Investment in Joint Ventures - Summary of Unconsolidated Joint Ventures' Financial Statements (Detail) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Mar. 31, 2020 |
Dec. 31, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
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Schedule of Equity Method Investments [Line Items] | ||||||||
Investment in storage facilities, net | $ 4,087,667 | $ 4,087,667 | $ 3,993,140 | |||||
Other assets | 27,697 | 27,697 | 29,591 | |||||
Total Assets | 4,311,264 | 4,311,264 | 4,232,964 | |||||
Mortgages payable | 34,519 | 34,519 | 34,851 | |||||
Total Liabilities | 2,155,615 | 2,155,615 | 2,073,763 | |||||
Unaffiliated partners’ equity | 0 | 0 | 0 | |||||
Company equity | 2,132,681 | $ 2,041,920 | 2,132,681 | $ 2,041,920 | $ 2,147,719 | 2,132,894 | $ 2,046,891 | $ 2,057,737 |
Total Equity | 2,132,681 | 2,132,681 | 2,132,894 | |||||
Total Liabilities and Shareholders' Equity/ Partners' Capital | 4,311,264 | 4,311,264 | $ 4,232,964 | |||||
Total revenues | 147,013 | 145,028 | 293,956 | 281,552 | ||||
Depreciation and amortization of customer list | (28,987) | (26,158) | (57,317) | (52,387) | ||||
Amortization of financing fees | (2,025) | (1,846) | ||||||
Interest expense | (20,266) | (18,759) | (40,513) | (36,578) | ||||
Net income | 36,648 | $ 40,964 | 73,273 | $ 75,600 | ||||
Unconsolidated Joint Ventures [Member] | ||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Investment in storage facilities, net | 1,235,973 | 1,235,973 | ||||||
Investment in office building, net | 4,246 | 4,246 | ||||||
Other assets | 27,432 | 27,432 | ||||||
Total Assets | 1,267,651 | 1,267,651 | ||||||
Due to the Company | 796 | 796 | ||||||
Mortgages payable | 544,321 | 544,321 | ||||||
Other liabilities | 23,068 | 23,068 | ||||||
Total Liabilities | 568,185 | 568,185 | ||||||
Unaffiliated partners’ equity | 552,062 | 552,062 | ||||||
Company equity | 147,404 | 147,404 | ||||||
Total Equity | 699,466 | 699,466 | ||||||
Total Liabilities and Shareholders' Equity/ Partners' Capital | $ 1,267,651 | 1,267,651 | ||||||
Total revenues | 66,337 | |||||||
Property operating expenses | (20,367) | |||||||
Administrative, management and call center fees | (5,112) | |||||||
Gain on disposal of self-storage facilities | 33,038 | |||||||
Depreciation and amortization of customer list | (15,706) | |||||||
Amortization of financing fees | (402) | |||||||
Income tax expense | (162) | |||||||
Interest expense | (12,055) | |||||||
Net income | $ 45,571 |
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- Definition General administrative expense and management fees. No definition available.
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- Definition Property operating expenses. No definition available.
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- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of obligations due all related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of an equity method investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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