CubeSmart(NYSE:CUBE) 
CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the 2020 Self-Storage Almanac, CubeSmart is one of...
Website: http://www.cubesmart.com
Founded: 2004
Full Time Employees: 3,011
Sector: Real Estate
Industry: REIT-Industrial
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-10-21 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-10-21 | 2004-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 243,400,000 | 239,557,000 | 232,765,000 | 228,226,000 | 230,954,000 | 226,791,000 | 225,190,000 | 230,037,000 | 232,468,000 | 225,910,000 | 223,584,000 | 227,948,000 | 226,837,000 | 216,133,000 | 208,371,000 | 192,507,000 | 182,409,000 | 170,359,000 | 162,476,000 | 153,033,000 | 146,507,000 | 140,484,000 | 140,985,000 | 142,578,000 | 142,207,000 | 136,027,000 | 131,592,000 | 133,055,000 | 132,476,000 | 127,843,000 | 124,161,000 | 125,063,000 | 125,699,000 | 121,224,000 | 117,057,000 | 116,650,000 | 116,416,000 | 111,538,000 | 104,997,000 | 101,732,000 | 102,385,000 | 96,803,000 | 91,556,000 | 88,721,000 | 85,392,000 | 81,071,000 | 75,714,000 | 72,575,000 | 73,067,000 | 72,231,000 | 69,618,000 | 66,604,000 | 65,363,000 | 61,233,000 | 60,107,000 | 56,677,000 | 53,705,000 | 52,906,000 | 51,873,000 | 46,277,000 | 50,809,000 | 49,465,000 | 49,042,000 | 48,817,000 | 50,498,000 | 52,336,000 | 53,813,000 | 54,294,000 | 56,079,000 | 56,158,000 | 56,376,000 | 55,493,000 | 53,969,000 | 51,753,000 | 51,133,000 | 50,309,000 | 52,562,000 | 48,822,000 | 45,027,000 | -76,324,000 | 21,277,000 | 31,480,000 | 27,597,000 | -39,715,000 | 21,277,000 | ||
other property related income | 31,730,000 | 32,596,000 | 29,766,000 | 29,104,000 | 29,268,000 | 28,958,000 | 26,316,000 | 25,792,000 | 25,857,000 | 25,760,000 | 24,384,000 | 24,406,000 | 25,619,000 | 23,861,000 | 22,280,000 | 21,191,000 | 21,892,000 | 21,218,000 | 19,304,000 | 18,383,000 | 18,916,000 | 16,522,000 | 16,902,000 | 16,907,000 | 18,054,000 | 16,922,000 | 15,675,000 | 15,368,000 | 15,494,000 | 15,047,000 | 14,247,000 | 13,897,000 | 14,241,000 | 13,880,000 | 12,983,000 | 12,842,000 | 13,007,000 | 12,643,000 | 11,763,000 | 11,434,000 | 11,827,000 | 11,385,000 | 10,543,000 | 9,977,000 | 10,142,000 | 9,799,000 | 10,147,000 | 8,150,000 | 8,580,000 | 8,854,000 | 7,694,000 | 7,283,000 | 7,677,000 | 6,988,000 | 6,072,000 | 5,837,000 | 5,862,000 | 5,650,000 | 4,759,000 | 4,721,000 | 5,155,000 | 4,702,000 | 4,081,000 | 4,114,000 | 4,361,000 | 4,676,000 | 3,863,000 | 4,160,000 | 4,641,000 | 4,249,000 | 3,687,000 | 3,899,000 | 4,236,000 | 4,433,000 | 4,282,000 | 4,339,000 | 3,844,000 | 3,618,000 | 3,101,000 | -5,712,000 | 1,004,000 | 2,304,000 | 2,118,000 | -1,531,000 | 1,004,000 | ||
property management fee income | 9,950,000 | 10,150,000 | 10,505,000 | 10,396,000 | 10,668,000 | 10,460,000 | 9,900,000 | 9,296,000 | 9,551,000 | 9,135,000 | 8,560,000 | 8,633,000 | 8,952,000 | 8,670,000 | 7,914,000 | 8,214,000 | 8,263,000 | 7,670,000 | 7,061,000 | 7,371,000 | 7,088,000 | 6,792,000 | 6,194,000 | 6,021,000 | 6,286,000 | 6,068,000 | 5,578,000 | 5,459,000 | 5,400,000 | 4,925,000 | 4,469,000 | 4,522,000 | 3,925,000 | 3,455,000 | 2,997,000 | 3,054,000 | 2,673,000 | 2,345,000 | 2,111,000 | 1,826,000 | 1,758,000 | 1,683,000 | 1,589,000 | 1,569,000 | 1,558,000 | 1,467,000 | 1,406,000 | 1,233,000 | 1,185,000 | 1,217,000 | 1,145,000 | 1,124,000 | 1,094,000 | 1,103,000 | 1,020,000 | 1,134,000 | 878,000 | 848,000 | 909,000 | 1,147,000 | 1,048,000 | 590,000 | |||||||||||||||||||||||||
total revenues | 285,080,000 | 282,303,000 | 273,036,000 | 267,726,000 | 270,890,000 | 266,209,000 | 261,406,000 | 265,125,000 | 267,876,000 | 260,805,000 | 256,528,000 | 260,987,000 | 261,408,000 | 248,664,000 | 238,565,000 | 221,912,000 | 212,564,000 | 199,247,000 | 188,841,000 | 178,787,000 | 172,511,000 | 163,798,000 | 164,081,000 | 165,506,000 | 166,547,000 | 159,017,000 | 152,845,000 | 153,882,000 | 153,370,000 | 147,815,000 | 142,877,000 | 143,482,000 | 143,865,000 | 138,559,000 | 133,037,000 | 132,546,000 | 132,096,000 | 126,526,000 | 118,871,000 | 114,992,000 | 115,970,000 | 109,871,000 | 103,688,000 | 100,267,000 | 97,092,000 | 92,337,000 | 87,267,000 | 81,958,000 | 82,832,000 | 82,302,000 | 78,457,000 | 75,011,000 | 74,134,000 | 69,324,000 | 67,199,000 | 63,648,000 | 60,445,000 | 59,404,000 | 57,541,000 | 52,145,000 | 57,012,000 | 54,757,000 | 53,123,000 | 52,931,000 | 54,859,000 | 57,012,000 | 57,676,000 | 58,454,000 | 60,720,000 | 60,407,000 | 60,063,000 | 59,417,000 | 58,306,000 | 56,308,000 | 55,532,000 | 55,105,000 | 56,406,000 | 52,440,000 | 48,128,000 | -82,036,000 | 22,281,000 | 33,784,000 | 29,715,000 | -41,246,000 | 22,281,000 | ||
yoy | 5.24% | 6.05% | 4.45% | 0.98% | 1.13% | 2.07% | 1.90% | 1.59% | 2.47% | 4.88% | 7.53% | 17.61% | 22.98% | 24.80% | 26.33% | 24.12% | 23.22% | 21.64% | 15.09% | 8.02% | 3.58% | 3.01% | 7.35% | 7.55% | 8.59% | 7.58% | 6.98% | 7.25% | 6.61% | 6.68% | 7.40% | 8.25% | 8.91% | 9.51% | 11.92% | 15.27% | 13.91% | 15.16% | 14.64% | 14.69% | 19.44% | 18.99% | 18.82% | 22.34% | 17.22% | 12.19% | 11.23% | 9.26% | 11.73% | 18.72% | 16.75% | 17.85% | 22.65% | 16.70% | 16.78% | 22.06% | 6.02% | 8.49% | 8.32% | -1.48% | 3.92% | -3.96% | -7.89% | -9.45% | -9.65% | -5.62% | -3.97% | -1.62% | 4.14% | 7.28% | 8.16% | 7.83% | 3.37% | 7.38% | 15.38% | -168.76% | 135.36% | 42.46% | -154.02% | 51.63% | |||||||
qoq | 0.98% | 3.39% | 1.98% | -1.17% | 1.76% | 1.84% | -1.40% | -1.03% | 2.71% | 1.67% | -1.71% | -0.16% | 5.12% | 4.23% | 7.50% | 4.40% | 6.68% | 5.51% | 5.62% | 3.64% | 5.32% | -0.17% | -0.86% | -0.63% | 4.74% | 4.04% | -0.67% | 0.33% | 3.76% | 3.46% | -0.42% | -0.27% | 3.83% | 4.15% | 0.37% | 0.34% | 4.40% | 6.44% | 3.37% | -0.84% | 5.55% | 5.96% | 3.41% | 3.27% | 5.15% | 5.81% | 6.48% | -1.06% | 0.64% | 4.90% | 4.59% | 1.18% | 6.94% | 3.16% | 5.58% | 5.30% | 1.75% | 3.24% | 10.35% | -8.54% | 4.12% | 3.08% | 0.36% | -3.51% | -3.78% | -1.15% | -1.33% | -3.73% | 0.52% | 0.57% | 1.09% | 1.91% | 3.55% | 1.40% | 0.77% | -2.31% | 7.56% | 8.96% | -468.19% | -34.05% | 13.69% | -285.12% | |||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 90,848,000 | 89,028,000 | 82,934,000 | 75,748,000 | 81,868,000 | 83,097,000 | 77,037,000 | 71,286,000 | 77,546,000 | 74,821,000 | 71,127,000 | 72,493,000 | 76,728,000 | 73,472,000 | 70,567,000 | 63,060,000 | 64,065,000 | 63,751,000 | 61,228,000 | 55,448,000 | 57,101,000 | 55,345,000 | 55,740,000 | 54,729,000 | 53,465,000 | 50,120,000 | 51,425,000 | 49,829,000 | 48,755,000 | 49,528,000 | 48,754,000 | 44,661,000 | 47,152,000 | 44,821,000 | 44,874,000 | 42,216,000 | 41,805,000 | 41,607,000 | 40,219,000 | 38,234,000 | 39,297,000 | 38,210,000 | 37,431,000 | 34,709,000 | 33,622,000 | 32,080,000 | 32,290,000 | 30,276,000 | 30,104,000 | 29,955,000 | 30,821,000 | 27,794,000 | 29,195,000 | 27,645,000 | 27,285,000 | 25,106,000 | 24,940,000 | 25,085,000 | 25,610,000 | 21,775,000 | 24,602,000 | 24,421,000 | 22,973,000 | 22,154,000 | 23,153,000 | 26,002,000 | 24,457,000 | 23,845,000 | 25,774,000 | 25,494,000 | 25,389,000 | 26,327,000 | 25,110,000 | 22,315,000 | 23,239,000 | 24,755,000 | 21,978,000 | 20,954,000 | 18,860,000 | -27,837,000 | 7,879,000 | 12,014,000 | 10,796,000 | -13,929,000 | 7,879,000 | ||
depreciation and amortization | 66,688,000 | 66,488,000 | 59,156,000 | 52,741,000 | 51,210,000 | 51,035,000 | 50,717,000 | 50,566,000 | 49,985,000 | 50,358,000 | 50,329,000 | 69,433,000 | 79,574,000 | 79,046,000 | 82,557,000 | 68,229,000 | 55,871,000 | 54,139,000 | 53,810,000 | 37,758,000 | 38,084,000 | 39,893,000 | 40,838,000 | 41,063,000 | 43,379,000 | 40,663,000 | 38,442,000 | 38,099,000 | 35,239,000 | 35,046,000 | 34,966,000 | 34,855,000 | 35,971,000 | 36,736,000 | 38,119,000 | 39,234,000 | 41,827,000 | 41,448,000 | 39,356,000 | 37,064,000 | 38,744,000 | 38,086,000 | 37,895,000 | 36,589,000 | 31,622,000 | 30,487,000 | 28,115,000 | 26,347,000 | 28,495,000 | 29,241,000 | 29,832,000 | 31,428,000 | 29,774,000 | 27,474,000 | 25,763,000 | 21,361,000 | 16,042,000 | 15,945,000 | 15,572,000 | 14,687,000 | 15,557,000 | 16,363,000 | 16,378,000 | 17,297,000 | 17,894,000 | 18,700,000 | 18,736,000 | 18,634,000 | 19,416,000 | ||||||||||||||||||
general and administrative | 16,506,000 | 14,897,000 | 16,068,000 | 15,151,000 | 14,265,000 | 14,622,000 | 15,625,000 | 13,982,000 | 14,060,000 | 14,325,000 | 14,674,000 | 12,983,000 | 13,390,000 | 13,725,000 | 14,525,000 | 13,238,000 | 12,095,000 | 11,560,000 | 10,916,000 | 11,322,000 | 10,193,000 | 9,543,000 | 10,365,000 | 9,602,000 | 10,011,000 | 9,800,000 | 9,147,000 | 10,847,000 | 9,780,000 | 8,341,000 | 8,744,000 | 8,223,000 | 8,228,000 | 8,800,000 | 9,494,000 | 8,639,000 | 8,065,000 | 7,891,000 | 8,228,000 | 7,082,000 | 7,002,000 | 7,114,000 | 7,173,000 | 7,330,000 | 7,464,000 | 7,059,000 | 6,569,000 | 7,109,000 | 7,326,000 | 7,515,000 | 7,613,000 | 6,549,000 | 6,860,000 | 6,278,000 | 6,444,000 | 6,343,000 | 5,476,000 | 6,841,000 | 6,031,000 | 6,098,000 | 6,597,000 | 6,844,000 | 5,868,000 | 5,911,000 | 5,556,000 | 5,626,000 | 5,474,000 | 7,151,000 | 5,849,000 | 6,469,000 | 5,495,000 | 5,230,000 | 5,173,000 | 5,648,000 | 5,888,000 | 4,865,000 | 7,289,000 | 4,132,000 | 5,389,000 | -5,800,000 | 3,229,000 | 3,025,000 | |||||
total operating expenses | 174,042,000 | 170,413,000 | 158,158,000 | 143,640,000 | 147,343,000 | 148,754,000 | 143,379,000 | 135,834,000 | 141,591,000 | 139,504,000 | 136,130,000 | 154,909,000 | 169,692,000 | 166,243,000 | 167,649,000 | 144,527,000 | 132,031,000 | 129,450,000 | 125,954,000 | 104,528,000 | 105,378,000 | 104,781,000 | 106,943,000 | 105,394,000 | 106,855,000 | 100,583,000 | 99,014,000 | 98,775,000 | 93,774,000 | 92,915,000 | 92,464,000 | 87,971,000 | 91,586,000 | 91,025,000 | 92,646,000 | 90,848,000 | 92,585,000 | 93,509,000 | 90,145,000 | 83,196,000 | 86,265,000 | 84,163,000 | 83,009,000 | 82,454,000 | 73,966,000 | 69,626,000 | 66,974,000 | 63,732,000 | 65,925,000 | 66,711,000 | 68,266,000 | 65,771,000 | 65,829,000 | 61,397,000 | 59,492,000 | 52,810,000 | 46,458,000 | 47,871,000 | 47,213,000 | 42,560,000 | 46,756,000 | 47,628,000 | 45,219,000 | 45,362,000 | 46,603,000 | 50,328,000 | 48,667,000 | 49,630,000 | 51,039,000 | 52,214,000 | 50,834,000 | 51,274,000 | 48,793,000 | 44,817,000 | 46,032,000 | 47,648,000 | 46,067,000 | 41,105,000 | 39,118,000 | -55,356,000 | 14,386,000 | 23,987,000 | 21,842,000 | -22,609,000 | 14,386,000 | ||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense on loans | -29,380,000 | -29,090,000 | -26,100,000 | -22,384,000 | -22,750,000 | -22,767,000 | -22,919,000 | -22,626,000 | -23,204,000 | -23,544,000 | -23,691,000 | -23,555,000 | -23,850,000 | -23,055,000 | -22,824,000 | -20,980,000 | -19,122,000 | -19,112,000 | -19,234,000 | -19,523,000 | -18,984,000 | -18,702,000 | -18,681,000 | -18,667,000 | -18,207,000 | -18,134,000 | -17,517,000 | -16,335,000 | -15,191,000 | -15,451,000 | -15,155,000 | -14,924,000 | -14,454,000 | -13,975,000 | -13,599,000 | -13,328,000 | -12,787,000 | -12,200,000 | -12,084,000 | -11,412,000 | -10,399,000 | -10,868,000 | -11,057,000 | -8,917,500 | -11,772,000 | -11,871,000 | -7,761,250 | -9,995,000 | -8,246,500 | -12,009,000 | -10,977,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||
loan procurement amortization expense | -1,258,000 | -1,221,000 | -1,221,000 | -1,036,000 | -986,000 | -1,015,000 | -1,030,000 | -1,030,000 | -1,030,000 | -1,041,000 | -1,040,000 | -1,012,000 | -969,000 | -959,000 | -957,000 | -5,109,000 | -1,012,000 | -1,012,000 | -1,035,000 | -414,000 | -753,000 | -753,000 | -754,000 | -737,000 | -687,000 | -771,000 | -624,000 | -578,000 | -578,000 | -578,000 | -579,000 | -579,000 | -577,000 | -776,000 | -706,000 | -706,000 | -655,000 | -611,000 | -605,000 | -582,000 | -537,000 | -659,000 | -546,000 | -412,500 | -566,000 | -541,000 | -377,250 | -536,000 | -376,250 | -529,000 | -447,000 | -395,000 | 1,088,000 | -2,935,000 | 385,000 | 373,000 | 4,913,000 | -2,935,000 | |||||||||||||||||||||||||||||
equity in earnings of real estate ventures | 648,000 | 547,000 | 379,000 | 811,000 | 418,000 | 425,000 | 845,000 | 1,603,000 | 1,141,000 | 790,000 | 2,551,000 | 1,345,000 | 46,558,000 | 680,000 | 294,000 | 24,123,000 | 816,000 | -54,000 | -37,000 | -5,000 | 2,735,000 | 152,000 | 10,527,000 | 261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 1,368,000 | 306,000 | 809,000 | 414,000 | 721,000 | 88,000 | -65,000 | 5,899,000 | -119,000 | 777,000 | -276,000 | -684,000 | -15,000 | -493,000 | -9,163,000 | -12,411,000 | 539,000 | 377,000 | 677,000 | -448,000 | 45,000 | -456,000 | 619,000 | 112,000 | 1,647,000 | -178,000 | -165,000 | -54,000 | -233,000 | 189,000 | 304,000 | -69,000 | 741,000 | 308,000 | -108,000 | 228,000 | -397,000 | 901,000 | 330,000 | 584,000 | -288,000 | -208,000 | -316,000 | -275,750 | -337,000 | -593,000 | 290,000 | -22,000 | 166,000 | 1,000 | -94,000 | 49,000 | 71,000 | 67,000 | 264,000 | -13,000 | -102,000 | 42,000 | -141,000 | 67,000 | -30,000 | 16,000 | |||||||||||||||||||||||||
