2012 Q4 Form 10-K Financial Statement

#000104746914001686 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $113.7M $109.8M $94.95M
YoY Change 21.94% 30.55% 21.67%
Cost Of Revenue $34.50M $30.12M $26.01M
YoY Change 29.21% 24.08% 14.53%
Gross Profit $79.10M $79.68M $68.94M
YoY Change 18.95% 33.18% 24.6%
Gross Profit Margin 69.59% 72.57% 72.6%
Selling, General & Admin $12.70M $12.60M $12.50M
YoY Change -4.51% 2.44% 0.81%
% of Gross Profit 16.06% 15.81% 18.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.60M $19.77M $16.63M
YoY Change 35.0% 37.62% 17.98%
% of Gross Profit 27.31% 24.81% 24.12%
Operating Expenses $34.30M $32.30M $29.20M
YoY Change 17.47% 20.97% 10.19%
Operating Profit $43.11M $43.48M $37.88M
YoY Change 25.4% 39.3% 46.51%
Interest Expense -$3.100M $18.42M $15.85M
YoY Change -79.87% 9.95% -2.5%
% of Operating Profit -7.19% 42.37% 41.86%
Other Income/Expense, Net
YoY Change
Pretax Income $40.00M $26.74M $23.68M
YoY Change 110.53% 73.41% 124.42%
Income Tax $1.200M $1.656M $1.634M
% Of Pretax Income 3.0% 6.19% 6.9%
Net Earnings $36.08M $38.61M $22.41M
YoY Change 95.92% 122.49% 79.06%
Net Earnings / Revenue 31.74% 35.16% 23.6%
Basic Earnings Per Share $0.33 $0.37 $0.22
Diluted Earnings Per Share $0.33 $0.37 $0.22
COMMON SHARES
Basic Shares Outstanding 104.3M shares 104.3M shares 102.1M shares
Diluted Shares Outstanding 108.8M shares 106.7M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.80M $43.60M $185.5M
YoY Change 16.23% 28.61% 426.99%
Cash & Equivalents $30.79M $43.61M $185.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.10M $10.90M $16.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.90M $54.50M $201.5M
YoY Change -6.89% -42.69% 361.1%
LONG-TERM ASSETS
Property, Plant & Equipment $2.992B $2.742B $2.278B
YoY Change 32.15% 33.09% 11.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $106.3M $121.3M $125.7M
YoY Change -18.48% -9.61% -8.91%
Other Assets $17.00M $23.40M $37.20M
YoY Change -34.11% -23.03% 13.76%
Total Long-Term Assets $3.182B $2.958B $2.507B
YoY Change 28.68% 29.81% 10.57%
TOTAL ASSETS
Total Short-Term Assets $41.90M $54.50M $201.5M
Total Long-Term Assets $3.182B $2.958B $2.507B
Total Assets $3.223B $3.013B $2.708B
YoY Change 28.04% 26.9% 17.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.30M $49.60M $47.10M
YoY Change 12.72% 24.31% 44.04%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.30M $49.60M $47.10M
YoY Change 12.72% 24.31% 44.04%
LONG-TERM LIABILITIES
Long-Term Debt $1.578B $1.590B $1.312B
YoY Change 15.69% 28.01% 10.23%
Other Long-Term Liabilities $48.20M $43.00M $38.60M
YoY Change 42.6% 43.33% 33.1%
Total Long-Term Liabilities $1.626B $1.633B $1.351B
YoY Change 16.34% 28.37% 10.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.30M $49.60M $47.10M
Total Long-Term Liabilities $1.626B $1.633B $1.351B
Total Liabilities $1.678B $1.683B $1.398B
YoY Change 16.23% 23.12% 6.97%
SHAREHOLDERS EQUITY
Retained Earnings -$235.1M -$243.5M -$261.3M
YoY Change -10.99%
Common Stock $1.741B $1.533B $1.528B
YoY Change 34.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.492B $1.275B $1.256B
YoY Change
Total Liabilities & Shareholders Equity $3.223B $3.013B $2.708B
YoY Change 28.04% 26.9% 17.2%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $36.08M $38.61M $22.41M
YoY Change 95.92% 122.49% 79.06%
Depreciation, Depletion And Amortization $21.60M $19.77M $16.63M
YoY Change 35.0% 37.62% 17.98%
Cash From Operating Activities $62.90M $60.40M $51.80M
YoY Change 44.6% 70.14% 47.16%
INVESTING ACTIVITIES
Capital Expenditures -$238.5M -$322.7M -$28.70M
YoY Change 171.64% 1005.14% -65.17%
Acquisitions
YoY Change
Other Investing Activities $6.600M $13.50M -$20.80M
YoY Change 29.41% -130.41% -377.33%
Cash From Investing Activities -$231.8M -$309.2M -$49.50M
YoY Change 180.29% 320.11% -33.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $202.9M $226.7M
YoY Change 101.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 156.2M 106.9M 145.6M
YoY Change 391.19% 190.49% 349.38%
NET CHANGE
Cash From Operating Activities 62.90M 60.40M 51.80M
Cash From Investing Activities -231.8M -309.2M -49.50M
Cash From Financing Activities 156.2M 106.9M 145.6M
Net Change In Cash -12.70M -141.9M 147.9M
YoY Change 71.62% 10815.38% -2126.03%
FREE CASH FLOW
Cash From Operating Activities $62.90M $60.40M $51.80M
Capital Expenditures -$238.5M -$322.7M -$28.70M
Free Cash Flow $301.4M $383.1M $80.50M
YoY Change 129.55% 492.12% -31.55%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 us-gaap Payments Of Financing Costs
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CY2012 us-gaap Payments Of Financing Costs
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Use of Estimates</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> </div>
CY2013 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Reclassifications</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certain amounts in the 2012 and 2011 financial statements and supporting note disclosures have been reclassified to conform to the current year presentation. Such reclassifications did not impact previously reported net income or accumulated deficit.</font></p> </div>
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5 property
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0.90 pure
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0.214 pure
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1474754000 USD
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1845000 USD
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15090000 USD
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3434000 USD
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19783000 USD
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7934000 USD
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19881000 USD
CY2012Q4 exr Investments In Trusts
InvestmentsInTrusts
3590000 USD
CY2012Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
3609000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
96755000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
66603000 USD
CY2013Q4 us-gaap Credit Risk Derivative Liabilities At Fair Value
CreditRiskDerivativeLiabilitiesAtFairValue
3684000 USD
CY2013Q4 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
22 item
CY2013Q4 us-gaap Derivative Lower Fixed Interest Rate Range
DerivativeLowerFixedInterestRateRange
0.0279 pure
CY2013Q4 us-gaap Derivative Higher Fixed Interest Rate Range
DerivativeHigherFixedInterestRateRange
0.0632 pure
CY2013Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
3684000 USD
CY2012Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
15228000 USD
CY2013 exr Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments
InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments
8917000 USD
CY2012 exr Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments
InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments
6758000 USD
CY2011 exr Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments
InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments
3771000 USD
CY2013 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
13718000 USD
CY2013 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-8917000 USD
CY2013Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
280000000 USD
CY2012Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
20752000 USD
CY2012Q4 exr Lease Obligation Liability
LeaseObligationLiability
3826000 USD
CY2012Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
15228000 USD
CY2012Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
7028000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
48248000 USD
CY2013Q4 us-gaap Deferred Revenue Leases Net
DeferredRevenueLeasesNet
24037000 USD
CY2013Q4 exr Lease Obligation Liability
LeaseObligationLiability
2076000 USD
CY2013Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
3684000 USD
CY2013Q4 us-gaap Other Sundry Liabilities
OtherSundryLiabilities
4048000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
37997000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
2352000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
3826000 USD
CY2013Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
671000 USD
CY2013 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.06 pure
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
25706000 USD
CY2011 us-gaap Management Fees Revenue
ManagementFeesRevenue
29924000 USD
CY2011Q4 exr Asset Management Fees Receivable
AssetManagementFeesReceivable
5327000 USD
CY2013Q4 us-gaap Due From Related Parties
DueFromRelatedParties
7542000 USD
CY2012Q4 us-gaap Due From Related Parties
DueFromRelatedParties
11078000 USD
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
115755527 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115755527 shares
CY2013 exr Common Stock Voting Rights Votes Number
CommonStockVotingRightsVotesNumber
1 item
CY2012Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5980000 shares
CY2012Q4 exr Common Stock Offer Price Per Share
CommonStockOfferPricePerShare
33.98
CY2012Q4 exr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
203200000 USD
CY2012Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
300000 USD
CY2012Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
202900000 USD
CY2012Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8050000 shares
CY2012Q2 exr Common Stock Offer Price Per Share
CommonStockOfferPricePerShare
28.22
CY2012Q2 exr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
227171000 USD
CY2012Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
483000 USD
CY2012Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
226688000 USD
CY2011Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
5335423 shares
CY2011Q2 exr Common Stock Offer Price Per Share
CommonStockOfferPricePerShare
21.16
CY2011Q2 exr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
112898000 USD
CY2011Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
549000 USD
CY2011Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
112349000 USD
CY2013 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2013 exr Basis Of Exchange Operating Partnership Units For Common Stock
BasisOfExchangeOperatingPartnershipUnitsForCommonStock
one-for-one basis
CY2013Q4 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
42.05
CY2013Q4 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
182250000 USD
CY2013Q1 exr Number Of Joint Venture Partners In Consolidated Self Storage Property Ownership Interest Acquired
NumberOfJointVenturePartnersInConsolidatedSelfStoragePropertyOwnershipInterestAcquired
1 property
CY2013Q2 exr Number Of Joint Venture Partners In Consolidated Self Storage Property Ownership Interest Acquired
NumberOfJointVenturePartnersInConsolidatedSelfStoragePropertyOwnershipInterestAcquired
1 property
CY2013Q1 exr Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.017 pure
CY2013Q2 exr Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.276 pure
CY2013Q1 exr Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.17 pure
CY2013Q2 exr Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.35 pure
CY2013Q1 exr Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property
PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty
200000 USD
CY2013Q2 exr Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property
PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty
950000 USD
CY2013Q1 exr Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property Prior To Acquisition
MinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStoragePropertyPriorToAcquisition
0.95 pure
CY2013Q1 exr Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
MinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.967 pure
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2390415 shares
CY2013 us-gaap Common Stock Voting Rights
CommonStockVotingRights
All holders of the Company's common stock are entitled to receive dividends and to one vote on all matters submitted to a vote of stockholders.
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3481000 USD
CY2013Q4 exr Maximum Percentage Of Annual Salary Which Plan Participants May Contribute To The Plan
MaximumPercentageOfAnnualSalaryWhichPlanParticipantsMayContributeToThePlan
0.15 pure
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
894000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
832000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1013000 USD
CY2013 exr Percentage Of Matching Contribution Made By Company For First Three Percent Of Participants Compensation
PercentageOfMatchingContributionMadeByCompanyForFirstThreePercentOfParticipantsCompensation
1.00 pure
CY2013 exr Maximum Percentage Of Compensation By Plan Participants Subject To Hundred Percent Matching Of Company
MaximumPercentageOfCompensationByPlanParticipantsSubjectToHundredPercentMatchingOfCompany
0.03 pure
CY2013 exr Maximum Percentage Of Matching Contribution Made By Company For Next Two Percent Of Participants Compensation
MaximumPercentageOfMatchingContributionMadeByCompanyForNextTwoPercentOfParticipantsCompensation
0.50 pure
CY2013 exr Maximum Percentage Of Compensation By Plan Participants Subject To Fifty Percent Matching Of Company
MaximumPercentageOfCompensationByPlanParticipantsSubjectToFiftyPercentMatchingOfCompany
0.02 pure
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
612000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9984000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8240000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9572000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
615000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10187000 USD
CY2013 exr Income Tax Credits And Adjustments Federal
IncomeTaxCreditsAndAdjustmentsFederal
-4556000 USD
CY2013 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-4556000 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4353000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4353000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
