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Condensed Consolidated Statement of Noncontrolling Interests and Equity - USD ($)
$ in Thousands
Total
Series D Units
Redemption of Operating Partnership units for cash
Redemption of Operating Partnership units for cash
Series B Units
Redemption Of Units For Common Stock
Redemption Of Units For Common Stock
Series A Units
Redemption Of Units For Common Stock
Series D Units
Noncontrolling Interest - Preferred Operating Partnership
Noncontrolling Interest - Preferred Operating Partnership
Series D Units
Noncontrolling Interest - Preferred Operating Partnership
Redemption of Operating Partnership units for cash
Series B Units
Noncontrolling Interest - Preferred Operating Partnership
Redemption Of Units For Common Stock
Series A Units
Noncontrolling Interest - Preferred Operating Partnership
Redemption Of Units For Common Stock
Series D Units
Noncontrolling Interest - Operating Partnership
Noncontrolling Interest - Operating Partnership
Redemption of Operating Partnership units for cash
Noncontrolling Interest - Operating Partnership
Redemption Of Units For Common Stock
Noncontrolling Interest - Other
Common stock
Common stock
Redemption Of Units For Common Stock
Common stock
Redemption Of Units For Common Stock
Series A Units
Common stock
Redemption Of Units For Common Stock
Series D Units
Additional Paid-in Capital
Additional Paid-in Capital
Redemption of Operating Partnership units for cash
Additional Paid-in Capital
Redemption Of Units For Common Stock
Additional Paid-in Capital
Redemption Of Units For Common Stock
Series A Units
Additional Paid-in Capital
Redemption Of Units For Common Stock
Series D Units
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balance, beginning of period at Dec. 31, 2021 $ 3,785,976             $ 259,110         $ 410,053     $ 317 $ 1,339       $ 3,285,948         $ (42,546) $ (128,245)
Balance, beginning of period (in shares) at Dec. 31, 2021                                 133,922,305                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of common stock in connection with share based compensation (in shares)                                 200,454                    
Issuance of common stock in connection with share based compensation 15,433                               $ 2       15,431            
Restricted stock grants cancelled (in shares)                                 (9,702)                    
Redemption of Operating Partnership units     $ (3,504) $ (4,500)           $ (4,500)       $ (1,125)               $ (2,379)          
Noncontrolling interest in consolidated joint ventures 338                             338                      
Operating Partnership units in conjunction with business combinations (in shares) 16,000 $ 6,000             $ 6,000       16,000                            
Issuance of Operating Partnership units in conjunction with acquisitions 125,000                       125,000                            
Issuance of common stock in conjunction with acquisitions (in shares)                                 186,766                    
Issuance of common stock in conjunction with acquisitions 40,963                               $ 2       40,961            
Repurchase of common stock, net of offering costs (in shares)                                 381,786                    
Repurchase of common stock, net of offering costs (63,008)                               $ (4)                   (63,004)
Net income 701,677             13,278         31,971                           656,428
Other comprehensive income (loss) 95,984             578         4,339                         91,067  
Distributions to Operating Partnership units held by noncontrolling interests (42,632)             (12,972)         (29,660)                            
Dividends paid on common stock (604,429)                                                   (604,429)
Balance, end of period at Sep. 30, 2022 4,069,298             261,494         556,578     655 $ 1,339       3,339,961         48,521 (139,250)
Balance, end of period (in shares) at Sep. 30, 2022                                 133,918,037                    
Balance, beginning of period at Dec. 31, 2021 $ 3,785,976             259,110         410,053     317 $ 1,339       3,285,948         (42,546) (128,245)
Balance, beginning of period (in shares) at Dec. 31, 2021                                 133,922,305                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Repurchase of common stock, net of offering costs (in shares) (381,786)                                                    
Repurchase of common stock, net of offering costs $ (63,008)                                                    
Balance, end of period at Dec. 31, 2022 $ 4,078,274             261,502         556,095     1,080 $ 1,339       3,345,332         48,798 (135,872)
Balance, end of period (in shares) at Dec. 31, 2022 133,921,020                               133,921,020                    
Balance, beginning of period at Jun. 30, 2022 $ 3,893,240             261,231         429,572     317 $ 1,339       3,334,317         25,555 (159,091)
Balance, beginning of period (in shares) at Jun. 30, 2022                                 133,900,184                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of common stock in connection with share based compensation (in shares)                                 19,654                    
Issuance of common stock in connection with share based compensation 5,644                                       5,644            
Restricted stock grants cancelled (in shares)                                 (1,801)                    
