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Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Redemption of units for cash
Redemption of units for stock
Series A Units
Redemption of units for stock and cash
Series B Units
Redemption of units for cash
Series B Units
Redemption of units for stock
Series D Units
Series D Units
Redemption of units for cash
Series D Units
Redemption of units for stock
Preferred Operating Partnership
Preferred Operating Partnership
Series A Units
Redemption of units for stock and cash
Preferred Operating Partnership
Series B Units
Redemption of units for cash
Preferred Operating Partnership
Series B Units
Redemption of units for stock
Preferred Operating Partnership
Series D Units
Preferred Operating Partnership
Series D Units
Redemption of units for cash
Preferred Operating Partnership
Series D Units
Redemption of units for stock
Operating Partnership
Operating Partnership
Redemption of units for cash
Operating Partnership
Redemption of units for stock
Other
Common stock
Common stock
Redemption of units for stock
Common stock
Series A Units
Redemption of units for stock and cash
Common stock
Series B Units
Redemption of units for stock
Common stock
Series D Units
Redemption of units for stock
Additional Paid-in Capital
Additional Paid-in Capital
Redemption of units for cash
Additional Paid-in Capital
Redemption of units for stock
Additional Paid-in Capital
Series A Units
Redemption of units for stock and cash
Additional Paid-in Capital
Series B Units
Redemption of units for stock
Additional Paid-in Capital
Series D Units
Redemption of units for stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance at Dec. 31, 2020 $ 2,936,124                 $ 172,052             $ 215,892     $ 401 $ 1,314         $ 3,000,458           $ (99,093) $ (354,900)
Beginning balance (in shares) at Dec. 31, 2020                                         131,357,961                        
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock upon the exercise of options $ 4,572                                                 4,572              
Issuance of common stock upon the exercise of options (in shares) 62,322                                       62,322                        
Issuance of common stock in connection with share based compensation $ 17,303                                                 17,303              
Issuance of common stock in connection with share based compensation (in shares)                                         148,228                        
Restricted stock grants cancelled (in shares)                                         (12,808)                        
Issuance of common stock, net of offering costs (in shares)                                         2,185,685                        
Issuance of common stock, net of offering costs 273,189                                       $ 22         273,167              
Redemption of noncontrolling interests   $ (788) $ 0     $ 0             $ (2,834)         $ (173) $ (6,373)     $ 2   $ 1     $ (615) $ 6,371   $ 2,833      
Redemption of noncontrolling interests (in shares)                                           165,652   15,265                  
Repayment of receivable with Operating Partnership units pledged as collateral 411                               411                                
Issuance of Operating Partnership units in conjunction with acquisitions 188,319           $ 88,074             $ 88,074     188,319                                
Purchase of remaining equity interest in existing consolidated joint venture (18,141)                                                 (18,141)              
Noncontrolling interest in consolidated joint ventures (82)                                     (82)                          
Net income (loss) 877,758                 14,697             35,414     (2)                         827,649
Other comprehensive income (loss) 59,325                 366             2,412                             56,547  
Distributions to Operating Partnership units held by noncontrolling interests (39,094)                 (13,245)             (25,849)                                
Dividends paid on common stock (600,994)                                                               (600,994)
Ending balance at Dec. 31, 2021 $ 3,785,976                 259,110             410,053     317 $ 1,339         3,285,948           (42,546) (128,245)
Ending balance (in shares) at Dec. 31, 2021                                         133,922,305                        
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock upon the exercise of options (in shares) 0                                                                
Issuance of common stock in connection with share based compensation $ 21,388                                       $ 2         21,386              
Issuance of common stock in connection with share based compensation (in shares)                                         204,349                        
Issuance of Preferred D units in the Operating Partnership in conjunction with business combination             $ 6,000             $ 6,000                                      
Issuance of common stock in conjunction with acquisition (in shares)                                         186,766                        
Issuance of common stock in conjunction with acquisitions 40,963                                       $ 2         40,961              
Restricted stock grants cancelled (in shares)                                         (10,614)                        
Issuance of Operating Partnership units in conjunction with business combination 16,000                               16,000                                
Redemption of noncontrolling interests   (4,617)     $ (4,500)             $ (4,500)           (1,654)                 (2,963)            
Issuance of Operating Partnership units in conjunction with acquisitions 125,000                               125,000                                
Repurchase of common stock, net of offering costs (63,008)                                       $ (4)                       (63,004)
Repurchase of common stock, net of offering costs (in shares)                                         (381,786)                        
Noncontrolling interest in consolidated joint ventures 771                                     771                          
Net income (loss) 921,156                 17,623             42,853     (8)                         860,688
Other comprehensive income (loss) 96,249                 577             4,328                             91,344  
Distributions to Operating Partnership units held by noncontrolling interests (57,793)                 (17,308)             (40,485)                                
Dividends paid on common stock (805,311)                                                               (805,311)
Ending balance at Dec. 31, 2022 $ 4,078,274                 261,502             556,095     1,080 $ 1,339         3,345,332           48,798 (135,872)
Ending balance (in shares) at Dec. 31, 2022 133,921,020                                       133,921,020                        
Increase (Decrease) in Stockholders' Equity                                                                  
Issuance of common stock upon the exercise of options (in shares) 0                                                                
Issuance of common stock in connection with share based compensation $ 26,638                                       $ 2         26,636              
Issuance of common stock in connection with share based compensation (in shares)                                         149,995                        
Taxes paid upon net settlement of share based compensation $ (7,640)                                                 (7,640)              
Taxes paid upon net settlement of share based compensation (in shares)                                         (8,295)                        
Restricted stock grants cancelled (in shares)                                         (10,084)                        
Redemption of noncontrolling interests   $ (108) $ 0 $ (5,316)       $ (377) $ 0   $ (16,339)       $ (377) $ (22,265)   $ (89) $ (225)       $ 8   $ 2   $ (19) $ 225 $ 11,015   $ 22,263    
Redemption of noncontrolling interests (in shares)                                           2,803 851,698   154,307                
Repurchase of common stock, net of offering costs (in shares) 0                                                                
Life Storage Merger issuance of common stock and Operating Partnership units $ 11,602,808                               249,470       $ 762         11,352,576              
Life Storage Merger issuance of common stock and Operating Partnership Units (in shares)                                         76,217,359                        
Noncontrolling interest in consolidated joint ventures 7,959                                     7,959                          
Net income (loss) 850,453                 9,011             38,369     (125)                         803,198
Other comprehensive income (loss) (32,752)                               (1,389)                             (31,363)  
Distributions to Operating Partnership units held by noncontrolling interests (59,649)                 (9,172)             (50,477)                                
Dividends paid on common stock (1,046,341)                                                               (1,046,341)
Ending balance at Dec. 31, 2023 $ 15,413,949                 $ 222,360             $ 791,754     $ 8,914 $ 2,113         $ 14,750,388           $ 17,435 $ (379,015)
Ending balance (in shares) at Dec. 31, 2023 211,278,803                                       211,278,803