2014 Q4 Form 10-K Financial Statement

#000119312516485633 Filed on February 29, 2016

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $164.8M $169.1M $160.7M
YoY Change 16.09% 27.01% 27.31%
Cost Of Revenue $45.60M $43.29M $42.29M
YoY Change 14.57% 25.94% 26.39%
Gross Profit $121.7M $125.8M $118.4M
YoY Change 19.08% 27.38% 27.64%
Gross Profit Margin 73.86% 74.39% 73.69%
Selling, General & Admin $16.70M $15.70M $15.50M
YoY Change 21.01% 12.95% 13.14%
% of Gross Profit 13.72% 12.48% 13.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.20M $29.25M $28.27M
YoY Change 12.31% 24.85% 24.08%
% of Gross Profit 23.99% 23.26% 23.87%
Operating Expenses $46.00M $45.00M $43.80M
YoY Change 15.87% 20.32% 20.0%
Operating Profit $69.92M $77.49M $70.66M
YoY Change 21.99% 38.22% 32.39%
Interest Expense -$16.50M $20.68M $20.66M
YoY Change -160.0% 27.16% 12.5%
% of Operating Profit -23.6% 26.69% 29.24%
Other Income/Expense, Net
YoY Change
Pretax Income $51.70M $55.03M $43.48M
YoY Change -39.18% 76.23% 17.37%
Income Tax $2.200M -$1.006M $3.513M
% Of Pretax Income 4.26% -1.83% 8.08%
Net Earnings $45.12M $54.23M $41.67M
YoY Change -41.35% 85.43% 20.89%
Net Earnings / Revenue 27.38% 32.07% 25.92%
Basic Earnings Per Share $0.39 $0.47 $0.36
Diluted Earnings Per Share $0.39 $0.47 $0.36
COMMON SHARES
Basic Shares Outstanding 116.3M shares 115.7M shares 115.7M shares
Diluted Shares Outstanding 121.6M shares 121.3M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.70M $49.20M $53.90M
YoY Change -62.35% -39.78% -73.95%
Cash & Equivalents $47.66M $49.22M $53.95M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.80M $12.30M $12.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.50M $61.50M $66.50M
YoY Change -55.66% -31.36% -68.36%
LONG-TERM ASSETS
Property, Plant & Equipment $4.136B $3.955B $3.941B
YoY Change 13.73% 22.68% 30.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.70M $86.20M $86.80M
YoY Change -2.72% -14.23% -14.65%
Other Assets $25.20M $26.20M $20.70M
YoY Change 17.21% 14.91% 0.98%
Total Long-Term Assets $4.322B $4.164B $4.142B
YoY Change 12.48% 21.46% 28.55%
TOTAL ASSETS
Total Short-Term Assets $59.50M $61.50M $66.50M
Total Long-Term Assets $4.322B $4.164B $4.142B
Total Assets $4.382B $4.226B $4.209B
YoY Change 10.18% 20.11% 22.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.50M $73.50M $65.50M
YoY Change 8.09% 26.29% 39.36%
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 $65.50M
YoY Change 8.09% 26.29% 39.36%
LONG-TERM LIABILITIES
Long-Term Debt $2.350B $2.189B $2.174B
YoY Change 20.0% 23.35% 21.97%
Other Long-Term Liabilities $54.70M $30.00M $39.00M
YoY Change 106.42% 78.57% 184.67%
Total Long-Term Liabilities $2.405B $2.219B $2.213B
YoY Change 21.15% 23.87% 23.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.50M $73.50M $65.50M
Total Long-Term Liabilities $2.405B $2.219B $2.213B
Total Liabilities $2.470B $2.292B $2.278B
YoY Change 20.77% 23.95% 23.62%
SHAREHOLDERS EQUITY
Retained Earnings -$257.7M -$248.2M -$247.9M
YoY Change 14.04% -3.3% 2.68%
Common Stock $1.997B $1.984B $1.982B
YoY Change 1.13% 12.22% 12.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.737B $1.739B $1.737B
YoY Change
Total Liabilities & Shareholders Equity $4.382B $4.226B $4.209B
YoY Change 10.18% 20.11% 22.61%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $45.12M $54.23M $41.67M
YoY Change -41.35% 85.43% 20.89%
Depreciation, Depletion And Amortization $29.20M $29.25M $28.27M
YoY Change 12.31% 24.85% 24.08%
Cash From Operating Activities $81.00M $88.80M $103.2M
YoY Change 11.42% 23.33% 36.69%
INVESTING ACTIVITIES
Capital Expenditures -$188.7M -$38.00M -$47.20M
YoY Change -31.06% 47.86% 7.52%
Acquisitions
YoY Change
Other Investing Activities -$19.30M -$5.600M -$9.600M
YoY Change -371.83% -25.33% -4900.0%
Cash From Investing Activities -$208.0M -$43.50M -$56.80M
YoY Change -22.01% 31.02% 29.68%
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 -39.40M
YoY Change -47.55% -69.53% -128.2%
NET CHANGE
Cash From Operating Activities 81.00M 88.80M 103.2M
Cash From Investing Activities -208.0M -43.50M -56.80M
Cash From Financing Activities 125.4M -50.00M -39.40M
Net Change In Cash -1.600M -4.700M 7.000M
YoY Change -103.55% -96.25% -95.92%
FREE CASH FLOW
Cash From Operating Activities $81.00M $88.80M $103.2M
Capital Expenditures -$188.7M -$38.00M -$47.20M
Free Cash Flow $269.7M $126.8M $150.4M
YoY Change -22.14% 29.79% 25.96%

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AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
82693000
CY2015Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
872441000
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
19104000
CY2015Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
221000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2861000
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
1098232000
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2782300000
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19609000
CY2015Q4 us-gaap Notes Payable
NotesPayable
2758567000
CY2015Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
5510000
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
60797000
CY2015Q4 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
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12440000
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5609000
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17360000
CY2015Q4 us-gaap Preferred Stock Value
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CY2015Q4 us-gaap Litigation Reserve
LitigationReserve
850000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3479000
CY2015Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
202834000
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
36000000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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2633000
CY2015Q4 us-gaap Development In Process
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24909000
CY2015Q4 us-gaap Fair Value Liabilities Level2 To Level1 Transfers Amount