Noncontrolling interest in consolidated joint ventures 338                             338                      
Issuance of Operating Partnership units in conjunction with acquisitions 125,000                       125,000                            
Net income 236,126             4,454         10,953                           220,719
Other comprehensive income (loss) 24,222             145         1,111                         22,966  
Distributions to Operating Partnership units held by noncontrolling interests (14,394)             (4,336)         (10,058)                            
Dividends paid on common stock (200,878)                                                   (200,878)
Balance, end of period at Sep. 30, 2022 4,069,298             261,494         556,578     655 $ 1,339       3,339,961         48,521 (139,250)
Balance, end of period (in shares) at Sep. 30, 2022                                 133,918,037                    
Balance, beginning of period at Dec. 31, 2022 $ 4,078,274             261,502         556,095     1,080 $ 1,339       3,345,332         48,798 (135,872)
Balance, beginning of period (in shares) at Dec. 31, 2022 133,921,020                               133,921,020                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of common stock in connection with share based compensation (in shares)                                 144,640                    
Issuance of common stock in connection with share based compensation $ 19,433                               $ 2       19,431            
Taxes paid upon settlement of share based compensation (in shares)                                 (8,074)                    
Taxes paid upon net settlement of share based compensation (7,606)                                       (7,606)            
Restricted stock grants cancelled (in shares)                                 (6,983)                    
Redemption of Operating Partnership units         $ 0 $ (5,316) $ 0       $ (16,339) $ (22,064)     $ (163)       $ 8 $ 2     $ 163 $ 11,015 $ 22,062    
Redemption of Operating Partnership units (in shares)                                   2,119 851,698 154,307              
Life Storage Merger issuance of common stock and Operating Partnership units 11,602,808                       249,470       $ 762       11,352,576            
Life Storage Merger issuance of common stock and Operating Partnership units (in shares)                                 76,217,359                    
Noncontrolling interest in consolidated joint ventures $ 7,309                             7,309                      
Repurchase of common stock, net of offering costs (in shares) 0                                                    
Net income $ 623,046             6,761         29,353     (132)                     587,064
Other comprehensive income (loss) (4,175)                       (289)                         (3,886)  
Distributions to Operating Partnership units held by noncontrolling interests (43,003)             (6,921)         (36,082)                            
Dividends paid on common stock (704,069)                                                   (704,069)
Balance, end of period at Sep. 30, 2023 $ 15,566,701             222,939         798,384     8,257 $ 2,113       14,742,973         44,912 (252,877)
Balance, end of period (in shares) at Sep. 30, 2023 211,276,086                               211,276,086                    
Balance, beginning of period at Jun. 30, 2023 $ 4,035,407             222,940         553,610     3,079 $ 1,351       3,383,303         47,065 (175,941)
Balance, beginning of period (in shares) at Jun. 30, 2023                                 135,058,897                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of common stock in connection with share based compensation (in shares)                                 1,253                    
Issuance of common stock in connection with share based compensation 6,994                                       6,994            
Taxes paid upon settlement of share based compensation (in shares)                                 (414)                    
Taxes paid upon net settlement of share based compensation (63)                                       (63)            
Restricted stock grants cancelled (in shares)                                 (3,128)                    
Redemption of Operating Partnership units         $ 0                   $ (163)               $ 163        
Redemption of Operating Partnership units (in shares)                                   2,119                  
Life Storage Merger issuance of common stock and Operating Partnership units 11,602,808                       249,470       $ 762       11,352,576            
Life Storage Merger issuance of common stock and Operating Partnership units (in shares)                                 76,217,359                    
Noncontrolling interest in consolidated joint ventures 5,209                             5,209                      
Net income 198,856             2,253         8,284     (31)                     188,350
Other comprehensive income (loss) (2,264)                       (111)                         (2,153)  
Distributions to Operating Partnership units held by noncontrolling interests (14,960)             (2,254)         (12,706)                            
Dividends paid on common stock (265,286)                                                   (265,286)
Balance, end of period at Sep. 30, 2023 $ 15,566,701             $ 222,939         $ 798,384     $ 8,257 $ 2,113       $ 14,742,973         $ 44,912 $ (252,877)
Balance, end of period (in shares) at Sep. 30, 2023 211,276,086                               211,276,086