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Segment Information - Schedule of Financial Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Revenues: $ 824,804 $ 748,034 $ 2,435,006 $ 1,762,470
Operating expenses: 461,341 448,242 1,376,295 925,797
Net operating income: 302,739 299,792 943,328 836,673
Management fees and other income 29,882 28,019 89,888 71,609
Life Storage Merger transition costs 0 54,174 0 54,174
General and administrative expense (39,750) (37,406) (123,373) (107,011)
Depreciation and amortization expense (195,046) (152,338) (586,821) (309,914)
Loss on real estate assets held for sale (8,961) 0 (63,620) 0
Interest expense (142,855) (122,899) (412,875) (289,370)
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes (11,005) (8,228) (32,563) (8,228)
Interest income 34,947 22,092 89,746 62,607
Equity in earnings and dividend income from unconsolidated real estate entities 16,246 15,043 48,508 38,602
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest 13,730 0 13,730 0
Impairment of trade name (51,763) 0 (51,763) 0
Income tax expense (10,857) (6,944) (27,443) (17,238)
Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 794,922 720,015 2,345,118 1,690,861
Operating expenses: 226,545 204,324 666,101 454,698
Net operating income: 568,377 515,691 1,679,017 1,236,163
Self-Storage Operations | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 710,874 650,887 2,096,018 1,525,596
Operating expenses: 209,035 185,194 610,455 416,997
Net operating income: 501,839 465,693 1,485,563 1,108,599
Tenant Reinsurance | Operating Segments        
Segment Reporting Information [Line Items]        
Revenues: 84,048 69,128 249,100 165,265
Operating expenses: 17,510 19,130 55,646 37,701
Net operating income: $ 66,538 $ 49,998 $ 193,454 $ 127,564