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Segment Information - Schedule of Financial Information of Business Segments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Segment Reporting Information [Line Items]      
Revenues $ 1,356,212 $ 1,308,454 $ 1,196,604
Operating expenses 708,147 674,701 607,708
Net operating income 666,140 634,958 619,703
Property management fees and other income 52,129 49,890 41,757
General and administrative expense (96,594) (89,418) (81,256)
Depreciation and amortization expense (224,444) (219,857) (209,050)
Gain on real estate transactions 18,075 1,205 30,807
Interest expense (168,626) (186,526) (178,436)
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (3,675) (4,742) (4,687)
Interest income 15,192 7,467 5,292
Equity in earnings and dividend income from unconsolidated real estate entities 22,361 11,274 14,452
Income tax expense (13,810) (11,308) (9,244)
Net income 517,582 451,123 447,080
Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 1,304,083 1,258,564 1,154,847
Operating expenses 387,109 365,426 317,402
Net operating income 916,974 893,138 837,445
Operating Segments | Self-Storage Operations      
Segment Reporting Information [Line Items]      
Revenues 1,157,522 1,130,177 1,039,340
Operating expenses 360,615 336,050 291,695
Net operating income 796,907 794,127 747,645
Operating Segments | Tenant Reinsurance      
Segment Reporting Information [Line Items]      
Revenues 146,561 128,387 115,507
Operating expenses 26,494 29,376 25,707
Net operating income $ 120,067 $ 99,011 $ 89,800