total other expense | -28,622,000 | -29,458,000 | -26,133,000 | -22,195,000 | -22,597,000 | -23,269,000 | -23,169,000 | -23,018,000 | -22,456,000 | -23,827,000 | -32,650,000 | -14,658,750 | -19,729,000 | -18,821,000 | -10,924,000 | -17,095,000 | -8,556,000 | -18,045,000 | -16,149,000 | -11,112,750 | -14,570,000 | -14,696,000 | -15,185,000 | -12,634,000 | -12,871,000 | -10,726,500 | -14,535,000 | -16,053,000 | -5,980,000 | -10,166,000 | 6,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 82,416,000 | 82,432,000 | 88,745,000 | 101,891,000 | 100,950,000 | 94,186,000 | 94,858,000 | 113,137,000 | 103,073,000 | 98,283,000 | 97,942,000 | 82,172,000 | 113,440,000 | 58,594,000 | 38,266,000 | 46,563,000 | 90,569,000 | 50,366,000 | 43,315,000 | 42,958,000 | 47,404,000 | 38,932,000 | 38,317,000 | 42,510,000 | 42,597,000 | 49,878,000 | 35,786,000 | 48,636,000 | 43,302,000 | 38,751,000 | 34,799,000 | 39,858,000 | 37,709,000 | 32,838,000 | 25,206,000 | 27,047,000 | 25,091,000 | 20,383,000 | 15,855,000 | 37,741,000 | 18,620,000 | 13,873,000 | 8,522,000 | 5,542,000 | 8,591,000 | 7,993,000 | 4,576,000 | 23,253,000 | 16,601,000 | 2,568,000 | -1,894 | 1,480,000 | 2,051,000 | 3,355,000 | -5,345 | -7,545,000 | 7,928,000 | 1,588,000 | 476,000 | -6,009,524 | -1,480 | -4,521 | -3,475 | -2,131,937 | 7,503,000 | -2,844 | -2,109 | 2,490,000 | 4,020,000 | 263,000 | -3,984,000 | -5,877,000 | -4,130,000 | 295,000 | -3,358,000 | -5,818,000 | -1,941,000 | -30,000 | -1,587,000 | -35,384,000 | -2,271,000 | 2,204,000 | 1,617,000 | -29,488,000 | -2,271,000 | ||
yoy | -18.36% | -12.48% | -6.44% | -9.94% | -2.06% | -4.17% | -3.15% | 37.68% | -9.14% | 67.74% | 155.95% | 76.47% | 25.25% | 16.34% | -11.66% | 8.39% | 91.06% | 29.37% | 13.04% | 1.05% | 11.28% | -21.95% | 7.07% | -12.60% | -1.63% | 28.71% | 2.84% | 22.02% | 14.83% | 18.01% | 38.06% | 47.37% | 50.29% | 61.10% | 58.98% | -28.34% | 34.75% | 46.93% | 86.05% | 581.00% | 116.74% | 73.56% | 86.23% | -76.17% | -48.25% | 211.25% | -241705.07% | 1471.15% | 709.41% | -23.46% | -64.57% | -119.62% | -74.13% | 111.27% | -101.12% | 25.55% | -535775.68% | -35224.97% | -13797.84% | 181.88% | -100.02% | 58.97% | 64.77% | -185.62% | 86.64% | -101.08% | -99.95% | -142.37% | -197.34% | -10.85% | 18.64% | 1.01% | 112.78% | -1083.33% | 111.59% | -94.51% | -98.68% | -172.01% | -92.30% | -197.05% | |||||||
qoq | -0.02% | -7.11% | -12.90% | 0.93% | 7.18% | -0.71% | -16.16% | 9.76% | 4.87% | 0.35% | 19.19% | -27.56% | 93.60% | 53.12% | -17.82% | -48.59% | 79.82% | 16.28% | 0.83% | -9.38% | 21.76% | 1.61% | -9.86% | -0.20% | -14.60% | 39.38% | -26.42% | 12.32% | 11.74% | 11.36% | -12.69% | 5.70% | 14.83% | 30.28% | -6.81% | 7.80% | 23.10% | 28.56% | -57.99% | 102.69% | 34.22% | 62.79% | 53.77% | -35.49% | 7.48% | 74.67% | -80.32% | 40.07% | 546.46% | -135686.06% | -100.13% | -27.84% | -38.87% | -62868.94% | -99.93% | -195.17% | 399.24% | 233.61% | -107.92% | 405948.92% | -67.26% | 30.10% | -99.84% | -128.41% | -263918.57% | 34.85% | -100.08% | -38.06% | 1428.52% | -106.60% | -32.21% | 42.30% | -1500.00% | -108.78% | -42.28% | 199.74% | 6370.00% | -98.11% | 1458.08% | -203.04% | 36.30% | 1198.46% | |||||
net income margin % | 28.91% | 29.20% | 32.50% | 38.06% | 37.27% | 35.38% | 36.29% | 42.67% | 38.48% | 37.68% | 38.18% | 31.49% | 43.40% | 23.56% | 16.04% | 20.98% | 42.61% | 25.28% | 22.94% | 24.03% | 27.48% | 23.77% | 23.35% | 25.68% | 25.58% | 31.37% | 23.41% | 31.61% | 28.23% | 26.22% | 24.36% | 27.78% | 26.21% | 23.70% | 18.95% | 20.41% | 18.99% | 16.11% | 13.34% | 32.82% | 16.06% | 12.63% | 8.22% | 5.53% | 8.85% | 8.66% | 5.24% | 28.37% | 20.04% | 3.12% | -0.00% | 1.97% | 2.77% | 4.84% | -0.01% | -11.85% | 13.12% | 2.67% | 0.83% | -11.52% | -0.00% | -0.01% | -0.01% | -4.03% | 13.68% | -0.00% | -0.00% | 4.26% | 6.62% | 0.44% | -6.63% | -9.89% | -7.08% | 0.52% | -6.05% | -10.56% | -3.44% | -0.06% | -3.30% | 43.13% | -10.19% | 6.52% | 5.44% | 71.49% | -10.19% | ||
net income attributable to noncontrolling interests in the operating partnership | -396,000 | -401,000 | -453,000 | -543,000 | -551,000 | -524,000 | -541,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests in subsidiaries | 910,000 | 929,000 | 905,000 | 544,000 | 398,000 | 302,000 | 210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company | 82,930,000 | 82,960,000 | 89,197,000 | 101,892,000 | 100,797,000 | 93,964,000 | 94,527,000 | 39,547,000 | 37,297,000 | 32,458,000 | 24,986,000 | 26,847,000 | 24,884,000 | 20,424,000 | 15,750,000 | 37,116,000 | 18,438,000 | 13,724,000 | 8,434,000 | 5,483,000 | 8,480,000 | 7,886,000 | 4,530,000 | 22,948,000 | 16,342,000 | 2,550,000 | 1,481,000 | 1,636,000 | 2,543,000 | -8,011,000 | 6,828,000 | 902,000 | -117,000 | 2,083,000 | -1,480,000 | -4,521,000 | -3,475,000 | -2,802,000 | 6,818,000 | -2,844,000 | -2,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share attributable to common shareholders | 0.36 | 0.36 | 0.39 | 0.45 | 0.45 | 0.42 | 0.42 | 0.5 | 0.46 | 0.43 | 0.43 | 0.36 | 0.5 | 0.26 | 0.17 | 0.21 | 0.43 | 0.24 | 0.21 | 0.21 | 0.24 | 0.2 | 0.2 | 0.22 | 0.22 | 0.26 | 0.19 | 0.26 | 0.23 | 0.21 | 0.19 | 0.21 | 0.21 | 0.18 | 0.14 | 0.13 | 0.13 | 0.11 | 0.08 | 0.21 | 0.1 | 0.07 | 0.04 | 0.03 | 0.05 | 0.04 | 0.02 | 0.16 | 0.11 | 0.01 | -0.008 | ||||||||||||||||||||||||||||||||||||
diluted earnings per share attributable to common shareholders | 0.36 | 0.36 | 0.39 | 0.44 | 0.44 | 0.41 | 0.42 | 0.5 | 0.45 | 0.43 | 0.43 | 0.36 | 0.5 | 0.26 | 0.17 | 0.21 | 0.43 | 0.24 | 0.21 | 0.22 | 0.24 | 0.2 | 0.2 | 0.21 | 0.22 | 0.26 | 0.19 | 0.25 | 0.23 | 0.21 | 0.19 | 0.22 | 0.21 | 0.18 | 0.14 | 0.13 | 0.13 | 0.11 | 0.08 | 0.21 | 0.1 | 0.07 | 0.04 | 0.03 | 0.05 | 0.04 | 0.02 | 0.16 | 0.11 | 0.01 | -0.008 | ||||||||||||||||||||||||||||||||||||
weighted-average basic shares outstanding | 228,791 | 228,737 | 228,663 | 226,353 | 226,166 | 225,886 | 225,767 | 225,424 | 225,467 | 225,388 | 225,294 | 224,928 | 225,023 | 224,960 | 224,663 | 203,832 | 202,194 | 201,414 | 199,160 | 194,147 | 193,745 | 193,629 | 193,582 | 190,874 | 192,927 | 189,667 | 187,253 | 184,653 | 186,074 | 183,718 | 182,274 | 180,525 | 180,304 | 180,183 | 180,165 | 178,246 | 179,223 | 177,880 | 175,798 | 168,640 | 169,304 | 166,683 | 165,502 | 149,107 | 149,758 | 144,679 | 140,219 | 135,191 | 135,365 | 133,677 | 124,169 | 98,895 | 57,621 | 57,497 | 57,438 | 57,351 | 57,325 | 57,257 | |||||||||||||||||||||||||||||
weighted-average diluted shares outstanding | 229,295 | 229,303 | 229,169 | 227,150 | 227,149 | 226,618 | 226,575 | 226,241 | 226,210 | 226,275 | 226,183 | 225,881 | 225,966 | 225,895 | 225,737 | 205,009 | 203,797 | 202,809 | 200,233 | 194,943 | 194,539 | 194,192 | 194,264 | 191,576 | 193,817 | 190,543 | 187,984 | 185,495 | 186,916 | 184,523 | 183,222 | 181,448 | 181,286 | 181,189 | 181,265 | 179,533 | 180,478 | 179,221 | 177,261 | 170,191 | 170,901 | 168,224 | 167,165 | 150,863 | 152,006 | 146,999 | 142,774 | 137,742 | 138,106 | 136,329 | 125,976 | 100,284 | 57,621 | 57,497 | 57,438 | 57,351 | 57,325 | 57,257 | 37,519,841 | 37,483,309 | |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -17,171,500 | -23,212,000 | -8,688,250 | 21,724,000 | -7,241,750 | 10,036,000 | -19,431,000 | -19,572,000 | -20,085,000 | -6,471,000 | -16,294,000 | -15,614,000 | -14,651,000 | -14,420,000 | 5,945,000 | -11,085,000 | -11,835,000 | -12,157,000 | -8,767,250 | -11,023,000 | -8,674,750 | -12,456,000 | -11,367,000 | -10,742,000 | 7,497,000 | -11,749,000 | -10,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in the operating partnership | -467,500 | -640,000 | -616,000 | -614,000 | -527,000 | -733,000 | -379,000 | -292,000 | -1,407,000 | -3,149,000 | -1,768,000 | -1,549,000 | -579,000 | -474,000 | -389,000 | -383,000 | -425,000 | -426,000 | -499,000 | -358,000 | -535,000 | -476,000 | -426,000 | -383,000 | -399,000 | -490,000 | -427,000 | -277,000 | -259,000 | -283,000 | -227,000 | -172,000 | -485,000 | -223,000 | -161,000 | -91,000 | -62,500 | -106,000 | -49,000 | -60,000 | -257,000 | 35,000 | 1,000 | 149,000 | 5,000 | -106,000 | 76,000 | 233,000 | 178,000 | 153,000 | -512,000 | ||||||||||||||||||||||||||||||||||||
noncontrolling interest in subsidiaries | 165,500 | 212,000 | 212,000 | 238,000 | 217,000 | 181,000 | 143,000 | 181,000 | 192,000 | 230,000 | 154,000 | -34,000 | -50,000 | -39,000 | -38,000 | -38,000 | -40,000 | -17,000 | 41,000 | 70,000 | 55,000 | 74,000 | 85,000 | 7,000 | 88,000 | 78,000 | 47,000 | 57,000 | 59,000 | 76,000 | 268,000 | 67,000 | -140,000 | 41,000 | 12,000 | 3,000 | 3,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company’s common shareholders | 112,667,000 | 102,645,000 | 97,879,000 | 97,566,000 | 81,862,000 | 112,888,000 | 58,358,000 | 38,155,000 | 45,348,000 | 87,650,000 | 48,752,000 | 41,732,000 | 42,329,000 | 46,891,000 | 38,505,000 | 37,896,000 | 42,045,000 | 42,154,000 | 49,420,000 | 35,498,000 | 48,156,000 | 42,900,000 | 38,410,000 | 34,423,000 | 39,547,000 | 37,297,000 | 32,458,000 | 24,986,000 | 23,371,000 | 23,382,000 | 18,922,000 | 14,248,000 | 35,614,000 | 16,936,000 | 12,222,000 | 6,932,000 | 3,981,000 | 6,978,000 | 6,384,000 | 3,028,000 | -1,894,000 | -21,000 | 134,000 | 1,041,000 | -5,345,000 | ||||||||||||||||||||||||||||||||||||||||||
gains from sales of real estate | 3,883,000 | 28,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings (losses) of real estate ventures | 316,000 | 20,000 | -49,750 | 139,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (income) loss attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (losses) earnings of real estate ventures | -174,000 | -454,250 | -581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related costs | 232,000 | 235,000 | 668,000 | 159,000 | 759,000 | 888,000 | 2,563,000 | 2,342,000 | 816,000 | 1,222,000 | 753,000 | 510,000 | 3,826,000 | 1,258,000 | -1,679,000 | -558,250 | -470,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 41,227,250 | 59,596,000 | 54,900,000 | 50,413,000 | 55,511,000 | 52,279,000 | 47,534,000 | 40,391,000 | 41,698,000 | 39,511,000 | 33,017,000 | 28,726,000 | 31,796,000 | 29,705,000 | 25,708,000 | 20,679,000 | 17,813,000 | 23,126,000 | 22,711,000 | 20,293,000 | 18,226,000 | 16,907,000 | 15,591,000 | 10,191,000 | 9,240,000 | 8,305,000 | 7,927,000 | 7,707,000 | 10,838,000 | 13,987,000 | 11,533,000 | 10,328,000 | 9,585,000 | 10,256,000 | 7,129,000 | 7,904,000 | 7,569,000 | 8,256,000 | 6,684,000 | 9,009,000 | 8,824,000 | 9,681,000 | 8,193,000 | 9,229,000 | 8,143,000 | 9,513,000 | 11,491,000 | 9,500,000 | 7,457,000 | 10,339,000 | 11,335,000 | 9,010,000 | -26,680,000 | 7,895,000 | 9,797,000 | 7,873,000 | -18,637,000 | 7,895,000 | |||||||||||||||||||||||||||||
yoy | -25.73% | 14.00% | 15.50% | 24.81% | 33.13% | 32.32% | 43.97% | 40.61% | 31.14% | 33.01% | 28.43% | 38.91% | 78.50% | 28.45% | 13.20% | 1.90% | -2.27% | 36.78% | 45.67% | 99.13% | 97.25% | 103.58% | 96.68% | 32.23% | -14.74% | -40.62% | -31.27% | -25.38% | 13.07% | 36.38% | 61.78% | 30.67% | 26.63% | 24.22% | 6.66% | -12.27% | -14.22% | -14.72% | -18.42% | -2.38% | 8.36% | 1.77% | -28.70% | -2.85% | 9.20% | -7.99% | 1.38% | 5.44% | -138.75% | 43.57% | -8.03% | -142.36% | 24.09% | ||||||||||||||||||||||||||||||||||
qoq | -30.82% | 8.55% | 8.90% | -9.18% | 6.18% | 9.98% | 17.68% | -3.13% | 5.54% | 19.67% | 14.94% | -9.66% | 7.04% | 15.55% | 24.32% | 16.09% | -22.97% | 1.83% | 11.92% | 11.34% | 7.80% | 8.44% | 52.99% | 10.29% | 11.26% | 4.77% | 2.85% | -28.89% | -22.51% | 21.28% | 11.67% | 7.75% | -6.54% | 43.86% | -9.81% | 4.43% | -8.32% | 23.52% | -25.81% | 2.10% | -8.85% | 18.16% | -11.23% | 13.34% | -14.40% | -17.21% | 20.96% | 27.40% | -27.88% | -8.79% | 25.80% | -437.94% | -19.41% | 24.44% | -336.06% | ||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 26.79% | 38.86% | 37.14% | 35.28% | 38.69% | 36.34% | 34.31% | 30.36% | 31.46% | 29.91% | 26.10% | 24.17% | 27.65% | 25.61% | 23.40% | 19.94% | 17.77% | 23.82% | 24.60% | 23.25% | 22.24% | 20.41% | 18.94% | 12.99% | 12.32% | 11.20% | 11.43% | 11.47% | 17.03% | 23.14% | 19.41% | 17.95% | 18.38% | 17.99% | 13.02% | 14.88% | 14.30% | 15.05% | 11.72% | 15.62% | 15.10% | 15.94% | 13.56% | 15.37% | 13.70% | 16.32% | 20.41% | 17.11% | 13.53% | 18.33% | 21.62% | 18.72% | 32.52% | 35.43% | 29.00% | 26.50% | 45.18% | 35.43% | ||
