Extra Space Storage Inc(NYSE:EXR) 
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores compri...
Website: http://www.extraspace.com
Founded: 1977
Full Time Employees: 4,048
Sector: Real Estate
Industry: REIT-Industrial
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 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 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property rental | 733,213,000 | 734,225,000 | 735,581,000 | 721,004,000 | 704,380,000 | 707,234,000 | 710,874,000 | 697,100,000 | 688,044,000 | 696,982,000 | 650,887,000 | 440,747,000 | 433,962,000 | 438,096,000 | 428,787,000 | 408,044,000 | 379,808,000 | 364,542,000 | 351,355,000 | 321,500,000 | 303,593,000 | 301,084,000 | 290,423,000 | 279,312,000 | 286,703,000 | 288,673,000 | 290,917,000 | 279,584,000 | 271,003,000 | 266,598,000 | 266,728,000 | 258,128,000 | 247,886,000 | 246,351,000 | 248,589,000 | 240,796,000 | 231,493,000 | 229,012,000 | 224,451,000 | 211,791,000 | 199,488,000 | 195,672,000 | 170,548,000 | 161,024,000 | 148,894,000 | 144,420,000 | 144,669,000 | 138,778,000 | 132,001,000 | 113,881,000 | 107,340,000 | 102,923,000 | 94,065,000 | 79,284,000 | 75,844,000 | 69,475,000 | 64,300,000 | 61,490,000 | 59,332,000 | 56,786,000 | 56,143,000 | 60,380,000 | 58,705,000 | 59,409,000 | 59,997,000 | 57,885,000 | 57,024,000 | 37,458,000 | 55,209,000 | 48,392,000 | 46,231,000 | 45,116,000 | 44,682,000 | 42,020,000 | 39,175,000 | 20,571,500 | 36,245,000 | 23,819,000 | 22,222,000 | |||
tenant reinsurance | 89,119,000 | 89,251,000 | 90,341,000 | 88,572,000 | 84,712,000 | 83,695,000 | 84,048,000 | 83,705,000 | 81,347,000 | 70,415,000 | 69,128,000 | 48,433,000 | 47,704,000 | 47,438,000 | 47,869,000 | 46,427,000 | 43,797,000 | 43,897,000 | 44,258,000 | 42,334,000 | 39,619,000 | 38,576,000 | 39,294,000 | 35,078,000 | 33,613,000 | 33,301,000 | 33,588,000 | 31,701,000 | 29,797,000 | 29,847,000 | 30,105,000 | 28,521,000 | 27,034,000 | 25,351,000 | 25,882,000 | 24,313,000 | 22,855,000 | 22,355,000 | 22,727,000 | 21,654,000 | 20,555,000 | 19,895,000 | 18,226,000 | 17,340,000 | 16,510,000 | 15,716,000 | 15,385,000 | 14,508,000 | 13,463,000 | 12,294,000 | 12,110,000 | 10,221,000 | 9,495,000 | 9,008,000 | 8,557,000 | 8,269,000 | 7,596,000 | 7,024,000 | 6,796,000 | 6,338,000 | 5,892,000 | 5,542,000 | 5,085,000 | 4,619,000 | 4,265,000 | 3,980,000 | ||||||||||||||||
management fees and other income | 33,695,000 | 33,991,000 | 32,538,000 | 32,042,000 | 30,905,000 | 30,967,000 | 29,882,000 | 29,858,000 | 30,148,000 | 30,377,000 | 28,019,000 | 22,206,000 | 21,384,000 | 21,184,000 | 22,246,000 | 20,517,000 | 19,957,000 | 18,944,000 | 16,879,000 | 14,796,000 | 15,645,000 | 13,830,000 | 13,307,000 | 12,856,000 | 12,136,000 | 13,827,000 | 13,000,000 | 12,317,000 | 10,746,000 | 10,908,000 | 10,120,000 | 10,164,000 | 10,565,000 | 10,140,000 | 9,685,000 | 10,894,000 | 8,660,000 | 9,649,000 | 10,005,000 | 10,828,000 | 9,360,000 | 10,192,000 | 8,723,000 | 7,496,000 | 7,750,000 | |||||||||||||||||||||||||||||||||||||
total revenues | 856,027,000 | 857,467,000 | 858,460,000 | 841,618,000 | 819,997,000 | 821,896,000 | 824,804,000 | 810,663,000 | 799,539,000 | 797,774,000 | 748,034,000 | 511,386,000 | 503,050,000 | 506,718,000 | 498,902,000 | 474,988,000 | 443,562,000 | 427,383,000 | 412,492,000 | 378,630,000 | 358,857,000 | 353,490,000 | 343,024,000 | 327,246,000 | 332,452,000 | 335,801,000 | 337,505,000 | 323,602,000 | 311,546,000 | 307,353,000 | 306,953,000 | 296,813,000 | 285,485,000 | 281,842,000 | 284,156,000 | 276,003,000 | 263,008,000 | 261,016,000 | 257,183,000 | 244,273,000 | 229,403,000 | 225,759,000 | 197,497,000 | 185,860,000 | 173,154,000 | 167,367,000 | 167,368,000 | 160,240,000 | 152,180,000 | 133,111,000 | 126,246,000 | 119,322,000 | 109,791,000 | 94,951,000 | 90,987,000 | 84,097,000 | 78,040,000 | 74,481,000 | 71,979,000 | 68,777,000 | 67,587,000 | 71,304,000 | 69,068,000 | 69,254,000 | 69,848,000 | 67,336,000 | 65,707,000 | 43,538,000 | 63,826,000 | 56,550,000 | 53,776,000 | 52,175,000 | 51,188,000 | 48,531,000 | 45,370,000 | 22,667,500 | 43,135,000 | 24,617,000 | 22,918,000 | 18,168,000 | 13,929,000 | |
yoy | 4.39% | 4.33% | 4.08% | 3.82% | 2.56% | 3.02% | 10.26% | 58.52% | 58.94% | 57.44% | 49.94% | 7.66% | 13.41% | 18.56% | 20.95% | 25.45% | 23.60% | 20.90% | 20.25% | 15.70% | 7.94% | 5.27% | 1.64% | 1.13% | 6.71% | 9.26% | 9.95% | 9.03% | 9.13% | 9.05% | 8.02% | 7.54% | 8.55% | 7.98% | 10.49% | 12.99% | 14.65% | 15.62% | 30.22% | 31.43% | 32.48% | 34.89% | 18.00% | 15.99% | 13.78% | 25.73% | 32.57% | 34.29% | 38.61% | 40.19% | 38.75% | 41.89% | 40.69% | 27.48% | 26.41% | 22.27% | 15.47% | 4.46% | 4.21% | -0.69% | -3.24% | 5.89% | 5.12% | 59.07% | 9.44% | 19.07% | 22.19% | -16.55% | 24.69% | 16.52% | 18.53% | 130.18% | 18.67% | 97.14% | 97.97% | 137.42% | 76.73% | |||||
qoq | -0.17% | -0.12% | 2.00% | 2.64% | -0.23% | -0.35% | 1.74% | 1.39% | 0.22% | 6.65% | 46.28% | 1.66% | -0.72% | 1.57% | 5.03% | 7.08% | 3.79% | 3.61% | 8.94% | 5.51% | 1.52% | 3.05% | 4.82% | -1.57% | -1.00% | -0.50% | 4.30% | 3.87% | 1.36% | 0.13% | 3.42% | 3.97% | 1.29% | -0.81% | 2.95% | 4.94% | 0.76% | 1.49% | 5.29% | 6.48% | 1.61% | 14.31% | 6.26% | 7.34% | 3.46% | -0.00% | 4.45% | 5.30% | 14.33% | 5.44% | 5.80% | 8.68% | 15.63% | 4.36% | 8.19% | 7.76% | 4.78% | 3.48% | 4.66% | 1.76% | -5.21% | 3.24% | -0.27% | -0.85% | 3.73% | 2.48% | 50.92% | -31.79% | 12.87% | 5.16% | 3.07% | 1.93% | 5.47% | 6.97% | 100.15% | -47.45% | 75.22% | 7.41% | 30.43% | |||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operations | 238,303,000 | 231,459,000 | 235,486,000 | 227,621,000 | 223,582,000 | 221,111,000 | 209,035,000 | 196,902,000 | 204,518,000 | 195,039,000 | 185,194,000 | 114,637,000 | 117,166,000 | 112,971,000 | 114,577,000 | 104,252,000 | 103,542,000 | 94,292,000 | 92,794,000 | 89,155,000 | 92,367,000 | 88,956,000 | 92,322,000 | 89,040,000 | 90,297,000 | 87,762,000 | 88,653,000 | 80,870,000 | 78,765,000 | 72,207,000 | 73,652,000 | 73,083,000 | 72,753,000 | 67,604,000 | 70,430,000 | 67,295,000 | 66,645,000 | 64,122,000 | 62,341,000 | 62,430,000 | 61,112,000 | 59,634,000 | 48,878,000 | 48,209,000 | 47,244,000 | 43,346,000 | 43,294,000 | 42,294,000 | 43,482,000 | 34,376,000 | 33,462,000 | 34,437,000 | 30,115,000 | 26,012,000 | 26,596,000 | 24,270,000 | 22,712,000 | 23,344,000 | 21,334,000 | 20,941,000 | 21,956,000 | 23,022,000 | 21,567,000 | 22,867,000 | 21,367,000 | 20,863,000 | 20,641,000 | 13,463,750 | 19,607,000 | 17,352,000 | 16,896,000 | 15,640,000 | 16,613,000 | 15,248,000 | 14,742,000 | 7,821,250 | 13,366,000 | 9,041,000 | 8,878,000 | |||
general and administrative | 46,509,000 | 51,938,000 | 43,479,000 | 44,952,000 | 45,974,000 | 44,025,000 | 39,750,000 | 39,901,000 | 43,722,000 | 39,397,000 | 37,406,000 | 34,842,000 | 34,763,000 | 35,963,000 | 32,275,000 | 31,251,000 | 29,762,000 | 27,918,000 | 24,395,000 | 26,341,000 | 23,540,000 | 24,352,000 | 23,894,000 | 25,337,000 | 23,011,000 | 20,870,000 | 22,519,000 | 23,351,000 | 22,678,000 | 18,434,000 | 19,707,000 | 21,651,000 | 21,464,000 | 18,790,000 | 19,498,000 | 21,865,000 | 18,808,000 | 18,355,000 | 19,537,000 | 20,512,000 | 23,402,000 | 18,138,000 | 16,716,000 | 16,655,000 | 16,249,000 | 16,689,000 | 13,966,000 | 14,985,000 | 15,302,000 | 13,943,000 | 13,739,000 | 12,769,000 | 12,559,000 | 12,545,000 | 12,640,000 | 12,306,000 | 12,432,000 | 11,658,000 | 10,618,000 | 11,229,000 | 11,056,000 | 9,982,000 | 10,615,000 | 11,246,000 | 10,319,000 | 10,070,000 | 10,179,000 | 6,883,500 | 9,326,000 | 8,968,000 | 9,240,000 | 9,010,000 | 8,598,000 | 8,747,000 | 9,245,000 | 3,967,000 | 9,591,000 | 3,320,000 | 2,957,000 | |||
depreciation and amortization | 185,795,000 | 180,089,000 | 177,466,000 | 177,266,000 | 180,356,000 | 196,202,000 | 195,046,000 | 194,809,000 | 196,966,000 | 196,139,000 | 152,338,000 | 79,086,000 | 78,490,000 | 79,920,000 | 71,423,000 | 69,067,000 | 67,906,000 | 62,194,000 | 61,516,000 | 59,570,000 | 58,599,000 | 56,739,000 | 56,412,000 | 56,018,000 | 55,275,000 | 54,741,000 | 56,051,000 | 54,406,000 | 54,659,000 | 53,126,000 | 52,283,000 | 51,892,000 | 51,749,000 | 49,157,000 | 48,075,000 | 46,632,000 | 49,432,000 | 49,158,000 | 46,555,000 | 43,950,000 | 42,897,000 | 40,766,000 | 30,711,000 | 31,552,000 | 30,428,000 | 29,181,000 | 29,249,000 | 28,271,000 | 28,375,000 | 23,428,000 | 22,785,000 | 23,025,000 | 19,768,000 | 16,626,000 | 16,524,000 | 14,364,000 | 14,092,000 | 13,585,000 | 12,519,000 | 12,202,000 | 12,419,000 | 13,797,000 | 12,840,000 | 12,523,000 | 12,355,000 | 11,697,000 | 11,581,000 | 7,129,250 | 10,598,000 | 9,123,000 | 8,796,000 | 9,586,000 | 9,253,000 | 9,057,000 | 9,276,000 | 5,369,500 | 9,535,000 | 6,213,000 | 5,730,000 | 5,057,000 | 3,089,000 | |
total expenses | 488,474,000 | 480,517,000 | 474,212,000 | 466,784,000 | 467,028,000 | 479,578,000 | 461,341,000 | 451,243,000 | 463,711,000 | 464,306,000 | 448,242,000 | 238,047,000 | 239,508,000 | 237,148,000 | 229,045,000 | 213,572,000 | 208,252,000 | 192,487,000 | 186,214,000 | 181,801,000 | 181,667,000 | 175,816,000 | 179,817,000 | 177,253,000 | 175,261,000 | 171,156,000 | 174,867,000 | 165,609,000 | 163,069,000 | 150,676,000 | 153,362,000 | 152,097,000 | 151,573,000 | 140,728,000 | 144,275,000 | 139,596,000 | 138,805,000 | 137,832,000 | 134,459,000 | 133,971,000 | 135,775,000 | 185,450,000 | 100,193,000 | 104,253,000 | 97,718,000 | 97,451,000 | 89,875,000 | 89,579,000 | 91,782,000 | 77,047,000 | 72,871,000 | 72,593,000 | 66,307,000 | 57,076,000 | 58,217,000 | 52,882,000 | 52,188,000 | 50,451,000 | 48,418,000 | 45,971,000 | 46,724,000 | 48,087,000 | 66,694,000 | 47,979,000 | 45,506,000 | 45,428,000 | 43,727,000 | 28,521,500 | 41,112,000 | 36,819,000 | 36,155,000 | 35,072,000 | 34,661,000 | 33,665,000 | 34,214,000 | 17,362,000 | 33,014,000 | 18,742,000 | 17,692,000 | 14,808,000 | ||
gain on real estate assets held for sale and sold | -864,000 | 35,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 367,553,000 | 370,871,000 | 279,120,000 | 373,970,000 | 388,730,000 | 380,032,000 | 302,739,000 | 304,761,000 | 335,828,000 | 333,468,000 | 299,792,000 | 273,339,000 | 263,542,000 | 269,570,000 | 269,857,000 | 275,665,000 | 235,310,000 | 311,773,000 | 226,278,000 | 196,829,000 | 241,073,000 | 195,749,000 | 163,207,000 | 149,993,000 | 157,191,000 | 164,645,000 | 162,638,000 | 159,198,000 | 148,477,000 | 187,484,000 | 153,591,000 | 144,716,000 | 133,912,000 | 141,114,000 | 139,881,000 | 136,407,000 | 124,203,000 | 123,184,000 | 122,724,000 | 110,302,000 | 93,628,000 | 40,309,000 | 97,304,000 | 81,607,000 | 75,436,000 | 69,916,000 | 77,493,000 | 70,661,000 | 60,398,000 | 56,064,000 | 53,375,000 | 46,729,000 | 43,484,000 | 37,875,000 | 32,770,000 | 31,215,000 | 25,852,000 | 24,030,000 | 23,561,000 | 22,806,000 | 20,863,000 | |||||||||||||||||||||
yoy | -5.45% | -2.41% | -7.80% | 22.71% | 15.75% | 13.96% | 0.98% | 11.50% | 27.43% | 23.70% | 11.09% | -0.84% | 12.00% | -13.54% | 19.26% | 40.05% | -2.39% | 59.27% | 38.64% | 31.23% | 53.36% | 18.89% | 0.35% | -5.78% | 5.87% | -12.18% | 5.89% | 10.01% | 10.88% | 32.86% | 9.80% | 6.09% | 7.82% | 14.56% | 13.98% | 23.67% | 32.66% | 205.60% | 26.12% | 35.16% | 24.12% | -42.35% | 25.56% | 15.49% | 24.90% | 24.71% | 45.19% | 51.21% | 38.90% | 48.02% | 62.88% | 49.70% | 68.20% | 57.62% | 39.09% | 36.87% | 23.91% | |||||||||||||||||||||||||
qoq | -0.89% | 32.87% | -25.36% | -3.80% | 2.29% | 25.53% | -0.66% | -9.25% | 0.71% | 11.23% | 9.68% | 3.72% | -2.24% | -0.11% | -2.11% | 17.15% | -24.53% | 37.78% | 14.96% | -18.35% | 23.15% | 19.94% | 8.81% | -4.58% | -4.53% | 1.23% | 2.16% | 7.22% | -20.81% | 22.07% | 6.13% | 8.07% | -5.10% | 0.88% | 2.55% | 9.83% | 0.83% | 0.37% | 11.26% | 17.81% | 132.28% | -58.57% | 19.23% | 8.18% | 7.90% | -9.78% | 9.67% | 16.99% | 7.73% | 5.04% | 14.22% | 7.46% | 14.81% | 15.58% | 4.98% | 20.75% | 7.58% | 1.99% | 3.31% | 9.31% | ||||||||||||||||||||||
operating margin % | 42.94% | 43.25% | 32.51% | 44.43% | 47.41% | 46.24% | 36.70% | 37.59% | 42.00% | 41.80% | 40.08% | 53.45% | 52.39% | 53.20% | 54.09% | 58.04% | 53.05% | 72.95% | 54.86% | 51.98% | 67.18% | 55.38% | 47.58% | 45.83% | 47.28% | 49.03% | 48.19% | 49.20% | 47.66% | 61.00% | 50.04% | 48.76% | 46.91% | 50.07% | 49.23% | 49.42% | 47.22% | 47.19% | 47.72% | 45.16% | 40.81% | 17.85% | 49.27% | 43.91% | 43.57% | 41.77% | 46.30% | 44.10% | 39.69% | 42.12% | 42.28% | 39.16% | 39.61% | 39.89% | 36.02% | 37.12% | 33.13% | 32.26% | 32.73% | 33.16% | 30.87% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% |
interest expense | -147,299,000 | -149,436,000 | -149,650,000 | -146,128,000 | -142,399,000 | -138,479,000 | -142,855,000 | -137,133,000 | -132,887,000 | -129,665,000 | -122,899,000 | -86,372,000 | -80,099,000 | -72,922,000 | -56,245,000 | -47,466,000 | -42,538,000 | -45,578,000 | -39,670,000 | -40,240,000 | -40,695,000 | -41,016,000 | -42,213,000 | -41,039,000 | -44,358,000 | -44,810,000 | -46,908,000 | -47,448,000 | -47,360,000 | -48,197,000 | -45,926,000 | -43,347,000 | -40,966,000 | -40,319,000 | -39,766,000 | -37,456,000 | -35,970,000 | -35,824,000 | -33,494,000 | -32,802,000 | -31,359,000 | -30,629,000 | -20,811,000 | -22,811,000 | -21,431,000 | -20,393,000 | -20,681,000 | -7,493,000 | -6,239,000 | -9,741,000 | -8,406,000 | |||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on unsecured senior notes | -12,555,000 | -12,350,000 | -12,086,000 | -11,770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 39,543,000 | 38,649,000 | 43,588,000 | 41,998,000 | 38,967,000 | 34,676,000 | 34,947,000 | 31,226,000 | 23,573,000 | 22,250,000 | 22,092,000 | 21,077,000 | 19,438,000 | 17,248,000 | 18,125,000 | 15,060,000 | 18,989,000 | 12,832,000 | 11,729,000 | 12,838,000 | 12,304,000 | 8,704,000 | 3,145,000 | 1,669,000 | 1,674,000 | 1,562,000 | 2,799,000 | 1,718,000 | 1,388,000 | 1,295,000 | 1,371,000 | 1,188,000 | 1,438,000 | 1,004,000 | 869,000 | 826,000 | 1,102,000 | 1,451,000 | 1,358,000 | 1,625,000 | 1,714,000 | 1,821,000 | 356,000 | 428,000 | 856,000 | 440,000 | 186,000 | 712,000 | 269,000 | 202,000 | 133,000 | 184,000 | 461,000 | 448,000 | 275,000 | 185,000 | 189,000 | 182,000 | 178,000 | 211,000 | 325,000 | 245,000 | 321,000 | 532,000 | 1,280,000 | 870,000 | 425,000 | 1,734,250 | 1,821,000 | 3,668,000 | 1,448,000 | 1,664,000 | 175,000 | 148,000 | 482,000 | 216,250 | 789,000 | |||||
income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense | 247,242,000 | 247,734,000 | 160,972,000 | 258,070,000 | 273,985,000 | 265,072,000 | 183,826,000 | 188,001,000 | 215,809,000 | 215,495,000 | 190,757,000 | 208,044,000 | 202,881,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings and dividend income from unconsolidated real estate entities | 15,760,000 | 16,931,000 | 15,669,000 | 16,284,000 | 19,931,000 | 18,764,000 | 16,246,000 | 17,255,000 | 15,007,000 | 16,233,000 | 15,043,000 | 13,254,000 | 10,305,000 | 10,992,000 | 11,149,000 | 10,190,000 | 9,097,000 | 8,825,000 | 8,255,000 | 8,322,000 | 6,956,000 | 6,669,000 | 5,605,000 | 5,044,000 | 5,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of a joint venture interest | 207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -10,789,000 | -8,968,000 | -11,962,000 | -11,638,000 | -8,991,000 | -6,035,000 | -10,857,000 | -9,844,000 | -6,742,000 | -4,321,000 | -6,944,000 | -5,986,000 | -4,308,000 | -5,409,000 | -6,760,000 | -5,615,000 | -3,141,000 | -3,994,000 | -6,772,000 | -5,421,000 | -4,137,000 | -3,797,000 | -4,657,000 | -3,177,000 | -2,179,000 | -2,728,000 | -4,052,000 | -2,715,000 | -1,813,000 | -3,167,000 | -2,638,000 | -2,097,000 | -1,342,000 | 5,529,000 | -3,163,000 | -2,867,000 | -3,124,000 | -4,843,000 | -4,466,000 | -3,773,000 | -2,765,000 | -2,185,000 | -2,248,000 | 62,000 | ||||||||||||||||||||||||||||||||||||||
