v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate    
Self storage properties $ 5,797,653 $ 5,792,174
Less accumulated depreciation (919,723) (874,359)
Self storage properties, net 4,877,930 4,917,815
Cash and cash equivalents 64,233 64,980
Restricted cash 24,847 22,713
Debt issuance costs, net 7,731 8,442
Investment in unconsolidated real estate ventures 240,025 211,361
Other assets, net 130,015 134,002
Assets held for sale, net 0 550,199
Operating lease right-of-use assets 22,084 22,299
Total assets 5,366,865 5,931,811
Liabilities    
Debt financing 3,285,547 3,658,205
Accounts payable and accrued liabilities 87,875 92,766
Interest rate swap liabilities 0 3,450
Operating lease liabilities 24,009 24,195
Deferred revenue 22,362 27,354
Total liabilities 3,419,793 3,805,970
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest, par value $0.01 per share. 250,000,000 authorized, 76,873,100 and 82,285,995 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 769 823
Additional paid-in capital 1,347,512 1,509,563
Distributions in excess of earnings (439,741) (449,907)
Accumulated other comprehensive income 27,836 21,058
Total shareholders' equity 1,277,027 1,422,188
Noncontrolling interests 670,045 703,653
Total equity 1,947,072 2,125,841
Total liabilities and equity 5,366,865 5,931,811
Series A Preferred Shares    
Equity    
Series A and B Preferred shares of beneficial interest, shares authorized, issued and outstanding at liquidation preference 225,439 225,439
Series B Preferred Shares    
Equity    
Series A and B Preferred shares of beneficial interest, shares authorized, issued and outstanding at liquidation preference $ 115,212 $ 115,212

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