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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Property rental $ 2,803,252 $ 2,222,578 $ 1,654,735
Tenant reinsurance 332,795 235,680 185,531
Management fees and other income 120,855 101,986 83,904
Total revenues 3,256,902 2,560,244 1,924,170
Expenses:      
Property operations 831,566 612,036 435,342
Tenant reinsurance 73,886 58,874 33,560
Transaction costs 0 0 1,548
Life Storage Merger transition costs 0 66,732 0
General and administrative 167,398 146,408 129,251
Depreciation and amortization 783,023 506,053 288,316
Total expenses 1,855,873 1,390,103 888,017
Gain (loss) on real estate assets held for sale and sold, net (25,906) 0 14,249
Impairment of Life Storage trade name (51,763) 0 0
Income from operations 1,323,360 1,170,141 1,050,402
Interest expense (551,354) (419,035) (219,171)
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes (43,720) (18,786) 0
Interest income 124,422 84,857 69,422
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense 852,708 817,177 900,653
Equity in earnings and dividend income from unconsolidated real estate entities 67,272 54,835 41,428
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 0
Income tax expense (33,478) (21,559) (20,925)
Net income 900,232 850,453 921,156
Net income allocated to Preferred Operating Partnership noncontrolling interests (7,262) (9,011) (17,623)
Net income allocated to Operating Partnership and other noncontrolling interests (38,289) (38,244) (42,845)
Net income attributable to common stockholders $ 854,681 $ 803,198 $ 860,688
Earnings per common share      
Basic (in dollars per share) $ 4.03 $ 4.74 $ 6.41
Diluted (in dollars per share) $ 4.03 $ 4.74 $ 6.41
Weighted average number of shares      
Basic (in shares) 211,575,240 169,216,989 134,050,815
Diluted (in shares) 211,577,680 169,220,882 141,681,388