9369000 USD
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
615000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8852000 USD
CY2012 exr Income Tax Credits And Adjustments Federal
IncomeTaxCreditsAndAdjustmentsFederal
-5528000 USD
CY2012 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-5528000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2089000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2089000 USD
CY2012 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
4801000 USD
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
612000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5413000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1350000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
606000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1956000 USD
CY2011 exr Income Tax Credits And Adjustments Federal
IncomeTaxCreditsAndAdjustmentsFederal
-6849000 USD
CY2011 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-6849000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6048000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6048000 USD
CY2011 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
549000 USD
CY2011 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
606000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1155000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
67012000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
53519000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
615000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
435000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
4562000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.279 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.002 pure
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
213483000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.024 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.000 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.052 pure
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
46586000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1641000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
37729000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
612000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
5528000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-169000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.283 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.005 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.012 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.042 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.041 pure
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16309000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4570000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
17931000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4135000 USD
CY2012Q4 us-gaap Assets
Assets
3223477000 USD
CY2011 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
329830000 USD
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
409396000 USD
CY2013 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
520613000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
214354000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
252155000 USD
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
307130000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
115476000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
157241000 USD
CY2011 us-gaap Interest And Debt Expense
InterestAndDebtExpense
67301000 USD
CY2012 us-gaap Interest And Debt Expense
InterestAndDebtExpense
71850000 USD
CY2013 us-gaap Interest And Debt Expense
InterestAndDebtExpense
71630000 USD
CY2011 us-gaap Investment Income Interest
InvestmentIncomeInterest
1027000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
1816000 USD
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
749000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
58423000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
127689000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
185556000 USD
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5997000 USD
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5889000 USD
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5583000 USD
CY2013Q4 exr Real Estate Self Storage Properties Ground Leases Number
RealEstateSelfStoragePropertiesGroundLeasesNumber
18 facility
CY2013 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
260000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7806000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5690000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4565000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3274000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2660000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
45862000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
69857000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2799000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2830000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2983000 USD
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
90987000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
94951000 USD
CY2012Q2 us-gaap Costs And Expenses
CostsAndExpenses
57076000 USD
CY2012Q4 us-gaap Profit Loss
ProfitLoss
38873000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
66307000 USD
CY2012Q4 us-gaap Costs And Expenses
CostsAndExpenses
70555000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
32770000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
37875000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
43484000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
43112000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
22518000 USD
CY2013Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
119322000 USD
CY2013Q1 us-gaap Costs And Expenses
CostsAndExpenses
72593000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
109791000 USD
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
113667000 USD
CY2012Q1 us-gaap Costs And Expenses
CostsAndExpenses
58217000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
46729000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
24745000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
41553000 USD
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2013Q1 us-gaap Profit Loss
ProfitLoss
33931000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
126246000 USD
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
72871000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
53375000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
37101000 USD
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
133111000 USD
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
77047000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
56064000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
32352000 USD