equity in losses of real estate ventures | -80,000 | -292,000 | -309,000 | -184,000 | -81,000 | -280,000 | -253,000 | -772,000 | -724,000 | -512,000 | -100,000 | -238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to preferred shareholders | -539,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,126,500 | -1,502,000 | -1,126,500 | -1,502,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of real estate | 475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 37,741,000 | 18,620,000 | 13,873,000 | 8,522,000 | 5,542,000 | 8,591,000 | 7,993,000 | 4,240,000 | 5,407,000 | 5,884,000 | 2,576,000 | -2,299 | -4,384 | 1,892,000 | -5,185 | -5,345 | -3,062,815 | 4,040,000 | -906 | 476,000 | -9,841,387 | -1,527 | -4,521 | -3,475 | -3,953 | -4,011 | -4,860 | -2,577 | -102,500 | -2,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 336,000 | -56,000 | 1,407,000 | 184,000 | 977,000 | 246,000 | 185,000 | 361,000 | 1,895,000 | 1,863,000 | 49,000 | 204,000 | 684,000 | 72,000 | 9,000 | 6,377,000 | 7,244,000 | 5,011,000 | 561,000 | 348,000 | 1,964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total discontinued operations | 336,000 | 17,846,000 | 10,717,000 | 412,000 | 4,385,000 | 159,000 | 6,452,000 | 561,000 | 3,888,000 | 1,808 | 3,689,000 | 49,000 | 813,000 | 11,594,000 | 2,194,000 | 509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share from continuing operations attributable to common shareholders | 0.21 | 0.1 | 0.07 | 0.04 | 0.02 | 0.05 | 0.04 | 0.02 | 0.03 | 0.01 | -0.023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share from discontinued operations attributable to common shareholders | 0.13 | 0.08 | 0.015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share from continuing operations attributable to common shareholders | 0.21 | 0.1 | 0.07 | 0.04 | 0.02 | 0.05 | 0.04 | 0.02 | 0.03 | 0.01 | -0.023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share from discontinued operations attributable to common shareholders | 0.13 | 0.08 | 0.015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts attributable to the company’s common shareholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of real estate venture | -1,239,500 | -1,860,000 | -1,369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from disposition of discontinued operations | 17,902,000 | 9,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in subsidiaries | -3,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of discontinued operations | 228,000 | 3,408,000 | 197,000 | 376,000 | 3,527,000 | 6,296,000 | 7,544,000 | 5,308,000 | 571,000 | 395,000 | 2,122,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to preferred shares | -1,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from remeasurement of investment in real estate venture | 7,023,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the company’s | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shareholders | 3,498,500 | 14,840,000 | 1,048,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) income from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) from continuing operations | 1,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (income) attributable to noncontrolling interests | 242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share from continuing operations attributable to common shareholders | -0.02 | -0.04 | -0.04 | -0.01 | -0.02 | -0.02 | -0.05 | -0.04 | -0.04 | -0.05 | -0.08 | -0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share from discontinued operations attributable to common shareholders | 0.01 | 0.05 | 0.04 | 0.02 | 0.14 | 0.03 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share attributable to common shareholders | -0.01 | -0.04 | -0.05 | -0.04 | -0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average basic and diluted shares outstanding | 132,951 | 124,548 | 122,599 | 122,266 | 102,976 | 98,844 | 98,769 | 93,998 | 93,724 | 92,925 | 92,834 | 70,988 | 75,248 | 58,165 | 57,687 | 57,635 | 57,620 | 57,593 | 57,537 | 57,421 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement amortization expense - early repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from early repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on dispositions of discontinued operations | 6,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share attributable to common shareholders | 0.01 | 0.02 | 0.07 | 0.01 | 0.02 | -0.02 | -0.04 | 0.09 | -0.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 5,250 | 7,000 | 5,000 | 9,000 | 5,000 | 19,000 | 62,000 | 535,000 | 432,000 | 150,000 | 55,000 | 44,000 | 27,000 | 34,000 | 32,000 | 59,000 | 93,000 | 104,000 | 91,000 | 115,000 | 203,000 | 95,000 | 159,000 | 884,000 | 16,750 | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share from continuing operations attributable to common shareholders | 0.003 | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on disposition of discontinued operations | 609,000 | 10,910,000 | 2,122,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other - related party | 25,000 | 101,000 | 122,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses - related party | 8,000 | 14,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease abandonment | 1,316,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative - related party | 118,000 | 118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests and discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 279,000 | 284,000 | 407,000 | 397,000 | 563,000 | 364,000 | 149,000 | 304,000 | 524,000 | 176,000 | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 631,000 | 338,000 | 145,000 | 39,000 | -16,000 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest attributable to discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share from continuing operations | -0.06 | -0.06 | -0.08 | -0.08 | -0.04 | -0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share from discontinued operations | 0.1 | 0.13 | 0.09 | 0.01 | 0.01 | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 0.04 | 0.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share and unit | 0.025 | 0.18 | 0.18 | 0.18 | 0.18 | 0.29 | 0.29 | 0.29 | 0.218 | 0.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 20,251,000 | 19,950,000 | 19,717,000 | 17,068,000 | 16,722,000 | 16,767,000 | 17,918,000 | 16,405,000 | 15,734,000 | 14,672,000 | -21,833,000 | 5,322,000 | 8,744,000 | 8,021,000 | -9,509,000 | 5,322,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before minority interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted income per share | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share | -0.07 | -0.033 | -0.07 | -0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset write-off | -2,000 | 307,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write-off of loan procurement cost due to early extinguishment of debt | -318,250 | -1,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share from continuing operations | -0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other—related party | 117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses—related party | 37,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative—related party | 101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests | -745,500 | -2,117,000 | -32,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses — related party | 11,750 | 15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative — related party | 130,750 | 73,000 | 273,000 | 177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | -0.013 | -0.03 | -0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | -0.013 | -0.03 | -0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expense — related party | 12,000 | 20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share | 0.29 | 0.29 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest | -1,732,000 | 1,459,250 | -2,271,000 | 2,300,000 | 1,677,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 145,000 | 1,249,000 | -96,000 | -60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees—related party | 1,185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -5,663,750 | -7,298,000 | 7,142,000 | 5,807,000 | 12,610,000 | -7,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share | 0.038 | 0.06 | 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share | 0.038 | 0.06 | 0.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average basic common shares outstanding | 37,477,920 | 37,477,920 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per share of common stock | -0.639 | 0.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees to related party | 856,250 | 1,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discountinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of storage facilities |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage properties | 8,108,076,000 | 8,098,390,000 | 8,084,827,000 | 7,628,774,000 | 7,422,281,000 | 7,415,426,000 | 7,397,588,000 | 7,367,613,000 | 7,332,817,000 | 7,323,638,000 | 7,303,888,000 | 7,295,778,000 | 7,284,661,000 | 7,268,162,000 | 7,232,103,000 | 7,183,494,000 | 5,573,816,000 | 5,536,376,000 | 5,492,183,000 | 5,489,754,000 | 4,814,261,000 | 4,802,024,000 | 4,716,549,000 | 4,699,844,000 | 4,674,717,000 | 4,640,556,000 | 4,489,732,000 | 4,463,455,000 | 4,323,372,000 | 4,237,717,000 | 4,201,909,000 | 4,086,960,000 | 4,071,098,000 | 4,020,366,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
less: accumulated depreciation | -1,730,103,000 | -1,684,787,000 | -1,638,631,000 | -1,590,588,000 | -1,544,603,000 | -1,503,487,000 | -1,458,854,000 | -1,416,377,000 | -1,375,321,000 | -1,333,907,000 | -1,290,075,000 | -1,247,775,000 | -1,207,230,000 | -1,174,746,000 | -1,130,001,000 | -1,085,824,000 | -1,047,322,000 | -1,026,337,000 | -997,712,000 | -983,940,000 | -980,312,000 | -972,536,000 | -944,958,000 | -925,359,000 | -936,862,000 | -905,403,000 | -884,941,000 | -862,487,000 | -838,325,000 | -807,625,000 | -785,010,000 | -723,702,000 | -719,214,000 | -693,146,000 | -685,771,000 | -652,657,000 | -622,824,000 | -594,049,000 | -569,493,000 | -549,206,000 | -520,114,000 | -466,516,000 | -419,460,000 | -380,621,000 | -367,336,000 | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 108,393,000 | 8,741,000 | 10,751,000 | 71,560,000 | 43,507,000 | 5,656,000 | 5,587,000 | 6,526,000 | 8,028,000 | 9,220,000 | 5,510,000 | 6,064,000 | 5,183,000 | 5,148,000 | 7,890,000 | 11,140,000 | 20,332,000 | 3,989,000 | 3,650,000 | 3,592,000 | 3,903,000 | 3,457,000 | 35,719,000 | 54,857,000 | 7,293,000 | 11,103,000 | 3,533,000 | 3,764,000 | 3,387,000 | 6,487,000 | 6,036,000 | 6,230,000 | 8,077,000 | 3,081,000 | 87,379,000 | 3,423,000 | 2,754,000 | 62,869,000 | 3,018,000 | 3,167,000 | 3,017,000 | 2,901,000 | 31,264,000 | 10,789,000 | 3,235,000 | 3,176,000 | 2,940,000 | 4,021,000 | 2,625,000 | 4,495,000 | 2,707,000 | 137,796,000 | 7,465,000 | 9,069,000 | 12,491,000 | 1,845,000 | 4,089,000 | 5,891,000 | 23,203,000 | 31,877,000 | 41,524,000 | 102,768,000 | 60,967,000 | 1,657,000 | 1,577,000 | 3,744,000 | 2,540,000 | 651,000 | 5,625,000 | 4,517,000 | 5,903,000 | 3,443,000 | 5,649,000 | 15,900,000 | 13,479,000 | 19,789,000 | 201,098,000 | 14,814,000 | ||||
restricted cash | 6,364,000 | 5,591,000 | 5,003,000 | 6,103,000 | 1,848,000 | 1,614,000 | 2,026,000 | 1,691,000 | 1,872,000 | 1,925,000 | 3,272,000 | 2,861,000 | 3,021,000 | 2,956,000 | 2,573,000 | 2,178,000 | 39,738,000 | 2,238,000 | 2,342,000 | 2,637,000 | 2,815,000 | 2,935,000 | 2,760,000 | 3,584,000 | 5,555,000 | 4,280,000 | 3,008,000 | 2,718,000 | 3,092,000 | 3,037,000 | 2,946,000 | 4,189,000 | 4,164,000 | 6,556,000 | 8,052,000 | 9,017,000 | 2,652,000 | 24,600,000 | 2,746,000 | 3,229,000 | 3,675,000 | 3,305,000 | 4,254,000 | 3,587,000 | 3,964,000 | 4,025,000 | 4,226,000 | 4,540,000 | 5,484,000 | 6,070,000 | 7,579,000 | 6,618,000 | 11,486,000 | 11,291,000 | 11,228,000 | 9,747,000 | 9,612,000 | 10,250,000 | 15,528,000 | 13,961,000 | 13,521,000 | 16,381,000 | 16,524,000 | 18,798,000 | 16,244,000 | 16,217,000 | 18,618,000 | 18,199,000 | 16,090,000 | 15,818,000 | 19,449,000 | 16,865,000 | 15,508,000 | 14,714,000 | 15,396,000 | 13,982,000 | 14,672,000 | 15,484,000 | 14,090,000 | 8,430,000 | 7,211,000 | 6,042,000 |
loan procurement costs, net of amortization | 1,781,000 | 2,098,000 | 2,415,000 | 2,731,000 | 3,048,000 | 3,364,000 | 3,681,000 | 3,995,000 | 4,278,000 | 4,591,000 | 4,907,000 | 5,182,000 | 1,719,000 | 1,826,000 | 2,074,000 | 2,322,000 | 2,587,000 | 2,836,000 | 3,029,000 | 3,275,000 | 3,382,000 | 3,609,000 | 3,834,000 | 4,059,000 | 4,284,000 | 4,505,000 | 793,000 | 963,000 | 1,134,000 | 1,298,000 | 1,463,000 | 1,709,000 | 1,875,000 | 2,038,000 | 2,313,000 | 2,475,000 | 2,637,000 | 13,470,000 | 11,240,000 | 11,778,000 | 10,173,000 | 10,653,000 | 11,194,000 | 11,543,000 | 12,086,000 | 12,687,000 | 8,885,000 | 9,421,000 | 7,777,000 | 8,253,000 | 8,943,000 | 9,190,000 | 7,643,000 | 8,073,000 | 11,574,000 | 12,672,000 | 14,034,000 | 15,611,000 | 17,351,000 | 16,458,000 | 18,006,000 | 18,366,000 | 5,924,000 | 5,392,000 | 3,584,000 | |||||||||||||||||
investment in real estate ventures, at equity | 74,320,000 | 74,640,000 | 76,042,000 | 91,973,000 | 92,161,000 | 94,053,000 | 96,227,000 | 98,288,000 | 99,670,000 | 101,482,000 | 103,687,000 | 105,993,000 | 107,755,000 | 114,527,000 | 117,025,000 | 119,751,000 | 111,354,000 | 97,301,000 | 93,797,000 | 92,071,000 | 92,249,000 | 93,697,000 | 95,174,000 | 91,117,000 | 88,812,000 | 86,914,000 | 94,092,000 | 95,796,000 | 98,156,000 | 100,614,000 | 99,085,000 | 91,455,000 | 93,757,000 | 95,936,000 | 97,405,000 | 99,915,000 | 100,477,000 | 97,281,000 | 154,467,000 | 14,087,000 | 14,564,000 | 15,181,000 | 15,438,000 | |||||||||||||||||||||||||||||||||||||||
other assets | 188,827,000 | 204,647,000 | 199,873,000 | 183,628,000 | 174,173,000 | 167,830,000 | 162,633,000 | 163,284,000 | 161,881,000 | 172,137,000 | 156,052,000 | 153,982,000 | 171,797,000 | 208,611,000 | 226,553,000 | 265,705,000 | 134,369,000 | 154,829,000 | 157,189,000 | 170,753,000 | 92,272,000 | 91,154,000 | 93,684,000 | 101,443,000 | 104,128,000 | 105,514,000 | 107,972,000 | 48,763,000 | 49,234,000 | 43,232,000 | 39,105,000 | 36,178,000 | 33,481,000 | 31,284,000 | 41,067,000 | 39,240,000 | 41,326,000 | 43,631,000 | 40,511,000 | 42,188,000 | 39,129,000 | 48,642,000 | 43,263,000 | 41,400,000 | 27,420,000 | 27,256,000 | 25,920,000 | 30,072,000 | 27,928,000 | 41,794,000 | 49,982,000 | 33,128,000 | 40,684,000 | 43,645,000 | 19,182,000 | 22,637,000 | 17,860,000 | 18,576,000 | 19,934,000 | 19,257,000 | 10,016,000 | 10,710,000 | 31,578,000 | 11,780,000 | 8,599,000 | 10,909,000 | 10,679,000 | 14,270,000 | 14,560,000 | 10,361,000 | 6,205,000 | 8,332,000 | 7,734,000 | 8,983,000 | 8,631,000 | 10,946,000 | 5,244,000 | 3,651,000 | 3,399,000 | 6,968,000 | ||