net income | 252,420,000 | 300,864,000 | 174,033,000 | 262,716,000 | 284,925,000 | 277,801,000 | 202,945,000 | 195,412,000 | 224,074,000 | 227,407,000 | 198,856,000 | 215,312,000 | 208,878,000 | 219,479,000 | 236,126,000 | 247,834,000 | 217,717,000 | 283,858,000 | 199,820,000 | 178,579,000 | 215,501,000 | 166,309,000 | 123,854,000 | 111,257,000 | 116,162,000 | 120,279,000 | 115,995,000 | 112,689,000 | 102,160,000 | 109,250,000 | 139,687,000 | 102,713,000 | 95,430,000 | 229,315,000 | 101,075,000 | 94,098,000 | 89,734,000 | 90,416,000 | 127,226,000 | 90,040,000 | 89,407,000 | 11,744,000 | 78,200,000 | 60,956,000 | 58,636,000 | 49,486,000 | 59,193,000 | 46,008,000 | 41,209,000 | 32,352,000 | 37,101,000 | 33,931,000 | 41,553,000 | 24,745,000 | 22,518,000 | 17,352,000 | 12,517,000 | 10,140,000 | 9,482,000 | 7,925,000 | 5,179,000 | 7,574,000 | 30,762,000 | 12,327,000 | 8,901,000 | 6,700,000 | 6,625,750 | 11,338,000 | 8,695,000 | 6,470,000 | 6,739,000 | 4,307,000 | 3,092,000 | 738,000 | -1,179,750 | -2,859,000 | -1,220,000 | -640,000 | -5,077,000 | -7,036,000 | ||
yoy | -11.41% | 8.30% | -14.25% | 34.44% | 27.16% | 22.16% | 2.06% | -9.24% | 7.28% | 3.61% | -15.78% | -13.12% | -4.06% | -22.68% | 18.17% | 38.78% | 1.03% | 70.68% | 61.34% | 60.51% | 85.52% | 38.27% | 6.78% | -1.27% | 13.71% | 10.10% | -16.96% | 9.71% | 7.05% | -52.36% | 38.20% | 9.16% | 6.35% | 153.62% | -20.55% | 4.51% | 0.37% | 669.89% | 62.69% | 47.71% | 52.48% | -76.27% | 32.11% | 32.49% | 42.29% | 52.96% | 59.55% | 35.59% | -0.83% | 30.74% | 64.76% | 95.55% | 231.97% | 144.03% | 137.48% | 118.95% | 141.69% | 33.88% | -74.24% | -57.99% | -14.91% | 364.28% | 8.72% | 2.37% | 3.55% | -1.68% | 163.25% | 181.21% | 776.69% | -671.22% | -250.65% | -353.44% | -215.31% | -43.69% | -82.66% | |||||||
qoq | -16.10% | 72.88% | -33.76% | -7.79% | 2.56% | 36.88% | 3.85% | -12.79% | -1.47% | 14.36% | -7.64% | 3.08% | -4.83% | -7.05% | -4.72% | 13.83% | -23.30% | 42.06% | 11.89% | -17.13% | 29.58% | 34.28% | 11.32% | -4.22% | -3.42% | 3.69% | 2.93% | 10.31% | -6.49% | -21.79% | 36.00% | 7.63% | -58.38% | 126.88% | 7.41% | 4.86% | -0.75% | -28.93% | 41.30% | 0.71% | 661.30% | -84.98% | 28.29% | 3.96% | 18.49% | -16.40% | 28.66% | 11.65% | 27.38% | -12.80% | 9.34% | -18.34% | 67.92% | 9.89% | 29.77% | 38.63% | 23.44% | 6.94% | 19.65% | 53.02% | -31.62% | 149.55% | 38.49% | 32.85% | 1.12% | -41.56% | 30.40% | 34.39% | -3.99% | 56.47% | 39.29% | 318.97% | -162.56% | -58.74% | 134.34% | 90.63% | -27.84% | |||||
net income margin % | 29.49% | 35.09% | 20.27% | 31.22% | 34.75% | 33.80% | 24.61% | 24.11% | 28.03% | 28.51% | 26.58% | 42.10% | 41.52% | 43.31% | 47.33% | 52.18% | 49.08% | 66.42% | 48.44% | 47.16% | 60.05% | 47.05% | 36.11% | 34.00% | 34.94% | 35.82% | 34.37% | 34.82% | 32.79% | 35.55% | 45.51% | 34.61% | 33.43% | 81.36% | 35.57% | 34.09% | 34.12% | 34.64% | 49.47% | 36.86% | 38.97% | 5.20% | 39.60% | 32.80% | 33.86% | 29.57% | 35.37% | 28.71% | 27.08% | 24.30% | 29.39% | 28.44% | 37.85% | 26.06% | 24.75% | 20.63% | 16.04% | 13.61% | 13.17% | 11.52% | 7.66% | 10.62% | 0% | 44.42% | 17.65% | 13.22% | 10.20% | 15.22% | 17.76% | 15.38% | 12.03% | 12.92% | 8.41% | 6.37% | 1.63% | -5.20% | -6.63% | -4.96% | -2.79% | NaN% | -27.94% | -50.51% |
net income allocated to preferred operating partnership noncontrolling interests | -673,000 | -723,000 | -724,000 | -723,000 | -724,000 | -1,189,000 | -1,932,000 | -1,933,000 | -2,208,000 | -2,250,000 | -2,253,000 | -2,254,000 | -2,254,000 | -4,345,000 | -4,454,000 | -4,491,000 | -4,333,000 | -4,050,000 | -3,529,000 | -3,438,000 | -3,680,000 | -3,384,000 | -3,248,000 | -3,139,000 | -3,111,000 | -3,113,000 | -3,088,000 | -3,128,000 | -3,163,000 | -3,390,000 | -3,723,000 | -3,492,000 | -3,390,000 | -4,214,000 | -3,394,000 | -3,430,000 | -3,951,000 | -3,942,000 | -4,144,000 | -3,434,000 | -3,180,000 | -2,673,000 | -3,112,000 | -3,007,000 | -2,926,000 | -2,710,000 | -2,977,000 | |||||||||||||||||||||||||||||||||||
net income allocated to operating partnership and other noncontrolling interests | -10,770,000 | -12,746,000 | -7,311,000 | -12,262,000 | -13,326,000 | -14,125,000 | -7,803,000 | -7,607,000 | -8,754,000 | -9,023,000 | -8,253,000 | -10,648,000 | -10,320,000 | -10,874,000 | -10,953,000 | -11,213,000 | -9,805,000 | -11,381,000 | -8,015,000 | -7,193,000 | -8,823,000 | -6,869,000 | -5,973,000 | -5,207,000 | -4,872,000 | -4,884,000 | -4,820,000 | -4,733,000 | -4,227,000 | -4,398,000 | -5,546,000 | -4,068,000 | -3,784,000 | -9,140,000 | -3,917,000 | -3,662,000 | -3,501,000 | -4,071,000 | -4,994,000 | -3,562,000 | -3,635,000 | -396,000 | -3,370,000 | -2,610,000 | -1,968,000 | -1,654,000 | -1,988,000 | |||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 240,977,000 | 287,395,000 | 165,998,000 | 249,731,000 | 270,875,000 | 262,487,000 | 193,210,000 | 185,872,000 | 213,112,000 | 216,134,000 | 188,350,000 | 202,410,000 | 196,304,000 | 204,260,000 | 220,719,000 | 232,130,000 | 203,579,000 | 268,427,000 | 188,276,000 | 167,948,000 | 202,998,000 | 156,056,000 | 114,633,000 | 102,911,000 | 108,179,000 | 112,282,000 | 108,087,000 | 104,828,000 | 94,770,000 | 101,462,000 | 130,418,000 | 95,153,000 | 88,256,000 | 215,961,000 | 93,764,000 | 87,006,000 | 82,282,000 | 82,403,000 | 118,088,000 | 83,044,000 | 82,592,000 | 8,675,000 | 71,718,000 | 55,339,000 | 53,742,000 | 45,122,000 | 54,228,000 | 41,665,000 | 37,340,000 | 29,245,000 | 34,466,000 | 31,425,000 | 38,606,000 | 22,413,000 | 20,214,000 | 15,261,000 | 10,609,000 | 8,301,000 | 7,667,000 | 6,180,000 | 3,568,000 | 5,967,000 | 28,974,000 | 12,327,000 | ||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,140 | 1,360 | 780 | 1,180 | 1,280 | 1,240 | 910 | 880 | 1,010 | 960 | 960 | 1,500 | 1,460 | 1,520 | 1,650 | 1,730 | 1,520 | 2,010 | 1,410 | 1,250 | 1,540 | 1,190 | 890 | 800 | 840 | 870 | 840 | 820 | 740 | 800 | 1,030 | 750 | 700 | 1,700 | 740 | 690 | 650 | 660 | 940 | 660 | 660 | 60 | 580 | 470 | 460 | 390 | 470 | 360 | 320 | |||||||||||||||||||||||||||||||||
diluted | 1,140 | 1,360 | 780 | 1,180 | 1,280 | 1,240 | 910 | 880 | 1,010 | 960 | 960 | 1,500 | 1,460 | 1,520 | 1,650 | 1,730 | 1,510 | 2,000 | 1,400 | 1,250 | 1,530 | 1,210 | 880 | 800 | 830 | 870 | 830 | 810 | 740 | 790 | 1,020 | 750 | 700 | 1,690 | 740 | 690 | 640 | 670 | 930 | 660 | 660 | 50 | 580 | 470 | 460 | 380 | 470 | 360 | 320 | |||||||||||||||||||||||||||||||||
weighted-average number of shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 210,896,947,000 | 211,850,521,000 | 211,963,870,000 | 211,940,903,000 | 211,850,618,000 | 211,575,240,000 | 211,698,436,000 | 211,584,155,000 | 211,283,335,000 | 169,216,989,000 | 195,324,444,000 | 134,832,232,000 | 134,511,273,000 | 134,050,815,000 | 133,913,652,000 | 134,192,540,000 | 134,180,175,000 | 133,374,938,000 | 133,809,750,000 | 133,756,610,000 | 132,007,556,000 | 129,541,531,000 | 128,862,341,000 | 128,932,152,000 | 129,288,629,000 | 128,203,568,000 | 128,776,549,000 | 127,585,436,000 | 127,037,247,000 | 126,087,487,000 | 126,466,837,000 | 125,874,130,000 | 125,772,439,000 | 125,967,831,000 | 125,717,517,000 | 125,673,156,000 | 125,605,403,000 | 125,087,554,000 | 125,752,291,000 | 124,914,467,000 | 124,754,174,000 | 119,816,743,000 | 122,644,837,000 | 116,861,678,000 | 116,117,615,000 | 115,713,807,000 | 115,726,911,000 | 115,653,489,000 | 115,438,325,000 | 111,231,452,000 | 111,137,437,000 | 110,809,924,000 | 104,252,227,000 | 102,107,535,000 | 94,314,429,000 | 91,439,042,000 | 88,045,951,000 | 87,484,731,000 | 87,367,967,000 | 86,397,618,000 | 85,940,389,000 | 81,736,986,000 | 73,420,540,000 | 65,825,022,000 | 64,901,249,000 | 64,439,138,000 | 64,058,756,000 | 54,998,935,000 | 52,501,864,000 | 51,593,729,000 | 31,858,839 | 31,169,950 | ||||||||||
diluted | 220,322,872,000 | 211,850,521,000 | 221,304,958,000 | 211,940,903,000 | 212,052,742,000 | 211,577,680,000 | 220,298,870,000 | 211,587,105,000 | 220,018,777,000 | 169,220,882,000 | 195,328,020,000 | 143,529,817,000 | 142,940,384,000 | 141,681,388,000 | 141,504,215,000 | 142,737,909,000 | 141,581,862,000 | 140,016,028,000 | 140,425,269,000 | 140,407,195,000 | 139,676,548,000 | 129,584,829,000 | 129,871,096,000 | 129,082,468,000 | 137,139,560,000 | 136,433,769,000 | 137,318,475,000 | 135,654,761,000 | 134,289,716,000 | 133,159,033,000 | 134,240,290,000 | 132,772,772,000 | 132,682,560,000 | 134,155,771,000 | 133,044,473,000 | 132,783,402,000 | 132,618,644,000 | 125,948,076,000 | 133,763,472,000 | 132,025,915,000 | 131,956,094,000 | 126,918,869,000 | 130,398,111,000 | 124,475,890,000 | 122,595,718,000 | 121,435,267,000 | 121,617,554,000 | 121,254,222,000 | 121,062,845,000 | 117,604,515,000 | 115,359,245,000 | 114,967,087,000 | 108,755,316,000 | 106,653,965,000 | 98,867,803,000 | 96,010,848,000 | 92,812,067,000 | 92,189,852,000 | 92,304,831,000 | 91,607,503,000 | 91,222,295,000 | 87,263,018,000 | 79,092,783,000 | 71,359,324,000 | 70,567,078,000 | 69,248,845,000 | 68,786,185,000 | 59,291,749,000 | 57,072,838,000 | 55,709,430,000 | 31,858,839 | 31,169,950 | ||||||||||
cash dividends paid per common share | 1,620 | 1,215 | 1,620 | 1,620 | 1,620 | 1,215 | 1,620 | 1,620 | 1,620 | 1,215 | 1,620 | 1,620 | 1,620 | 1,125 | 1,500 | 1,500 | 1,500 | 812.5 | 1,250 | 1,000 | 1,000 | 675 | 900 | 900 | 900 | 665 | 900 | 900 | 860 | 625 | 860 | 860 | 780 | 585 | 780 | 780 | 780 | 537.5 | 780 | 780 | 590 | 412.5 | 590 | 590 | 470 | 335 | 470 | 470 | 400 | 400 | 400 | 250 | 200 | 200 | 200 | 140 | 140 | 140 | 100 | 100 | 100 | 250 | 250 | 250 | 250 | 170 | 230 | 230 | 230 | 230 | 230 | 230 | 230 | 0.228 | 0.228 | |||||||
loss on real estate assets held for sale and sold | -6,079,000 | -105,128,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of life storage trade name | -51,763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | 45,167,000 | 9,354,000 | 13,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on life storage unsecured senior notes | -11,313,000 | -11,157,000 | -11,005,000 | -10,853,000 | -10,705,000 | -10,558,000 | -8,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
life storage merger transition costs | 12,558,000 | 54,174,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate assets held for sale | -15,905,000 | -8,961,000 | -54,659,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions | 14,249,000 | 76,877,000 | 63,883,000 | 301,250 | 1,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction related costs | 83,000 | 1,465,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings and dividend income from unconsolidated real estate ventures and income tax expense | 171,689,250 | 231,737,000 | 243,259,000 | 211,761,000 | 279,027,000 | 198,337,000 | 169,427,000 | 212,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partner's interest | 6,251,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | -1,233,000 | -1,233,000 | -1,209,000 | -1,209,000 | -1,186,000 | -1,185,000 | -1,162,000 | -1,162,000 | -1,140,000 | -1,176,000 | -1,209,000 | -1,276,000 | -1,268,000 | -1,290,000 | -1,269,000 | -1,264,000 | -1,243,000 | -1,240,000 | -1,233,000 | -1,112,000 | -805,000 | -696,000 | -697,000 | -679,000 | -679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of unconsolidated real estate ventures and income tax expense | 163,437,000 | 122,906,000 | 109,390,000 | 120,188,000 | 117,343,000 | 112,283,000 | 101,343,000 | 108,613,000 | 138,703,000 | 101,381,000 | 93,175,000 | 219,862,000 | 100,248,000 | 93,127,000 | 89,279,000 | 87,410,000 | 90,558,000 | 90,455,000 | 62,419,000 | 11,601,000 | 78,358,000 | 60,140,000 | 55,377,000 | 48,772,000 | 55,032,000 | 43,479,000 | 41,620,000 | 31,228,000 | 37,045,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of unconsolidated real estate entities and income tax expense | 113,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures | 2,819,000 | 2,704,000 | 3,121,000 | 2,630,000 | 3,804,000 | 3,622,000 | 3,429,000 | 3,597,000 | 3,924,000 | 3,990,000 | 3,838,000 | 3,579,000 | 3,082,000 | 3,625,000 | 3,358,000 | 2,830,000 | 3,297,000 | 3,403,000 | 3,001,000 | 2,650,000 | 2,741,000 | 2,777,000 | 2,604,000 | 2,419,000 | 3,405,000 | 2,914,000 | 2,623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions and impairment of real estate | 7,701,750 | 30,807,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate transactions and impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related costs and other | 2,987,000 | 1,933,000 | 3,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions, earnout from prior acquisition and impairment of real estate | -1,504,750 | -6,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income on note receivable from preferred operating partnership unit holder | 531,000 | 532,000 | 659,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | 1,212,000 | 1,213,000 | 1,213,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests | 4,767,000 | 37,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on purchase of a joint venture partner's interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on earnout from prior acquisition | -1,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions and earnout from prior acquisition | 2,453,500 | 11,358,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related costs | 4,053,000 | 63,698,000 | 280,000 | 4,554,000 | 869,000 | 5,941,000 | 436,000 | 1,393,000 | 2,056,000 | 2,427,000 | 683,000 | 452,000 | 2,486,000 | 469,000 | 609,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners’ interests | 26,923,000 | 714,250 | 2,556,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions and earnout from prior acquisitions | 1,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -1,998,500 | -3,561,000 | -1,334,250 | 1,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on earnout from prior acquisitions | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures—gain on sale of real estate assets and purchase of joint venture partners’ interests | 2,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 7,231,000 | 7,314,000 | 6,954,000 | 6,716,000 | 6,936,000 | 6,796,000 | 6,178,000 | 400,000 | 368,000 | 353,000 | 428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate and earnout from prior acquisitions | -2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt related to portfolio acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures—gain on purchase of joint venture partners’ interests | 954,000 | 378,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate and earnout from prior acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - purchase of joint venture partners’ interests | 3,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets | 800,000 | 1,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 260 | 310 | 280 | 370 | 220 | 210 | 160 | 120 | 90 | 90 | 70 | 40 | 70 | -90 | 340 | 150 | 120 | 100 | 97.5 | 150 | 130 | 100 | 10 | -0.04 | -0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 260 | 310 | 280 | 370 | 220 | 210 | 160 | 120 | 90 | 90 | 70 | 40 | 70 | -90 | 340 | 150 | 120 | 100 | 95 | 150 | 130 | 100 | 10 | -0.04 | -0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in earnings of real estate ventures and income tax expense | 30,760,000 | 26,735,000 | 23,681,000 | 15,743,000 | 15,417,000 | 10,552,000 | 8,583,000 | 8,834,000 | 7,580,000 | 4,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management and franchise fees | 6,231,000 | 6,659,000 | 6,586,000 | 6,353,000 | 6,144,000 | 5,967,000 | 5,851,000 | 5,653,000 | 5,552,000 | 5,191,000 | 5,275,000 | 5,219,000 | 5,417,000 | 5,343,000 | 5,077,000 | 3,880,000 | 5,169,000 | 5,143,000 | 5,208,000 | 5,186,000 | 5,357,000 | 5,181,000 | 5,159,000 | 1,332,750 | 4,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of real estate ventures | 2,854,000 | 2,698,000 | 2,296,000 | 1,873,000 | 2,376,000 | 1,811,000 | 1,736,000 | 1,559,000 | 1,501,000 | 1,752,000 | 1,641,000 | 1,895,000 | 2,015,000 | 1,373,000 | 1,222,000 | 923,250 | 1,304,000 | 1,192,000 | 1,197,000 | 1,127,000 | 1,340,000 | 1,087,000 | 1,139,000 | 490,000 | 1,355,000 | 288,000 | 317,000 | 404,000 | 433,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of real estate ventures - gain on sale of real estate assets and purchase of joint venture partner’s interest | 13,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 210,896,947,000 | 211,850,521,000 | 211,963,870,000 | 211,940,903,000 | 211,850,618,000 | 211,575,240,000 | 211,698,436,000 | 211,584,155,000 | 211,283,335,000 | 169,216,989,000 | 195,324,444,000 | 134,832,232,000 | 134,511,273,000 | 134,050,815,000 | 133,913,652,000 | 134,192,540,000 | 134,180,175,000 | 133,374,938,000 | 133,809,750,000 | 133,756,610,000 | 132,007,556,000 | 129,541,531,000 | 128,862,341,000 | 128,932,152,000 | 129,288,629,000 | 128,203,568,000 | 128,776,549,000 | 127,585,436,000 | 127,037,247,000 | 126,087,487,000 | 126,466,837,000 | 125,874,130,000 | 125,772,439,000 | 125,967,831,000 | 125,717,517,000 | 125,673,156,000 | 125,605,403,000 | 125,087,554,000 | 125,752,291,000 | 124,914,467,000 | 124,754,174,000 | 119,816,743,000 | 122,644,837,000 | 116,861,678,000 | 116,117,615,000 | 115,713,807,000 | 115,726,911,000 | 115,653,489,000 | 115,438,325,000 | 111,231,452,000 | 111,137,437,000 | 110,809,924,000 | 104,252,227,000 | 102,107,535,000 | 94,314,429,000 | 91,439,042,000 | 88,045,951,000 | 87,484,731,000 | 87,367,967,000 | 86,397,618,000 | 85,940,389,000 | 81,736,986,000 | 73,420,540,000 | 65,825,022,000 | 64,901,249,000 | 64,439,138,000 | 64,058,756,000 | 54,998,935,000 | 52,501,864,000 | 51,593,729,000 | 31,858,839 | 31,169,950 | ||||||||||