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0
CY2015Q4 exr Tenant Reinsurance Policy Average Amount Of Insurance Coverage
TenantReinsurancePolicyAverageAmountOfInsuranceCoverage
2600
CY2015Q4 exr Operating Partnership Units Redemption Amount
OperatingPartnershipUnitsRedemptionAmount
498921000
CY2015Q4 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
1085000
CY2015Q4 us-gaap Due From Related Parties
DueFromRelatedParties
2205000
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5689309000
CY2015Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
1423677000
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
5016074000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
13985000
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
46774000
CY2015Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
5758588000
CY2015Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
6016000
CY2015Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
26806000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
36297000
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1346000
CY2015Q4 us-gaap Assets
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6071407000
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1735000
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
10774000
CY2015Q4 us-gaap Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
103007000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
30738000
CY2015Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
120230000
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
1401322000
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
1402731000
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
4996000
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
4654170000
CY2015Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
309000
CY2015Q4 us-gaap Other Assets
OtherAssets
170349000
CY2015Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
23780000
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
11463000
CY2015Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
30547000
CY2015Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
0
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75799000
CY2015Q4 us-gaap Other Intangible Assets Net
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2172000
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
36525000
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6392487000
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2167000
CY2015Q4 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
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0
CY2015Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
360495000
CY2015Q4 exr Common Stock Average Closing Market Price
CommonStockAverageClosingMarketPrice
88.75
CY2015Q4 exr Credit Risk Derivative Liabilities Expected Termination Value On Settlement
CreditRiskDerivativeLiabilitiesExpectedTerminationValueOnSettlement
2995000
CY2015Q4 exr Real Estate Property Acquisition Purchase Price Allocation Building
RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding
1335829000
CY2015Q4 exr Number Of Real Estate Properties Franchisees And Others
NumberOfRealEstatePropertiesFranchiseesAndOthers
348 Store
CY2015Q4 exr Tenant Reinsurance Policy Minimum Amount Of Insurance Coverage
TenantReinsurancePolicyMinimumAmountOfInsuranceCoverage
2000
CY2015Q4 exr Real Estate Property Acquisition Assets Acquired Liabilities Assumed Net
RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet
68969000
CY2015Q4 exr Number Of Real Estate Properties Owned And Or Managed
NumberOfRealEstatePropertiesOwnedAndOrManaged
1347 Store
CY2015Q4 exr Real Estate Self Storage Properties Ground Leases Number
RealEstateSelfStoragePropertiesGroundLeasesNumber
19 Facility
CY2015Q4 exr Real Estate Gross Including Construction In Progress
RealEstateGrossIncludingConstructionInProgress
6417396000
CY2015Q4 exr Equity Method Investment Summarized Financial Information Other Assets
EquityMethodInvestmentSummarizedFinancialInformationOtherAssets
33703000
CY2015Q4 exr Equity Method Investment Summarized Financial Information Secured Debt
EquityMethodInvestmentSummarizedFinancialInformationSecuredDebt
299730000
CY2015Q4 exr Tenant Reinsurance Policy Maximum Amount Of Insurance Coverage
TenantReinsurancePolicyMaximumAmountOfInsuranceCoverage
10000
CY2015Q4 exr Deferred Tax Assets Tax Deferred Captive Insurance Subsidiary
DeferredTaxAssetsTaxDeferredCaptiveInsuranceSubsidiary
429000
CY2015Q4 exr Deferred Tax Liabilities State Taxes
DeferredTaxLiabilitiesStateTaxes
1523000
CY2015Q4 exr Variable Interest Entity Not Primary Beneficiary Number And Not Consolidated Number
VariableInterestEntityNotPrimaryBeneficiaryNumberAndNotConsolidatedNumber
3 Entity
CY2015Q4 exr Maximum Percentage Of Annual Salary Which Plan Participants May Contribute To The Plan
MaximumPercentageOfAnnualSalaryWhichPlanParticipantsMayContributeToThePlan
0.15 pure
CY2015Q4 exr Real Estate Property Acquisition Purchase Price Allocation Land
RealEstatePropertyAcquisitionPurchasePriceAllocationLand
248370000
CY2015Q4 exr Net Operating Real Estate Assets
NetOperatingRealEstateAssets
5664400000
CY2015Q4 exr Business Combination Consideration Promissory Note Issued
BusinessCombinationConsiderationPromissoryNoteIssued
15610000
CY2015Q4 exr Equity Method Investment Summarized Financial Information Real Estate Investment Property Net
EquityMethodInvestmentSummarizedFinancialInformationRealEstateInvestmentPropertyNet
1389974000
CY2015Q4 exr Equity Method Investment Summarized Financial Information Other Liabilities
EquityMethodInvestmentSummarizedFinancialInformationOtherLiabilities
25715000
CY2015Q4 exr Unamortized Deferred Finance Costs
UnamortizedDeferredFinanceCosts
2399000
CY2015Q4 exr Investments In Trusts
InvestmentsInTrusts
3590000
CY2015Q4 exr Notes Payable To Trusts
NotesPayableToTrusts
117191000
CY2015Q4 exr Number Of Stores Held For Sale