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2013Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
141934000 USD
CY2013Q4 us-gaap Costs And Expenses
CostsAndExpenses
84619000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
57315000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
82172000 USD
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2013Q4 exr Number Of Properties Owned By Joint Venture
NumberOfPropertiesOwnedByJointVenture
19 property
CY2013Q4 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3250000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1758470000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
2045245000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013 us-gaap Management Fees Revenue
ManagementFeesRevenue
26614000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Extra Space Storage Inc.
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001289490
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
4421398748 USD
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
115802553 shares
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013Q4 us-gaap Assets
Assets
3977140000 USD
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119590000 USD
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0 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
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CY2013Q4 us-gaap Due From Related Parties Noncurrent
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CY2012 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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36816000 USD
CY2011 us-gaap Reinsurance Premiums For Insurance Companies By Product Segment Gross Amount
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31181000 USD
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114028000 USD
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95481000 USD
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7869000 USD
CY2011 exr Tenant Reinsurance Expense
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6143000 USD
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5351000 USD
CY2011 exr Acquisition Related Costs
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2896000 USD
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CY2011 us-gaap General And Administrative Expense
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67301000 USD
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444000 USD
CY2011 us-gaap Amortization Of Debt Discount Premium
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1761000 USD
CY2012 exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
4850000 USD
CY2011 exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
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4850000 USD
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52291000 USD
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30630000 USD
CY2012 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
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6876000 USD
CY2011 us-gaap Minority Interest In Net Income Loss Preferred Unit Holders
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6289000 USD
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3504000 USD
CY2011 exr Minority Interest In Net Income Loss Operating Partnerships And Other
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1685000 USD
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137855000 USD
CY2013 us-gaap Gains Losses On Sales Of Investment Real Estate
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960000 USD
CY2013 us-gaap Amortization Of Financing Costs And Discounts
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56186000 USD
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7886000 USD
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48300000 USD
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121102000 USD
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110972000 USD
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10130000 USD
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5757000 USD
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25335000 USD
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210891000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
14386000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
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196505000 USD
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-1270000 USD
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4819000 USD
CY2012 us-gaap Share Based Compensation
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4356000 USD
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46032000 USD
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23670000 USD
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-4838000 USD
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-7439000 USD
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IncreaseDecreaseInDueFromRelatedPartiesCurrent
8634000 USD
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-8725000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
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-8746000 USD
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7533000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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8302000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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7220000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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9837000 USD
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-5858000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
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2002000 USD
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-1118000 USD
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2013 us-gaap Payments To Acquire And Develop Real Estate
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356425000 USD
CY2012 us-gaap Payments To Acquire And Develop Real Estate
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605486000 USD
CY2011 us-gaap Payments To Acquire And Develop Real Estate
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202019000 USD
CY2013 us-gaap Payments To Acquire Equity Method Investments
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1516000 USD
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1423000 USD
CY2011 us-gaap Payments To Acquire Equity Method Investments
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4088000 USD
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260000 USD
CY2012 exr Return Of Investment Real Estate Ventures
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2421000 USD
CY2011 exr Return Of Investment Real Estate Ventures
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4614000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