diluted | 220,322,872,000 | 211,850,521,000 | 221,304,958,000 | 211,940,903,000 | 212,052,742,000 | 211,577,680,000 | 220,298,870,000 | 211,587,105,000 | 220,018,777,000 | 169,220,882,000 | 195,328,020,000 | 143,529,817,000 | 142,940,384,000 | 141,681,388,000 | 141,504,215,000 | 142,737,909,000 | 141,581,862,000 | 140,016,028,000 | 140,425,269,000 | 140,407,195,000 | 139,676,548,000 | 129,584,829,000 | 129,871,096,000 | 129,082,468,000 | 137,139,560,000 | 136,433,769,000 | 137,318,475,000 | 135,654,761,000 | 134,289,716,000 | 133,159,033,000 | 134,240,290,000 | 132,772,772,000 | 132,682,560,000 | 134,155,771,000 | 133,044,473,000 | 132,783,402,000 | 132,618,644,000 | 125,948,076,000 | 133,763,472,000 | 132,025,915,000 | 131,956,094,000 | 126,918,869,000 | 130,398,111,000 | 124,475,890,000 | 122,595,718,000 | 121,435,267,000 | 121,617,554,000 | 121,254,222,000 | 121,062,845,000 | 117,604,515,000 | 115,359,245,000 | 114,967,087,000 | 108,755,316,000 | 106,653,965,000 | 98,867,803,000 | 96,010,848,000 | 92,812,067,000 | 92,189,852,000 | 92,304,831,000 | 91,607,503,000 | 91,222,295,000 | 87,263,018,000 | 79,092,783,000 | 71,359,324,000 | 70,567,078,000 | 69,248,845,000 | 68,786,185,000 | 59,291,749,000 | 57,072,838,000 | 55,709,430,000 | 31,858,839 | 31,169,950 | ||||||||||
equity in earnings of real estate ventures - gain on sale of real estate assets | 5,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average number of shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 94,888,078,000 | 86,873,472,000 | 86,437,877,000 | 51,625,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 99,927,352,000 | 91,666,076,000 | 91,548,984,000 | 55,991,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrecovered development and acquisition costs | 346,000 | 1,570,000 | 249,000 | 211,000 | 142,000 | 70,000 | 22,000 | 18,801,000 | 82,000 | 39,000 | 1,428,000 | 164,000 | 148,250 | 184,000 | 159,000 | 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sublease | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
severance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on repurchase of exchangeable senior notes | 5,093,000 | 22,483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss allocated to operating partnership and other noncontrolling interests | 509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 191,000 | 3,000 | 7,000 | 169,000 | 128,000 | 128,000 | 152,000 | 324,000 | 145,000 | 139,000 | 163,000 | 386,000 | 184,000 | 65,000 | 107,250 | 308,000 | 136,000 | 61,000 | 29,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
severance costs associated with wind-down of development program | 1,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, equity in earnings of real estate ventures, gain on repurchase of exchangeable senior notes, loss on sale of investments available for sale and income tax expense | 23,217,000 | 2,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investments available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (loss) attributable to common stockholders | -7,541,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, equity in earnings of real estate ventures, gain on repurchase of exchangeable senior notes and loss on sale of investments available for sale | 21,275,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income allocated to preferred operating partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, equity in earnings of real estate ventures, loss on sale of investments available for sale, preferred operating partnership units and minority interests | 24,342,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustment of obligation associated with preferred operating partnership units | 263,500 | 1,054,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest - operating partnership | 104,750 | 253,000 | 110,000 | 56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests - other | 147,000 | 117,000 | 139,000 | 38,250 | 113,000 | 56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed distribution paid to preferred operating partnership unit holder | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, equity in earnings of real estate ventures, loss on investments available for sale and minority interests | 21,908,000 | 21,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income on note receivable from preferred unit holder | 1,212,000 | 1,213,000 | 320,000 | 1,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant insurance | 3,478,000 | 1,964,500 | 3,027,000 | 2,688,000 | 2,143,000 | 1,710,000 | 716,000 | 971,000 | 921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development fees | 83,500 | 97,000 | 182,000 | 55,000 | 68,000 | 47,000 | 175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, preferred operating partnership, minority interests and equity in earnings of real estate ventures | 15,016,500 | 22,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 6,248,250 | 9,828,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, minority interests and equity in earnings of real estate ventures | 19,731,000 | 17,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrecovered development/acquisition costs | 63,750 | 24,000 | 318,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest, minority interest and equity in earnings of real estate ventures | 10,637,250 | 16,527,000 | 14,866,000 | 11,156,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (loss) per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 40 | 80 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 32.5 | 70 | 60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and development fees | 50,000 | 224,000 | 367,000 | 262,000 | 267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant insurance income | 215,750 | 863,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tenant insurance expense | 128,250 | 513,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrecovered development/acquisition costs and support payments | 71,000 | 9,000 | 168,000 | 107,000 | 186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 5,000 | 20,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest expense, minority interests, equity in earnings of real estate ventures and gain on sale of real estate assets | 5,305,500 | 10,121,000 | 3,360,000 | 1,501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest - fidelity preferred return | -1,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss allocated to other minority interests | 634,000 | 560,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before gain on sale of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred return on class b, c, and e units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early redemption of fidelity minority interest | -1,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -1,179,750 | -2,859,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.035 | -0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares - basic and diluted | 37,465,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends per common share | 0.171 | 0.228 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest expense, minority interests, equity in earnings of real estate ventures and loss on sale of real estate assets | 5,875,000 | 5,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before loss on sale of real estate assets | -1,220,000 | -640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.035 | -0.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 260 | 310 | 280 | 370 | 220 | 210 | 160 | 120 | 90 | 90 | 70 | 40 | 70 | -90 | 340 | 150 | 120 | 100 | 97.5 | 150 | 130 | 100 | 10 | -0.04 | -0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 260 | 310 | 280 | 370 | 220 | 210 | 160 | 120 | 90 | 90 | 70 | 40 | 70 | -90 | 340 | 150 | 120 | 100 | 95 | 150 | 130 | 100 | 10 | -0.04 | -0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 210,896,947,000 | 211,850,521,000 | 211,963,870,000 | 211,940,903,000 | 211,850,618,000 | 211,575,240,000 | 211,698,436,000 | 211,584,155,000 | 211,283,335,000 | 169,216,989,000 | 195,324,444,000 | 134,832,232,000 | 134,511,273,000 | 134,050,815,000 | 133,913,652,000 | 134,192,540,000 | 134,180,175,000 | 133,374,938,000 | 133,809,750,000 | 133,756,610,000 | 132,007,556,000 | 129,541,531,000 | 128,862,341,000 | 128,932,152,000 | 129,288,629,000 | 128,203,568,000 | 128,776,549,000 | 127,585,436,000 | 127,037,247,000 | 126,087,487,000 | 126,466,837,000 | 125,874,130,000 | 125,772,439,000 | 125,967,831,000 | 125,717,517,000 | 125,673,156,000 | 125,605,403,000 | 125,087,554,000 | 125,752,291,000 | 124,914,467,000 | 124,754,174,000 | 119,816,743,000 | 122,644,837,000 | 116,861,678,000 | 116,117,615,000 | 115,713,807,000 | 115,726,911,000 | 115,653,489,000 | 115,438,325,000 | 111,231,452,000 | 111,137,437,000 | 110,809,924,000 | 104,252,227,000 | 102,107,535,000 | 94,314,429,000 | 91,439,042,000 | 88,045,951,000 | 87,484,731,000 | 87,367,967,000 | 86,397,618,000 | 85,940,389,000 | 81,736,986,000 | 73,420,540,000 | 65,825,022,000 | 64,901,249,000 | 64,439,138,000 | 64,058,756,000 | 54,998,935,000 | 52,501,864,000 | 51,593,729,000 | 31,858,839 | 31,169,950 | ||||||||||
diluted | 220,322,872,000 | 211,850,521,000 | 221,304,958,000 | 211,940,903,000 | 212,052,742,000 | 211,577,680,000 | 220,298,870,000 | 211,587,105,000 | 220,018,777,000 | 169,220,882,000 | 195,328,020,000 | 143,529,817,000 | 142,940,384,000 | 141,681,388,000 | 141,504,215,000 | 142,737,909,000 | 141,581,862,000 | 140,016,028,000 | 140,425,269,000 | 140,407,195,000 | 139,676,548,000 | 129,584,829,000 | 129,871,096,000 | 129,082,468,000 | 137,139,560,000 | 136,433,769,000 | 137,318,475,000 | 135,654,761,000 | 134,289,716,000 | 133,159,033,000 | 134,240,290,000 | 132,772,772,000 | 132,682,560,000 | 134,155,771,000 | 133,044,473,000 | 132,783,402,000 | 132,618,644,000 | 125,948,076,000 | 133,763,472,000 | 132,025,915,000 | 131,956,094,000 | 126,918,869,000 | 130,398,111,000 | 124,475,890,000 | 122,595,718,000 | 121,435,267,000 | 121,617,554,000 | 121,254,222,000 | 121,062,845,000 | 117,604,515,000 | 115,359,245,000 | 114,967,087,000 | 108,755,316,000 | 106,653,965,000 | 98,867,803,000 | 96,010,848,000 | 92,812,067,000 | 92,189,852,000 | 92,304,831,000 | 91,607,503,000 | 91,222,295,000 | 87,263,018,000 | 79,092,783,000 | 71,359,324,000 | 70,567,078,000 | 69,248,845,000 | 68,786,185,000 | 59,291,749,000 | 57,072,838,000 | 55,709,430,000 | 31,858,839 | 31,169,950 | ||||||||||
property rental revenues | 17,536,000 | 13,014,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition fees and development fees | 250,000 | 134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 6,846,000 | 5,880,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 2,905,000 | 3,273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishments | -951,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest—fidelity preferred return | -916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest—operating partnership | 213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return earned on class b, c and e units | -1,465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders | -8,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per share | -0.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share | -0.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average basic shares outstanding | 15,282,725 | 15,241,832 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average diluted shares outstanding | 15,282,725 | 15,241,832 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 12,428,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 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 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 |
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assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets | 24,926,765,000 | 25,004,350,000 | 24,926,700,000 | 25,099,810,000 | 24,683,924,000 | 24,587,627,000 | 24,385,492,000 | 24,340,817,000 | 24,494,676,000 | 24,555,873,000 | 24,556,678,000 | 10,017,351,000 | 9,991,446,000 | 9,997,978,000 | 9,877,080,000 | 9,135,464,000 | 8,940,724,000 | 8,834,649,000 | 8,272,671,000 | 8,113,074,000 | 7,944,395,000 | 7,893,802,000 | 7,755,947,000 | 7,673,724,000 | 7,689,621,000 | 7,696,864,000 | 7,665,567,000 | 7,667,033,000 | 7,688,617,000 | 7,491,831,000 | 7,425,806,000 | 7,390,080,000 | 7,171,599,000 | 7,132,431,000 | 6,770,086,000 | 6,782,788,000 | 6,770,593,000 | 6,770,447,000 | 6,458,763,000 | 6,164,787,000 | 5,933,959,000 | 5,689,309,000 | 4,452,251,000 | 4,452,046,000 | 4,197,853,000 | 4,135,696,000 | 3,954,759,000 | 3,941,042 | 3,862,679,000 | 3,223,672,000 | 3,027,654,000 | 2,995,510,000 | 2,741,945,000 | 2,278,331,000 | 2,266,536,000 | 1,322,527,000 | 1,251,315,000 | 1,200,509,000 | 763,569,000 | 755,427,000 | ||||||||||||||||||||||
real estate assets - operating lease right-of-use assets | 737,606,000 | 732,176,000 | 732,103,000 | 720,357,000 | 685,393,000 | 689,803,000 | 694,001,000 | 218,823,000 | 222,940,000 | 227,241,000 | 248,483,000 | 220,090,000 | 226,483,000 | 221,725,000 | 226,984,000 | 232,045,000 | 236,961,000 | 227,949,000 | 229,184,000 | 233,929,000 | 238,927,000 | 252,172,000 | 256,154,000 | 261,304,000 | 259,681,000 | 264,643,000 | 269,318,000 | 221,479,000 | 94,198,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated real estate entities | 1,069,602,000 | 1,066,783,000 | 1,063,969,000 | 1,088,983,000 | 1,320,849,000 | 1,332,338,000 | 1,060,213,000 | 1,065,155,000 | 1,066,032,000 | 1,071,617,000 | 1,077,548,000 | 747,775,000 | 600,617,000 | 582,412,000 | 568,691,000 | 544,771,000 | 475,291,000 | 457,326,000 | 373,765,000 | 361,228,000 | 413,503,000 | 397,444,000 | 347,786,000 | 344,177,000 | 342,404,000 | 338,054,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in debt securities and notes receivable | 1,758,534,000 | 1,806,526,000 | 1,851,094,000 | 1,849,068,000 | 1,675,464,000 | 1,550,950,000 | 1,338,619,000 | 1,442,681,000 | 1,058,506,000 | 904,769,000 | 891,311,000 | 891,190,000 | 863,913,000 | 858,049,000 | 658,663,000 | 702,354,000 | 694,107,000 | 719,187,000 | 606,115,000 | 568,781,000 | 543,725,000 | 593,810,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 138,986,000 | 138,920,000 | 111,931,000 | 125,045,000 | 119,559,000 | 138,222,000 | 88,931,000 | 76,973,000 | 50,816,000 | 99,062,000 | 216,121,000 | 50,644,000 | 47,951,000 | 92,868,000 | 86,991,000 | 58,729,000 | 65,978,000 | 71,126,000 | 65,565,000 | 56,006,000 | 60,330,000 | 109,124,000 | 74,803,000 | 56,397,000 | 93,297,000 | 65,746,000 | 62,277,000 | 47,667,000 | 38,988,000 | 57,496,000 | 45,378,000 | 49,194,000 | 35,527,000 | 55,683,000 | 63,732,000 | 31,648,000 | 29,311,000 | 43,858,000 | 18,692,000 | 41,058,000 | 49,753,000 | 75,799,000 | 1,115,532,000 | 175,893,000 | 45,304,000 | 47,663,000 | 49,216,000 | 53,945 | 47,015,000 | 81,699,000 | 206,932,000 | 35,575,000 | 43,608,000 | 185,502,000 | 37,575,000 | 33,895,000 | 35,187,000 | 42,555,000 | 21,798,000 | 28,354,000 | 108,740,000 | 100,992,000 | 131,551,000 | 54,478,000 | 112,076,000 | 185,837,000 | 21,010,000 | 41,830,000 | 45,790,000 | 35,111,000 | 70,801,000 | 151,686,000 | 4,250,000 | 11,061,000 | 7,093,000 | 95,042,000 | 12,286,000 | 24,329,000 | ||||