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7 Store
CY2013Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
157000
CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
205988000
CY2013Q4 exr Gross Proceeds From Issuance Of Common Stock
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206145000
CY2015Q2 us-gaap Payments Of Stock Issuance Costs
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14438000
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
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416611000
CY2015Q2 exr Gross Proceeds From Issuance Of Common Stock
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431049000
CY2013Q1 exr Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
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0.017 pure
CY2013Q1 exr Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
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0.17 pure
CY2013Q1 exr Number Of Joint Venture Partners In Consolidated Self Storage Property Ownership Interest Acquired
NumberOfJointVenturePartnersInConsolidatedSelfStoragePropertyOwnershipInterestAcquired
1 Store
CY2013Q1 exr Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property
PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty
200000
CY2013Q4 exr Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.10 pure
CY2013Q4 exr Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property
PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty
1292000
CY2013Q2 exr Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.276 pure
CY2013Q2 exr Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property
IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty
0.35 pure
CY2013Q2 exr Number Of Joint Venture Partners In Consolidated Self Storage Property Ownership Interest Acquired
NumberOfJointVenturePartnersInConsolidatedSelfStoragePropertyOwnershipInterestAcquired
1 Store
CY2013Q2 exr Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property
PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty
950000
CY2015Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
60495000
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
271259000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.009 pure
CY2013 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
95938000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.42 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
14.81
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
25335000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5896000
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.04 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
38.40
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
113105094 shares
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
171509000
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111349361 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.74
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
391543 shares
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
49075 shares
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
13262000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
172076000
CY2013 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
446682000
CY2013 us-gaap Repayments Of Debt
RepaymentsOfDebt
664372000
CY2013 us-gaap Management Fees Revenue
ManagementFeesRevenue
26614000
CY2013 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
260487000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4819000
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000
CY2013 us-gaap Profit Loss
ProfitLoss
185556000
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
163014000
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
205988000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
25335000
CY2013 us-gaap Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
6524000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
213483000
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8725000
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
1916000
CY2013 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
119216000
CY2013 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
110803000
CY2013 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
14496000
CY2013 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1516000
CY2013 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
960000
CY2013 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
110892000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
4475000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
3193000
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9153000
CY2013 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
520613000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
196505000
CY2013 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7975000
CY2013 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-1277000
CY2013 us-gaap Investment Income Interest
InvestmentIncomeInterest
749000
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1404000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
6482000
CY2013 us-gaap Direct Premiums Earned
DirectPremiumsEarned
47317000
CY2013 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
349959000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
173581000
CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
3193000
CY2013 us-gaap Undistributed Earnings
UndistributedEarnings
-567000
CY2013 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
41000
CY2013 us-gaap Interest Paid Net
InterestPaidNet
66705000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
210891000
CY2013 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
567000
CY2013 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
6466000
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11653000
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-4838000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
137855000
CY2013 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
