$EXR
Extra Space Storage Inc.

2014 Q4 Form 10-Q Financial Statement

#000119312514401276 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $164.8M $169.1M $133.1M
YoY Change 16.09% 27.01% 21.24%
Cost Of Revenue $45.60M $43.29M $34.38M
YoY Change 14.57% 25.94% 14.15%
Gross Profit $121.7M $125.8M $98.74M
YoY Change 19.08% 27.38% 23.92%
Gross Profit Margin 73.86% 74.39% 74.17%
Selling, General & Admin $16.70M $15.70M $13.90M
YoY Change 21.01% 12.95% 10.32%
% of Gross Profit 13.72% 12.48% 14.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.20M $29.25M $23.43M
YoY Change 12.31% 24.85% 18.51%
% of Gross Profit 23.99% 23.26% 23.73%
Operating Expenses $46.00M $45.00M $37.40M
YoY Change 15.87% 20.32% 15.79%
Operating Profit $69.92M $77.49M $56.06M
YoY Change 21.99% 38.22% 28.93%
Interest Expense -$16.50M $20.68M $16.26M
YoY Change -160.0% 27.16% -11.72%
% of Operating Profit -23.6% 26.69% 29.01%
Other Income/Expense, Net
YoY Change
Pretax Income $51.70M $55.03M $31.23M
YoY Change -39.18% 76.23% 16.81%
Income Tax $2.200M -$1.006M $2.281M
% Of Pretax Income 4.26% -1.83% 7.3%
Net Earnings $45.12M $54.23M $29.25M
YoY Change -41.35% 85.43% -24.25%
Net Earnings / Revenue 27.38% 32.07% 21.97%
Basic Earnings Per Share $0.39 $0.47 $0.26
Diluted Earnings Per Share $0.39 $0.47 $0.26
COMMON SHARES
Basic Shares Outstanding 116.3M shares 115.7M shares 110.8M shares
Diluted Shares Outstanding 121.6M shares 115.5M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.70M $49.20M $81.70M
YoY Change -62.35% -39.78% 87.39%
Cash & Equivalents $47.66M $49.22M $81.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.80M $12.30M $7.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.50M $61.50M $89.60M
YoY Change -55.66% -31.36% 64.4%
LONG-TERM ASSETS
Property, Plant & Equipment $4.136B $3.955B $3.224B
YoY Change 13.73% 22.68% 17.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.70M $86.20M $100.5M
YoY Change -2.72% -14.23% -17.15%
Other Assets $25.20M $26.20M $22.80M
YoY Change 17.21% 14.91% -2.56%
Total Long-Term Assets $4.322B $4.164B $3.429B
YoY Change 12.48% 21.46% 15.89%
TOTAL ASSETS
Total Short-Term Assets $59.50M $61.50M $89.60M
Total Long-Term Assets $4.322B $4.164B $3.429B
Total Assets $4.382B $4.226B $3.518B
YoY Change 10.18% 20.11% 16.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.50M $73.50M $58.20M
YoY Change 8.09% 26.29% 17.34%
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 $65.50M $73.50M $58.20M
YoY Change 8.09% 26.29% 17.34%
LONG-TERM LIABILITIES
Long-Term Debt $2.350B $2.189B $1.774B
YoY Change 20.0% 23.35% 11.59%
Other Long-Term Liabilities $54.70M $30.00M $16.80M
YoY Change 106.42% 78.57% -60.93%
Total Long-Term Liabilities $2.405B $2.219B $1.791B
YoY Change 21.15% 23.87% 9.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.50M $73.50M $58.20M
Total Long-Term Liabilities $2.405B $2.219B $1.791B
Total Liabilities $2.470B $2.292B $1.849B
YoY Change 20.77% 23.95% 9.9%
SHAREHOLDERS EQUITY
Retained Earnings -$257.7M -$248.2M -$256.6M
YoY Change 14.04% -3.3% 5.38%
Common Stock $1.997B $1.984B $1.768B
YoY Change 1.13% 12.22% 15.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.737B $1.739B $1.514B
YoY Change
Total Liabilities & Shareholders Equity $4.382B $4.226B $3.518B
YoY Change 10.18% 20.11% 16.77%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $45.12M $54.23M $29.25M
YoY Change -41.35% 85.43% -24.25%
Depreciation, Depletion And Amortization $29.20M $29.25M $23.43M
YoY Change 12.31% 24.85% 18.51%
Cash From Operating Activities $81.00M $88.80M $72.00M
YoY Change 11.42% 23.33% 19.21%
INVESTING ACTIVITIES
Capital Expenditures -$188.7M -$38.00M -$25.70M
YoY Change -31.06% 47.86% -92.04%
Acquisitions
YoY Change
Other Investing Activities -$19.30M -$5.600M -$7.500M
YoY Change -371.83% -25.33% -155.56%
Cash From Investing Activities -$208.0M -$43.50M -$33.20M
YoY Change -22.01% 31.02% -89.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 125.4M -50.00M -164.1M
YoY Change -47.55% -69.53% -253.51%
NET CHANGE
Cash From Operating Activities 81.00M 88.80M 72.00M
Cash From Investing Activities -208.0M -43.50M -33.20M
Cash From Financing Activities 125.4M -50.00M -164.1M
Net Change In Cash -1.600M -4.700M -125.3M
YoY Change -103.55% -96.25% -11.7%
FREE CASH FLOW
Cash From Operating Activities $81.00M $88.80M $72.00M
Capital Expenditures -$188.7M -$38.00M -$25.70M
Free Cash Flow $269.7M $126.8M $97.70M
YoY Change -22.14% 29.79% -74.5%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
210372000
exr Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest
ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest
2251000
exr Tenant Reinsurance Expense
TenantReinsuranceExpense
6985000
exr Acquisition Related Costs
AcquisitionRelatedCosts
3562000
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Nature Of Operations
NatureOfOperations
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left"><b>1.</b></td> <td valign="top" align="left"><b>ORGANIZATION</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Extra Space Storage&#xA0;Inc. (the &#x201C;Company&#x201D;) is a fully-integrated, self-administered and self-managed real estate investment trust (&#x201C;REIT&#x201D;), formed as a Maryland corporation on April&#xA0;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 LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company&#x2019;s interest in its properties is held through its operating partnership, Extra Space Storage LP (the &#x201C;Operating Partnership&#x201D;), which was formed on May&#xA0;5, 2004. The Company&#x2019;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 (&#x201C;UPREIT&#x201D;). The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. 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.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The Company invests in self-storage facilities by acquiring wholly-owned facilities or by acquiring an equity interest in real estate entities. At September&#xA0;30, 2014, the Company had direct and indirect equity interests in 810 operating storage facilities. In addition, the Company managed 271 properties for third parties, bringing the total number of operating properties which it owns and/or manages to 1,081. These properties are located in 35 states, Washington, D.C. and Puerto Rico.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The Company operates in three distinct segments: (1)&#xA0;rental operations; (2)&#xA0;tenant reinsurance; and (3)&#xA0;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&#x2019;s self-storage facilities. The Company&#x2019;s property management, acquisition and development activities include managing, acquiring, developing and selling self-storage facilities.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 18pt 'Times New Roman'; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> &#xA0;</p> </div>