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4475000 USD
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-8792000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
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-4730000 USD
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5000000 USD
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7875000 USD
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PaymentsToAcquireNotesReceivable
50140000 USD
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6524000 USD
CY2012 us-gaap Payments To Acquire Furniture And Fixtures
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3367000 USD
CY2011 us-gaap Payments To Acquire Furniture And Fixtures
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5016000 USD
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-606938000 USD
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205988000 USD
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132744000 USD
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429588000 USD
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582185000 USD
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1074263000 USD
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475487000 USD
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8584000 USD
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4850000 USD
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41000 USD
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155000 USD
CY2011 us-gaap Payments To Minority Shareholders
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271000 USD
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5896000 USD
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10267000 USD
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163014000 USD
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52027000 USD
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191655000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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395360000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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87489000 USD
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246250000 USD
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CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
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4301000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
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CY2012 exr Partner Capital Account Units Issued
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429000 USD
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65687000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
61726000 USD
CY2013 us-gaap Income Taxes Paid
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1916000 USD
CY2012 us-gaap Income Taxes Paid
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831000 USD
CY2011 us-gaap Income Taxes Paid
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665000 USD
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3193000 USD
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3476000 USD
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2199000 USD
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3193000 USD
CY2012 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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3476000 USD
CY2011 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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2199000 USD
CY2012 us-gaap Conversion Of Stock Amount Converted1
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2479000 USD
CY2011 us-gaap Conversion Of Stock Amount Converted1
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2344000 USD
CY2012 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
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2479000 USD
CY2011 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
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2344000 USD
CY2013 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
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331230000 USD
CY2012 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
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159297000 USD
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137177000 USD
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132327000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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26484000 USD
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46750000 USD
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0 USD
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4819000 USD
CY2013Q4 exr Percentage Of Interest In Real Estate Held By Buyer As Tenant In Common
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0.50 pure
CY2013Q4 exr Fair Value Assets Liabilities Transfer Between Level1 And Level2 Of Fair Value Hierarchy Amount
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0 USD
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CY2013 us-gaap Nature Of Operations
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>1. DESCRIPTION OF BUSINESS</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Extra Space Storage&#160;Inc. (the "Company") is a fully integrated, self-administered and self-managed real estate investment trust ("REIT"), formed as a Maryland Corporation on April&#160;30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage facilities located throughout the United States. The Company continues the business of Extra Space Storage&#160;LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company's interest in its properties is held through its operating partnership, Extra Space Storage&#160;LP (the "Operating Partnership"), which was formed on May&#160;5, 2004. The Company's primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"). To the extent the Company continues to qualify as a REIT, it will not be subject to tax, with certain limited exceptions, on the taxable income that is distributed to its stockholders.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company invests in self-storage facilities by acquiring wholly-owned facilities or by acquiring an equity interest in real estate entities. At December&#160;31, 2013, the Company had direct and indirect equity interests in 779 storage facilities. In addition, the Company managed 250 properties for third parties bringing the total number of properties which it owns and/or manages to 1,029. These properties are located in 35 states, Washington, D.C. and Puerto Rico.</font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company operates in three distinct segments: (1)&#160;rental operations; (2)&#160;tenant reinsurance; and (3)&#160;property management, acquisition and development. The rental operations activities include rental operations of self-storage facilities in which we have an ownership interest. No single tenant accounts for more than 5% of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company's self-storage facilities. The Company's property management, acquisition and development activities include managing, acquiring, developing and selling self-storage facilities.</font></p> </div>