other assets | 467,877,000 | 515,291,000 | 547,172,000 | 484,748,000 | 508,729,000 | 548,986,000 | 495,861,000 | 617,631,000 | 587,150,000 | 597,700,000 | 635,677,000 | 438,403,000 | 402,259,000 | 414,426,000 | 414,873,000 | 353,967,000 | 172,001,000 | 159,172,000 | 145,342,000 | 126,331,000 | 133,267,000 | 130,611,000 | 320,643,000 | 188,938,000 | 159,850,000 | 162,083,000 | 141,388,000 | 272,083,000 | 141,842,000 | 158,131,000 | 191,850,000 | 165,207,000 | 181,093,000 | 163,724,000 | 152,730,000 | 122,293,000 | 136,586,000 | 167,076,000 | 153,091,000 | 137,860,000 | 170,741,000 | 170,349,000 | 118,737,000 | 93,572,000 | 96,900,000 | 96,014,000 | 97,200,000 | 93,818 | 95,479,000 | 81,682,000 | 72,572,000 | 66,656,000 | 71,786,000 | 65,571,000 | 54,001,000 | 54,390,000 | 50,856,000 | 47,763,000 | 49,047,000 | 47,173,000 | 50,395,000 | 47,725,000 | 42,486,000 | 40,996,000 | 37,153,000 | 35,777,000 | 36,663,000 | 35,253,000 | 35,640,000 | 34,367,000 | 33,356,000 | 31,204,000 | 28,753,000 | 30,896,000 | 34,080,000 | 26,266,000 | 15,555,000 | 14,143,000 | 14,019,000 | 11,259,000 | ||
total assets | 29,099,370,000 | 29,264,046,000 | 29,232,969,000 | 29,368,011,000 | 28,993,918,000 | 28,847,926,000 | 28,063,117,000 | 27,762,080,000 | 27,480,120,000 | 27,456,262,000 | 27,625,818,000 | 12,365,453,000 | 12,132,669,000 | 12,167,458,000 | 11,840,645,000 | 11,038,767,000 | 10,591,750,000 | 10,474,477,000 | 9,708,359,000 | 9,463,092,000 | 9,336,612,000 | 9,395,848,000 | 8,761,104,000 | 8,529,894,000 | 8,549,486,000 | 8,532,377,000 | 8,318,430,000 | 8,390,719,000 | 8,132,514,000 | 7,847,978,000 | 7,798,690,000 | 7,721,949,000 | 7,470,624,000 | 7,455,137,000 | 7,086,955,000 | 7,037,463,000 | 7,034,357,000 | 7,091,446,000 | 6,742,056,000 | 6,458,998,000 | 6,291,419,000 | 6,071,407,000 | 6,002,836,000 | 4,833,750,000 | 4,464,145,000 | 4,402,107,000 | 4,225,895,000 | 4,208,890 | 4,123,491,000 | 3,518,239,000 | 3,432,616,000 | 3,229,096,000 | 3,012,922,000 | 2,708,343,000 | 2,523,136,000 | 2,374,228,000 | 2,310,857,000 | 2,253,117,000 | 2,175,150,000 | 2,179,115,000 | 2,237,462,000 | 2,369,150,000 | 2,382,444,000 | 2,303,736,000 | 2,243,686,000 | 2,249,277,000 | 2,049,284,000 | 2,019,575,000 | 1,983,939,000 | 1,951,610,000 | 1,669,825,000 | 1,668,536,000 | 1,477,969,000 | 1,428,268,000 | 1,429,555,000 | 901,910,000 | 797,153,000 | 748,484,000 | 737,600,000 | 584,453,000 | ||
liabilities, noncontrolling interests and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured notes payable | 1,076,443,000 | 1,079,565,000 | 1,042,178,000 | 1,126,237,000 | 999,062,000 | 1,010,541,000 | 1,011,705,000 | 1,265,981,000 | 1,269,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loans | 1,495,012,000 | 1,494,659,000 | 1,494,914,000 | 1,948,801,000 | 1,948,161,000 | 2,192,507,000 | 2,194,894,000 | 2,252,872,000 | 2,251,714,000 | 2,650,581,000 | 3,247,076,000 | 2,248,840,000 | 2,672,668,000 | 2,340,116,000 | 2,339,419,000 | 1,742,995,000 | 1,742,459,000 | 1,741,926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | 9,446,570,000 | 9,432,427,000 | 9,423,613,000 | 8,618,943,000 | 8,616,517,000 | 7,756,968,000 | 7,437,231,000 | 7,028,452,000 | 7,016,085,000 | 6,410,618,000 | 5,805,448,000 | 3,695,200,000 | 3,258,329,000 | 2,757,791,000 | 2,757,285,000 | 2,757,158,000 | 2,756,644,000 | 2,360,066,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving lines of credit and commercial paper | 1,152,500,000 | 1,224,000,000 | 942,000,000 | 1,211,000,000 | 978,000,000 | 1,362,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 769,688,000 | 761,106,000 | 757,807,000 | 742,847,000 | 704,730,000 | 705,845,000 | 706,491,000 | 229,035,000 | 232,682,000 | 236,515,000 | 242,441,000 | 228,343,000 | 234,255,000 | 229,035,000 | 233,832,000 | 238,392,000 | 242,842,000 | 233,356,000 | 234,118,000 | 238,411,000 | 242,952,000 | 263,485,000 | 267,093,000 | 271,875,000 | 270,174,000 | 274,783,000 | 279,049,000 | 230,816,000 | 103,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributions in unconsolidated real estate ventures | 74,288,000 | 73,701,000 | 77,705,000 | 76,827,000 | 76,097,000 | 75,319,000 | 74,173,000 | 73,133,000 | 71,988,000 | 71,069,000 | 69,445,000 | 69,183,000 | 68,284,000 | 67,352,000 | 66,141,000 | 65,377,000 | 64,506,000 | 63,582,000 | 63,196,000 | 62,704,000 | 62,089,000 | 47,126,000 | 46,527,000 | 46,100,000 | 45,712,000 | 45,264,000 | 45,143,000 | 45,081,000 | 44,570,000 | 45,197,000 | 44,218,000 | 43,737,000 | 43,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 374,814,000 | 357,583,000 | 472,831,000 | 438,062,000 | 359,495,000 | 346,519,000 | 388,757,000 | 381,941,000 | 338,027,000 | 334,518,000 | 430,124,000 | 212,416,000 | 178,156,000 | 171,680,000 | 191,183,000 | 171,918,000 | 136,856,000 | 142,285,000 | 164,674,000 | 150,091,000 | 129,044,000 | 130,012,000 | 153,838,000 | 132,257,000 | 116,069,000 | 111,382,000 | 122,658,000 | 115,056,000 | 99,302,000 | 101,461,000 | 126,539,000 | 107,252,000 | 108,931,000 | 96,087,000 | 114,247,000 | 92,678,000 | 77,106,000 | 101,388,000 | 102,470,000 | 91,188,000 | 77,108,000 | 82,693,000 | 76,303,000 | 69,378,000 | 71,553,000 | 65,521,000 | 73,528,000 | 65,539 | 52,886,000 | 58,248,000 | 46,982,000 | 45,435,000 | 49,609,000 | 47,123,000 | 38,029,000 | 39,891,000 | 32,712,000 | 34,333,000 | 37,445,000 | 32,193,000 | 33,898,000 | 40,636,000 | 34,462,000 | 33,343,000 | 36,484,000 | 33,609,000 | 34,787,000 | 33,951,000 | 25,363,000 | 6,941,000 | 10,840,000 | 6,776,000 | 4,486,000 | 7,326,000 | 2,952,000 | 1,281,000 | 1,619,000 | 3,444,000 | ||||
other liabilities | 497,553,000 | 516,969,000 | 525,509,000 | 528,205,000 | 533,353,000 | 538,865,000 | 407,183,000 | 451,826,000 | 390,894,000 | 383,463,000 | 365,028,000 | 327,366,000 | 287,475,000 | 289,655,000 | 286,657,000 | 282,200,000 | 256,716,000 | 291,531,000 | 279,668,000 | 280,049,000 | 287,461,000 | 272,798,000 | 245,602,000 | 253,246,000 | 217,104,000 | 132,768,000 | 151,591,000 | 132,757,000 | 110,158,000 | 104,383,000 | 96,384,000 | 87,663,000 | 87,411,000 | 81,026,000 | 85,971,000 | 77,393,000 | 79,981,000 | 87,669,000 | 118,315,000 | 127,593,000 | 106,738,000 | 80,489,000 | 71,394,000 | 52,638,000 | 53,625,000 | 54,719,000 | 39,888,000 | 49,016 | 37,543,000 | 34,052,000 | 31,858,000 | 46,611,000 | 43,034,000 | 38,616,000 | 32,916,000 | 30,046,000 | 28,962,000 | 25,632,000 | 32,241,000 | 24,783,000 | 23,001,000 | 25,219,000 | 26,823,000 | 22,297,000 | 18,857,000 | 19,087,000 | 17,969,000 | 18,416,000 | 22,960,000 | 30,138,000 | 32,098,000 | 29,952,000 | 27,326,000 | 23,588,000 | 35,146,000 | 12,341,000 | 9,799,000 | 7,003,000 | 7,628,000 | 12,979,000 | ||
total liabilities | 14,886,868,000 | 14,940,010,000 | 14,736,557,000 | 14,690,922,000 | 14,215,415,000 | 13,988,564,000 | 13,104,434,000 | 12,631,240,000 | 12,191,142,000 | 12,042,313,000 | 12,059,117,000 | 8,330,046,000 | 8,099,968,000 | 8,089,184,000 | 7,771,347,000 | 7,145,527,000 | 6,713,586,000 | 6,688,501,000 | 6,325,484,000 | 6,102,137,000 | 6,021,963,000 | 6,459,724,000 | 5,993,282,000 | 5,784,376,000 | 5,774,856,000 | 5,610,683,000 | 5,410,441,000 | 5,561,908,000 | 5,358,702,000 | 5,062,556,000 | 5,028,596,000 | 5,006,147,000 | 4,753,978,000 | 4,731,330,000 | 4,513,230,000 | 4,458,780,000 | 4,448,542,000 | 4,495,280,000 | 4,212,684,000 | 4,015,781,000 | 3,866,034,000 | 3,698,803,000 | 3,615,496,000 | 2,410,472,000 | 2,557,090,000 | 2,490,124,000 | 2,292,297,000 | 2,278,182 | 2,200,307,000 | 1,849,359,000 | 1,842,825,000 | 1,675,944,000 | 1,682,770,000 | 1,397,700,000 | 1,443,394,000 | 1,312,159,000 | 1,251,913,000 | 1,305,974,000 | 1,241,118,000 | 1,238,346,000 | 1,297,155,000 | 1,420,415,000 | 1,436,470,000 | 1,350,699,000 | 1,355,019,000 | 1,353,367,000 | 1,373,748,000 | 1,324,887,000 | 1,308,911,000 | 1,280,379,000 | 991,112,000 | 981,922,000 | 982,082,000 | 923,708,000 | 1,091,902,000 | 572,717,000 | 540,501,000 | 483,424,000 | 464,600,000 | 532,020,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extra space storage inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 2,112,000 | 2,112,000 | 2,123,000 | 2,123,000 | 2,122,000 | 2,120,000 | 2,120,000 | 2,120,000 | 2,117,000 | 2,113,000 | 2,113,000 | 1,351,000 | 1,350,000 | 1,339,000 | 1,339,000 | 1,339,000 | 1,343,000 | 1,339,000 | 1,338,000 | 1,337,000 | 1,336,000 | 1,314,000 | 1,291,000 | 1,291,000 | 1,290,000 | 1,295,000 | 1,294,000 | 1,285,000 | 1,274,000 | 1,271,000 | 1,264,000 | 1,261,000 | 1,260,000 | 1,260,000 | 1,260,000 | 1,260,000 | 1,259,000 | 1,259,000 | 1,258,000 | 1,252,000 | 1,251,000 | 1,241,000 | 1,233,000 | 1,228,000 | 1,164,000 | 1,163,000 | 1,160,000 | 1,160 | 1,158,000 | 1,112,000 | 1,112,000 | 1,109,000 | 1,043,000 | 1,041,000 | 950,000 | 943,000 | 942,000 | 885,000 | 875,000 | 875,000 | 871,000 | 864,000 | 864,000 | 861,000 | 824,000 | 819,000 | 664,000 | 653,000 | 649,000 | 644,000 | 642,000 | 642,000 | 518,000 | 518,000 | 379,000 | 374,000 | 312,000 | 312,000 | ||||
additional paid-in capital | 14,882,445,000 | 14,880,646,000 | 14,867,437,000 | 14,860,946,000 | 14,851,126,000 | 14,831,946,000 | 14,823,018,000 | 14,810,938,000 | 14,776,888,000 | 14,750,388,000 | 14,742,973,000 | 3,383,303,000 | 3,376,458,000 | 3,345,332,000 | 3,339,961,000 | 3,334,317,000 | 3,329,608,000 | 3,285,948,000 | 3,283,848,000 | 3,288,852,000 | 3,282,255,000 | 3,000,458,000 | 2,889,592,000 | 2,884,940,000 | 2,872,933,000 | 2,868,681,000 | 2,861,611,000 | 2,756,799,000 | 2,648,723,000 | 2,640,705,000 | 2,581,158,000 | 2,554,447,000 | 2,550,578,000 | 2,569,485,000 | 2,567,234,000 | 2,569,965,000 | 2,567,228,000 | 2,566,120,000 | 2,562,134,000 | 2,510,744,000 | 2,506,551,000 | 2,431,754,000 | 2,401,886,000 | 2,416,894,000 | 1,998,240,000 | |||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 314,000 | -420,000 | 1,338,000 | 3,203,000 | 6,204,000 | 12,806,000 | 3,340,000 | 27,241,000 | 28,191,000 | 17,435,000 | 44,912,000 | 47,065,000 | 35,081,000 | 48,798,000 | 48,521,000 | 25,555,000 | 6,457,000 | -113,840,000 | -28,966,000 | -43,439,000 | -27,476,000 | 11,807,000 | 34,650,000 | 68,362,000 | 62,930,000 | 55,271,000 | 33,290,000 | 17,731,000 | 17,003,000 | 22,816,000 | 16,770,000 | -1,484,000 | 3,735,000 | 2,073 | 7,528,000 | 3,146,000 | 5,108,000 | 189,000 | ||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -1,552,391,000 | -1,449,172,000 | -1,253,277,000 | -1,075,430,000 | -972,665,000 | -899,337,000 | -817,865,000 | -667,667,000 | -510,150,000 | -379,015,000 | -252,877,000 | -175,941,000 | -159,556,000 | -135,872,000 | -139,250,000 | -159,091,000 | -127,193,000 | -128,245,000 | -229,269,000 | -250,271,000 | -284,442,000 | -354,900,000 | -392,891,000 | -391,285,000 | -362,264,000 | -301,049,000 | -296,752,000 | -288,399,000 | -277,655,000 | -262,902,000 | -255,065,000 | -276,688,000 | -263,355,000 | -253,284,000 | -370,959,000 | -366,437,000 | -355,187,000 | -339,257,000 | -323,472,000 | -343,444,000 | -328,801,000 | -337,566,000 | -273,015,000 | -272,130,000 | -258,728,000 | -257,738,000 | -248,179,000 | -179,268,000 | -120,630,000 | -112,319,000 | -104,588,000 | -97,178,000 | -81,131,000 | |||||||||||||||||||||||||||||
total extra space storage inc. stockholders’ equity | 13,332,480,000 | 13,433,166,000 | 13,617,621,000 | 2,143,062,000 | 2,089,077,000 | 2,109,292,000 | 2,144,173,000 | 1,732,876,000 | 1,737,425,000 | 1,739,328,000 | 1,736,548 | 1,750,274,000 | 1,514,309,000 | 1,530,406,000 | 1,499,550,000 | 1,274,516,000 | 1,255,560,000 | 1,024,506,000 | 1,007,380,000 | 1,004,272,000 | 890,803,000 | 876,582,000 | 879,037,000 | 878,521,000 | 883,612,000 | 878,626,000 | 892,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units | 47,827,000 | 53,827,000 | 53,827,000 | 53,827,000 | 53,827,000 | 76,092,000 | 191,306,000 | 191,306,000 | 218,824,000 | 222,360,000 | 222,939,000 | 222,940,000 | 222,940,000 | 261,502,000 | 261,494,000 | 261,231,000 | 256,051,000 | 259,110,000 | 170,248,000 | 172,902,000 | 172,652,000 | 172,052,000 | 171,738,000 | 172,542,000 | 175,319,000 | 175,948,000 | 175,918,000 | 176,108,000 | 176,264,000 | 153,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in operating partnership, net and other noncontrolling interests | 832,195,000 | 837,043,000 | 824,964,000 | 832,420,000 | 837,889,000 | 835,735,000 | 756,764,000 | 766,902,000 | 773,108,000 | 800,668,000 | 806,641,000 | 556,689,000 | 556,428,000 | 557,175,000 | 557,233,000 | 429,889,000 | 411,898,000 | 410,370,000 | 220,865,000 | 219,965,000 | 220,028,000 | 216,293,000 | 206,800,000 | 197,286,000 | 201,192,000 | 205,785,000 | 209,357,000 | 210,494,000 | 213,399,000 | 218,602,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncontrolling interests and equity | 14,212,502,000 | 14,324,036,000 | 14,496,412,000 | 14,677,089,000 | 14,778,503,000 | 14,859,362,000 | 14,958,683,000 | 15,130,840,000 | 15,288,978,000 | 15,413,949,000 | 15,566,701,000 | 4,035,407,000 | 4,032,701,000 | 4,078,274,000 | 4,069,298,000 | 3,893,240,000 | 3,878,164,000 | 3,785,976,000 | 3,382,875,000 | 3,360,955,000 | 3,314,649,000 | 2,936,124,000 | 2,767,822,000 | 2,745,518,000 | 2,774,630,000 | 2,921,694,000 | 2,907,989,000 | 2,828,811,000 | 2,773,812,000 | 2,785,422,000 | 2,770,094,000 | 2,715,802,000 | 2,716,646,000 | 2,723,807,000 | 2,573,725,000 | 2,578,683,000 | 2,585,815,000 | 2,596,166,000 | 2,529,372,000 | 2,443,217,000 | 2,425,385,000 | 2,372,604,000 | 2,387,340,000 | 2,423,278,000 | 1,907,055,000 | 1,911,983,000 | 1,933,598,000 | 1,930,708 | 1,923,184,000 | 1,635,167,000 | 1,589,791,000 | 1,553,152,000 | 1,330,152,000 | 1,310,643,000 | 1,079,742,000 | 1,062,069,000 | 1,058,944,000 | 947,143,000 | 934,032,000 | 940,769,000 | 940,307,000 | 948,735,000 | 945,974,000 | |||||||||||||||||||
total liabilities, noncontrolling interests and equity | 29,099,370,000 | 29,264,046,000 | 29,232,969,000 | 29,368,011,000 | 28,993,918,000 | 28,847,926,000 | 28,063,117,000 | 27,762,080,000 | 27,480,120,000 | 27,456,262,000 | 27,625,818,000 | 12,365,453,000 | 12,132,669,000 | 12,167,458,000 | 11,840,645,000 | 11,038,767,000 | 10,591,750,000 | 10,474,477,000 | 9,708,359,000 | 9,463,092,000 | 9,336,612,000 | 9,395,848,000 | 8,761,104,000 | 8,529,894,000 | 8,549,486,000 | 8,532,377,000 | 8,318,430,000 | 8,390,719,000 | 8,132,514,000 | 7,847,978,000 | 7,798,690,000 | 7,721,949,000 | 7,470,624,000 | 7,455,137,000 | 7,086,955,000 | 7,037,463,000 | 7,034,357,000 | 7,091,446,000 | 6,742,056,000 | 6,458,998,000 | 6,291,419,000 | 6,071,407,000 | 6,002,836,000 | 4,833,750,000 | 4,464,145,000 | 4,402,107,000 | 4,225,895,000 | 4,208,890 | 4,123,491,000 | 3,518,239,000 | 3,432,616,000 | 3,229,096,000 | 3,012,922,000 | 2,708,343,000 | 2,523,136,000 | 2,374,228,000 | 2,310,857,000 | 2,253,117,000 | 2,175,150,000 | 2,179,115,000 | 2,237,462,000 | 2,369,150,000 | 2,382,444,000 | 2,303,736,000 | ||||||||||||||||||
extra space storage inc. stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total extra space storage inc. stockholders' equity | 13,790,842,000 | 13,886,787,000 | 13,947,535,000 | 14,010,613,000 | 14,172,632,000 | 14,297,046,000 | 14,390,921,000 | 14,537,121,000 | 3,255,778,000 | 3,253,333,000 | 3,259,597,000 | 3,250,571,000 | 3,202,120,000 | 3,210,215,000 | 3,116,496,000 | 2,991,762,000 | 2,968,088,000 | 2,921,969,000 | 2,547,779,000 | 2,389,284,000 | 2,375,690,000 | 2,398,119,000 | 2,539,961,000 | 2,522,714,000 | 2,442,209,000 | 2,384,149,000 | 2,413,724,000 | 2,395,719,000 | 2,341,950,000 | 2,343,754,000 | 2,350,751,000 | 2,215,266,000 | 2,221,791,000 | 2,236,116,000 | 2,244,892,000 | 2,198,826,000 | 2,114,707,000 | |||||||||||||||||||||||||||||||||||||||||||||