119216000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9984000
CY2013 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
246250000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
4819000
CY2013 us-gaap Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
149595000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4353000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1549000
CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
2923000
CY2013 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-1194000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
3032000
CY2013 us-gaap Interest Expense
InterestExpense
71630000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-366976000
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
307130000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
191655000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
14386000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4353000
CY2013 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
3134000
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
205988000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1013000
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
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-5858000
CY2013 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
6964000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1374000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8302000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5896000
CY2013 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-4556000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
54246000
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
4538000
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5997000
CY2013 us-gaap Conversion Of Stock Amount Converted1
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260000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9572000
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10187000
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13262000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12065000
CY2013 us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
3193000
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
95232000
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
9369000
CY2013 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
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8006000
CY2013 us-gaap Dividends Common Stock
DividendsCommonStock
163014000
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
140012000
CY2013 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
331230000
CY2013 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
340048 shares
CY2013 exr Proceeds From Notes Payable And Lines Of Credit
ProceedsFromNotesPayableAndLinesOfCredit
582185000
CY2013 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
989980 shares
CY2013 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
5474000
CY2013 exr Income Tax Credits And Adjustments Federal
IncomeTaxCreditsAndAdjustmentsFederal
-4556000
CY2013 exr Acquisition Related Costs
AcquisitionRelatedCosts
8618000
CY2013 exr Noncontrolling Interest Increase Related To Consolidated Joint Venture
NoncontrollingInterestIncreaseRelatedToConsolidatedJointVenture
870000
CY2013 exr Noncash Or Part Noncash Acquisition Notes Payable Assumed And Immediately Defeased
NoncashOrPartNoncashAcquisitionNotesPayableAssumedAndImmediatelyDefeased
98960000
CY2013 exr Gains Losses On Sales Of Real Estate And Earnout From Prior Acquisitions
GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
960000
CY2013 exr Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests
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2251000
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<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; 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>DESCRIPTION OF BUSINESS</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'; WIDOWS: 1; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Extra Space Storage&#xA0;Inc. (the &#x201C;Company&#x201D;) is a fully integrated, self-administered and&#xA0;<font style="WHITE-SPACE: nowrap">self-managed</font>&#xA0;real estate investment trust (&#x201C;REIT&#x201D;), formed as a Maryland Corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage properties located throughout the United States. The Company continues the business of Extra Space Storage&#xA0;LLC and its subsidiaries, which had engaged in the&#xA0;<font style="WHITE-SPACE: nowrap">self-storage</font>&#xA0;business since 1977. The Company&#x2019;s interest in its stores is held through its operating partnership, Extra Space Storage&#xA0;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, or UPREIT. The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the &#x201C;Internal Revenue Code&#x201D;). 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'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The Company invests in stores by acquiring&#xA0;<font style="WHITE-SPACE: nowrap">wholly-owned</font>&#xA0;stores or by acquiring an equity interest in real estate entities. At December&#xA0;31, 2015, the Company had direct and indirect equity interests in 999 storage facilities. In addition, the Company managed 348 stores for third parties bringing the total number of stores which it owns and/or manages to 1,347.&#xA0;These stores are located in 36 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'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -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 stores in which we have an ownership interest. No single tenant accounts for more than 5.0% 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 stores. The Company&#x2019;s property management, acquisition and development activities include managing, acquiring, developing and selling stores.</p> </div>
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Extra Space Storage Inc.