CY2013Q4 exr Number Of Previously Unconsolidated Entities Required To Be Consolidated
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CY2013Q4 exr Variable Interest Entity Number Of Entities Consolidated
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0 item
CY2012 us-gaap Net Income Loss
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117309000 USD
CY2011 us-gaap Net Income Loss
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50449000 USD
CY2013 us-gaap Net Income Loss
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172076000 USD
CY2013Q4 exr Tenant Reinsurance Policy Minimum Amount Of Insurance Coverage
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2000000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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5896000 USD
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1000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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CY2013 exr Partner Capital Account Units Issued
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119216000 USD
CY2013 exr Minority Interest Decrease From Cash Redemptions
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41000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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25335000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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3193000 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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13262000 USD
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CY2013 exr Number Of Claims Made Under Tenant Reinsurance Program
NumberOfClaimsMadeUnderTenantReinsuranceProgram
2316 item
CY2012 exr Number Of Claims Made Under Tenant Reinsurance Program
NumberOfClaimsMadeUnderTenantReinsuranceProgram
2060 item
CY2011 exr Number Of Claims Made Under Tenant Reinsurance Program
NumberOfClaimsMadeUnderTenantReinsuranceProgram
1834 item
CY2013Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
1236000 USD
CY2012Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
1414000 USD
CY2011Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Gross
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseGross
715000 USD
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
3817000 USD
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
3417000 USD
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
-116000 USD
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
22000 USD
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
2627000 USD
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
2028000 USD
CY2013 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
1252000 USD
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
712000 USD
CY2013 us-gaap Undistributed Earnings
UndistributedEarnings
567000 USD
CY2012 us-gaap Undistributed Earnings
UndistributedEarnings
279000 USD
CY2011 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
365000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171509000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
117030000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50084000 USD
CY2013 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
567000 USD
CY2012 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
279000 USD
CY2013Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4500000 shares
CY2013Q4 exr Common Stock Offer Price Per Share
CommonStockOfferPricePerShare
45.81
CY2013Q4 exr Gross Proceeds From Issuance Of Common Stock
GrossProceedsFromIssuanceOfCommonStock
206145000 USD
CY2013Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
157000 USD
CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
205988000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
14557000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
9951000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
663000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
340000 USD
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
15220000 USD
CY2012Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
10291000 USD
CY2013Q4 exr Deferred Tax Assets Tax Deferred Captive Insurance Subsidiary
DeferredTaxAssetsTaxDeferredCaptiveInsuranceSubsidiary
400000 USD
CY2012Q4 exr Deferred Tax Assets Tax Deferred Captive Insurance Subsidiary
DeferredTaxAssetsTaxDeferredCaptiveInsuranceSubsidiary
385000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1043000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1193000 USD
CY2013Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1394000 USD
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.30
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
457786000 USD
CY2013Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
160000 USD
CY2013 exr Number Of Acquired Property Included In Pro Forma Financial Information Out Of Total Properties
NumberOfAcquiredPropertyIncludedInProFormaFinancialInformationOutOfTotalProperties
55 property
CY2013 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
189794000 USD
CY2013 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.70
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.30
CY2013 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
17907000 USD
CY2013 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
6132000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
20214000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
22413000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
31425000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
34466000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
38606000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
36076000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
29245000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
76940000 USD
CY2013Q4 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 USD
CY2011 us-gaap Undistributed Earnings
UndistributedEarnings
365000 USD
CY2013 exr Noncontrolling Interest Increase Related To Consolidated Joint Venture
NoncontrollingInterestIncreaseRelatedToConsolidatedJointVenture
870000 USD
CY2013 exr Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest
ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest
-2251000 USD
CY2013 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
CY2012 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
CY2011 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
CY2013Q4 exr Divestiture Of Interest In Parcel Of Undeveloped Land Held For Sale
DivestitureOfInterestInParcelOfUndevelopedLandHeldForSale
0.50 pure

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