exr Gains Losses On Sales Of Real Estate And Earnout From Prior Acquisitions
GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
800000
exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
3638000
exr Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests
GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests
2556000
exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
2753000
exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
4313000
exr Noncash Or Part Noncash Acquisition Notes Payable Assumed And Immediately Defeased
NoncashOrPartNoncashAcquisitionNotesPayableAssumedAndImmediatelyDefeased
98960000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
Extra Space Storage Inc.
dei Trading Symbol
TradingSymbol
EXR
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
256564000
us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.06 pure
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
629380 shares
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.34
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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dei Entity Central Index Key
EntityCentralIndexKey
0001289490
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BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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VariableInterestEntityOwnershipPercentage
0.50 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
27045 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segments
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Reclassifications</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Certain amounts in the Company&#x2019;s 2013 consolidated financial statements and supporting note disclosures have been reclassified to conform to the current period presentation. Such reclassifications did not impact previously reported net income or accumulated deficit.</p> </div>
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WeightedAverageNumberOfSharesOutstandingBasic
115606845 shares
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NetIncomeLossAvailableToCommonStockholdersDiluted
139238000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
4754000
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000
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PaymentsOfDividendsMinorityInterest
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OtherComprehensiveIncomeLossNetOfTax
-6614000
us-gaap Undistributed Earnings
UndistributedEarnings
-366000
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RepaymentsOfDebt
312287000
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ProfitLoss
146410000
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IncreaseDecreaseInOtherOperatingAssets
-467000
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3438000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2717000
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PaymentsToAcquireFurnitureAndFixtures
3636000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
155410000
us-gaap Operating Income Loss
OperatingIncomeLoss
208552000
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
38347000
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-6782000
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
434000
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ComprehensiveIncomeNetOfTax
126812000
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IncomeTaxesPaid
3237000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
140131000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
328235000
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PaymentsToAcquireBusinessesGross
312171000
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InterestPaidNet
55694000
us-gaap Direct Premiums Earned
DirectPremiumsEarned
43356000
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UndistributedEarningsDiluted
366000
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PaymentsToDevelopRealEstateAssets
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PaymentsOfFinancingCosts
3851000
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NetIncomeLossAvailableToCommonStockholdersBasic
132867000
us-gaap Net Income Loss
NetIncomeLoss
133233000
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InvestmentIncomeInterest
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us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3855000
us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
2883000
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UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
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RealEstateRevenueNet
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us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
9028000
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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us-gaap Management Fees Revenue
ManagementFeesRevenue
20984000
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IncomeLossFromEquityMethodInvestments
7800000
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IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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GainsLossesOnExtinguishmentOfDebt
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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2883000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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InterestExpense
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IncomeTaxExpenseBenefit
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CostOfRevenue
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NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
22870000
us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
2883000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2004000
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NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CostsAndExpenses
271236000
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GeneralAndAdministrativeExpense
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NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
