Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Information of Business Segments

Financial information for the Company’s business segments is set forth below:

	For the Three Months Ended March 31,
	2022		2021
Revenues:
Self-Storage Operations	$	379,808	$	303,593
Tenant Reinsurance	43,797		39,619
Total segment revenues	$	423,605	$	343,212
Operating expenses:
Self-Storage Operations	$	103,542	$	92,367
Tenant Reinsurance	7,042		7,161
Total segment operating expenses	$	110,584	$	99,528
Net operating income:
Self-Storage Operations	$	276,266	$	211,226
Tenant Reinsurance	36,755		32,458
Total segment net operating income:	$	313,021	$	243,684
Other components of net income:
Management fees and other income	$	19,957	$	15,645
General and administrative expense	(29,762)		(23,540)
Depreciation and amortization expense	(67,906)		(58,599)
Gain on real estate transactions	—		63,883
Interest expense	(42,538)		(40,695)
Interest income	18,989		12,304
Equity in earnings and dividend income from unconsolidated real estate entities	9,097		6,956
Income tax expense	(3,141)		(4,137)
Net income	$	217,717	$	215,501