total assets | 6,757,658,000 | 6,709,320,000 | 6,740,280,000 | 6,394,181,000 | 6,192,415,000 | 6,184,456,000 | 6,208,888,000 | 6,225,020,000 | 6,233,225,000 | 6,281,149,000 | 6,291,005,000 | 6,325,830,000 | 6,371,170,000 | 6,428,799,000 | 6,461,541,000 | 6,548,079,000 | 4,836,054,000 | 4,771,232,000 | 4,754,478,000 | 4,778,142,000 | 4,028,570,000 | 4,024,340,000 | 4,002,762,000 | 4,029,545,000 | 3,950,330,000 | 3,947,469,000 | 3,814,189,000 | 3,752,972,000 | 3,640,050,000 | 3,584,760,000 | 3,565,534,000 | 3,503,019,000 | 3,493,238,000 | 3,466,115,000 | 3,519,199,000 | 3,362,509,000 | 3,206,687,000 | 3,114,834,000 | 2,929,906,000 | 2,863,953,000 | 2,808,000,000 | 2,786,339,000 | 2,544,966,000 | 2,503,123,000 | 2,442,531,000 | 2,358,624,000 | 2,203,163,000 | 2,197,722,000 | 2,112,933,000 | 2,150,319,000 | 2,167,713,000 | 2,088,978,000 | 1,937,913,000 | 1,875,979,000 | 1,503,118,000 | 1,509,462,000 | 1,475,707,000 | 1,478,819,000 | 1,497,194,000 | 1,485,034,000 | 1,501,976,000 | 1,598,870,000 | 1,567,523,000 | 1,562,712,000 | 1,575,053,000 | 1,597,659,000 | 1,623,022,000 | 1,657,425,000 | 1,681,755,000 | 1,687,831,000 | 1,698,729,000 | 1,587,558,000 | 1,607,435,000 | 1,624,765,000 | 1,551,179,000 | 1,512,329,000 | 1,481,488,000 | 1,192,132,000 | 879,613,000 | 818,673,000 | 775,874,000 | |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | 3,223,866,000 | 2,782,701,000 | 2,781,666,000 | 2,780,631,000 | 2,779,596,000 | 2,778,560,000 | 2,777,525,000 | 2,776,490,000 | 2,775,455,000 | 2,774,420,000 | 2,773,385,000 | 2,772,350,000 | 2,771,315,000 | 2,770,280,000 | 2,769,245,000 | 2,768,209,000 | 2,032,253,000 | 2,031,626,000 | 2,030,999,000 | 2,030,372,000 | 1,837,219,000 | 1,836,721,000 | 1,836,223,000 | 1,835,725,000 | 1,489,483,000 | 1,489,088,000 | 1,488,692,000 | 1,143,524,000 | 1,143,258,000 | 1,142,992,000 | 1,142,726,000 | 1,142,194,000 | 1,141,928,000 | 1,039,423,000 | 1,038,728,000 | 742,402,000 | 742,153,000 | 750,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||
revolving credit facility | 366,300,000 | 382,400,000 | 10,600,000 | 18,400,000 | 18,100,000 | 15,200,000 | 63,200,000 | 61,400,000 | 60,900,000 | 86,000,000 | 168,900,000 | 185,400,000 | 209,900,000 | 24,600,000 | 52,800,000 | 117,800,000 | 37,300,000 | 15,400,000 | 237,980,000 | 257,150,000 | 96,145,000 | 195,525,000 | 94,250,000 | 47,700,000 | 136,400,000 | 66,700,000 | 60,000,000 | 53,000,000 | 150,000,000 | 54,300,000 | 167,800,000 | 161,600,000 | 80,000,000 | 78,000,000 | 56,900,000 | 70,600,000 | 38,600,000 | 88,300,000 | 110,000,000 | 30,000,000 | 45,000,000 | 65,500,000 | 50,000,000 | 9,000,000 | 40,500,000 | 43,000,000 | 104,000,000 | 163,000,000 | 172,000,000 | 182,700,000 | 212,200,000 | 235,000,000 | 219,000,000 | 191,500,000 | 107,500,000 | 107,500,000 | 170,500,000 | 88,000,000 | 46,000,000 | 108,300,000 | ||||||||||||||||||||||
mortgage loans and notes payable | 204,681,000 | 205,092,000 | 205,500,000 | 205,915,000 | 94,788,000 | 95,388,000 | 127,239,000 | 128,186,000 | 129,130,000 | 130,070,000 | 161,711,000 | 162,918,000 | 164,116,000 | 165,305,000 | 166,489,000 | 167,676,000 | 168,855,000 | 170,025,000 | 171,189,000 | 216,504,000 | 93,707,000 | 94,488,000 | 95,263,000 | 96,040,000 | 96,810,000 | 106,596,000 | 107,414,000 | 108,246,000 | 109,058,000 | 109,851,000 | 110,635,000 | 112,214,000 | 112,977,000 | 107,647,000 | 115,393,000 | 138,716,000 | 101,716,000 | 112,212,000 | 120,444,000 | 142,292,000 | 196,868,000 | 195,851,000 | 215,849,000 | 224,232,000 | 226,025,000 | 200,218,000 | 206,100,000 | 214,453,000 | 226,460,000 | 228,759,000 | 258,849,000 | 244,756,000 | 387,802,000 | 358,441,000 | 346,018,000 | 347,645,000 | 382,541,000 | 372,457,000 | 456,174,000 | 465,854,000 | 483,324,000 | 569,026,000 | 528,118,000 | 593,182,000 | 545,461,000 | 548,085,000 | 551,256,000 | 556,441,000 | 559,609,000 | 561,057,000 | 580,294,000 | 583,427,000 | 586,804,000 | |||||||||
lease liabilities - finance leases | 65,612,000 | 65,636,000 | 65,649,000 | 65,668,000 | 65,677,000 | 65,685,000 | 65,699,000 | 65,714,000 | 65,720,000 | 65,727,000 | 65,740,000 | 65,758,000 | 65,764,000 | 65,771,000 | 65,783,000 | 65,801,000 | 65,807,000 | 65,798,000 | 65,710,000 | 65,599,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 246,162,000 | 237,415,000 | 220,271,000 | 229,581,000 | 223,516,000 | 230,287,000 | 202,800,000 | 201,419,000 | 222,052,000 | 214,733,000 | 188,199,000 | 213,297,000 | 218,181,000 | 217,040,000 | 197,685,000 | 199,985,000 | 177,328,000 | 176,854,000 | 166,025,000 | 159,140,000 | 153,568,000 | 165,635,000 | 136,310,000 | 137,880,000 | 150,532,000 | 164,533,000 | 168,174,000 | 149,914,000 | 153,185,000 | 146,223,000 | 122,703,000 | 139,368,000 | 126,621,000 | 104,200,000 | 93,854,000 | 96,795,000 | 96,245,000 | 85,034,000 | 88,259,000 | 81,805,000 | 70,116,000 | 69,198,000 | 63,139,000 | 57,847,000 | 49,627,000 | 57,599,000 | 55,113,000 | 54,241,000 | 52,405,000 | 60,708,000 | 63,033,000 | 55,453,000 | 46,263,000 | 51,025,000 | 50,028,000 | 37,105,000 | 32,104,000 | 36,172,000 | 40,646,000 | 35,400,000 | 27,749,000 | 33,767,000 | 38,908,000 | 32,212,000 | 29,927,000 | 39,410,000 | ||||||||||||||||
distributions payable | 119,676,000 | 119,678,000 | 119,639,000 | 119,600,000 | 116,420,000 | 116,014,000 | 115,918,000 | 115,820,000 | 111,279,000 | 111,280,000 | 111,215,000 | 111,190,000 | 97,492,000 | 97,444,000 | 97,439,000 | 97,417,000 | 71,696,000 | 71,277,000 | 70,854,000 | 68,301,000 | 64,711,000 | 64,703,000 | 64,691,000 | 64,688,000 | 62,645,000 | 62,029,000 | 60,978,000 | 60,627,000 | 56,584,000 | 56,442,000 | 55,382,000 | 49,407,000 | 49,382,000 | 49,255,000 | 39,781,000 | 39,449,000 | 39,210,000 | 38,685,000 | 29,241,000 | 28,685,000 | 28,480,000 | 28,137,000 | 21,799,000 | 20,960,000 | 20,321,000 | 19,955,000 | 16,813,000 | 16,550,000 | 16,455,000 | 16,419,000 | 12,110,000 | 11,712,000 | 11,710,000 | 11,401,000 | 7,293,000 | 7,260,000 | 7,292,000 | 7,275,000 | 2,515,000 | 2,435,000 | 2,456,000 | 2,448,000 | 2,445,000 | 1,630,000 | 1,582,000 | 1,572,000 | 11,325,000 | 11,324,000 | 11,326,000 | 11,300,000 | 18,236,000 | 18,196,000 | 18,192,000 | 18,184,000 | 16,658,000 | 16,652,000 | 16,624,000 | 10,498,000 | 10,457,000 | 10,498,000 | 7,532,000 | |
deferred revenue | 42,723,000 | 43,224,000 | 42,348,000 | 38,918,000 | 39,786,000 | 40,576,000 | 39,268,000 | 38,483,000 | 40,169,000 | 40,245,000 | 39,484,000 | 38,757,000 | 40,777,000 | 40,124,000 | 38,493,000 | 37,144,000 | 33,871,000 | 32,519,000 | 30,974,000 | 29,087,000 | 27,595,000 | 26,787,000 | 25,662,000 | 25,313,000 | 25,611,000 | 25,230,000 | 23,485,000 | 22,595,000 | 23,072,000 | 23,521,000 | 22,671,000 | 21,765,000 | 21,964,000 | 21,132,000 | 20,141,000 | 19,868,000 | 18,673,000 | 17,519,000 | 17,079,000 | 17,141,000 | 16,242,000 | 15,311,000 | 14,491,000 | 14,632,000 | 13,567,000 | 12,394,000 | 12,338,000 | 12,682,000 | 11,866,000 | 11,090,000 | 10,950,000 | 10,607,000 | 10,630,000 | 9,568,000 | 9,326,000 | 9,532,000 | 9,272,000 | 8,873,000 | 8,893,000 | 8,932,000 | 9,008,000 | 8,449,000 | 8,653,000 | 9,484,000 | 9,900,000 | 9,725,000 | 10,460,000 | 10,908,000 | 11,044,000 | 10,148,000 | 10,229,000 | 10,437,000 | 10,429,000 | 10,365,000 | 10,235,000 | |||||||
total liabilities | 3,902,720,000 | 3,820,046,000 | 3,817,473,000 | 3,440,313,000 | 3,319,783,000 | 3,337,110,000 | 3,346,849,000 | 3,344,212,000 | 3,360,082,000 | 3,402,163,000 | 3,403,844,000 | 3,428,030,000 | 3,446,907,000 | 3,526,280,000 | 3,522,095,000 | 3,549,699,000 | 2,550,996,000 | 2,573,782,000 | 2,589,630,000 | 2,687,880,000 | 2,214,591,000 | 2,204,216,000 | 2,158,627,000 | 2,160,121,000 | 2,063,584,000 | 2,105,098,000 | 2,045,215,000 | 1,980,704,000 | 1,879,582,000 | 1,826,810,000 | 1,890,500,000 | 1,831,357,000 | 1,812,489,000 | 1,773,962,000 | 1,706,925,000 | 1,586,098,000 | 1,451,019,000 | 1,403,853,000 | 1,323,941,000 | 1,331,926,000 | 1,292,105,000 | 1,286,898,000 | 1,215,672,000 | 1,274,963,000 | 1,280,527,000 | 1,229,142,000 | 1,130,027,000 | 1,158,353,000 | 1,087,623,000 | 1,112,420,000 | 1,160,929,000 | 1,073,029,000 | 906,911,000 | 830,925,000 | 713,141,000 | 711,032,000 | 672,206,000 | 668,266,000 | 708,762,000 | 713,049,000 | 722,995,000 | 814,146,000 | 778,738,000 | 987,427,000 | 1,007,747,000 | 1,028,705,000 | 1,047,727,000 | 1,076,912,000 | 1,093,513,000 | 1,083,230,000 | 1,075,901,000 | 942,155,000 | 944,670,000 | 915,993,000 | 820,342,000 | 763,433,000 | 714,376,000 | 779,264,000 | 519,679,000 | 448,632,000 | 405,432,000 | 570,563,000 |
noncontrolling interests in the operating partnership | 44,858,000 | 46,888,000 | 48,784,000 | 51,193,000 | 66,330,000 | 55,930,000 | 58,253,000 | 60,276,000 | 51,877,000 | 63,352,000 | 65,565,000 | 57,419,000 | 58,508,000 | 62,393,000 | 75,991,000 | 108,220,000 | 339,557,000 | 337,417,000 | 278,649,000 | 249,414,000 | 69,573,000 | 51,407,000 | 53,845,000 | 62,088,000 | 65,108,000 | 62,385,000 | 60,414,000 | 55,819,000 | 58,446,000 | 64,512,000 | 57,705,000 | 48,759,000 | 59,416,000 | 52,735,000 | 60,541,000 | 68,581,000 | 71,916,000 | 66,128,000 | 60,180,000 | 52,472,000 | 54,446,000 | 49,823,000 | 40,590,000 | 41,430,000 | 38,807,000 | 36,275,000 | 40,688,000 | 36,446,000 | 36,036,000 | 47,990,000 | 56,740,000 | 51,450,000 | 55,622,000 | 49,732,000 | 42,521,000 | 49,789,000 | 49,835,000 | 45,145,000 | 43,871,000 | 44,731,000 | 45,086,000 | 45,394,000 | 46,057,000 | |||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares .01 par value... | 2,280,000 | 2,280,000 | 2,279,000 | 2,278,000 | 2,260,000 | 2,252,000 | 2,250,000 | 2,249,000 | 2,249,000 | 2,248,000 | 2,247,000 | 2,246,000 | 2,246,000 | 2,245,000 | 2,244,000 | 2,239,000 | 2,033,000 | 2,018,000 | 2,004,000 | 1,974,000 | 1,937,000 | 1,937,000 | 1,936,000 | 1,936,000 | 1,936,000 | 1,916,000 | 1,881,000 | 1,871,000 | 1,863,000 | 1,859,000 | 1,823,000 | 1,809,000 | 1,802,000 | 1,802,000 | 1,799,000 | 1,782,000 | 1,771,000 | 1,747,000 | 1,709,000 | 1,674,000 | 1,661,000 | 1,639,000 | 1,532,000 | 1,471,000 | 1,422,000 | 1,393,000 | 1,365,000 | 1,344,000 | 1,332,000 | 1,318,000 | 1,274,000 | 1,227,000 | 1,224,000 | 1,221,000 | 990,000 | 989,000 | 988,000 | 986,000 | 954,000 | 930,000 | 929,000 | 927,000 | 923,000 | 601,000 | 577,000 | 576,000 | 576,000 | 576,000 | 576,000 | 576,000 | 576,000 | 575,000 | 574,000 | |||||||||
additional paid-in capital | 4,295,941,000 | 4,293,182,000 | 4,287,772,000 | 4,285,570,000 | 4,195,449,000 | 4,154,269,000 | 4,144,972,000 | 4,142,229,000 | 4,137,466,000 | 4,132,621,000 | 4,128,563,000 | 4,125,478,000 | 4,121,824,000 | 4,114,149,000 | 4,112,183,000 | 4,088,392,000 | 3,037,520,000 | 2,961,696,000 | 2,909,730,000 | 2,805,673,000 | 2,682,671,000 | 2,680,468,000 | 2,675,867,000 | 2,674,745,000 | 2,673,440,000 | 2,610,939,000 | 2,519,750,000 | 2,500,751,000 | 2,472,839,000 | 2,458,521,000 | 2,356,759,000 | 2,323,878,000 | 2,306,086,000 | 2,313,350,000 | 2,381,836,000 | 2,332,742,000 | 2,299,527,000 | 2,231,181,000 | 2,127,252,000 | 2,040,861,000 | 2,011,695,000 | 1,974,308,000 | 1,542,703,000 | 1,492,055,000 | 974,111,000 | 812,247,000 | 801,887,000 | |||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -270,000 | -290,000 | -310,000 | -330,000 | -351,000 | -371,000 | -391,000 | -411,000 | -431,000 | -451,000 | -471,000 | -491,000 | -511,000 | -531,000 | -551,000 | -570,000 | -575,000 | -594,000 | -613,000 | -632,000 | -669,000 | -689,000 | -709,000 | -729,000 | -749,000 | -769,000 | -789,000 | -363,000 | -666,000 | -1,023,000 | -3,247,000 | -4,623,000 | -5,302,000 | -4,978,000 | -8,824,000 | -8,378,000 | -9,835,000 | -8,558,000 | -10,360,000 | -12,626,000 | -18,839,000 | |||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -1,515,815,000 | -1,481,494,000 | -1,445,520,000 | -1,415,662,000 | -1,411,850,000 | -1,386,056,000 | -1,364,723,000 | -1,345,239,000 | -1,332,081,000 | -1,333,148,000 | -1,322,576,000 | -1,301,030,000 | -1,271,905,000 | -1,291,916,000 | -1,266,804,000 | -1,218,498,000 | -1,113,025,000 | -1,116,596,000 | -1,033,519,000 | -974,799,000 | -947,477,000 | -920,964,000 | -894,773,000 | -876,606,000 | -860,985,000 | -838,197,000 | -823,473,000 | -791,915,000 | -779,533,000 | -773,849,000 | -748,499,000 | -708,404,000 | -691,778,000 | -680,919,000 | -634,248,000 | -627,689,000 | -613,734,000 | -584,654,000 | -576,086,000 | -556,385,000 | -543,860,000 | -487,357,000 | -459,335,000 | -448,519,000 | -429,736,000 | -147,802,000 | -126,181,000 | -109,492,000 | -91,253,000 | |||||||||||||||||||||||||||||||||
total cubesmart shareholders’ equity | 2,782,136,000 | 2,813,678,000 | 2,844,221,000 | 2,871,856,000 | 2,785,508,000 | 2,770,094,000 | 2,782,108,000 | 2,798,828,000 | 2,807,203,000 | 2,801,270,000 | 2,807,763,000 | 2,826,203,000 | 2,851,654,000 | 2,823,947,000 | 2,847,072,000 | 2,871,563,000 | 1,925,953,000 | 1,846,524,000 | 1,877,602,000 | 1,832,216,000 | 1,736,462,000 | 1,760,752,000 | 1,782,321,000 | 1,799,346,000 | 1,813,642,000 | 1,773,889,000 | 1,697,369,000 | 1,709,678,000 | 1,695,169,000 | 1,686,531,000 | 1,610,362,000 | 1,616,920,000 | 1,615,444,000 | 1,633,210,000 | 1,746,171,000 | 1,702,243,000 | 1,682,293,000 | 1,643,327,000 | 1,544,082,000 | 1,477,803,000 | 1,459,692,000 | 1,448,026,000 | 1,287,166,000 | 1,185,235,000 | 1,121,752,000 | 1,092,276,000 | 1,032,306,000 | 1,002,808,000 | 989,166,000 | 989,791,000 | 949,929,000 | 925,890,000 | 936,382,000 | 955,913,000 | 707,973,000 | |||||||||||||||||||||||||||