8281000
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ProceedsFromStockOptionsExercised
2717000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14256000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Share Based Compensation
ShareBasedCompensation
3855000
exr Gain Loss On Purchase Of Joint Venture Partners Interest
GainLossOnPurchaseOfJointVenturePartnersInterest
3438000
exr Partner Capital Account Units Issued
PartnerCapitalAccountUnitsIssued
22117000
exr Proceeds From Notes Payable And Lines Of Credit
ProceedsFromNotesPayableAndLinesOfCredit
505957000
exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
60465000
exr Fair Value Assets Liabilities Transfer Between Level One And Level Two Of Fair Value Hierarchy Amount
FairValueAssetsLiabilitiesTransferBetweenLevelOneAndLevelTwoOfFairValueHierarchyAmount
0
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12984000
us-gaap Dividends Common Stock
DividendsCommonStock
155410000
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IncreaseDecreaseInOtherOperatingLiabilities
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exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
299600 shares
exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
4334118 shares
exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
32 Property
exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
321346 shares
exr Gains Losses On Earn Out From Prior Acquisition
GainsLossesOnEarnOutFromPriorAcquisition
-2500000
exr Tenant Reinsurance Expense
TenantReinsuranceExpense
8133000
exr Acquisition Related Costs
AcquisitionRelatedCosts
3885000
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GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
-10285000
exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
3638000
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GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests
3816000
exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
4896000
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IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
4313000
exr Real Estate Property Acquisition Previous Equity Interest
RealEstatePropertyAcquisitionPreviousEquityInterest
129000
exr Real Estate Property Acquisition Closing Costs Expensed
RealEstatePropertyAcquisitionClosingCostsExpensed
2006000
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ComprehensiveIncomeNetOfTax
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AverageClosingMarketPriceMeasurementPeriod
P10D
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MaximumPercentageOfRentalIncomeAccountedForBySingleTenant
0.05 pure
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1 Property
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200000
CY2013Q2 exr Number Of Self Storage Properties Which Portion Of Land Condemned
NumberOfSelfStoragePropertiesWhichPortionOfLandCondemned
1 Property
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IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.277 pure
CY2013Q2 exr Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.350 pure
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950000
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EarningsPerShareDiluted
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EarningsPerShareBasic
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302734 shares
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IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
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TenantReinsuranceExpense
2873000
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AcquisitionRelatedCosts
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GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
0
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InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
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GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests
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MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
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EarningsPerShareDiluted
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EarningsPerShareBasic
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UndistributedEarningsDiluted
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54103000
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54228000
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InvestmentIncomeInterest
186000
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167368000
CY2014Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1834000
CY2014Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
7314000
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2777000
CY2014Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
61027000
CY2014Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
29249000
CY2014Q3 us-gaap Interest Expense
InterestExpense
20681000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1006000
CY2014Q3 us-gaap Cost Of Revenue
CostOfRevenue
43294000
CY2014Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
679000
CY2014Q3 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
2977000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
89875000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13966000
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3875000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5137000
CY2014Q3 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
271929 shares
CY2014Q3 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
4334118 shares
CY2014Q3 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards
294616 shares
CY2014Q3 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
2930000
CY2014Q3 exr Acquisition Related Costs
AcquisitionRelatedCosts
436000
CY2014Q3 exr Gains Losses On Sales Of Real Estate And Earnout From Prior Acquisitions
GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
-2500000
CY2014Q3 exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
1213000
CY2014Q3 exr Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests
GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests
378000
CY2014Q3 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
1988000
CY2014Q3 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
CY2014Q3 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
1438000

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