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<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'; WIDOWS: 1; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> The following table presents information on the portion of the Company&#x2019;s unpaid claims liability that relates to tenant insurance for the periods indicated:</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 12pt 'Times New Roman'; WIDOWS: 1; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; WORD-SPACING: 0px; WIDOWS: 1; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="76%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; 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FONT-FAMILY: 'Times New Roman'" bgcolor="#CCEEFF"> <td valign="top"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Unpaid claims liability at the end of the year</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,908</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,121</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">2,112</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: rgb(0,0,0) 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; 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CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
11026000
CY2015 us-gaap Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
11718000
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
269302000
CY2015 us-gaap Cost Of Revenue
CostOfRevenue
203965000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1249000
CY2015 exr Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired
NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired
158009000
CY2015 exr Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options
IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions
775289 shares
CY2015 exr Proceeds From Notes Payable And Lines Of Credit
ProceedsFromNotesPayableAndLinesOfCredit
2121802000
CY2015 exr Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units
IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits
875480 shares
CY2015 exr Minority Interest In Net Income Loss Operating Partnerships And Other
MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther
8344000
CY2015 exr Income Tax Credits And Adjustments Federal
IncomeTaxCreditsAndAdjustmentsFederal
274000
CY2015 exr Acquisition Related Costs
AcquisitionRelatedCosts
69401000
CY2015 exr Gains Losses On Sales Of Real Estate And Earnout From Prior Acquisitions
GainsLossesOnSalesOfRealEstateAndEarnoutFromPriorAcquisitions
1501000
CY2015 exr Real Estate Property Acquisition Closing Costs Expensed
RealEstatePropertyAcquisitionClosingCostsExpensed
55344000
CY2015 exr Basis Of Exchange Operating Partnership Units For Common Stock
BasisOfExchangeOperatingPartnershipUnitsForCommonStock
One-for-one basis
CY2015 exr Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests
GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests
2857000
CY2015 exr Maximum Percentage Of Compensation By Plan Participants Subject To Fifty Percent Matching Of Company
MaximumPercentageOfCompensationByPlanParticipantsSubjectToFiftyPercentMatchingOfCompany
0.02 pure
CY2015 exr Income Loss Attributable To Noncontrolling Interest Fixed Component
IncomeLossAttributableToNoncontrollingInterestFixedComponent
5088000
CY2015 exr Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital
RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital
-28106000
CY2015 exr Payments For Proceeds From Notes Receivable
PaymentsForProceedsFromNotesReceivable
84331000
CY2015 exr Tenant Reinsurance Expense
TenantReinsuranceExpense
13033000
CY2015 exr Percentage Of Matching Contribution Made By Company For First Three Percent Of Participants Compensation
PercentageOfMatchingContributionMadeByCompanyForFirstThreePercentOfParticipantsCompensation
1.00 pure
CY2015 exr Interest Income On Note Receivable From Preferred Partnership Unit Holders
InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders
4850000
CY2015 exr Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest
ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest
15610000
CY2015 exr Maximum Percentage Of Compensation By Plan Participants Subject To Hundred Percent Matching Of Company
MaximumPercentageOfCompensationByPlanParticipantsSubjectToHundredPercentMatchingOfCompany
0.03 pure
CY2015 exr Average Closing Market Price Measurement Period
AverageClosingMarketPriceMeasurementPeriod
P10D
CY2015 exr Number Of Claims Made Under Tenant Reinsurance Program
NumberOfClaimsMadeUnderTenantReinsuranceProgram
3959 Item
CY2015 exr Percentage Of All Distributions To Stockholders Which Classifies As Return Of Capital
PercentageOfAllDistributionsToStockholdersWhichClassifiesAsReturnOfCapital
0.000 pure
CY2015 exr Economic Risk Number Of Components
EconomicRiskNumberOfComponents
3 Item
CY2015 exr Percentage Of Annual Reit Taxable Income Distributable To Stockholders Minimum
PercentageOfAnnualREITTaxableIncomeDistributableToStockholdersMinimum
0.90 pure
CY2015 exr Number Of Acquired Property Included In Pro Forma Financial Information Out Of Total Properties
NumberOfAcquiredPropertyIncludedInProFormaFinancialInformationOutOfTotalProperties
136 Store
CY2015 exr Incremental Common Shares Attributable To Conversion Of Operating Partnership Units
IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits
5451357 shares
CY2015 exr Number Of Properties Related To Ground Leases Assumed By The Entity At Rates Lower Than Current Market Rates
NumberOfPropertiesRelatedToGroundLeasesAssumedByTheEntityAtRatesLowerThanCurrentMarketRates
