Segment Information (Tables)

6 Months Ended

Jun. 30, 2020


		Three Months Ended June 30,				Six Months Ended June 30,
		2020		2019		2020		2019
		(amounts in thousands)
Self-Storage Segment
Revenue	$	664,542	$	669,339	$	1,338,743	$	1,319,747
Cost of operations		(213,825)		(196,083)		(421,750)		(389,739)
Net operating income		450,717		473,256		916,993		930,008
Depreciation and amortization		(137,618)		(126,859)		(273,518)		(248,800)
Net income		313,099		346,397		643,475		681,208

Ancillary Segment
Revenue		44,743		41,611		86,624		80,241
Cost of operations		(11,782)		(11,653)		(22,727)		(22,198)
Net operating income		32,961		29,958		63,897		58,043

Investment in PSB Segment (a) - Equity in earnings of unconsolidated entities		13,228		14,864		34,965		28,584

Investment in Shurgard Segment (a) - Equity in earnings of unconsolidated entities		4,427		4,050		6,658		8,002

Total net income allocated to segments		363,715		395,269		748,995		775,837

Other items not allocated to segments:
General and administrative		(20,294)		(15,264)		(41,358)		(34,767)
Interest and other income		5,831		8,582		12,310		15,547
Interest expense		(14,145)		(12,254)		(27,766)		(20,397)
Foreign currency exchange (loss) gain		(19,295)		(5,218)		(10,350)		2,573
Gain on sale of real estate		-		341		1,117		341
Net income	$	315,812	$	371,456	$	682,948	$	739,134

(a) See Note 4 for a reconciliation of these amounts to our total Equity in Earnings of Unconsolidated Real Estate Entities on our income statements.