noncontrolling interests in subsidiaries | 27,944,000 | 28,708,000 | 29,802,000 | 30,819,000 | 20,794,000 | 21,322,000 | 21,678,000 | 21,704,000 | 14,063,000 | 14,364,000 | 13,833,000 | 14,178,000 | 14,101,000 | 16,179,000 | 16,383,000 | 18,597,000 | 19,548,000 | 13,509,000 | 8,597,000 | 8,632,000 | 7,944,000 | 7,965,000 | 7,969,000 | 7,990,000 | 7,996,000 | 6,097,000 | 11,191,000 | 6,771,000 | 6,853,000 | 6,907,000 | 6,967,000 | 5,983,000 | 5,889,000 | 6,208,000 | 5,562,000 | 5,587,000 | 1,459,000 | 1,526,000 | 1,703,000 | 1,752,000 | 1,757,000 | 1,592,000 | 1,538,000 | 1,495,000 | 931,000 | 142,000 | 41,192,000 | 44,021,000 | 44,728,000 | |||||||||||||||||||||||||||||||||
total equity | 2,810,080,000 | 2,842,386,000 | 2,874,023,000 | 2,902,675,000 | 2,806,302,000 | 2,791,416,000 | 2,803,786,000 | 2,820,532,000 | 2,821,266,000 | 2,815,634,000 | 2,821,596,000 | 2,840,381,000 | 2,865,755,000 | 2,840,126,000 | 2,863,455,000 | 2,890,160,000 | 1,945,501,000 | 1,860,033,000 | 1,886,199,000 | 1,840,848,000 | 1,744,406,000 | 1,768,717,000 | 1,790,290,000 | 1,807,336,000 | 1,821,638,000 | 1,779,986,000 | 1,708,560,000 | 1,716,449,000 | 1,702,022,000 | 1,693,438,000 | 1,617,329,000 | 1,622,903,000 | 1,621,333,000 | 1,639,418,000 | 1,751,733,000 | 1,707,830,000 | 1,683,752,000 | 1,644,853,000 | 1,545,785,000 | 1,479,555,000 | 1,461,449,000 | 1,449,618,000 | 1,288,704,000 | 1,186,730,000 | 1,123,197,000 | 1,093,207,000 | 1,032,448,000 | 1,002,923,000 | 989,274,000 | 989,909,000 | 950,044,000 | 964,499,000 | 975,380,000 | 995,322,000 | 747,456,000 | 748,641,000 | 753,666,000 | 765,408,000 | 744,561,000 | 727,254,000 | 733,895,000 | 739,330,000 | 742,728,000 | |||||||||||||||||||
total liabilities and equity | 6,757,658,000 | 6,709,320,000 | 6,740,280,000 | 6,394,181,000 | 6,192,415,000 | 6,184,456,000 | 6,208,888,000 | 6,225,020,000 | 6,233,225,000 | 6,281,149,000 | 6,291,005,000 | 6,325,830,000 | 6,371,170,000 | 6,428,799,000 | 6,461,541,000 | 6,548,079,000 | 4,836,054,000 | 4,771,232,000 | 4,754,478,000 | 4,778,142,000 | 4,028,570,000 | 4,024,340,000 | 4,002,762,000 | 4,029,545,000 | 3,950,330,000 | 3,947,469,000 | 3,814,189,000 | 3,752,972,000 | 3,640,050,000 | 3,584,760,000 | 3,565,534,000 | 3,503,019,000 | 3,493,238,000 | 3,466,115,000 | 3,519,199,000 | 3,362,509,000 | 3,206,687,000 | 3,114,834,000 | 2,929,906,000 | 2,863,953,000 | 2,808,000,000 | 2,786,339,000 | 2,544,966,000 | 2,503,123,000 | 2,442,531,000 | 2,358,624,000 | 2,203,163,000 | 2,197,722,000 | 2,112,933,000 | 2,150,319,000 | 2,167,713,000 | 2,088,978,000 | 1,937,913,000 | 1,875,979,000 | 1,503,118,000 | 1,509,462,000 | 1,475,707,000 | 1,478,819,000 | 1,497,194,000 | 1,485,034,000 | 1,501,976,000 | 1,598,870,000 | 1,567,523,000 | 1,562,712,000 | 1,575,053,000 | |||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 2,063,000 | 3,764,000 | 3,745,000 | 4,264,000 | 2,315,000 | 3,324,000 | 49,313,000 | 1,180,000 | 2,403,000 | 27,505,000 | 67,924,000 | 6,452,000 | 4,738,000 | 1,867,000 | 6,417,000 | 2,378,000 | 7,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 1,402,000 | 1,633,000 | 1,773,000 | 2,227,000 | 390,000 | 475,000 | 2,502,000 | 81,000 | 53,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
security deposits | 1,077,000 | 1,086,000 | 1,077,000 | 1,087,000 | 1,035,000 | 1,026,000 | 1,086,000 | 1,065,000 | 1,105,000 | 1,083,000 | 1,079,000 | 1,077,000 | 491,000 | 482,000 | 478,000 | 475,000 | 470,000 | 472,000 | 466,000 | 474,000 | 476,000 | 483,000 | 486,000 | 414,000 | 422,000 | 415,000 | 420,000 | 402,000 | 397,000 | 403,000 | 393,000 | 403,000 | 399,000 | 401,000 | 394,000 | 392,000 | 387,000 | 376,000 | 388,000 | 427,000 | 437,000 | 444,000 | 487,000 | 501,000 | 506,000 | 490,000 | 476,000 | 490,000 | 497,000 | 489,000 | 512,000 | 428,000 | 458,000 | 456,000 | 457,000 | 472,000 | 458,000 | 472,000 | 491,000 | 522,000 | 553,000 | 548,000 | 594,000 | 608,000 | 632,000 | 682,000 | 670,000 | 683,000 | 685,000 | 741,000 | 609,000 | 603,000 | 455,000 | 364,000 | ||||||||
unsecured term loans | 99,861,000 | 299,799,000 | 299,699,000 | 299,598,000 | 299,497,000 | 299,295,000 | 299,195,000 | 398,890,000 | 398,608,000 | 398,466,000 | 398,325,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 400,000,000 | 300,000,000 | 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -1,029,000 | 279,000 | 165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities | 3,968,754,000 | 3,861,096,000 | 3,679,665,000 | 3,467,032,000 | 3,323,554,000 | 3,260,426,000 | 3,178,202,000 | 3,117,198,000 | 2,823,186,000 | 2,776,835,000 | 2,660,819,000 | 2,553,706,000 | 2,473,889,000 | 2,536,592,000 | 2,436,455,000 | 2,443,022,000 | 2,432,415,000 | 2,226,295,000 | 2,190,998,000 | 2,107,469,000 | 1,740,880,000 | 1,781,331,000 | 1,737,681,000 | 1,743,021,000 | 1,745,625,000 | 1,739,617,000 | 1,743,312,000 | 1,774,542,000 | 1,784,520,000 | 1,869,114,000 | 1,882,654,000 | 1,888,123,000 | 1,893,869,000 | 1,925,616,000 | 1,929,658,000 | 1,916,396,000 | 1,904,179,000 | 1,784,051,000 | 1,794,139,000 | |||||||||||||||||||||||||||||||||||||||||||
7.75% series a preferred shares .01 par value... | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate venture, at equity | 90,825,000 | 92,371,000 | 93,918,000 | 95,709,000 | 98,321,000 | 101,013,000 | 156,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities held for sale | 725,000 | 975,000 | 22,000 | 157,000 | 22,000 | 251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid in capital | 1,781,518,000 | 1,669,327,000 | 1,589,994,000 | 1,457,271,000 | 1,436,378,000 | 1,418,463,000 | 1,357,888,000 | 1,315,424,000 | 1,310,755,000 | 1,309,505,000 | 1,030,847,000 | 1,028,640,000 | 1,027,594,000 | 1,026,952,000 | 998,894,000 | 977,211,000 | 976,145,000 | 974,926,000 | 801,029,000 | 800,039,000 | 799,300,000 | 798,734,000 | 797,940,000 | 797,262,000 | 796,076,000 | 794,901,000 | 797,039,000 | 797,543,000 | 797,103,000 | 795,244,000 | 399,312,000 | 396,932,000 | 396,797,000 | 396,662,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in subsidiaries | 1,445,000 | 115,000 | 108,000 | 118,000 | 115,000 | 38,609,000 | 38,998,000 | 39,409,000 | 39,483,000 | 40,178,000 | 40,665,000 | 41,862,000 | 42,567,000 | 43,364,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loan | 500,000,000 | 400,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes, net of discounts | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total u-store-it trust shareholders’ equity | 708,463,000 | 713,001,000 | 724,216,000 | 702,699,000 | 684,687,000 | 690,531,000 | 695,309,000 | 698,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 256,000 | 2,532,000 | 20,112,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured term loan | 200,000,000 | 200,000,000 | 200,000,000 | 46,447,000 | 57,419,000 | 57,419,000 | 57,419,000 | 57,419,000 | 47,444,000 | 47,444,000 | 47,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests of the company | 45,649,000 | 45,833,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 529,636,000 | 521,473,000 | 522,928,000 | 528,614,000 | 533,389,000 | 540,472,000 | 555,619,000 | 572,379,000 | 592,482,000 | 607,756,000 | 649,810,000 | 670,078,000 | 686,601,000 | 703,004,000 | 333,911,000 | 342,659,000 | 350,714,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement costs - net of amortization | 4,453,000 | 4,781,000 | 5,284,000 | 5,648,000 | 6,108,000 | 6,390,000 | 6,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related parties | 110,000 | 110,000 | 119,000 | 119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests, including unitholders in the operating partnership | 46,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 1,597,659,000 | 1,623,022,000 | 1,657,425,000 | 1,681,755,000 | 1,687,831,000 | 1,698,729,000 | 1,587,558,000 | 1,607,435,000 | 1,624,765,000 | 1,551,179,000 | 1,512,329,000 | 1,481,488,000 | 1,192,132,000 | 879,613,000 | 818,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets - net of amortization | 8,279,000 | 10,031,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 33,825,000 | 28,098,000 | 33,623,000 | 27,494,000 | 21,868,000 | 20,994,000 | 22,465,000 | 19,262,000 | 16,206,000 | 18,798,000 | 18,557,000 | 12,234,000 | 9,698,000 | 10,958,000 | 13,254,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 46,681,000 | 47,124,000 | 47,770,000 | 48,982,000 | 50,449,000 | 52,921,000 | 55,009,000 | 58,962,000 | 60,759,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other | 28,537,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due from related parties | 1,358,000 | 554,000 | 307,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement costs—net of amortization | 7,132,000 | 7,541,000 | 9,298,000 | 9,714,000 | 6,932,000 | 7,210,000 | 7,624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities—net | 1,577,971,000 | 1,504,919,000 | 1,459,183,000 | 1,141,895,000 | 847,539,000 | 791,131,000 | 729,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans payable | 693,694,000 | 685,423,000 | 673,828,000 | 669,282,000 | 632,660,000 | 489,372,000 | 421,400,000 | 380,496,000 | 549,510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due to related party | 103,000 | 94,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, .01 par value... | 573,000 | 572,000 | 572,000 | 570,000 | 373,000 | 373,000 | 373,000 | 373,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned share grant compensation | -1,856,000 | -1,582,000 | -1,557,000 | -21,000 | -82,000 | -145,000 | -225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets due from related parties | 678,000 | 355,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses due to related party | 83,000 | 74,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents received in advance | 9,981,000 | 8,857,000 | 8,436,000 | 6,917,000 | 6,319,000 | 5,835,000 | 4,573,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 62,295,000 | 64,108,000 | 14,799,000 | 17,275,000 | 19,327,000 | 11,062,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities — net | 1,246,295,000 | 510,398,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement costs — net of amortization | 10,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 56,000 | 72,000 | 90,000 | 114,000 | 156,000 | 182,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement costs—net | 8,993,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conditionally redeemable operating partnership units | 64,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained deficit | -65,753,000 | -54,564,000 | -46,311,000 | -37,430,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 5,808,000 | 8,251,000 | 28,485,000 | 4,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’/owners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued management fees—related parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’/owners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’/owners’ equity | 359,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’/owners’ equity | 775,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement costs — net of amortization of 5,385 at september 30 and 3,633 at december 31 | 8,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 536,366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and accumulated equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued management fees — related parties | 380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable — related party | 2,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated equity | -34,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 21,277,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property related income | 1,004,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 22,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 7,879,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 5,322,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees to related party | 1,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 14,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 7,895,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -7,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement amortization expense | -2,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -10,166,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -2,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discountinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of storage facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -2,271,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2005-10-21 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-10-21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 82,416,000 | 82,432,000 | 88,745,000 | 101,891,000 | 100,950,000 | 94,186,000 | 94,858,000 | 113,137,000 | 103,073,000 | 98,283,000 | 97,942,000 | 82,172,000 | 113,440,000 | 58,594,000 | 38,266,000 | 46,563,000 | 90,569,000 | 50,366,000 | 43,315,000 | 42,958,000 | 47,404,000 | 38,932,000 | 38,317,000 | 42,510,000 | 42,597,000 | 49,878,000 | 35,786,000 | 48,636,000 | 43,302,000 | 38,751,000 | 34,799,000 | 39,858,000 | 37,709,000 | 32,838,000 | 25,206,000 | 27,047,000 | 25,091,000 | 20,383,000 | 15,855,000 | 37,741,000 | 18,620,000 | 13,873,000 | 8,522,000 | 5,542,000 | 8,591,000 | 7,993,000 | 4,576,000 | 23,253,000 | 16,601,000 | 2,568,000 | -428,000 | 1,480,000 | 2,051,000 | 3,355,000 | -3,258,000 | -7,545,000 | 7,928,000 | 1,588,000 | 476,000 | 2,677,000 | -1,115,000 | -4,389,000 | -3,192,000 | -2,463,000 | 7,503,000 | -3,086,000 | -2,286,000 | 2,490,000 | 4,021,000 | 265,000 | -3,984,000 | -5,877,000 | -4,130,000 | 288,000 | -3,358,000 | -1,116,000 | -2,709,000 | 1,665,000 | 2,204,000 | 1,617,000 | -29,488,000 |
