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Condensed Consolidated Statements of Noncontrolling Interests and Equity - USD ($)
$ in Thousands
Total
Redemption of units for stock
Series A Units
Redemption of units for stock
Series D Units
Redemption of units for stock
Preferred Operating Partnership
Preferred Operating Partnership
Redemption of units for stock
Preferred Operating Partnership
Series A Units
Redemption of units for stock
Preferred Operating Partnership
Series D Units
Redemption of units for stock
Operating Partnership
Operating Partnership
Redemption of units for stock
Other
Common stock
Common stock
Redemption of units for stock
Common stock
Series A Units
Redemption of units for stock
Common stock
Series D Units
Redemption of units for stock
Additional Paid-in Capital
Additional Paid-in Capital
Redemption of units for stock
Additional Paid-in Capital
Series A Units
Redemption of units for stock
Additional Paid-in Capital
Series D Units
Redemption of units for stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2022 $ 4,078,274       $ 261,502       $ 556,095   $ 1,080 $ 1,339       $ 3,345,332       $ 48,798 $ (135,872)
Beginning balance (in shares) at Dec. 31, 2022                       133,921,020                  
Increase (Decrease) in Stockholders' Equity                                          
Redemption of noncontrolling interests   $ 0 $ (5,316) $ 0     $ (16,339) $ (22,064)   $ (163)       $ 8 $ 2   $ 163 $ 11,015 $ 22,062    
Redemption of noncontrolling interests (in shares)                         2,119 851,698 154,307            
Life Storage Merger issuance of common stock and Operating Partnership units (in shares)                       76,217,359                  
Life Storage Merger issuance of common stock and Operating Partnership units 11,602,808               249,470     $ 762       11,352,576          
Noncontrolling interest in consolidated joint ventures 7,309                   7,309                    
Net income (loss) 623,046       6,761       29,353   (132)                   587,064
Other comprehensive 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)
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 net 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)                  
Ending balance at Sep. 30, 2023 15,566,701       222,939       798,384   8,257 $ 2,113       14,742,973       44,912 (252,877)
Ending balance (in shares) at Sep. 30, 2023                       211,276,086                  
Beginning balance at Jun. 30, 2023 4,035,407       222,940       553,610   3,079 $ 1,351       3,383,303       47,065 (175,941)
Beginning balance (in shares) at Jun. 30, 2023                       135,058,897                  
Increase (Decrease) in Stockholders' Equity                                          
Redemption of noncontrolling interests   0               (163)             163        
Redemption of noncontrolling interests (in shares)                         2,119                
Life Storage Merger issuance of common stock and Operating Partnership units (in shares)                       76,217,359                  
Life Storage Merger issuance of common stock and Operating Partnership units 11,602,808               249,470     $ 762       11,352,576          
Noncontrolling interest in consolidated joint ventures 5,209                   5,209                    
Net income (loss) 198,856       2,253       8,284   (31)                   188,350
Other comprehensive 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)
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                     $ 0       6,994          
Taxes paid upon net 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)                  
Ending balance at Sep. 30, 2023 15,566,701       222,939       798,384   8,257 $ 2,113       14,742,973       44,912 (252,877)
Ending balance (in shares) at Sep. 30, 2023                       211,276,086                  
Beginning balance at Dec. 31, 2023 $ 15,413,949       222,360       791,754   8,914 $ 2,113       14,750,388       17,435 (379,015)
Beginning balance (in shares) at Dec. 31, 2023 211,278,803                     211,278,803                  
Increase (Decrease) in Stockholders' Equity                                          
Issuance of common stock for share based compensation, exercise of options and taxes paid upon net settlement, net (in shares)                       178,944                  
Issuance of common stock for share based compensation, exercise of options and taxes paid upon net settlement $ 14,419                     $ 2       14,417          
Issuance of common stock, net of offering costs (in shares)                       2,310                  
Issuance of common stock, net of offering costs 365                             365          
Offering costs associated with shelf registration (522)                             (522)          
Redemption of noncontrolling interests   0       $ (31,054)       (27,321)     $ 5       58,370        
Redemption of noncontrolling interests (in shares)                         521,685                
Noncontrolling interest in consolidated joint ventures 1,687                   1,687                    
Net income (loss) 622,431       6,073       24,137   27                   592,194
Other comprehensive loss (14,691)               (596)                     (14,095)  
Distributions to Operating Partnership units held by noncontrolling interests (47,911)       (6,073)       (41,838)                        
Dividends paid on common stock (1,031,044)                                       (1,031,044)
Ending balance at Sep. 30, 2024 $ 14,958,683       191,306       746,136   10,628 $ 2,120       14,823,018       3,340 (817,865)
Ending balance (in shares) at Sep. 30, 2024 211,981,742                     211,981,742                  
Beginning balance at Jun. 30, 2024 $ 15,130,840       191,306       757,102   9,800 $ 2,120       14,810,938       27,241 (667,667)
Beginning balance (in shares) at Jun. 30, 2024                       211,927,348                  
Increase (Decrease) in Stockholders' Equity                                          
Issuance of common stock for share based compensation, exercise of options and taxes paid upon net settlement, net (in shares)                       10,515                  
Issuance of common stock for share based compensation, exercise of options and taxes paid upon net settlement 8,224                     $ 0       8,224          
Offering costs associated with shelf registration (28)                             (28)          
Redemption of noncontrolling interests   $ 0               $ (3,884)     $ 0       $ 3,884        
Redemption of noncontrolling interests (in shares)                         43,879                
Noncontrolling interest in consolidated joint ventures 825                   825                    
Net income (loss) 202,945       1,932       7,800   3                   193,210
Other comprehensive loss (24,887)               (986)                     (23,901)  
Distributions to Operating Partnership units held by noncontrolling interests (15,828)       (1,932)       (13,896)                        
Dividends paid on common stock (343,408)                                       (343,408)
Ending balance at Sep. 30, 2024 $ 14,958,683       $ 191,306       $ 746,136   $ 10,628 $ 2,120       $ 14,823,018       $ 3,340 $ (817,865)
Ending balance (in shares) at Sep. 30, 2024 211,981,742                     211,981,742