revolving lines of credit | 884,000,000 | 948,000,000 | 620,000,000 | 682,000,000 | 623,000,000 | 275,250,000 | 94,500,000 | 945,000,000 | 600,000,000 | 599,000,000 | 220,000,000 | 535,000,000 | 174,000,000 | 261,000,000 | 353,000,000 | 949,000,000 | 94,000,000 | 207,000,000 | 244,000,000 | 158,000,000 | 159,000,000 | 382,000,000 | 335,000,000 | 81,000,000 | 250,000,000 | 100,500,000 | 94,000,000 | 25,000,000 | 128,000,000 | 363,000,000 | 365,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 1,273,549,000 | 1,276,555,000 | 1,273,448,000 | 1,306,301,000 | 1,288,555,000 | 1,296,830,000 | 1,288,487,000 | 1,293,563,000 | 1,320,755,000 | 5,409,828,000 | 5,109,882,000 | 4,947,417,000 | 4,797,303,000 | 4,611,222,000 | 4,300,744,000 | 4,310,476,000 | 4,318,973,000 | 4,085,295,000 | 4,090,278,000 | 4,101,958,000 | 4,137,213,000 | 4,104,955,000 | 3,829,564,000 | 3,727,744,000 | 3,738,497,000 | 3,568,113,000 | 3,429,153,000 | 3,198,870,000 | 3,213,588,000 | 3,100,235,000 | 2,985,320,000 | 2,842,076,000 | 2,758,567,000 | 2,527,756,000 | 1,928,552,000 | 1,972,957,000 | 1,872,067,000 | 1,779,201,000 | 1,794,049 | 1,664,872,000 | 1,402,432,000 | 1,409,982,000 | 1,361,554,000 | 1,226,899,000 | 1,088,413,000 | 1,025,923,000 | 869,866,000 | 855,323,000 | 915,533,000 | 851,812,000 | 837,166,000 | 936,468,000 | 1,044,446,000 | 1,065,502,000 | 945,288,000 | 930,088,000 | 931,081,000 | 951,402,000 | 902,930,000 | 875,730,000 | 873,710,000 | 828,584,000 | 825,604,000 | 805,680,000 | 748,204,000 | 892,214,000 | 480,743,000 | 480,584,000 | 433,977,000 | |||||||||||||
restricted cash | 7,363,000 | 11,437,000 | 6,688,000 | 5,068,000 | 15,717,000 | 3,743,000 | 2,465,000 | 18,885,000 | 5,771,000 | 5,354,000 | 4,633,000 | 4,987,000 | 4,438,000 | 7,977,000 | 7,840,000 | 15,194,000 | 21,205,000 | 19,912,000 | 18,537,000 | 30,361,000 | 17,277,000 | 16,764,000 | 12,231,000 | 13,884,000 | 16,442,000 | 15,232,000 | 32,003,000 | 30,738,000 | 228,629,000 | 25,424,000 | 35,350,000 | 25,245,000 | 26,205,000 | 20,651 | 20,026,000 | 22,803,000 | 20,502,000 | 20,157,000 | 23,384,000 | 37,234,000 | 24,273,000 | 30,352,000 | 32,700,000 | 40,527,000 | 32,893,000 | 33,699,000 | 32,962,000 | 42,083,000 | 40,927,000 | 34,877,000 | 38,265,000 | 37,152,000 | 34,213,000 | 36,642,000 | 35,528,000 | 46,094,000 | 44,282,000 | 16,955,000 | 18,384,000 | 16,758,000 | 22,099,000 | 5,996,000 | 5,510,000 | 4,430,000 | 5,754,000 | 8,705,000 | ||||||||||||||||
accumulated other comprehensive loss | -42,546,000 | -64,155,000 | -71,830,000 | -77,180,000 | -99,093,000 | -108,708,000 | -119,256,000 | -41,094,000 | -53,845,000 | -35,939,000 | -6,352,000 | -20,812,000 | -1,819,000 | -7,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchangeable senior notes | 575,000,000 | 573,154,000 | 571,321,000 | 569,513,000 | 567,705,000 | 565,920,000 | 564,136,000 | 562,374,000 | 560,613,000 | 570,425,000 | 568,644,000 | 604,276,000 | 602,485,000 | 614,173,000 | 612,233,000 | 610,314,000 | 608,373,000 | 606,422,000 | 606,887,000 | 623,863,000 | 660,364,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000 | 250,000,000 | 250,000,000 | 250,000,000 | 87,663,000 | 87,663,000 | 87,663,000 | 87,663,000 | 87,663,000 | 87,663,000 | 87,663,000 | 95,163,000 | 95,163,000 | 138,163,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||||||||
notes payable to trusts | 30,928,000 | 95,887,000 | 117,506,000 | 117,475,000 | 117,444,000 | 117,414,000 | 117,383,000 | 117,352,000 | 117,321,000 | 117,291,000 | 117,258,000 | 117,225,000 | 117,191,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 119,590,000 | 78,352,000 | |||||||||||||||||||||||||||||||||||
investments in unconsolidated real estate ventures | 175,442,000 | 174,480,000 | 161,029,000 | 125,326,000 | 114,451,000 | 97,556,000 | 63,868,000 | 70,091,000 | 78,512,000 | 79,294,000 | 79,385,000 | 79,570,000 | 85,912,000 | 99,576,000 | 89,224,000 | 103,007,000 | 84,671,000 | 84,744,000 | 85,602,000 | 85,711,000 | 86,232,000 | 86,794 | 89,326,000 | 100,455,000 | 101,698,000 | 102,102,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units, net of 119,735 and 120,230 notes receivable as of september 30, 2018 and december 31, 2017, respectively | 160,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in operating partnership | 213,885,000 | 213,509,000 | 212,476,000 | 213,301,000 | 202,232,000 | 200,596,000 | 201,876,000 | 203,354,000 | 195,186,000 | 193,182,000 | 201,791,000 | 202,834,000 | 197,017,000 | 197,912,000 | 92,105,000 | 92,422,000 | 90,420,000 | 90,332 | 91,042,000 | 90,504,000 | 28,877,000 | 22,603,000 | 24,699,000 | 24,279,000 | 24,425,000 | 23,924,000 | 23,900,000 | 25,510,000 | 26,608,000 | 30,909,000 | 31,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other noncontrolling interests | 240,000 | 239,000 | 239,000 | 119,000 | 1,795,000 | 1,806,000 | 161,000 | 161,000 | 162,000 | 162,000 | 173,000 | 986,000 | 984,000 | 1,032,000 | 1,029 | 1,025,000 | 474,000 | 475,000 | 1,035,000 | 1,108,000 | 1,112,000 | 1,105,000 | 1,100,000 | 1,114,000 | 1,129,000 | 1,141,000 | 1,066,000 | 860,000 | 1,029,000 | 1,591,000 | 1,989,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units, net of 119,735 and 120,230 notes receivable as of june 30, 2018 and december 31, 2017, respectively | 160,104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units, net of 119,735 and 120,230 notes receivable as of march 31, 2018 and december 31, 2017, respectively | 160,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties and affiliated real estate joint ventures | 2,847,000 | 4,618,000 | 4,676,000 | 6,251,000 | 16,611,000 | 9,156,000 | 485,000 | 15,739,000 | 2,205,000 | 3,016,000 | 2,071,000 | 3,136,000 | 11,778,000 | 12,283,000 | 12,640 | 8,966,000 | 7,928,000 | 3,258,000 | 9,096,000 | 10,930,000 | 15,976,000 | 15,415,000 | 61,184,000 | 8,490,000 | 9,334,000 | 24,593,000 | 20,589,000 | 23,004,000 | 3,377,000 | 5,666,000 | 5,035,000 | 11,591,000 | 9,238,000 | 9,529,000 | 9,447,000 | 8,321,000 | 5,966,000 | 15,880,000 | 7,064,000 | 11,793,000 | 16,590,000 | |||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units, net of 120,230 notes receivable | 159,636,000 | 154,432,000 | 154,490,000 | 147,823,000 | 147,920,000 | 135,360,000 | 135,167,000 | 80,371,000 | 80,531,000 | 80,869,000 | 81,020,000 | 81,088,000 | 81,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lines of credit | 166,000,000 | 88,000,000 | 116,000,000 | 36,000,000 | 185,000,000 | 99,000,000 | 138,000,000 | 40,000,000 | 10,000 | 87,000,000 | 100,000,000 | 240,000,000 | 100,000,000 | 135,000,000 | 166,000,000 | 129,000,000 | 125,000,000 | 115,000,000 | 140,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 48,499,000 | 39,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premium on notes payable | 1,235,000 | 1,599,000 | 2,534,000 | 3,281,000 | 4,010,000 | 4,775 | 4,053,000 | 2,336,000 | 2,546,000 | 2,754,000 | 3,638,000 | 3,958,000 | 4,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount on exchangeable senior notes | -26,146,000 | -11,285,000 | -12,169,000 | -13,054,000 | -13,920,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
paid-in capital | 1,995,484,000 | 1,982,612,000 | 1,981,186 | 1,976,597,000 | 1,766,691,000 | 1,765,577,000 | 1,742,569,000 | 1,531,975,000 | 1,527,332,000 | 1,294,572,000 | 1,281,378,000 | 1,278,939,000 | 1,161,184,000 | 1,146,903,000 | 1,144,433,000 | 1,138,906,000 | 1,132,865,000 | 1,132,073,000 | 1,131,150,000 | 1,063,411,000 | 1,061,484,000 | 827,474,000 | 825,130,000 | 824,088,000 | 823,348,000 | 822,181,000 | 821,852,000 | 624,465,000 | 623,801,000 | 435,571,000 | 429,179,000 | 347,883,000 | 347,883,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by preferred operating partnership units, net of 100,000 note receivable | 102,818,000 | 102,799 | 80,843,000 | 30,033,000 | 29,964,000 | 29,829,000 | 29,692,000 | 29,706,000 | 29,665,000 | 29,658,000 | 29,701,000 | 29,701,000 | 29,757,000 | 29,813,000 | 29,941,000 | 29,891,000 | 28,382,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by series b preferred operating partnership units | 33,713,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest represented by series a preferred operating partnership units, net of 100,000 note receivable | 29,880,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate ventures | 121,269,000 | 125,729,000 | 125,336,000 | 134,219,000 | 137,997,000 | 141,525,000 | 144,121,000 | 152,976,000 | 146,718,000 | 132,356,000 | 132,272,000 | 135,785,000 | 139,345,000 | 95,819,000 | 94,711,000 | 89,876,000 | 91,303,000 | 92,515,000 | 88,115,000 | 89,695,000 | 90,569,000 | 89,652,000 | 96,665,000 | 7,773,000 | 6,121,000 | 6,182,000 | 5,383,000 | 7,541,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net operating real estate assets | 2,051,567,000 | 2,038,827,000 | 1,958,245,000 | 1,873,161,000 | 1,867,245,000 | 1,842,348,000 | 1,989,675,000 | 1,940,232,000 | 1,955,543,000 | 1,856,809,000 | 1,811,327,000 | 1,788,625,000 | 1,707,384,000 | 1,641,120,000 | 1,419,774,000 | 1,382,055,000 | 1,333,901,000 | 694,936,000 | 670,775,000 | 455,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate under development | 8,621,000 | 6,800,000 | 13,168,000 | 29,537,000 | 29,079,000 | 33,295,000 | 52,942,000 | 89,310,000 | 77,022,000 | 48,447,000 | 74,127,000 | 64,533,000 | 49,943,000 | 35,906,000 | 31,423,000 | 35,336,000 | 36,343,000 | 1,963,000 | 8,949,000 | 85,232,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net real estate assets | 2,060,188,000 | 2,045,627,000 | 1,971,413,000 | 1,902,698,000 | 1,896,324,000 | 1,875,643,000 | 2,042,617,000 | 2,029,542,000 | 2,032,565,000 | 1,905,256,000 | 1,885,454,000 | 1,853,158,000 | 1,757,327,000 | 1,677,026,000 | 1,451,197,000 | 1,417,391,000 | 1,370,244,000 | 696,899,000 | 679,724,000 | 540,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in operating partnership | 34,153,000 | 35,866,000 | 30,580,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
line of credit | 100,000,000 | 25,000,000 | 25,000,000 | 42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 953,037,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, minority interests, and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest represented by preferred operating partnership units, net of 100,000 note receivable | 28,828,000 | 29,204,000 | 29,612,000 | 30,427,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in operating partnership and other minority interests | 30,696,000 | 31,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 829,143,000 | 835,468,000 | 612,886,000 | 627,290,000 | 631,266,000 | 636,576,000 | 643,555,000 | 651,085,000 | 461,113,000 | 469,141,000 | 301,275,000 | 308,923,000 | 235,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests, and stockholders’ equity | 2,243,686,000 | 2,249,277,000 | 1,951,610,000 | 1,669,825,000 | 1,668,536,000 | 1,477,969,000 | 1,428,268,000 | 1,429,555,000 | 901,910,000 | 797,153,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, minority interests and stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in operating partnership | 33,371,000 | 36,807,000 | 37,020,000 | 34,322,000 | 34,841,000 | 35,304,000 | 34,549,000 | 35,194,000 | 36,153,000 | 20,045,000 | 20,776,000 | 21,453,000 | 21,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other minority interests | 164,000 | 277,000 | 333,000 | 317,000 | 225,000 | 225,000 | 225,000 | 225,000 | 225,000 | 10,508,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests and stockholders’ equity | 2,049,284,000 | 2,019,575,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 49,200,000 | 90,331,000 | 286,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock , 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instrument associated with preferred operating partnership units | 15,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred operating partnership units, net of 100,000 note receivable | 6,465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, preferred operating partnership, minority interests, and stockholders’ equity | 1,983,939,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 1,688,000 | 1,693,000 | 11,996,000 | 38,008,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred stock compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties | 31,101,000 | 3,264,000 | 2,254,000 | 2,501,000 | 714,000 | 13,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable minority interest - fidelity | 19,485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, minority interests, redeemable units and members’ and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payables to related parties | 51,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
putable preferred interests in consolidated joint ventures | 35,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable minority interest—fidelity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class c units | 30,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class e units | 14,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members’ and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a units | 9,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b units | 48,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable from centershift | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total members’ and shareholders’ equity | 243,607,000 | 251,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests, redeemable units and members’ and shareholders’ equity | 748,484,000 | 737,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 32,006,000 | 2,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings | 454,023,000 | 431,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 2,949,000 | 548,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares, 50,000,000 shares authorized at 0.01 per share, none issued and outstanding at september 30, 2004 and december 31, 2003 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, 200,000,000 shares authorized at 0.01 per share, 31,169,950 issued and outstanding at september 30, 2004 | 312,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital contributed in excess of par value | 347,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, minority interests, redeemable units and members’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
members’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total members equity | -22,665,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests, redeemable units and members’s equity | 584,453,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property rental revenues | 13,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition fees and development fees | 134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 353,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 13,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 5,880,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrecovered development/acquisition costs and support payments | 186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 3,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 3,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 12,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before interest expense, minority interests, equity in earnings of real estate ventures and gain on sale of real estate assets | 1,501,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -8,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest - fidelity preferred return | -1,124,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss allocated to other minority interests | 560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of real estate ventures | 433,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -7,036,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 252,420,000 | 300,864,000 | 174,033,000 | 262,716,000 | 284,925,000 | 277,801,000 | 202,945,000 | 195,412,000 | 224,074,000 | 227,407,000 | 198,856,000 | 215,312,000 | 208,878,000 | 219,479,000 | 236,126,000 | 247,834,000 | 217,717,000 | 283,858,000 | 199,820,000 | 178,579,000 | 215,501,000 | 166,309,000 | 123,854,000 | 111,257,000 | 116,162,000 | 120,279,000 | 115,995,000 | 112,689,000 | 102,160,000 | 109,250,000 | 139,687,000 | 102,713,000 | 95,430,000 | 229,315,000 | 101,075,000 | 94,098,000 | 89,734,000 | 90,416,000 | 127,226,000 | 90,040,000 | 89,407,000 | 11,744,000 | 78,200,000 | 60,956,000 | 58,636,000 | 49,486,000 | 59,193,000 | 46,008,000 | 41,209,000 | 32,352,000 | 37,101,000 | 33,931,000 | 41,553,000 | 24,745,000 | 22,518,000 | 17,352,000 | 12,517,000 | 10,140,000 | 9,482,000 | 7,925,000 | 5,179,000 | 7,574,000 | -6,681,000 | 30,762,000 | 12,327,000 | 8,901,000 | 6,700,000 | 11,338,000 | 8,695,000 | 6,470,000 | 6,739,000 | 4,307,000 | 3,092,000 | 738,000 | ||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 185,795,000 | 180,089,000 | 177,466,000 | 177,266,000 | 180,356,000 | 196,202,000 | 195,046,000 | 194,809,000 | 196,966,000 | 196,139,000 | 152,338,000 | 79,086,000 | 78,490,000 | 79,920,000 | 71,423,000 | 69,067,000 | 67,906,000 | 62,194,000 | 61,516,000 | 59,570,000 | 58,599,000 | 56,739,000 | 56,412,000 | 56,018,000 | 55,275,000 | 54,741,000 | 56,051,000 | 54,406,000 | 54,659,000 | 53,126,000 | 52,283,000 | 51,892,000 | 51,749,000 | 49,157,000 | 48,075,000 | 46,632,000 | 49,432,000 | 49,158,000 | 46,555,000 | 43,950,000 | 42,897,000 | 40,766,000 | 30,711,000 | 31,552,000 | 30,428,000 | 29,181,000 | 29,249,000 | 28,271,000 | 28,375,000 | 23,428,000 | 22,785,000 | 23,025,000 | 19,768,000 | 16,626,000 | 16,524,000 | 14,364,000 | 14,092,000 | 13,585,000 | 12,519,000 | 12,202,000 | 12,419,000 | 13,797,000 | 12,840,000 | 12,523,000 | 12,355,000 | 11,697,000 | 11,581,000 | 10,598,000 | 9,123,000 | 8,796,000 | 9,586,000 | 9,253,000 | 9,057,000 | 9,276,000 | 9,535,000 | 6,213,000 | 5,730,000 | 10,823,000 |