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including amortization of loan procurement costs | 67,946,000 | 67,709,000 | 60,377,000 | 53,777,000 | 52,196,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash portion of interest expense related to finance leases | -24,000 | -13,000 | -19,000 | -9,000 | -8,000 | -14,000 | -15,000 | -6,000 | -7,000 | -13,000 | -18,000 | -6,000 | -7,000 | -12,000 | -18,000 | -6,000 | 9,000 | 88,000 | 111,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of real estate ventures | -648,000 | -547,000 | -379,000 | -811,000 | -418,000 | -425,000 | -845,000 | -1,603,000 | -1,141,000 | -790,000 | -2,551,000 | -1,345,000 | -46,558,000 | -680,000 | -294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed from real estate ventures | 1,062,000 | 987,000 | 1,023,000 | 1,208,000 | 1,128,000 | 1,103,000 | 1,222,000 | -5,354,000 | 2,959,000 | 3,000,000 | 4,862,000 | 3,112,000 | 53,336,000 | 3,183,000 | 3,025,000 | 51,468,000 | 8,270,000 | 1,897,000 | 4,958,000 | 1,680,000 | 1,417,000 | 1,334,000 | 1,815,000 | 1,583,000 | 1,646,000 | 1,795,000 | 2,072,000 | 2,287,000 | 2,173,000 | 1,989,000 | 2,257,000 | 9,671,000 | 2,090,000 | 1,933,000 | 2,090,000 | 2,143,000 | 2,254,000 | 1,925,000 | 1,791,000 | ||||||||||||||||||||||||||||||||||||||||||
equity compensation expense | 2,889,000 | 2,504,000 | 3,208,000 | 2,897,000 | 2,903,000 | 2,858,000 | 2,829,000 | 2,559,000 | 2,545,000 | 2,449,000 | 2,536,000 | 2,277,000 | 2,299,000 | 2,312,000 | 2,193,000 | 2,021,000 | 2,024,000 | 2,001,000 | 2,042,000 | 1,766,000 | 1,771,000 | 1,732,000 | 1,871,000 | 1,704,000 | 1,676,000 | 1,695,000 | 1,619,000 | 1,376,000 | 1,382,000 | 1,222,000 | 1,592,000 | 1,407,000 | 1,406,000 | 1,418,000 | 1,355,000 | 1,229,000 | 1,189,000 | 1,202,000 | -408,000 | 905,000 | 795,000 | 1,000,000 | -545,000 | 1,320,000 | 363,000 | 1,566,000 | 1,484,000 | 1,538,000 | 1,029,000 | 1,481,000 | 1,431,000 | 1,155,000 | 483,000 | 966,000 | 756,000 | 900,000 | 582,000 | 955,000 | 952,000 | 695,000 | 1,039,000 | 807,000 | 875,000 | 856,000 | 858,000 | 177,000 | 876,000 | 813,000 | 856,000 | 544,000 | 542,000 | 526,000 | 228,000 | 634,000 | 1,635,000 | 196,000 | 198,000 | 215,000 | |||
accretion of fair market value adjustment of debt | 83,000 | 10,000 | 12,000 | -1,000 | -5,000 | -117,000 | -172,000 | -172,000 | -183,000 | -271,000 | -260,000 | -269,000 | -279,000 | -282,000 | -269,000 | -407,000 | -510,000 | -513,000 | -607,000 | 271,000 | -176,000 | -178,000 | -176,000 | -177,000 | -181,000 | -181,000 | -179,000 | -182,000 | -184,000 | -186,000 | -183,000 | -186,000 | -148,000 | -96,000 | -129,000 | -225,000 | -409,000 | -268,000 | -236,000 | -256,000 | -370,000 | -408,000 | -395,000 | -351,000 | |||||||||||||||||||||||||||||||||||||
changes in other operating accounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 4,732,000 | -15,723,000 | 4,065,000 | 5,263,000 | -6,662,000 | -6,126,000 | 56,000 | -86,000 | 8,836,000 | -15,571,000 | -3,317,000 | -749,000 | 4,740,000 | -4,578,000 | 4,085,000 | -2,213,000 | 4,901,000 | -10,217,000 | -1,718,000 | -2,710,000 | -7,288,000 | -2,419,000 | 2,743,000 | 1,516,000 | -5,706,000 | 824,000 | -3,212,000 | 828,000 | -1,583,000 | -2,830,000 | -1,352,000 | 373,000 | -4,375,000 | -3,412,000 | -1,431,000 | 2,903,000 | -3,203,000 | -4,438,000 | 808,000 | 758,000 | 619,000 | -4,032,000 | 136,000 | 2,147,000 | 892,000 | 2,549,000 | 668,000 | 1,475,000 | -831,000 | 826,000 | -1,328,000 | 2,758,000 | 348,000 | -1,532,000 | 1,745,000 | -3,238,000 | -1,517,000 | -177,000 | 3,450,000 | ||||||||||||||||||||||
accounts payable and accrued expenses | 10,266,000 | 19,244,000 | -12,405,000 | 2,119,000 | -3,898,000 | 26,039,000 | -235,000 | -18,312,000 | 4,311,000 | 25,009,000 | -10,912,000 | -5,587,000 | 7,380,000 | 16,691,000 | 1,911,000 | -4,526,000 | -42,000 | 21,114,000 | -1,675,000 | -7,932,000 | -2,086,000 | 27,683,000 | -3,743,000 | -13,294,000 | -73,000 | 17,603,000 | 1,806,000 | -8,168,000 | 505,000 | 15,874,000 | -5,558,000 | -7,742,000 | 5,815,000 | 10,178,000 | 2,595,000 | -9,699,000 | 11,670,000 | 878,000 | 5,013,000 | -6,524,000 | 2,780,000 | 6,705,000 | -3,399,000 | 168,000 | -6,800,000 | 3,013,000 | 452,000 | -495,000 | -2,196,000 | 4,218,000 | -3,461,000 | 3,162,000 | 3,034,000 | -793,000 | 5,211,000 | 2,097,000 | -1,094,000 | -5,795,000 | |||||||||||||||||||||||
other liabilities | -501,000 | 876,000 | 1,694,000 | -1,668,000 | -790,000 | 1,308,000 | 705,000 | -1,752,000 | -85,000 | 770,000 | 717,000 | -1,968,000 | 634,000 | 1,519,000 | 1,347,000 | -847,000 | 1,379,000 | 1,502,000 | 1,889,000 | -239,000 | 817,000 | 996,000 | 340,000 | -453,000 | 361,000 | 1,080,000 | 833,000 | -898,000 | -651,000 | 786,000 | 1,105,000 | -249,000 | -207,000 | 701,000 | 909,000 | -122,000 | -89,000 | 999,000 | 661,000 | 63,000 | -100,000 | 802,000 | 715,000 | -366,000 | -368,000 | 666,000 | 647,000 | -172,000 | 78,000 | 368,000 | 821,000 | 99,000 | -746,000 | 27,000 | 774,000 | -22,000 | -81,000 | 310,000 | -70,000 | -158,000 | -106,000 | 561,000 | 164,000 | -224,000 | -109,000 | 858,000 | -74,000 | -222,000 | 70,000 | 572,000 | -326,000 | -273,000 | -24,000 | 51,000 | 204,000 | ||||||
net cash from operating activities | 168,221,000 | 157,479,000 | 146,321,000 | 164,666,000 | 145,396,000 | 170,862,000 | 150,150,000 | 146,001,000 | 168,364,000 | 161,265,000 | 135,506,000 | 144,970,000 | 162,192,000 | 153,569,000 | 130,735,000 | 106,245,000 | 125,582,000 | 119,176,000 | 98,182,000 | 83,202,000 | 79,316,000 | 107,566,000 | 80,949,000 | 71,916,000 | 82,588,000 | 101,806,000 | 75,458,000 | 69,773,000 | 78,880,000 | 89,550,000 | 66,132,000 | 69,158,000 | 76,771,000 | 79,566,000 | 67,943,000 | 62,105,000 | 77,444,000 | 62,044,000 | 61,933,000 | 53,214,000 | 61,803,000 | 57,263,000 | 43,425,000 | 47,100,000 | 47,353,000 | 40,998,000 | 30,581,000 | 38,971,000 | 38,580,000 | 38,850,000 | 26,461,000 | 21,263,000 | 38,570,000 | 37,842,000 | 20,753,000 | 19,952,000 | 26,208,000 | 22,920,000 | 15,247,000 | 20,570,000 | 23,509,000 | 16,554,000 | 10,884,000 | 15,232,000 | 19,820,000 | 15,873,000 | 11,289,000 | 13,807,000 | 24,315,000 | 17,155,000 | 11,735,000 | 17,337,000 | 20,981,000 | 11,612,000 | 12,944,000 | 17,793,000 | 11,940,000 | 15,442,000 | 12,249,000 | 9,219,000 | -14,025,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 168,221,000 | 157,479,000 | 146,321,000 | 164,666,000 | 145,396,000 | 170,862,000 | 150,150,000 | 146,001,000 | 168,364,000 | 161,265,000 | 135,506,000 | 144,970,000 | 162,192,000 | 153,569,000 | 130,735,000 | 106,245,000 | 125,582,000 | 119,176,000 | 98,182,000 | 83,202,000 | 79,316,000 | 107,566,000 | 80,949,000 | 71,916,000 | 82,588,000 | 101,806,000 | 75,458,000 | 69,773,000 | 78,880,000 | 89,550,000 | 66,132,000 | 69,158,000 | 76,771,000 | 79,566,000 | 67,943,000 | 62,105,000 | 77,444,000 | 62,044,000 | 61,933,000 | 53,214,000 | 61,803,000 | 57,263,000 | 43,425,000 | 47,100,000 | 47,353,000 | 40,998,000 | 30,581,000 | 38,971,000 | 38,580,000 | 38,850,000 | 26,461,000 | 21,263,000 | 38,570,000 | 37,842,000 | 20,753,000 | 19,952,000 | 26,208,000 | 22,920,000 | 15,247,000 | 20,570,000 | 23,509,000 | 16,554,000 | 10,884,000 | 15,232,000 | 19,820,000 | 15,873,000 | 11,289,000 | 13,807,000 | 24,315,000 | 17,155,000 | 11,735,000 | 17,337,000 | 20,981,000 | 11,612,000 | 12,944,000 | 17,793,000 | 11,940,000 | 15,442,000 | 12,249,000 | 9,219,000 | -14,025,000 |
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of storage properties | -21,805,000 | -450,000 | 0 | -20,147,000 | 0 | -20,461,000 | -28,782,000 | -39,761,000 | -86,092,000 | -33,939,000 | -335,020,000 | -10,154,000 | -63,724,000 | -9,090,000 | -54,499,000 | -18,082,000 | -20,320,000 | -25,097,000 | -131,111,000 | -58,470,000 | -20,895,000 | -4,034,000 | -55,754,000 | -466,000 | -12,809,000 | -600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions and improvements to storage properties | -14,205,000 | -14,776,000 | -9,370,000 | -10,438,000 | -12,069,000 | -11,412,000 | -9,656,000 | -8,211,000 | -6,368,000 | -14,124,000 | -11,150,000 | -13,740,000 | -9,881,000 | -9,857,000 | -7,755,000 | -6,680,000 | -9,422,000 | -10,612,000 | -7,894,000 | -7,889,000 | -11,196,000 | -18,849,000 | -11,923,000 | -9,049,000 | -12,036,000 | -10,331,000 | -6,153,000 | -8,452,000 | -6,515,000 | -7,265,000 | -5,394,000 | -5,617,000 | -7,529,000 | -8,950,000 | -6,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||
development costs | -7,259,000 | -10,247,000 | -8,017,000 | -6,470,000 | -6,961,000 | -10,427,000 | -6,101,000 | -13,293,000 | -6,510,000 | -9,651,000 | -18,067,000 | -6,913,000 | -4,134,000 | -5,526,000 | -7,785,000 | -9,104,000 | -27,729,000 | -22,122,000 | -10,932,000 | -21,123,000 | -15,983,000 | -8,471,000 | -9,709,000 | -8,575,000 | -22,567,000 | -21,936,000 | -49,748,000 | -16,287,000 | -16,514,000 | -13,538,000 | -39,663,000 | -14,928,000 | -28,708,000 | -6,657,000 | -14,366,000 | -9,577,000 | -39,640,000 | -66,223,000 | -28,273,000 | -22,916,000 | -21,373,000 | -27,871,000 | -9,155,000 | -7,488,000 | |||||||||||||||||||||||||||||||||||||
cash paid for partner's interest in real estate venture, net of cash acquired | 0 | 0 | -451,141,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate ventures | -985,000 | -6,000 | -5,000 | -305,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -21,558,000 | -24,061,000 | -467,334,000 | -101,098,000 | -18,298,000 | -20,343,000 | -34,220,000 | -38,991,000 | -9,687,000 | -20,780,000 | -24,360,000 | -17,546,000 | 18,854,000 | -40,987,000 | -9,088,000 | -1,722,719,000 | -41,979,000 | -67,438,000 | -20,532,000 | -350,994,000 | -35,922,000 | -89,741,000 | -34,784,000 | -70,390,000 | -54,431,000 | -171,810,000 | -79,033,000 | -137,236,000 | -84,333,000 | -43,536,000 | -57,154,000 | -66,759,000 | -34,702,000 | -26,511,000 | -19,852,000 | -72,338,000 | -125,066,000 | -150,183,000 | -196,884,000 | -136,705,000 | -102,213,000 | -81,762,000 | -53,928,000 | -303,726,000 | -52,055,000 | -78,479,000 | -88,439,000 | -152,651,000 | -26,227,000 | -106,419,000 | 2,373,000 | -194,874,000 | -24,086,000 | -52,795,000 | -387,467,000 | 1,825,000 | -48,288,000 | -8,170,000 | -20,711,000 | -36,404,000 | -5,496,000 | 17,828,000 | 2,400,000 | 96,192,000 | 636,000 | -376,000 | 12,588,000 | 23,410,000 | 5,180,000 | -14,001,000 | -8,888,000 | -128,607,000 | 7,656,000 | -23,737,000 | -75,421,000 | -108,374,000 | -161,531,000 | -66,703,000 | -56,086,000 | -225,320,000 | |
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | 348,680,000 | 0 | 0 | 347,746,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 144,511,000 | 167,452,000 | 577,589,000 | 84,533,000 | 201,919,000 | 196,667,000 | 213,920,000 | 180,364,000 | 159,149,000 | 234,861,000 | 220,073,000 | 133,310,000 | 205,310,000 | 143,798,000 | 151,532,000 | 238,913,000 | 244,902,000 | 154,645,000 | 268,111,000 | 155,311,000 | 146,557,000 | 122,090,000 | 5,127,000 | 3,302,000 | 234,610,000 | 342,381,000 | 279,020,000 | 227,075,000 | 201,435,000 | 94,325,000 | 156,700,000 | 178,500,000 | 144,600,000 | 158,300,000 | 147,000,000 | 128,200,000 | 174,900,000 | 353,800,000 | 301,300,000 | 59,520,000 | 293,100,000 | 216,800,000 | 161,900,000 | 134,500,000 | 130,800,000 | 249,700,000 | 197,500,000 | 285,600,000 | 121,400,000 | 168,600,000 | 60,600,000 | 59,700,000 | 97,000,000 | 161,200,000 | 85,100,000 | 138,000,000 | 31,500,000 | 73,200,000 | 14,000,000 | 0 | 0 | 3,000,000 | 6,500,000 | 23,900,000 | -3,300,000 | 6,700,000 | 30,000,000 | 27,500,000 | 92,500,000 | 15,000,000 | 21,500,000 | 82,500,000 | |||||||||
principal payments on: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans and notes payable | -295,000 | -289,000 | -301,000 | -252,000 | -232,000 | -31,401,000 | -456,000 | -453,000 | -440,000 | -31,060,000 | -638,000 | -620,000 | -602,000 | -593,000 | -611,000 | -41,472,000 | -574,000 | -568,000 | -44,649,000 | -44,195,000 | -636,000 | -629,000 | -633,000 | -625,000 | -9,642,000 | -684,000 | -701,000 | -679,000 | -658,000 | -648,000 | -7,831,000 | -644,000 | -622,000 | -589,000 | -6,811,000 | -612,000 | -22,989,000 | -4,103,000 | -9,556,000 | -7,976,000 | -21,478,000 | -54,168,000 | -1,283,000 | -1,309,000 | 0 | 0 | 0 | 3,537,000 | 43,369,000 | 21,346,000 | |||||||||||||||||||||||||||||||
loan procurement costs | -30,000 | 0 | 0 | -39,000 | -3,749,000 | -2,919,000 | -78,000 | -392,000 | -2,634,000 | 0 | 0 | 0 | -2,150,000 | 0 | -2,264,000 | -19,000 | -57,000 | 17,000 | -261,000 | -1,994,000 | -2,631,000 | -57,000 | -9,000 | 129,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common shares | -111,000 | -122,000 | -167,000 | 85,550,000 | 32,768,000 | -39,000 | -9,000 | -51,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments upon net settlement of equity compensation | -20,000 | -183,000 | -3,047,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of stock options | 0 | 0 | 5,222,000 | 4,518,000 | 201,000 | 0 | 0 | 1,801,000 | 915,000 | 0 | 364,000 | 0 | 1,226,000 | 0 | 2,618,000 | 4,075,000 | 1,172,000 | 335,000 | 491,000 | 20,000 | 1,655,000 | 962,000 | 1,049,000 | 0 | 52,000 | 3,781,000 | 2,000 | 1,499,000 | 771,000 | 64,000 | 30,000 | 710,000 | 374,000 | 6,312,000 | 5,887,000 | 4,093,000 | 4,037,000 | 921,000 | 8,438,000 | 11,536,000 | 1,299,000 | 407,000 | 560,000 | 1,223,000 | 1,209,000 | 493,000 | 785,000 | 268,000 | 389,000 | 204,000 | 768,000 | 0 | 0 | 61,000 | 60,000 | 0 | 13,000 | 1,000 | 180,000 | ||||||||||||||||||||||
