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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Redemption of units for stock
Redemption of units for cash
Series B Units
Redemption of units for cash
Series D Units
Series D Units
Redemption of units for stock
Series D Units
Redemption of units for cash
Series D Units
Redemption of units for loans
Series A Units
Redemption of units for stock
Preferred Operating Partnership
Preferred Operating Partnership
Redemption of units for stock
Preferred Operating Partnership
Series B Units
Redemption of units for cash
Preferred Operating Partnership
Series D Units
Preferred Operating Partnership
Series D Units
Redemption of units for stock
Preferred Operating Partnership
Series D Units
Redemption of units for cash
Preferred Operating Partnership
Series D Units
Redemption of units for loans
Preferred Operating Partnership
Series A Units
Redemption of units for stock
Operating Partnership
Operating Partnership
Redemption of units for stock
Operating Partnership
Redemption of units for cash
Operating Partnership
Series D Units
Other
Common stock
Common stock
Redemption of units for stock
Common stock
Series D Units
Redemption of units for stock
Common stock
Series A Units
Redemption of units for stock
Additional Paid-in Capital
Additional Paid-in Capital
Redemption of units for stock
Additional Paid-in Capital
Redemption of units for cash
Additional Paid-in Capital
Series D Units
Redemption of units for stock
Additional Paid-in Capital
Series A Units
Redemption of units for stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2021 $ 3,785,976                 $ 259,110               $ 410,053       $ 317 $ 1,339       $ 3,285,948         $ (42,546) $ (128,245)
Beginning balance (in shares) at Dec. 31, 2021                                             133,922,305                    
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock in connection with share based compensation (in shares)                                             204,349                    
Issuance of common stock in connection with share based compensation 21,388                                           $ 2       21,386            
Restricted stock grants canceled (in shares)                                             (10,614)                    
Redemption of Operating Partnership units     $ (4,617) $ (4,500)               $ (4,500)               $ (1,654)                 $ (2,963)        
Issuance of Operating Partnership units in conjunction with business combinations 16,000                                 16,000                              
Issuance of Operating Partnership units in conjunction with acquisitions 125,000                                 125,000                              
Issuance of Preferred D units in the Operating Partnership in conjunction with business combination         $ 6,000               $ 6,000                                        
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)
Noncontrolling interest in consolidated joint ventures 771                                         771                      
Net income (loss) 921,156                 17,623               42,853       (8)                     860,688
Other comprehensive income (loss) 96,249                 577               4,328                           91,344  
Distributions to Operating Partnership units and other noncontrolling interests (57,793)                 (17,308)               (40,485)                              
Dividends paid on common stock (805,311)                                                               (805,311)
Ending balance at Dec. 31, 2022 4,078,274                 261,502               556,095       1,080 $ 1,339       3,345,332         48,798 (135,872)
Ending balance (in shares) at Dec. 31, 2022                                             133,921,020                    
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock in connection with share based compensation (in shares)                                             149,995                    
Issuance of common stock in connection with share based compensation 26,638                                           $ 2       26,636            
Taxes paid upon net settlement of share based compensation (in shares)                                             (8,295)                    
Taxes paid upon net settlement of share based compensation (7,640)                                                   (7,640)            
Restricted stock grants canceled (in shares)                                             (10,084)                    
Redemption of Operating Partnership units (in shares)                                               2,803 154,307 851,698              
Redemption of Operating Partnership units   $ 0 (108)     $ 0 $ (377)   $ (5,316)         $ (22,265) $ (377)   $ (16,339)   $ (225) (89)         $ 2 $ 8   $ 225 (19) $ 22,263 $ 11,015    
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            
Repurchase of common stock, net of offering costs (in shares) 0                                                                
Noncontrolling interest in consolidated joint ventures $ 7,959                                         7,959                      
Net income (loss) 850,453                 9,011               38,369       (125)                     803,198
Other comprehensive income (loss) (32,752)                                 (1,389)                           (31,363)  
Distributions to Operating Partnership units and other noncontrolling interests (59,649)                 (9,172)               (50,477)                              
Dividends paid on common stock (1,046,341)                                                               (1,046,341)
Ending balance at Dec. 31, 2023 $ 15,413,949                 222,360               791,754       8,914 $ 2,113       14,750,388         17,435 (379,015)
Ending balance (in shares) at Dec. 31, 2023 211,278,803                                           211,278,803                    
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock in connection with share based compensation (in shares)                                             177,545                    
Issuance of common stock in connection with share based compensation $ 22,906                                           $ 2       22,904            
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 previous stock issuance (522)                                                   (522)            
Redemption of Operating Partnership units (in shares)                                               536,852                  
Redemption of Operating Partnership units   $ 0 $ (2,341)         $ (87,696)     $ (31,054)         $ (87,696)     $ (28,658) $ (1,445)       $ 5       $ 59,707 $ (896)        
Conversion of Preferred D Units in the Operating Partnership for Operating Partnership units         $ 0               $ (27,518)               $ 27,518                        
Issuance of Operating Partnership units in conjunction with business combinations 100,417                                 100,417                              
Issuance of note receivable to Operating Partnership unit holder (50,000)                                 (50,000)                              
Repayment of receivable with Operating Partnership units pledged as collateral $ 1,900                                 1,900                              
Repurchase of common stock, net of offering costs (in shares) 0                                                                
Noncontrolling interest in consolidated joint ventures $ 3,078                                         3,078                      
Net income (loss) 900,232                 7,262               38,239       50                     854,681
Other comprehensive income (loss) (4,746)                                 (117)                           (4,629)  
Distributions to Operating Partnership units and other noncontrolling interests (63,177)                 (7,262)               (55,710)       (205)                      
Dividends paid on common stock (1,375,003)                                                               (1,375,003)
Ending balance at Dec. 31, 2024 $ 14,859,362                 $ 76,092               $ 823,898       $ 11,837 $ 2,120       $ 14,831,946         $ 12,806 $ (899,337)
Ending balance (in shares) at Dec. 31, 2024 211,995,510                                           211,995,510