v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real estate    
Self storage properties $ 5,864,134 $ 5,792,174
Less accumulated depreciation (1,051,638) (874,359)
Self storage properties, net 4,812,496 4,917,815
Cash and cash equivalents 50,408 64,980
Restricted cash 345 22,713
Debt issuance costs, net 5,632 8,442
Investment in unconsolidated real estate ventures 246,193 211,361
Other assets, net 218,482 134,002
Assets held for sale, net 0 550,199
Operating lease right-of-use assets 20,906 22,299
Total assets 5,354,462 5,931,811
Liabilities    
Debt financing 3,449,087 3,658,205
Accounts payable and accrued liabilities 98,657 92,766
Interest rate swap liabilities 471 3,450
Operating lease liabilities 22,888 24,195
Deferred revenue 20,012 27,354
Total liabilities 3,591,115 3,805,970
Commitments and contingencies (Note 12)
Equity    
Preferred Stock, Value, Outstanding 340,895 340,651
Common shares of beneficial interest, par value $0.01 per share. 250,000,000 authorized, 76,344,661 and 82,285,995 shares issued and outstanding at December 31, 2024 and 2023, respectively 763 823
Additional paid-in capital 1,249,426 1,509,563
Distributions in excess of earnings (530,652) (449,907)
Accumulated other comprehensive income 15,548 21,058
Total shareholders' equity 1,075,980 1,422,188
Noncontrolling interests 687,367 703,653
Total equity 1,763,347 2,125,841
Total liabilities and equity $ 5,354,462 $ 5,931,811

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