amortization of deferred financing costs | 3,228,000 | 3,173,000 | 3,106,000 | 2,861,000 | 2,790,000 | 3,254,000 | 5,680,000 | 3,731,000 | 4,008,000 | 9,233,000 | 4,246,000 | 2,866,000 | 2,604,000 | 2,421,000 | 2,419,000 | 1,949,000 | 1,984,000 | 3,931,000 | 1,787,000 | 2,583,000 | 2,286,000 | 2,030,000 | 2,410,000 | 2,116,000 | 2,830,000 | 3,077,000 | 2,906,000 | 2,972,000 | 3,034,000 | 5,056,000 | 3,166,000 | 3,043,000 | 3,021,000 | 3,043,000 | 3,163,000 | 2,980,000 | 3,103,000 | 3,534,000 | 3,771,000 | 2,794,000 | 2,823,000 | 2,903,000 | 1,548,000 | 1,730,000 | 1,598,000 | 1,637,000 | 1,719,000 | 1,595,000 | 1,641,000 | 1,163,000 | 1,525,000 | 1,510,000 | 1,646,000 | 1,124,000 | 2,246,000 | 1,487,000 | 1,131,000 | 1,102,000 | 976,000 | 1,097,000 | 1,250,000 | 1,097,000 | 998,000 | 883,000 | 932,000 | 847,000 | 861,000 | 897,000 | 928,000 | 632,000 | ||||||||
non-cash lease expense | 3,152,000 | 3,227,000 | 3,214,000 | 506,000 | 480,000 | 462,000 | 462,000 | 502,000 | 465,000 | 474,000 | 473,000 | 451,000 | 458,000 | 487,000 | 374,000 | 369,000 | 77,000 | 353,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on unsecured senior notes | 12,555,000 | 12,350,000 | 12,086,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation expense related to share-based awards | 7,606,000 | 12,797,000 | 7,061,000 | 8,512,000 | 7,167,000 | 8,489,000 | 8,225,000 | 280,000 | 5,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrual of interest income added to principal of debt securities and notes receivable | -7,710,000 | -8,453,000 | -7,680,000 | -8,148,000 | -8,273,000 | -7,912,000 | -7,355,000 | -8,545,000 | -7,555,000 | -7,780,000 | -13,927,000 | -7,626,000 | -8,574,000 | -9,898,000 | -9,279,000 | -9,284,000 | -9,951,000 | -8,679,000 | -8,559,000 | -8,779,000 | -8,533,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of a joint venture interest | -207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate assets held for sale and sold | -35,761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings from unconsolidated real estate ventures | 3,332,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 38,187,000 | 49,249,000 | -55,101,000 | 16,785,000 | 10,218,000 | -57,780,000 | 48,255,000 | -22,181,000 | 19,663,000 | 616,000 | -4,994,000 | -25,479,000 | -2,650,000 | 2,999,000 | -19,996,000 | 21,998,000 | -6,209,000 | -13,279,000 | -16,131,000 | 8,256,000 | -2,737,000 | -1,697,000 | -7,792,000 | -12,675,000 | 2,490,000 | -1,329,000 | -13,043,000 | 2,195,000 | -305,000 | -1,025,000 | -7,908,000 | 8,006,000 | -737,000 | 804,000 | -30,564,000 | 10,730,000 | 4,336,000 | 13,078,000 | -14,873,000 | 4,090,000 | -5,276,000 | 18,850,000 | -17,061,000 | -324,000 | -2,637,000 | -1,965,000 | -3,306,000 | 2,325,000 | 1,448,000 | 897,000 | 1,051,000 | 3,705,000 | -1,818,000 | 2,979,000 | -3,852,000 | 1,850,000 | 3,110,000 | 148,000 | 317,000 | 1,692,000 | -742,000 | 4,095,000 | -2,689,000 | -1,177,000 | 3,252,000 | 3,643,000 | -6,027,000 | -716,000 | 1,381,000 | |||||||||
accounts payable and accrued expenses | 9,989,000 | -113,895,000 | 43,662,000 | 72,531,000 | 4,998,000 | -44,181,000 | 2,476,000 | 41,557,000 | 1,112,000 | -99,279,000 | 98,076,000 | 31,510,000 | 4,724,000 | -19,871,000 | 20,252,000 | 36,311,000 | -7,665,000 | -22,956,000 | 14,844,000 | 21,754,000 | -2,691,000 | -23,806,000 | 21,817,000 | 16,236,000 | 3,727,000 | -13,788,000 | 7,678,000 | 15,214,000 | 6,418,000 | -24,941,000 | 19,789,000 | -2,546,000 | 10,434,000 | -16,940,000 | 24,515,000 | 11,979,000 | -30,069,000 | -863,000 | 11,340,000 | 5,240,000 | -5,642,000 | -10,674,000 | 6,925,000 | -2,175,000 | 6,032,000 | -8,007,000 | 7,989,000 | 2,486,000 | 123,000 | 512,000 | 2,875,000 | |||||||||||||||||||||||||||
other liabilities | -18,492,000 | -36,945,000 | -3,376,000 | -16,460,000 | 14,479,000 | 50,254,000 | -52,219,000 | 68,429,000 | 2,371,000 | 13,288,000 | -45,781,000 | 40,984,000 | -11,573,000 | 4,869,000 | -2,633,000 | -9,823,000 | 15,872,000 | -12,548,000 | 6,226,000 | -2,508,000 | -664,000 | 7,389,000 | -11,404,000 | 21,956,000 | 1,691,000 | -6,703,000 | 5,833,000 | 1,012,000 | -2,475,000 | 1,787,000 | 7,702,000 | -1,380,000 | 6,275,000 | -5,258,000 | 9,568,000 | -3,582,000 | -6,359,000 | -2,965,000 | 6,615,000 | -2,457,000 | -985,000 | 13,718,000 | 2,125,000 | 1,172,000 | -5,087,000 | 6,856,000 | -2,643,000 | -715,000 | -3,516,000 | -501,000 | 488,000 | 896,000 | 2,036,000 | 3,240,000 | 3,619,000 | 447,000 | -4,539,000 | |||||||||||||||||||||
net cash from operating activities | 489,855,000 | 367,797,000 | 457,131,000 | 543,861,000 | 481,404,000 | 408,279,000 | 468,351,000 | 545,244,000 | 465,556,000 | 364,515,000 | 408,432,000 | 347,878,000 | 281,649,000 | 290,118,000 | 307,634,000 | 352,922,000 | 287,465,000 | 223,168,000 | 265,580,000 | 259,808,000 | 203,880,000 | 187,965,000 | 191,194,000 | 202,817,000 | 189,256,000 | 163,220,000 | 181,059,000 | 194,068,000 | 169,339,000 | 148,768,000 | 189,285,000 | 168,134,000 | 171,608,000 | 147,746,000 | 160,580,000 | 175,928,000 | 113,121,000 | 153,104,000 | 146,489,000 | 144,204,000 | 95,466,000 | 81,048,000 | 102,994,000 | 95,848,000 | 87,439,000 | 81,017,000 | 88,805,000 | 103,187,000 | 64,572,000 | 72,033,000 | 75,435,000 | 51,116,000 | 60,340,000 | 51,831,000 | 40,790,000 | 35,464,000 | 35,191,000 | 30,002,000 | 28,659,000 | 30,056,000 | 16,015,000 | 16,960,000 | 30,514,000 | 18,618,000 | 25,868,000 | 26,243,000 | 25,662,000 | 13,804,000 | 15,030,000 | 1,189,000 | 3,256,000 | -15,200,000 | ||||||
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 | ||||||
free cash flows | 489,855,000 | 367,797,000 | 457,131,000 | 543,861,000 | 481,404,000 | 408,279,000 | 468,351,000 | 545,244,000 | 465,556,000 | 364,515,000 | 408,432,000 | 347,878,000 | 281,649,000 | 290,118,000 | 307,634,000 | 352,922,000 | 287,465,000 | 223,168,000 | 265,580,000 | 259,808,000 | 203,880,000 | 187,965,000 | 191,194,000 | 202,817,000 | 189,256,000 | 163,220,000 | 181,059,000 | 194,068,000 | 169,339,000 | 148,768,000 | 189,285,000 | 168,134,000 | 171,608,000 | 147,746,000 | 160,580,000 | 175,928,000 | 113,121,000 | 153,104,000 | 146,489,000 | 144,204,000 | 95,466,000 | 81,048,000 | 102,994,000 | 95,848,000 | 87,439,000 | 81,017,000 | 88,805,000 | 103,187,000 | 64,572,000 | 72,033,000 | 75,435,000 | 51,116,000 | 60,340,000 | 51,831,000 | 40,790,000 | 35,464,000 | 35,191,000 | 30,002,000 | 28,659,000 | 30,056,000 | 16,015,000 | 16,960,000 | 30,514,000 | 18,618,000 | 25,868,000 | 26,243,000 | 25,662,000 | 13,804,000 | 15,030,000 | 1,189,000 | 3,256,000 | -15,200,000 | ||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate assets and improvements | -74,469,000 | -338,720,000 | -123,030,000 | -255,893,000 | -208,624,000 | -289,409,000 | -203,797,000 | -66,279,000 | -91,050,000 | -123,378,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development and redevelopment of real estate assets | -26,419,000 | -31,958,000 | -31,507,000 | -44,323,000 | -35,237,000 | -28,111,000 | -31,123,000 | -33,559,000 | -35,825,000 | -33,648,000 | -29,289,000 | -20,482,000 | -16,762,000 | -30,367,000 | -2,396,000 | -14,540,000 | -14,716,000 | -13,507,000 | -16,937,000 | -11,696,000 | -14,086,000 | -21,188,000 | -16,121,000 | -14,618,000 | -15,373,000 | -19,304,000 | -13,522,000 | -5,045,000 | -15,846,000 | -15,301,000 | -17,483,000 | -16,787,000 | -11,106,000 | -11,076,000 | -8,396,000 | -7,028,000 | -5,246,000 | -4,787,000 | -4,092,000 | -7,857,000 | -6,543,000 | -11,794,000 | -5,211,000 | -6,786,000 | -3,140,000 | -12,240,000 | ||||||||||||||||||||||||||||||||
proceeds from sale of real estate assets | 6,103,000 | 199,436,000 | 35,541,000 | 8,476,000 | 124,730,000 | 61,472,000 | 132,733,000 | 43,790,000 | 39,204,000 | 0 | 0 | -40,000 | 0 | 0 | 0 | 0 | 0 | 728,000 | 7,896,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated real estate entities | -5,563,000 | -19,927,000 | 6,107,000 | -10,888,000 | -102,397,000 | -294,742,000 | 3,614,000 | -8,377,000 | -2,412,000 | -1,021,000 | -8,132,000 | -150,064,000 | -21,062,000 | -16,293,000 | -26,331,000 | -72,018,000 | -4,321,000 | -33,768,000 | -13,660,000 | -6,924,000 | -250,000 | -50,855,000 | -4,396,000 | -3,100,000 | -6,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of notes receivable | -14,590,000 | -102,835,000 | -151,971,000 | -16,825,000 | -7,500,000 | -23,316,000 | -10,078,000 | 39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments received on notes receivable | 40,957,000 | 108,514,000 | 91,624,000 | 6,375,000 | 39,963,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of notes receivable | 29,335,000 | 14,192,000 | 66,001,000 | 6,496,000 | 25,875,000 | 8,297,000 | 33,431,000 | 73,368,000 | 21,435,000 | 39,261,000 | 6,353,000 | 121,580,000 | 42,397,000 | 39,718,000 | 55,180,000 | 29,524,000 | 6,048,000 | 81,250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equipment and fixtures | -2,855,000 | -5,435,000 | -7,302,000 | -4,133,000 | -4,269,000 | -4,801,000 | -6,061,000 | -3,050,000 | -6,602,000 | -6,479,000 | -3,610,000 | -1,975,000 | -3,930,000 | -3,342,000 | -9,978,000 | -1,527,000 | -7,985,000 | -601,000 | -981,000 | -1,380,000 | -697,000 | -3,686,000 | -642,000 | -1,670,000 | -1,095,000 | -2,805,000 | -2,936,000 | -841,000 | -1,182,000 | -1,271,000 | -806,000 | -1,089,000 | -1,131,000 | -2,184,000 | -1,525,000 | -2,818,000 | -1,292,000 | -2,150,000 | -690,000 | -1,220,000 | -908,000 | -2,559,000 | -2,229,000 | -1,408,000 | -1,184,000 | -1,194,000 | ||||||||||||||||||||||||||||||||
net cash from investing activities | -47,501,000 | -116,551,000 | -83,407,000 | -272,217,000 | -342,038,000 | -769,417,000 | -112,736,000 | -482,696,000 | -282,071,000 | -182,204,000 | -1,278,466,000 | -271,247,000 | -86,339,000 | -406,205,000 | -672,226,000 | -448,656,000 | -121,372,000 | -419,748,000 | -272,490,000 | -187,897,000 | 42,595,000 | -591,582,000 | -251,977,000 | -51,295,000 | -60,573,000 | -265,253,000 | 84,052,000 | -193,454,000 | -246,975,000 | -126,869,000 | -87,934,000 | -198,167,000 | -30,928,000 | -281,812,000 | -38,710,000 | -48,944,000 | -90,000 | -327,725,000 | -298,318,000 | -147,324,000 | -258,668,000 | -1,139,230,000 | -233,645,000 | -161,278,000 | -91,511,000 | -208,007,000 | 11,821,000 | -18,926,000 | -57,679,000 | -236,112,000 | ||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from secured and unsecured term loans, senior notes, revolving lines of credit and commercial paper | 4,173,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on secured and unsecured term loans, senior notes, revolving lines of credit and commercial paper | -4,248,783,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of public bonds | 0 | 800,000,000 | 0 | 850,000,000 | 300,000,000 | 400,000,000 | 0 | 600,000,000 | 0 | 450,000,000 | 500,000,000 | 0 | -3,900,000 | 0 | 400,000,000 | 0 | 593,953,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | -48,000 | -1,713,000 | -17,325,000 | 155,000 | -13,528,000 | -10,497,000 | -6,914,000 | -105,000 | -5,614,000 | 11,941,000 | -23,208,000 | -22,071,000 | -6,080,000 | -1,703,000 | -905,000 | -871,000 | -5,842,000 | 0 | -5,295,000 | -3,714,000 | -1,689,000 | -891,000 | -3,149,000 | 4,000 | -16,000 | -978,000 | -1,421,000 | -487,000 | -100,000 | -5,247,000 | -4,027,000 | -2,911,000 | -117,000 | -1,795,000 | -2,247,000 | -2,672,000 | -253,000 | -10,786,000 | -998,000 | -4,416,000 | -1,286,000 | -4,641,000 | -1,687,000 | -2,032,000 | -1,419,000 | -1,454,000 | -2,313,000 | -400,000 | -8,794,000 | |||||||||||||||||||||||||||||
repurchase of common stock | -1,443,000 | 0 | 0 | 0 | -54,000 | -15,615,000 | -52,204,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units for cash | -1,656,000 | 0 | -1,174,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred op units for cash | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common stock | -342,753,000 | -342,368,000 | -343,845,000 | -343,882,000 | -344,203,000 | -343,959,000 | -343,408,000 | -343,428,000 | -344,208,000 | -342,272,000 | -265,286,000 | -218,795,000 | -219,988,000 | -200,882,000 | -200,878,000 | -201,024,000 | -202,527,000 | -167,403,000 | -167,274,000 | -133,777,000 | -132,540,000 | -118,065,000 | -116,185,000 | -116,318,000 | -117,197,000 | -116,579,000 | -116,440,000 | -115,572,000 | -109,523,000 | -109,299,000 | -108,795,000 | -108,486,000 | -98,327,000 | -98,286,000 | -98,286,000 | -98,256,000 | -98,212,000 | -98,188,000 | -98,116,000 | -97,687,000 | -73,827,000 | -73,226,000 | -72,603,000 | -68,741,000 | -54,732,000 | -54,681,000 | -7,091,000 | -7,091,000 | -3,468,000 | |||||||||||||||||||||||||||||
distributions to noncontrolling interests, net of contributions | -15,216,000 | -18,048,000 | -14,087,000 | -15,250,000 | -15,511,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -442,129,000 | -224,300,000 | -386,178,000 | -266,004,000 | -159,621,000 | 410,116,000 | -342,834,000 | -36,390,000 | -233,182,000 | -300,349,000 | 1,040,242,000 | -74,160,000 | -242,603,000 | 119,468,000 | 388,780,000 | 93,234,000 | -169,621,000 | 191,493,000 | 28,442,000 | -74,957,000 | -311,689,000 | 451,052,000 | 79,606,000 | -187,701,000 | -101,486,000 | 106,051,000 | -254,040,000 | 8,202,000 | 51,774,000 | -15,792,000 | -103,874,000 | 45,075,000 | -172,660,000 | 126,017,000 | -89,786,000 | -124,647,000 | -127,578,000 | 199,787,000 | 129,463,000 | -5,575,000 | 137,156,000 | 18,449,000 | 1,070,290,000 | 196,019,000 | 1,713,000 | 125,437,000 | -50,035,000 | -39,423,000 | 112,328,000 | 106,920,000 | 36,797,000 | -26,666,000 | 79,423,000 | 5,531,000 | -21,727,000 | -145,584,000 | 274,297,000 | 13,422,000 | 470,630,000 | 100,493,000 | 42,380,000 | 271,572,000 | ||||||||||||||||
net change in cash, cash equivalents, and restricted cash | 225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of the period | 143,180,000 | 0 | 0 | 0 | 143,303,000 | 0 | 0 | 0 | 105,083,000 | 0 | 0 | 0 | 97,735,000 | 0 | 0 | 0 | 76,194,000 | 0 | 0 | 0 | 128,009,000 | 0 | 0 | 0 | 70,733,000 | 0 | 0 | 0 | 72,690,000 | 0 | 0 | 0 | 86,044,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of the period | 143,405,000 | 26,946,000 | -12,454,000 | 5,640,000 | 123,048,000 | 48,978,000 | 12,781,000 | 26,158,000 | 55,386,000 | -118,038,000 | 170,208,000 | 2,471,000 | 50,442,000 | 3,381,000 | 24,188,000 | -2,500,000 | 72,666,000 | -5,087,000 | 21,532,000 | -3,046,000 | 62,795,000 | 47,435,000 | 18,823,000 | -36,179,000 | 97,930,000 | 4,018,000 | 11,071,000 | 8,816,000 | 46,828,000 | 54,064,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate assets held for sale and sold | 6,079,000 | 105,128,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | -45,167,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of life storage trade name | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated real estate ventures | 4,429,000 | 6,885,000 | 8,718,000 | 9,192,000 | 8,906,000 | 7,299,000 | 6,240,000 | 8,300,000 | 8,576,000 | 3,890,000 | 3,805,000 | 3,789,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