6 Store
CY2015 exr Equity Method Investment Summarized Financial Information Gain Loss On Disposition Of Assets
EquityMethodInvestmentSummarizedFinancialInformationGainLossOnDispositionOfAssets
60495000
CY2015 exr Return Of Investment Real Estate Ventures
ReturnOfInvestmentRealEstateVentures
45080000
CY2015 exr Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageForfeitureRate
0.050 pure
CY2015 exr Equity Method Investment Excess Purchase Price Amortization Period
EquityMethodInvestmentExcessPurchasePriceAmortizationPeriod
P40Y
CY2015 exr Number Of Acquired Property Excluded From Pro Forma Financial Information
NumberOfAcquiredPropertyExcludedFromProFormaFinancialInformation
34 Store
CY2015 exr Common Stock Voting Rights Votes Number
CommonStockVotingRightsVotesNumber
1 Item
CY2015 exr Number Of Leased Properties That Cannot Be Classified As Ground Or Building Leases
NumberOfLeasedPropertiesThatCannotBeClassifiedAsGroundOrBuildingLeases
3 Store
CY2015 exr Number Of Operating Stores Business Acquired
NumberOfOperatingStoresBusinessAcquired
171 Store
CY2015 exr Maximum Percentage Of Matching Contribution Made By Company For Next Two Percent Of Participants Compensation
MaximumPercentageOfMatchingContributionMadeByCompanyForNextTwoPercentOfParticipantsCompensation
0.50 pure
CY2015 exr Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
171 Property
CY2015 exr Number Of Preferred Operating Partnership Units
NumberOfPreferredOperatingPartnershipUnits
2928493 shares
CY2015 exr Management Fees Revenue And Other Income
ManagementFeesRevenueAndOtherIncome
34161000
CY2015 exr Gain Loss On Sale Of Real Estate Assets And Purchase Of Joint Venture Partners Interests
GainLossOnSaleOfRealEstateAssetsAndPurchaseOfJointVenturePartnersInterests
2857000
CY2015 exr Conversion Of Units Estimated Issuance Of Shares
ConversionOfUnitsEstimatedIssuanceOfShares
1179291 shares
CY2015 exr Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership
NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership
-14790000
CY2015 exr Minority Interest Decrease From Purchase Of Joint Venture Interest
MinorityInterestDecreaseFromPurchaseOfJointVentureInterest
1268000
CY2015 exr Repayments Of Debt Instruments
RepaymentsOfDebtInstruments
-227212000
CY2015 exr Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition
GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisition
1501000
CY2015 exr Effective Income Tax Rate Reconciliation Tax Credits Adjustments
EffectiveIncomeTaxRateReconciliationTaxCreditsAdjustments
0.001 pure
CY2015 exr Income Tax Reconciliation Tax Credits Adjustments
IncomeTaxReconciliationTaxCreditsAdjustments
274000
CY2015 exr Payments To Acquire Real Estate Net Of Cash Acquired
PaymentsToAcquireRealEstateNetOfCashAcquired
1200853000
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
615000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
615000
CY2012 exr Income Tax Credits And Adjustments State
IncomeTaxCreditsAndAdjustmentsState
0
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
37340000
CY2014Q1 us-gaap Profit Loss
ProfitLoss
41209000
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
60398000
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
90063000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
55339000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
60956000
CY2014Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
152587000
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
92189000
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
53742000
CY2015Q1 us-gaap Profit Loss
ProfitLoss
58636000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
75436000
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
173154000
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
97718000
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
41665000
CY2014Q2 us-gaap Profit Loss
ProfitLoss
46008000
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
70661000
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
160724000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
81607000
CY2015Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
185860000
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
104253000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
54228000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
59193000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
77493000
CY2014Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
169067000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
91574000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
71718000
CY2015Q3 us-gaap Profit Loss
ProfitLoss
78200000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
97304000
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
197497000
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
100193000
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
45122000
CY2014Q4 us-gaap Profit Loss
ProfitLoss
49486000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
69916000
CY2014Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
164777000
CY2014Q4 us-gaap Costs And Expenses
CostsAndExpenses
94861000
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
8675000
CY2015Q4 us-gaap Profit Loss
ProfitLoss
11744000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
40309000
CY2015Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
225759000
CY2015Q4 us-gaap Costs And Expenses
CostsAndExpenses
185450000

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