| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Property rental | $2.90B+3.3% | $2.80B+26.1% | $2.22B+34.3% | $1.65B+23.4% | $1.34B+15.9% | $1.16B+2.4% | $1.13B+8.7% | $1.04B | — |
| Tenant reinsurance | $68.9M-6.8% | $73.9M+25.5% | $58.9M+75.4% | $33.6M+13.8% | $29.5M+11.3% | $26.5M-9.8% | $29.4M+14.3% | $25.7M+34.1% | $19.2M |
| Management fees and other income | $129.5M+7.1% | $120.9M+18.5% | $102.0M+21.6% | $83.9M+26.6% | $66.3M+27.1% | $52.1M+4.5% | $49.9M+19.5% | $41.8M+6.0% | $39.4M |
| Total revenues | $3.38B+3.7% | $3.26B+27.2% | $2.56B+33.1% | $1.92B+22.0% | $1.58B+16.3% | $1.36B+3.6% | $1.31B+9.3% | $1.20B+8.3% | $1.11B |
| Property operations | $918.1M+10.4% | $831.6M+35.9% | $612.0M+40.6% | $435.3M+18.1% | $368.6M+2.2% | $360.6M+7.3% | $336.1M+15.2% | $291.7M+7.3% | $272.0M |
| Life Storage Merger transition costs | $0 | $0-100.0% | $66.7M | $0 | $0 | — | — | — | — |
| General and administrative | $186.3M+11.3% | $167.4M+14.3% | $146.4M+13.3% | $129.3M+26.5% | $102.2M+5.8% | $96.6M+8.0% | $89.4M+10.0% | $81.3M+2.9% | $79.0M |
| Depreciation and amortization | $715.2M-8.7% | $783.0M+54.7% | $506.1M+75.5% | $288.3M+19.2% | $241.9M+7.8% | $224.4M+2.1% | $219.9M+5.2% | $209.1M+8.2% | $193.3M |
| Total expenses | $1.89B+1.8% | $1.86B+33.5% | $1.39B+56.5% | $888.0M+19.7% | $742.2M+4.8% | $708.1M+5.0% | $674.7M+11.0% | $607.7M+7.9% | $563.4M |
| Loss on real estate assets held for sale and sold, net | -$76.3M-194.6% | -$25.9M | $0-100.0% | $14.2M-89.9% | $140.8M | — | — | — | — |
| Impairment of Life Storage trade name | $0+100.0% | -$51.8M | $0 | $0 | — | — | — | — | — |
| Income from operations | $1.41B+6.8% | $1.32B+13.1% | $1.17B+11.4% | $1.05B+7.6% | $976.0M+46.5% | $666.1M+4.9% | $635.0M+2.5% | $619.7M-5.3% | $654.4M |
| Interest expense | -$587.6M-6.6% | -$551.4M-31.6% | -$419.0M-91.2% | -$219.2M-31.9% | -$166.2M+1.4% | -$168.6M+9.6% | -$186.5M-4.5% | -$178.4M-16.2% | -$153.5M |
| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | -$47.5M-8.7% | -$43.7M-132.7% | -$18.8M | $0 | $0+100.0% | -$3.7M+22.5% | -$4.7M-1.2% | -$4.7M+8.2% | -$5.1M |
| Interest income | $163.2M+31.2% | $124.4M+46.6% | $84.9M+22.2% | $69.4M+39.7% | $49.7M+227.2% | $15.2M+103.5% | $7.5M+41.1% | $5.3M-21.4% | $6.7M |
| Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense | $940.8M+10.3% | $852.7M+4.3% | $817.2M-9.3% | $900.7M+4.8% | $859.5M+68.8% | $509.0M | — | $441.9M-12.1% | $502.5M |
| Equity in earnings and dividend income from unconsolidated real estate entities | $68.8M+2.3% | $67.3M+22.7% | $54.8M+32.4% | $41.4M+28.0% | $32.4M+44.7% | $22.4M+98.3% | $11.3M-22.0% | $14.5M-5.7% | $15.3M |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | $54.5M+297.1% | $13.7M | $0 | $0-100.0% | $6.3M | — | $0 | — | — |
| Income tax expense | -$41.6M-24.1% | -$33.5M-55.3% | -$21.6M-3.0% | -$20.9M-3.0% | -$20.3M-47.2% | -$13.8M-22.1% | -$11.3M-22.3% | -$9.2M-155.0% | -$3.6M |
| Net income | $1.02B+13.6% | $900.2M+5.9% | $850.5M-7.7% | $921.2M+4.9% | $877.8M+69.6% | $517.6M+14.7% | $451.1M+0.9% | $447.1M-13.1% | $514.2M |
| Net income allocated to Preferred Operating Partnership noncontrolling interests | -$2.9M+60.1% | -$7.3M+19.4% | -$9.0M+48.9% | -$17.6M-19.9% | -$14.7M-14.1% | -$12.9M-3.1% | -$12.5M+10.7% | -$14.0M+6.6% | -$15.0M |
| Net income allocated to Operating Partnership and other noncontrolling interests | -$45.6M-19.2% | -$38.3M-0.1% | -$38.2M+10.7% | -$42.8M-21.0% | -$35.4M-54.5% | -$22.9M-22.8% | -$18.7M-4.9% | -$17.8M+12.0% | -$20.2M |
| Net income attributable to common stockholders | $974.0M+14.0% | $854.7M+6.4% | $803.2M-6.7% | $860.7M+4.0% | $827.6M+71.8% | $481.8M+14.7% | $420.0M+1.1% | $415.3M-13.3% | $479.0M |
| Basic (in dollars per share) | $4590.00+13.9% | $4030.00-15.0% | $4740.00-26.1% | $6410.00+3.4% | $6200.00+167015.9% | $3.71+13.5% | $3.27-0.6% | $3.29-13.2% | $3.79 |
| Diluted (in dollars per share) | $4590.00+13.9% | $4030.00-15.0% | $4740.00-26.1% | $6410.00+3.6% | $6190.00+166746.4% | $3.71+14.5% | $3.24-0.9% | $3.27-13.0% | $3.76 |
| Basic (in shares) | 211.85B+0.1% | 211.58B+25.0% | 169.22B+26.2% | 134.05B+0.5% | 133.37B+3.0% | 129.54B+1.0% | 128.20B+1.7% | 126.09B+0.1% | 125.97B |
| Diluted (in shares) | 211.85B+0.1% | 211.58B+25.0% | 169.22B+19.4% | 141.68B+1.2% | 140.02B+8.0% | 129.58B-5.0% | 136.43B+2.5% | 133.16B-0.7% | 134.16B |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.