life storage merger, net of cash acquired | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of investment in unconsolidated real estate ventures | 60,182,000 | 31,130,000 | 2,414,000 | 8,799,000 | 0 | 0 | 0 | 342,000 | 0 | 0 | 365,000 | 31,169,000 | 0 | 0 | 0 | 1,166,000 | 20,000 | 0 | 47,944,000 | 0 | 0 | 0 | 581,000 | 4,962,000 | 10,673,000 | 1,000,000 | 318,000 | 45,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of loan collateralized with op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loans, senior notes, revolving lines of credit and commercial paper | 4,746,800,000 | 4,995,912,000 | 2,461,000,000 | 3,979,431,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on unsecured term loans, senior notes, revolving lines of credit and commercial paper | -4,468,038,000 | -5,805,659,000 | -2,359,133,000 | -4,615,810,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from share issuances | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
offering costs associated with shelf registration | 0 | -28,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, including restricted cash at the beginning of the period: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents | 0 | 138,222,000 | 0 | 0 | 0 | 99,062,000 | 0 | 92,868,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other assets | 0 | 5,081,000 | 0 | 0 | 0 | 6,021,000 | 0 | 4,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, including restricted cash at the beginning of the period: - sum | 0 | 143,303,000 | 0 | 105,083,000 | 0 | 97,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, including restricted cash at the end of the period: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and equivalents, including restricted cash at the end of the period: - sum | 26,946,000 | 48,978,000 | 55,386,000 | 50,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 131,253,000 | 117,983,000 | 43,197,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental schedule of noncash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units held by noncontrolling interests for common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in operating partnership | 0 | -91,329,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock and paid-in capital | 0 | 89,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in operating partnership note receivable payoff | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred d units in the operating partnership for loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred op units redeemed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred op units to common op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and establishment of operating lease right of use assets and lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets - operating lease right-of-use assets | 5,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | -5,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets | 375,910,000 | 502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of op units issued | -13,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of investment in consolidated real estate ventures | -30,459,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net debt assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bridge loan receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated real estate ventures | 30,881,000 | -2,317,000 | -13,949,000 | -17,395,000 | -12,694,000 | -18,054,000 | -34,314,000 | -438,000 | -14,923,000 | -351,000 | -1,151,000 | -1,519,000 | -2,551,000 | -6,381,000 | -14,515,000 | -4,794,000 | -2,885,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
life storage merger real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of common stock issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued construction costs and capital expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate assets | -1,353,000 | 1,943,000 | -80,120,000 | -47,296,000 | -166,714,000 | -686,490,000 | -242,482,000 | -195,805,000 | -643,916,000 | -214,173,000 | -213,457,000 | -161,752,000 | -168,904,000 | -105,998,000 | -15,082,000 | -30,164,000 | -62,380,000 | -38,306,000 | -36,256,000 | -212,552,000 | -99,377,000 | -88,858,000 | -162,031,000 | -76,122,000 | -534,145,000 | -46,389,000 | -33,515,000 | -39,136,000 | -323,277,000 | -327,948,000 | -200,478,000 | -234,820,000 | -86,493,000 | -22,512,000 | -163,810,000 | -77,082,000 | -175,303,000 | -14,634,000 | -55,327,000 | -218,194,000 | ||||||||||||||||||||||||||||||||||||||
repurchase of common stock, net of offering costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -12,454,000 | 5,640,000 | -20,255,000 | 26,158,000 | -49,697,000 | 2,471,000 | -47,293,000 | -2,500,000 | -3,528,000 | 11,071,000 | 8,816,000 | -25,862,000 | 15,042,000 | -31,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 3,137,000 | 703,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on life storage unsecured senior notes | 11,313,000 | 11,157,000 | 11,005,000 | 10,853,000 | 10,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance and repurchase of notes receivable | -182,079,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash item - amortization of premium portion of dec 2024 300m bond add-on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for business combination | -1,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate assets and investments in real estate ventures | 120,513,000 | 0 | 1,086,000 | 0 | 0 | 376,487,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments received from notes receivable | -13,008,000 | 106,516,000 | 35,632,000 | 11,823,000 | 68,678,000 | 27,048,000 | 24,638,000 | 21,828,000 | 18,862,000 | 41,001,000 | 27,970,000 | 195,803,000 | 14,589,000 | 16,448,000 | 6,650,000 | 0 | 0 | 16,054,000 | 9,172,000 | 0 | 0 | 0 | 44,869,000 | 1,392,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interests | 14,000 | -2,000 | 0 | 27,000 | 96,000 | 0 | 2,000 | 0 | 120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -15,124,000 | -15,876,000 | -15,946,000 | -16,231,000 | -16,646,000 | -14,960,000 | -13,965,000 | -14,078,000 | -15,161,000 | -14,395,000 | -14,127,000 | -14,110,000 | -10,510,000 | -10,585,000 | -8,974,000 | -9,025,000 | -8,354,000 | -8,371,000 | -8,385,000 | -8,505,000 | -8,508,000 | -8,618,000 | -8,705,000 | -8,412,000 | -8,413,000 | -8,460,000 | -8,468,000 | -7,909,000 | -7,831,000 | -7,816,000 | -7,882,000 | -8,443,000 | -8,344,000 | -8,353,000 | -7,854,000 | -6,446,000 | -6,429,000 | -6,501,000 | -6,577,000 | -4,996,000 | -4,878,000 | |||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 48,978,000 | -118,038,000 | 3,381,000 | -5,087,000 | -65,214,000 | 47,435,000 | 27,197,000 | 6,107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of op and preferred op units in conjunction with business combination | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred op units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
op units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of equity issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buyback of bridge loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate assets held for sale | 8,961,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance and purchase of notes receivable | -170,434,000 | -411,263,000 | -158,005,000 | -119,787,000 | -86,609,000 | -65,725,000 | -58,378,000 | -214,703,000 | -109,612,000 | -70,522,000 | -134,408,000 | -174,212,000 | -74,747,000 | -42,751,000 | -25,772,000 | -163,605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from unsecured term loans and senior notes and revolving lines of credit | 2,278,892,000 | 1,584,000,000 | 1,679,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on unsecured term loans and senior notes and revolving lines of credit | -2,655,514,000 | -1,260,191,000 | -2,147,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred a units for cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
op unit redemption - cash proceeds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from share issuances and redemption of stock options for cash | -226,000 | 592,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions | 0 | 0 | -76,877,000 | 0 | 0 | -63,883,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock, net of offering costs | -169,000 | -151,000 | -211,000 | 273,720,000 | -25,000 | 100,056,000 | 56,451,000 | 1,000 | 50,054,000 | -205,000 | 73,574,000 | -32,000 | 30,266,000 | -6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from principal payments on note receivable collateralized by op units | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from exercise of stock options | 0 | 318,000 | 0 | 4,254,000 | 1,889,000 | 1,200,000 | 726,000 | 944,000 | 233,000 | 603,000 | 470,000 | 1,757,000 | -1,000 | 0 | 371,000 | 799,000 | 0 | 1,132,000 | -1,000 | 300,000 | 13,000 | 118,000 | 322,000 | 132,000 | 970,000 | 378,000 | 166,000 | 1,495,000 | 1,056,000 | 324,000 | 3,917,000 | 1,635,000 | 2,793,000 | 3,694,000 | 2,444,000 | 1,609,000 | 1,947,000 | 8,558,000 | 1,396,000 | 3,218,000 | 487,000 | 1,045,000 | 238,000 | 634,000 | 306,000 | 301,000 | 732,000 | -19,000 | ||||||||||||||||||||||||||||||
distributions to minority investors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred operating partnership units for common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred operating partnership units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
establishment of finance lease assets and lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to fair value of life storage public bonds and amortization of discount on equity portion of exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation expense related to stock-based awards | 6,994,000 | 6,940,000 | 5,499,000 | 5,955,000 | 5,644,000 | 5,245,000 | 4,542,000 | 4,656,000 | 4,012,000 | 4,983,000 | 3,652,000 | 4,965,000 | 3,452,000 | 4,884,000 | 2,980,000 | 3,064,000 | 3,035,000 | 3,998,000 | 2,954,000 | 2,721,000 | 2,613,000 | 3,116,000 | 2,726,000 | 2,317,000 | 2,289,000 | 2,965,000 | 1,990,000 | 2,037,000 | 1,915,000 | 2,383,000 | 1,710,000 | 1,670,000 | 1,590,000 | 1,653,000 | 1,142,000 | 1,129,000 | 1,056,000 | 1,678,000 | 1,121,000 | 1,069,000 | 1,562,000 | 1,023,000 | 997,000 | 1,364,000 | 957,000 | 1,184,000 | 1,585,000 | 1,126,000 | 1,055,000 | 1,483,000 | 919,000 | 792,000 | 1,261,000 | 899,000 | ||||||||||||||||||||||||
proceeds from notes payable and revolving lines of credit | 2,715,073,000 | 1,098,000,000 | 1,381,592,000 | 1,204,146,000 | 2,035,208,000 | 1,058,828,000 | 889,829,000 | 1,343,632,000 | 951,000,000 | 625,000,000 | 1,747,000,000 | 1,862,000,000 | 825,000,000 | 326,000,000 | 268,000,000 | 706,000,000 | 751,000,000 | 333,000,000 | 424,000,000 | 439,644,000 | 328,000,000 | 483,386,000 | 162,000,000 | 302,453,000 | 370,724,000 | 483,446,000 | 169,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable and revolving lines of credit | -1,371,377,000 | -1,367,329,000 | -1,879,049,000 | -865,819,000 | -1,426,350,000 | -684,607,000 | -1,230,924,000 | -973,741,000 | -1,333,524,000 | -999,616,000 | -2,193,409,000 | -821,980,000 | -626,061,000 | -374,181,000 | -192,508,000 | -474,119,000 | -979,316,000 | -299,350,000 | -225,020,000 | -321,915,000 | -300,923,000 | -318,812,000 | -168,204,000 | -68,535,000 | -333,701,000 | -498,527,000 | -187,916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units held by noncontrolling interests | -1,113,000 | 0 | -832,000 | -2,672,000 | -316,000 | 0 | 0 | 0 | 0 | 0 | -2,558,000 | 0 | 0 | -756,000 | -1,754,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred b units for cash | 0 | 0 | -1,125,000 | -3,375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred units for cash | 0 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | 0 | 1,233,000 | 1,233,000 | 1,209,000 | 1,209,000 | 1,186,000 | 1,185,000 | 1,162,000 | 1,162,000 | 1,140,000 | 1,176,000 | 1,209,000 | 1,276,000 | 1,268,000 | 1,290,000 | 1,269,000 | 1,264,000 | 1,243,000 | 1,240,000 | 1,233,000 | 1,112,000 | 805,000 | 696,000 | 697,000 | 679,000 | 679,000 | 663,000 | 662,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investment in debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of exchangeable senior notes | 0 | -21,801,000 | -5,000 | -58,464,000 | -190,000 | -3,000 | 0 | -2,553,000 | -19,639,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partner's interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated real estate ventures in excess of earnings | 3,176,000 | 3,409,000 | 2,795,000 | 2,395,000 | 1,614,000 | 1,163,000 | 1,863,000 | 1,796,000 | 843,000 | 1,715,000 | 2,539,000 | 1,606,000 | 1,418,000 | 1,602,000 | 1,732,000 | 1,632,000 | 1,620,000 | 2,114,000 | 1,501,000 | 1,069,000 | 1,133,000 | 1,242,000 | 1,123,000 | 463,000 | 1,135,000 | 938,000 | 998,000 | 511,000 | 561,000 | 858,000 | 2,601,000 | 521,000 | 562,000 | 2,403,000 | 1,024,000 | 1,614,000 | 770,000 | 1,154,000 | ||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable to trusts | 0 | 0 | 0 | -30,928,000 | -67,012,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from principal payments on notes receivable collateralized by op units and preferred op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution of preferred op units to unconsolidated real estate venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of preferred operating partnership units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred op units for additional investment in unconsolidated real estate venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of operating partnership and preferred operating partnership units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from principal payments on note receivable collateralized by preferred op units | 7,987,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
establishment of operating lease right of use assets and lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value of operating partnership units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions and impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate assets, investments in real estate ventures and other assets | 0 | 569,000 | 51,136,000 | 0 | 753,000 | 293,600,000 | 18,464,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of premium on notes payable | -44,000 | -132,000 | -342,000 | -354,000 | -363,000 | -364,000 | -935,000 | -747,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets and purchase of joint venture partners' interests | -4,767,000 | -37,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions, earnout on prior acquisitions and impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from termination of interest rate cap | 0 | 0 | 0 | 1,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of earnout from prior acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash end of the period | 6,107,000 | -2,523,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax effect from vesting of restricted stock grants and option exercises | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of real estate from investments in unconsolidated real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposition of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating partnership units redeemed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating partnership units issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate transactions and impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions, earnout from prior acquisition and impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties and affiliated real estate joint ventures | 1,771,000 | 58,000 | 1,575,000 | -1,438,000 | 444,000 | -797,000 | 4,598,000 | -2,878,000 | 811,000 | -945,000 | 1,065,000 | -2,367,000 | 505,000 | -4,670,000 | 5,046,000 | -561,000 | 3,102,000 | 844,000 | 549,000 | 2,415,000 | 352,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of smartstop, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | -13,084,000 | -513,000 | -4,533,000 | 1,653,000 | 2,558,000 | -1,210,000 | 16,771,000 | -1,265,000 | 204,666,000 | -203,205,000 | 9,926,000 | -10,105,000 | 960,000 | -5,554,000 | -625,000 | 1,425,000 | 1,495,000 | 806,000 | -737,000 | 6,246,000 | 3,811,000 | 236,000 | -1,114,000 | 1,615,000 | -486,000 | -1,080,000 | -6,322,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
