 |
| Impairment of investments available-for-short | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of real estate assets | -- | -- | -- | -- | -- | -- | -- | 112.79 | 8.47 | 1.50 |
| Loss on sale of investments available for sale | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in earnings of real estate ventures | -- | -- | -- | 6.25 | -- | -- | 14.45 | 15.33 | 12.90 | 12.35 |
| Equity in earnings of unconsolidated real estate ventures - gain on purchase of joint venture partners’ interests | 67.27 | 54.84 | 41.43 | 32.36 | 22.36 | 11.27 | -- | -- | 69.20 | 2.86 |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | 13.73 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest income | 124.42 | 84.86 | 69.42 | 49.70 | 15.19 | 7.47 | 5.29 | 3.80 | 6.15 | 3.46 |
| Interest income on note receivable from Preferred Operating Partnership unit holder | -- | -- | -- | -- | -- | -- | -- | 2.94 | 4.85 | 4.85 |
| Loss on debt extinguishments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fair value adjustment of obligation associated with Preferred Operating Partnership units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on repurchase of exchangeable senior notes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property casualty loss, net | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Income before income tax expense | 933.71 | 872.01 | 942.08 | 898.08 | 531.39 | 462.43 | 456.32 | 517.85 | 412.94 | 220.68 |
| Income tax expense | 33.48 | 21.56 | 20.93 | 20.32 | 13.81 | 11.31 | 9.24 | 3.63 | 15.85 | 11.15 |
| Minority interest - Operating Partnership | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest-Fidelity preferred return | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interests - other | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of real estate assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) | 900.23 | 850.45 | 921.16 | 877.76 | 517.58 | 451.12 | 447.08 | 514.22 | 397.09 | 209.54 |
| Net (income) loss allocated to Operating Partnership and other noncontrolling interests | 38.29 | 38.24 | 42.85 | 35.41 | 22.92 | 18.66 | 17.80 | 20.22 | 16.26 | 8.34 |
| Net income allocated to Preferred Operating Partnership noncontrolling interests | 7.26 | 9.01 | 17.62 | 14.70 | 12.88 | 12.49 | 14.00 | 14.99 | 14.70 | 11.72 |
| Preferred return on ClassB, C, and E units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Loss on early redemption of Fidelity minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed distribution paid to Preferred Operating Partnership unit holder | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Earnings and dividends allocated to participating securities | 1.50 | 1.23 | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) attributable to common stockholders | 853.19 | 801.97 | 860.69 | 827.65 | 481.78 | 419.97 | 415.29 | 479.01 | 366.13 | 189.47 |
| Net income (loss) per common share - Basic | 4.03 | 4.74 | 6.41 | 6.20 | 3.71 | 3.27 | 3.29 | 3.79 | 2.92 | 1.58 |
| Net income (loss) per common share - Diluted | 4.03 | 4.74 | 6.41 | 6.19 | 3.71 | 3.24 | 3.27 | 3.76 | 2.91 | 1.56 |
| Weighted average number of shares - Basic | 211.58 | 169.22 | 134.05 | 133.38 | 129.54 | 128.20 | 126.09 | 125.97 | 125.09 | 119.82 |
| Weighted average number of shares - Diluted | 211.58 | 169.22 | 141.68 | 140.02 | 129.59 | 136.43 | 133.16 | 134.16 | 125.95 | 126.92 |
| Funds From operations | 1,677.16 | 1,352.14 | 1,198.81 | 973.97 | 722.49 | 667.89 | 622.98 | 590.15 | 494.67 | 331.34 |