XML 71 R58.htm IDEA: XBRL DOCUMENT v3.20.2
Investment in Joint Ventures - Summary of Unconsolidated Joint Ventures' Financial Statements (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]                    
Investment in storage facilities, net $ 4,357,660   $ 4,357,660       $ 3,993,140      
Other assets 33,221   33,221       29,591      
Total Assets 4,689,055   4,689,055       4,232,964      
Mortgages payable 34,352   34,352       34,851      
Total Liabilities 2,413,319   2,413,319       2,073,763      
Unaffiliated partners’ equity 0   0       0      
Company equity 2,249,888 $ 2,135,318 2,249,888 $ 2,135,318 $ 2,132,681 $ 2,147,719 2,132,894 $ 2,041,920 $ 2,046,891 $ 2,057,737
Total Equity 2,249,888   2,249,888       2,132,894      
Total Liabilities and Shareholders' Equity/ Partners' Capital 4,689,055   4,689,055       $ 4,232,964      
Total revenues 156,310 145,634 450,266 427,186            
Depreciation and amortization of customer list (33,018) (26,854) (90,335) (79,239)            
Amortization of financing fees     (3,033) (2,873)            
Interest expense (20,544) (19,760) (61,056) (56,339)            
Net income 37,288 $ 140,746 110,560 $ 216,346            
Unconsolidated Joint Ventures [Member]                    
Schedule of Equity Method Investments [Line Items]                    
Investment in storage facilities, net 1,083,191   1,083,191              
Investment in office building, net 4,109   4,109              
Other assets 68,834   68,834              
Total Assets 1,156,134   1,156,134              
Due to the Company 3,223   3,223              
Mortgages payable 525,713   525,713              
Other liabilities 24,761   24,761              
Total Liabilities 553,697   553,697              
Unaffiliated partners’ equity 459,105   459,105              
Company equity 143,332   143,332              
Total Equity 602,437   602,437              
Total Liabilities and Shareholders' Equity/ Partners' Capital $ 1,156,134   1,156,134              
Total revenues     99,902              
Property operating expenses     (31,102)              
Administrative, management and call center fees     (5,547)              
Gain on disposal of self-storage facilities     217,607              
Depreciation and amortization of customer list     (23,383)              
Amortization of financing fees     (590)              
Income tax expense     (235)              
Interest expense     (17,638)              
Net income     $ 239,014