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Segment Information - Schedule of Financial Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Revenues: $ 810,663 $ 511,386 $ 1,610,202 $ 1,014,436
Operating expenses: 451,243 238,047 914,954 477,555
Net operating income: 304,761 273,339 640,589 536,881
Management fees and other income 29,858 22,206 60,006 43,590
General and administrative expense (39,901) (34,842) (83,623) (69,605)
Depreciation and amortization expense (194,809) (79,086) (391,775) (157,576)
Interest expense (137,133) (86,372) (270,020) (166,471)
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes (10,853) 0 (21,558) 0
Interest income 31,226 21,077 54,799 40,515
Equity in earnings and dividend income from unconsolidated real estate entities 17,255 13,254 32,262 23,559
Income tax expense (9,844) (5,986) (16,586) (10,294)
Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 780,805 489,180 1,550,196 970,846
Operating expenses: 216,533 124,119 439,556 250,374
Net operating income: 564,272 365,061 1,110,640 720,472
Self-Storage Operations | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 697,100 440,747 1,385,144 874,709
Operating expenses: 196,902 114,637 401,420 231,803
Net operating income: 500,198 326,110 983,724 642,906
Tenant Reinsurance | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 83,705 48,433 165,052 96,137
Operating expenses: 19,631 9,482 38,136 18,571
Net operating income: $ 64,074 $ 38,951 $ 126,916 $ 77,566