contributions from noncontrolling interests in subsidiaries | 63,000 | 0 | 0 | 309,000 | 303,000 | 0 | 0 | 6,300,000 | 0 | 8,000 | 74,000 | 105,000 | 738,000 | 341,000 | 172,000 | 135,000 | 410,000 | 352,000 | 51,000 | 0 | 0 | 0 | 178,000 | 47,000 | 47,000 | 33,000 | 515,000 | -2,000 | -4,000 | -5,000 | 12,000 | -5,000 | 4,000 | -3,000 | 19,000 | ||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests in subsidiaries | -157,000 | -165,000 | -112,000 | -109,000 | -130,000 | -54,000 | -125,000 | -66,000 | -89,000 | -54,000 | -107,000 | -56,000 | -5,237,000 | -61,000 | -2,033,000 | -108,000 | -31,000 | -38,000 | -69,000 | -44,000 | -60,000 | -42,000 | -59,000 | -46,000 | -68,000 | -8,000 | -66,000 | -35,000 | -54,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to common shareholders | -119,103,000 | -119,056,000 | -119,048,000 | -115,868,000 | -115,380,000 | -115,268,000 | -115,253,000 | -110,616,000 | -110,586,000 | -110,520,000 | -110,495,000 | -96,868,000 | -96,819,000 | -96,814,000 | -96,605,000 | -69,317,000 | -68,800,000 | -68,354,000 | -67,368,000 | -64,093,000 | -64,086,000 | -64,038,000 | -64,036,000 | -62,048,000 | -61,432,000 | -60,374,000 | -60,005,000 | -55,971,000 | -55,842,000 | -54,769,000 | -54,746,000 | -48,899,000 | -48,710,000 | -48,707,000 | -48,690,000 | -37,814,000 | -37,482,000 | -37,254,000 | -36,730,000 | -27,387,000 | -26,819,000 | -26,613,000 | -26,274,000 | -18,157,000 | |||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests in operating partnership | -574,000 | -594,000 | -621,000 | -628,000 | -632,000 | -657,000 | -663,000 | -667,000 | -695,000 | -695,000 | -699,000 | -628,000 | -628,000 | -628,000 | -818,000 | -2,383,000 | -2,477,000 | -2,504,000 | -933,000 | -623,000 | -618,000 | -649,000 | -650,000 | -596,000 | -597,000 | -603,000 | -623,000 | -614,000 | -602,000 | -614,000 | -563,000 | -507,000 | -668,000 | -548,000 | -549,000 | -467,000 | -467,000 | -453,000 | -454,000 | -354,000 | -362,000 | -361,000 | -361,000 | -296,000 | |||||||||||||||||||||||||||||||||||||
net cash from financing activities | -46,238,000 | -134,840,000 | 259,104,000 | -31,260,000 | -89,013,000 | -150,862,000 | -116,534,000 | -108,693,000 | -159,922,000 | -138,122,000 | -111,289,000 | -126,703,000 | -180,946,000 | -114,941,000 | -124,502,000 | 1,569,722,000 | -29,760,000 | -51,503,000 | -77,887,000 | 267,303,000 | -43,068,000 | -49,912,000 | -66,127,000 | 44,067,000 | -30,692,000 | 78,846,000 | 3,634,000 | 67,466,000 | 2,408,000 | -45,472,000 | -9,154,000 | -3,361,000 | -43,916,000 | -48,059,000 | -47,983,000 | -74,173,000 | 131,578,000 | 88,808,000 | 74,836,000 | 143,342,000 | 40,261,000 | 24,649,000 | 10,619,000 | 228,263,000 | 25,177,000 | 45,035,000 | 57,917,000 | 113,916,000 | -13,434,000 | 68,965,000 | -30,704,000 | -19,294,000 | 21,215,000 | 116,575,000 | 30,438,000 | 364,093,000 | -17,387,000 | 23,124,000 | -8,879,000 | 4,221,000 | -20,705,000 | -89,956,000 | 24,169,000 | -56,702,000 | -16,429,000 | -13,080,000 | -25,191,000 | -45,836,000 | -27,309,000 | 3,374,000 | -9,835,000 | 110,086,000 | -21,474,000 | -3,274,000 | 60,049,000 | 282,718,000 | 155,095,000 | 52,011,000 | 26,633,000 | 268,866,000 | |
change in cash, cash equivalents and restricted cash | 100,425,000 | -1,422,000 | -61,909,000 | 32,308,000 | 38,085,000 | -343,000 | -604,000 | -1,683,000 | -1,245,000 | 2,363,000 | -143,000 | 721,000 | 100,000 | -2,359,000 | -2,855,000 | -46,752,000 | 53,843,000 | 235,000 | -237,000 | -489,000 | 326,000 | -32,087,000 | -19,962,000 | 45,593,000 | -2,535,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 77,663,000 | 0 | 0 | 0 | 8,217,000 | 0 | 0 | 0 | 8,925,000 | 0 | 0 | 0 | 13,318,000 | 0 | 0 | 0 | 6,229,000 | 0 | 0 | 58,441,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 100,425,000 | -1,422,000 | 15,754,000 | 32,308,000 | 38,085,000 | -343,000 | 7,613,000 | -1,683,000 | -1,245,000 | 2,363,000 | 8,782,000 | 721,000 | 100,000 | -2,359,000 | 10,463,000 | -46,752,000 | 53,843,000 | 235,000 | 5,992,000 | 326,000 | -32,087,000 | 38,479,000 | -2,535,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow and noncash information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of interest capitalized | 36,578,000 | 21,394,000 | 32,319,000 | 14,656,000 | 31,049,000 | 15,353,000 | 31,551,000 | 15,199,000 | 31,942,000 | 16,155,000 | 32,202,000 | 17,121,000 | 34,486,000 | 15,961,000 | 24,725,000 | 15,538,000 | 24,786,000 | 15,290,000 | 23,534,000 | 17,855,000 | 25,211,000 | 14,074,000 | 23,652,000 | 16,107,000 | 20,956,000 | 16,302,000 | 15,918,000 | 18,035,000 | 15,693,000 | 17,803,000 | 15,298,000 | 16,933,000 | 15,064,000 | 15,532,000 | 15,878,000 | 14,975,000 | 11,231,000 | 16,123,000 | 10,756,000 | 10,649,000 | 11,674,000 | 11,778,000 | 12,115,000 | 11,784,000 | 13,036,000 | 12,385,000 | 12,819,000 | 6,980,000 | 13,628,000 | 8,163,000 | 14,359,000 | 7,853,000 | 7,695,000 | 9,443,000 | 8,587,000 | 8,466,000 | 8,429,000 | 8,212,000 | 8,158,000 | 8,737,000 | 9,669,000 | 9,695,000 | 10,245,000 | 9,498,000 | 11,566,000 | 11,365,000 | 11,335,000 | 12,702,000 | 12,358,000 | 13,319,000 | 13,912,000 | 14,670,000 | 13,250,000 | 13,247,000 | 12,785,000 | ||||||
supplemental disclosure of noncash activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative valuation adjustment | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 242,000 | -1,039,000 | 0 | 127,000 | 279,000 | 370,000 | 307,000 | 362,000 | 836,000 | 1,413,000 | 1,393,000 | 687,000 | -328,000 | 2,648,000 | -245,000 | 1,215,000 | -764,000 | -80,000 | 2,598,000 | -646,000 | 592,000 | 1,649,000 | -1,118,000 | 7,149,000 | 1,222,000 | 1,345,000 | -2,708,000 | -6,596,000 | 688,000 | -3,205,000 | -10,050,000 | 1,238,000 | 2,000,000 | 1,821,000 | 1,094,000 | ||||||||||||||||||||
gain on involuntary conversion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of controlling interest in consolidated joint ventures, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from involuntary conversion | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid upon vesting of restricted shares | -16,000 | -29,000 | -161,000 | -838,000 | -13,000 | -33,000 | -136,000 | -635,000 | -19,000 | -42,000 | -304,000 | -1,038,000 | -33,000 | -41,000 | -74,000 | -728,000 | -21,000 | -15,000 | -19,000 | -631,000 | -21,000 | -22,000 | -25,000 | -353,000 | -12,000 | -25,000 | -13,000 | -1,411,000 | -12,000 | -18,000 | -15,000 | -2,001,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumptions | 0 | 0 | 0 | 7,166,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of put liability | 0 | 611,000 | 611,000 | 1,222,000 | 2,444,000 | 2,444,000 | 2,066,000 | 2,823,000 | 3,201,000 | 2,924,000 | 896,000 | 896,000 | 1,224,000 | -637,000 | 3,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate | 0 | 0 | 0 | 0 | 43,193,000 | 6,678,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 51,747,000 | 51,596,000 | 51,015,000 | 51,399,000 | 51,369,000 | 70,445,000 | 80,543,000 | 80,005,000 | 83,514,000 | 73,338,000 | 56,883,000 | 55,151,000 | 54,845,000 | 38,172,000 | 38,837,000 | 40,646,000 | 41,592,000 | 41,800,000 | 44,066,000 | 41,434,000 | 39,066,000 | 38,677,000 | 35,817,000 | 35,624,000 | 35,545,000 | 35,434,000 | 36,548,000 | 37,512,000 | 38,825,000 | 39,940,000 | 42,482,000 | 42,059,000 | 39,961,000 | 37,646,000 | 39,281,000 | 38,745,000 | 38,441,000 | 37,129,000 | 32,188,000 | 31,030,000 | 28,656,000 | 27,261,000 | 29,710,000 | 29,738,000 | 30,365,000 | 32,661,000 | 30,615,000 | 27,811,000 | 27,486,000 | 22,311,000 | 16,960,000 | 17,223,000 | 17,208,000 | 17,814,000 | 17,156,000 | 17,963,000 | 17,917,000 | 18,219,000 | 19,186,000 | 19,284,000 | 19,219,000 | 18,735,000 | 20,270,000 | 20,661,000 | 20,466,000 | 20,590,000 | 17,316,000 | 17,100,000 | 17,212,000 | 17,068,000 | 12,941,000 | 11,438,000 | 9,129,000 | 8,394,000 | -14,422,000 | ||||||
loss on early extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from sales of real estate | -3,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of laaco, ltd., net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate ventures | -5,000 | -6,000 | -5,000 | -5,000 | -5,000 | -6,000 | -5,000 | -5,000 | -5,000 | -16,507,000 | -5,085,000 | -6,664,000 | -1,108,000 | -6,000 | -31,000 | -5,877,000 | -3,706,000 | -3,392,000 | -3,059,000 | -107,000 | -62,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt prepayment costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest in subsidiary | -369,000 | -2,618,000 | -27,618,000 | -5,172,000 | 0 | -1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on issuance of unsecured senior notes | 1,320,000 | 0 | 0 | 2,254,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | -55,000 | -91,000 | -13,000 | 5,054,000 | -41,000 | -123,000 | 765,676,000 | 57,845,000 | 42,429,000 | 99,688,000 | 120,959,000 | -44,000 | -70,000 | -118,000 | -29,000 | 61,232,000 | 110,521,000 | 24,580,000 | 23,494,000 | 12,913,000 | 95,466,000 | -43,000 | 29,861,000 | -41,000 | -105,000 | -72,000 | -29,000 | 47,548,000 | 25,712,000 | 62,891,000 | 97,399,000 | 80,185,000 | 27,036,000 | 29,442,000 | 180,041,000 | 109,842,000 | 79,960,000 | 46,163,000 | 47,790,000 | 32,112,000 | 18,874,000 | 1,514,000 | 42,936,000 | 202,567,000 | 27,135,000 | 20,067,000 | 161,321,000 | ||||||||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of op units | 177,933,000 | 0 | 1,460,000 | 0 | 4,782,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for partner's interest in real estate venture, net of cash, cash equivalents and restricted cash acquired | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loans | 0 | 0 | 0 | -200,000,000 | 0 | 0 | 0 | 0 | 200,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of hedge transactions | 0 | 0 | 0 | -807,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds held in escrow from real estate venture's sale of real estate | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash consideration for acquisition of partner's interest in real estate venture | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash drawdown on revolving credit facility | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of unsecured term loan through noncash drawdown on revolving credit facility | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (earnings) losses of real estate ventures | -816,000 | -316,000 | -20,000 | -182,000 | -152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses (earnings) of real estate ventures | 37,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of real estate ventures | 5,000 | -261,000 | 80,000 | 292,000 | 309,000 | 184,000 | 81,000 | 280,000 | 253,000 | 772,000 | 845,000 | 581,000 | 724,000 | 512,000 | 212,000 | -139,000 | 100,000 | 238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liability for acquisition of storage property | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of storage property to real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash, cash equivalents, and restricted cash | 59,000 | 3,000 | -3,045,000 | 542,000 | -176,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 6,482,000 | 0 | 0 | 9,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 6,541,000 | -3,045,000 | 542,000 | 8,982,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of liability | 4,070,000 | 6,806,000 | 7,266,000 | 9,527,000 | 9,527,000 | 8,034,000 | 8,034,000 | 8,033,000 | 19,219,000 | -3,712,000 | 7,886,000 | 5,508,000 | 3,994,000 | 3,808,000 | 3,619,000 | 3,620,000 | 1,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to preferred shareholders | -2,039,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | -1,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash - acquisition of storage properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred share redemption | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate ventures, at equity | -3,827,000 | -10,320,000 | -110,000 | -68,000 | -7,000 | -116,000 | -4,265,000 | -325,000 | -2,088,000 | -5,498,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liability for acquisition of noncontrolling interest in subsidiary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 182,000 | -257,000 | 174,000 | -159,000 | 187,000 | 132,000 | 505,000 | -233,000 | 236,000 | 317,000 | 478,000 | -288,000 | 379,000 | -26,000 | 49,000 | -544,000 | 405,000 | 657,000 | 238,000 | 13,000 | 3,192,000 | 102,000 | -183,000 | 765,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fundings of notes receivable | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes receivable | 0 | 0 | 0 | 5,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | -21,000 | -21,000 | -21,000 | 6,000 | -28,000 | 833,000 | -25,000 | 162,000 | -30,000 | 162,000 | -32,000 | -31,000 | 245,000 | -21,000 | -2,000 | 306,000 | 152,000 | 856,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents | -962,000 | -1,847,000 | 4,996,000 | 108,000 | -84,406,000 | 83,956,000 | 669,000 | -60,115,000 | 59,851,000 | -149,000 | 150,000 | 116,000 | 20,475,000 | 7,554,000 | 59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 2,901,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 150,000 | 3,017,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash - disposition of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | 35,000 | -215,000 | 268,000 | -337,000 | -120,000 | -483,000 | 354,000 | 74,000 | -10,000 | 297,000 | 25,000 | -256,000 | 21,000 | 132,000 | -105,000 | 124,000 | -1,000 | -76,000 | -24,000 | 252,000 | -214,000 | 195,000 | -52,000 | -197,000 | -19,000 | -197,000 | 501,000 | 268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 2,973,000 | 0 | 0 | 62,869,000 | 0 | 0 | 3,176,000 | 0 | 0 | 4,495,000 | 0 | 0 | 9,069,000 | 0 | 0 | 5,891,000 | 0 | 0 | 102,768,000 | 0 | 0 | 3,744,000 | 0 | 0 | 4,517,000 | 0 | 0 | 19,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -1,847,000 | 4,996,000 | 3,081,000 | 83,956,000 | 669,000 | 2,754,000 | 20,475,000 | 7,554,000 | 3,235,000 | -1,081,000 | 1,396,000 | 2,625,000 | -135,089,000 | 130,331,000 | 7,465,000 | 10,646,000 | -2,244,000 | 4,089,000 | -8,674,000 | -9,647,000 | 41,524,000 | 59,310,000 | 80,000 | 1,577,000 | 1,889,000 | -4,974,000 | 5,625,000 | 2,460,000 | -2,206,000 | 5,649,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of storage facilities | -78,377,000 | -77,120,000 | -158,457,000 | -113,874,000 | -76,225,000 | -44,280,000 | -41,347,000 | -44,143,000 | -135,103,000 | -76,619,000 | -39,300,000 | -86,886,000 | -6,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions and improvements to storage facilities | -9,811,000 | -6,652,000 | -6,609,000 | -6,359,000 | -6,462,000 | -6,926,000 | -4,948,000 | -5,112,000 | -162,515,000 | -61,618,000 | -54,966,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash - acquisition of storage facilities | 0 | 0 | -22,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumption - acquisitions of storage facilities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement amortization expense - early repayment of debt | 6,082,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash contributed to real estate ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests in subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from sale of real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash contributed to real estate venture | -1,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed from real estate venture | 1,685,000 | 1,447,000 | 1,553,000 | 1,515,000 | 1,432,000 | 52,425,000 | 1,524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumption - acquistions of storage facilities | 0 | 2,695,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from remeasurement of investment in real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for remaining interest in real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate venture, at equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of facilities | 88,180,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisition of noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interest in subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation of real estate venture | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in losses of real estate venture | 1,860,000 | 1,729,000 | 1,369,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumption - acquisition of storage facilities | 0 | 0 | 27,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of properties | 0 | 10,993,000 | 25,197,000 | 4,771,000 | 22,518,000 | 144,000 | 7,030,000 | 50,047,000 | 8,328,000 | 2,852,000 | 13,661,000 | 27,033,000 | 11,747,000 | 4,426,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from disposition of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in loss of real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of hedge transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions from real estate venture | 276,000 | 267,000 | 366,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes, net of discounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumption - acquisition of storage facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, additions and improvements to storage facilities | -118,799,000 | -48,658,000 | -53,307,000 | -25,599,000 | -48,336,000 | -8,043,000 | -35,093,000 | -38,716,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for remaining interest in real estate ventures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from by investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | -3,422,000 | 41,801,000 | 1,108,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related contingent consideration | -72,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on remeasurement of investment in real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan procurement amortization expense- early repayment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 36,000 | 1,787,000 | 2,000 | 1,389,000 | -1,567,000 | -440,000 | 2,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for acquisition of noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loan assumption at fair value | 44,644,000 | 25,506,000 | 36,961,000 | -38,000 | -78,000 | 8,021,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on dispositions of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests in the operating partnership | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate venture income in excess of distributions | 251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate venture loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales to noncontrolling interests | -33,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured term loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable originated upon disposition of property | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of notes receivable | 256,000 | 2,276,000 | 17,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | 682,000 | 1,034,000 | 984,000 | -5,646,000 | -1,120,000 | 1,663,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance settlements | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain deferral on sales to noncontrolling interests | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease abandonment charge | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, additions and improvements to storage facilities- related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to storage facilities | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposition of facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of fair market value of debt | -182,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset write-off | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
early extinguishment of debt | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 271,000 | -102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, additions and improvements to storage facilities - related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marketable securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured term loan | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term financing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term financing | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | -8,000 | -16,000 | -18,000 | -24,000 | -42,000 | 171,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to minority partners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions of facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisations of facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of properties | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities acquired through the assumption of a mortgage loan | 13,347,000 | 6,421,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets and liabilites (net) acquired as part of storage facility acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, additions and improvements to storage facilities—related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset write-offs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, additions and improvements to storage facilities — related party | -37,387,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales of assets | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans payable | 72,457,000 | 61,500,000 | 99,017,000 | -517,000 | -154,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholder distributions | -16,658,000 | -16,005,000 | -10,497,000 | -10,498,000 | -7,532,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest distributions | -1,512,000 | -1,228,000 | -426,000 | -428,000 | -267,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | 2,421,000 | 9,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 2,421,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities acquired through the issuance of limited partnership units in the operating partnership | 61,842,000 | -1,720,000 | 8,472,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets and liabilities (net) acquired as part of storage facility acquisitions | 1,022,000 | 233,000 | 852,000 | 138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs incurred to acquire management company — related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of storage facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of management company, net — related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sales of storage facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable — related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash contributions from owners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan made to owners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions to owners | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-payment penalty on debt extinguishment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -20,234,000 | 29,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of facilities from prior owners for operating partnership units: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recovery | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net income of subsidiaries | 195,000 | 96,000 | 60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of asset | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable—related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable related parties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash—beginning of period | 0 | 0 | 28,485,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash—end of period | 9,006,000 | -2,443,000 | 8,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities acquired through the assumption of mortgage loans | 82,921,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
storage facilities—net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from loan payable | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share compensation expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs incurred to acquire management company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in net loss of subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of storage facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of management company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposals of storage facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of management company from prior owners: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of 46 facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of three facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of four facilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate, from related party | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage loans, assumed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of partnership interests: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution related to step-up in basis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of minority interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
elimination of receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid to acquire the facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of owners’ deficit to additional paid in capital | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual for transfer of deferred financing fee assumed at merger date | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
record minority interest for limited partnership units in the operating partnership by reclassifying from additional paid in capital | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
items capitalized for funds yet to be disbursed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual for offering costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual for distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grant of deferred share units and restricted shares to management executives and trustees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activites: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
improvements to storage facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposals of storage facilities — net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash — beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash — end of period |