purchase/issuance of notes receivable | -7,899,000 | -7,874,000 | 0 | -10,656,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the issuance of 2015 exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of interest rate cap | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -8,049,000 | -1,039,733,000 | 939,639,000 | -1,553,000 | -125,233,000 | 171,357,000 | 4,790,000 | -141,894,000 | 147,927,000 | 11,091,000 | -30,559,000 | -73,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the period | 0 | 0 | 0 | 43,858,000 | 0 | 0 | 0 | 75,799,000 | 0 | 0 | 0 | 47,663,000 | 0 | 0 | 0 | 126,723,000 | 0 | 0 | 30,785,000 | 0 | 0 | 26,484,000 | 0 | 0 | 46,750,000 | 0 | 0 | 131,950,000 | 0 | 0 | 63,972,000 | 0 | 0 | 17,377,000 | 0 | 0 | 70,801,000 | 0 | 0 | 28,653,000 | 0 | 0 | 24,329,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the period | -8,049,000 | 32,084,000 | 2,337,000 | 29,311,000 | 25,166,000 | -22,366,000 | -8,695,000 | 49,753,000 | -1,039,733,000 | 939,639,000 | 130,589,000 | 45,304,000 | -1,553,000 | -4,729,000 | 6,930,000 | 47,015,000 | -125,233,000 | 171,357,000 | 35,575,000 | -141,894,000 | 147,927,000 | 37,575,000 | -1,292,000 | -7,368,000 | 42,555,000 | -6,556,000 | -80,386,000 | 108,740,000 | -30,559,000 | 77,073,000 | 54,478,000 | -73,761,000 | 164,827,000 | 21,010,000 | -3,960,000 | 10,679,000 | 35,111,000 | 147,436,000 | -6,811,000 | 11,061,000 | -87,949,000 | 82,756,000 | 12,286,000 | |||||||||||||||||||||||||||||||||||
gain on sale of real estate assets and purchase of joint venture partner's interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate transactions, earnout from prior acquisition and impairment of real estate | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on purchase of joint venture partner's interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 2,337,000 | -14,547,000 | -22,366,000 | -8,695,000 | -26,046,000 | -2,359,000 | -12,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units held by noncontrolling interests for common stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on earnout from prior acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions, earnout from prior acquisition and sale of other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property casualty loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on real estate transactions and earnout from prior acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from the issuance of exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable and lines of credit | 534,095,000 | 296,904,000 | 195,976,000 | 403,049,000 | 826,613,000 | 601,372,000 | 290,768,000 | 411,707,000 | 84,000,000 | 130,800,000 | 291,157,000 | 96,895,000 | 186,184,000 | 81,776,000 | 314,174,000 | 119,511,000 | 206,970,000 | 105,556,000 | 155,828,000 | 108,858,000 | 27,031,000 | 96,651,000 | 7,442,000 | 105,333,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable and lines of credit | -342,618,000 | -190,064,000 | -32,859,000 | -297,506,000 | -42,408,000 | -744,778,000 | -228,878,000 | -220,841,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets and purchase of joint venture partners’ interests | -26,923,000 | 0 | 0 | 0 | -2,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate transactions and earnout from prior acquisition | -1,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on real estate transactions and earnout from prior acquisitions | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt related to portfolio acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate assets | -1,749,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
paid-in capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable assumed and immediately defeased | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of 2013 exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on earnout related to prior acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on earnout related to prior acquisition | 0 | -5,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest benefit related to amortization of premium on notes payable | -729,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on purchase of joint venture partners’ interests | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units held by noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable issued to seller | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, development and redevelopment of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense related to amortization of discount on exchangeable senior notes | 834,000 | 0 | 0 | 444,000 | 440,000 | 440,000 | 428,000 | 416,000 | 416,000 | 404,000 | 430,000 | 563,000 | 841,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of exchangeable senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable and lines of credit, including defeasance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on purchase of joint venture partners’ interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of investment in real estate ventures | 0 | 356,000 | 1,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on purchase of joint venture partner’s interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from real estate ventures in excess of earnings | 1,456,000 | -403,000 | 589,000 | -504,000 | 3,856,000 | 1,313,000 | 1,735,000 | 1,744,000 | 1,351,000 | 1,529,000 | 1,596,000 | 1,540,000 | 1,601,000 | 1,176,000 | 1,224,000 | 681,000 | 2,136,000 | 1,143,000 | 977,000 | 1,303,000 | 217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development and construction of real estate assets | -1,806,000 | -1,067,000 | -22,046,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate ventures | -1,714,000 | -8,000 | -82,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash reduction in interest expense related to amortization of premium on note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sublease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of properties to joint venture | 0 | 0 | 15,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of affiliated joint venture note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock, net of transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments from noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests in operating partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on repurchase of exchangeable senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash unrecovered development and acquisition costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
severance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments from other noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrecovered development and acquisition costs | 22,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investments available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
severance costs associated with wind-down of development program | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of investments available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares | 0 | -427,000 | -28,000 | 264,475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid, net of amounts capitalized | 14,254,000 | 16,667,000 | 15,085,000 | 12,018,000 | 12,209,000 | 10,964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership units held by noncontrolling interests for common stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties | -2,724,000 | -2,355,000 | 9,914,000 | -8,816,000 | 4,729,000 | 4,797,000 | 7,093,000 | -1,010,000 | 247,000 | -2,934,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable and line of credit | 150,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on notes payable and line of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustment of obligation associated with preferred operating partnership units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investments available for sale | 1,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock compensation expense | 820,000 | 1,184,000 | 800,000 | 736,000 | 439,000 | 436,000 | 348,000 | 361,000 | 630,000 | 386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to minority interests | 619,000 | 500,000 | 371,000 | 756,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from sale of (purchases of) investments available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exchangeable senior notes | 0 | 0 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable, notes payable to trusts and line of credit | 679,000 | 2,202,000 | 1,182,000 | 3,955,000 | 693,000 | 45,454,000 | 36,540,000 | 31,524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to preferred operating partnership unit holder | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest investments | 0 | 8,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to operating partnership units held by minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from (purchases of) investments available for sale | 0 | 21,812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to preferred op unit holder | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 3,441,000 | -338,000 | -1,825,000 | 1,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 24,199,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | 3,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from operations of real estate ventures in excess of earnings | 1,122,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net purchases of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments received on notes receivable | 1,688,000 | 5,000 | -246,000 | 364,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain allocated to minority interests | 400,000 | 400,000 | 306,000 | 225,000 | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest on notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to operating partnership units held by minority interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of discount on putable preferred interests in consolidated joint ventures | 1,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest—fidelity preferred return | 3,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member units granted to employees | 1,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in trust preferred securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of storage usa | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash resulting from de-consolidation of real estate assets and distribution of equity ownership in extra space development and other properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from centershift and extra space development | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on other liabilities | -16,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments to related parties and putable preferred interests in consolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member contributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return paid on class b, c and e member units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of units | -19,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest distributions | -30,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest redemption by fidelity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred return paid to fidelity | -7,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payables to related parties | -4,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in operating partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member units issued in exchange for receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member units issued to repay notes and related party payables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of units in exchange for note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment to establish minority interest in operating partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of units in exchange for land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock grants to employees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of operating partnership units held by minority interests for common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 36,000 | 91,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable, notes payable to trust and line of credit | 30,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -2,859,000 | -1,220,000 | -640,000 | -18,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest - fidelity preferred return | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss allocated to minority interests | -2,377,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from cumulative earnings from real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest accrued on notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash due to changes in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to centershift and extra space development | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from line of credit and notes payable | 528,863,000 | 69,469,000 | 53,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on line of credit and notes payable | -40,534,000 | -2,765,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of operating partnership units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to operating partnership unit holders | -621,000 | -621,000 | -304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to other minority interests | -110,000 | -56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of cumulative earnings from real estate ventures | 62,000 | 69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equipment | -286,000 | -197,000 | -1,375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest investment (redemption) by fidelity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest on advances to centershift | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from (advances to) centershift and extra space development | 3,562,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net advances from (payments to) related parties and putable preferred interests in consolidated joint ventures | -29,590,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash resulting from de-consolidation of real estate assets | 449,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 376,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings | -305,931,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member units issued in exchange for cash | 19,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return paid on member units | -7,180,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of fidelity minority interest | -15,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash | 20,260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, beginning of period | 11,746,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, end of period | 32,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss allocated to minority interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of real estate ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return paid on class c and class e units |