$EXR
Extra Space Storage Inc. Stock $exr

$exr Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000162828016018631 Filed on August 05, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$244.3M	$185.9M
YoY Change	31.43%	15.64%
Cost Of Revenue	$62.43M	$48.21M
YoY Change	29.5%	13.99%
Gross Profit	$181.8M	$137.7M
YoY Change	32.1%	16.23%
Gross Profit Margin	74.44%	74.06%
Selling, General & Admin	$20.50M	$16.70M
YoY Change	22.75%	7.74%
% of Gross Profit	11.27%	12.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$43.95M	$31.55M
YoY Change	39.29%	11.61%
% of Gross Profit	24.17%	22.92%
Operating Expenses	$64.50M	$48.20M
YoY Change	33.82%	10.05%
Operating Profit	$110.3M	$81.61M
YoY Change	35.16%	15.49%
Interest Expense	$32.80M	$22.81M
YoY Change	43.8%	10.42%
% of Operating Profit	29.74%	27.95%
Other Income/Expense, Net
YoY Change
Pretax Income	$90.46M	$60.14M
YoY Change	50.41%	38.32%
Income Tax	$3.773M	$2.185M
% Of Pretax Income	4.17%	3.63%
Net Earnings	$83.04M	$55.34M
YoY Change	50.06%	32.82%
Net Earnings / Revenue	34.0%	29.77%
Basic Earnings Per Share	$0.66	$0.47
Diluted Earnings Per Share	$0.66	$0.47
COMMON SHARES
Basic Shares Outstanding	124.9M shares	116.9M shares
Diluted Shares Outstanding	132.0M shares	124.5M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$41.10M	$175.9M
YoY Change	-76.63%	226.35%
Cash & Equivalents	$41.06M	$175.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$500.0K	$2.100M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$41.60M	$178.0M
YoY Change	-76.63%	167.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.165B	$4.452B
YoY Change	38.47%	12.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$99.60M	$84.70M
YoY Change	17.59%	-2.42%
Other Assets	$15.20M	$25.40M
YoY Change	-40.16%	22.71%
Total Long-Term Assets	$6.417B	$4.656B
YoY Change	37.84%	12.39%
TOTAL ASSETS
Total Short-Term Assets	$41.60M	$178.0M
Total Long-Term Assets	$6.417B	$4.656B
Total Assets	$6.459B	$4.834B
YoY Change	33.62%	14.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$91.20M	$69.40M
YoY Change	31.41%	5.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$91.20M	$69.40M
YoY Change	31.41%	5.95%
LONG-TERM LIABILITIES
Long-Term Debt	$3.797B	$2.298B
YoY Change	65.22%	5.73%
Other Long-Term Liabilities	$127.6M	$43.00M
YoY Change	196.74%	10.26%
Total Long-Term Liabilities	$3.925B	$2.341B
YoY Change	67.64%	5.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$91.20M	$69.40M
Total Long-Term Liabilities	$3.925B	$2.341B
Total Liabilities	$4.016B	$2.410B
YoY Change	66.6%	5.81%
SHAREHOLDERS EQUITY
Retained Earnings	-$343.4M	-$272.1M
YoY Change	26.21%	9.79%
Common Stock	$2.512B	$2.418B
YoY Change	3.88%	21.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.115B	$2.144B
YoY Change
Total Liabilities & Shareholders Equity	$6.459B	$4.834B
YoY Change	33.62%	14.85%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$83.04M	$55.34M
YoY Change	50.06%	32.82%
Depreciation, Depletion And Amortization	$43.95M	$31.55M
YoY Change	39.29%	11.61%
Cash From Operating Activities	$144.2M	$95.90M
YoY Change	50.36%	-7.07%
INVESTING ACTIVITIES
Capital Expenditures	-$209.5M	-$172.0M
YoY Change	21.8%	264.41%
Acquisitions
YoY Change
Other Investing Activities	$62.20M	$10.70M
YoY Change	481.31%	-211.46%
Cash From Investing Activities	-$147.3M	-$161.3M
YoY Change	-8.68%	183.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$416.6M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-5.600M	196.0M
YoY Change	-102.86%	-597.46%
NET CHANGE
Cash From Operating Activities	144.2M	95.90M
Cash From Investing Activities	-147.3M	-161.3M
Cash From Financing Activities	-5.600M	196.0M
Net Change In Cash	-8.700M	130.6M
YoY Change	-106.66%	1765.71%
FREE CASH FLOW
Cash From Operating Activities	$144.2M	$95.90M
Capital Expenditures	-$209.5M	-$172.0M
Free Cash Flow	$353.7M	$267.9M
YoY Change	32.03%	78.13%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	exr	Real Estate Additions Portion Not Yet Paid RealEstateAdditionsPortionNotYetPaid	7567000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Entity Central Index Key EntityCentralIndexKey	0001289490
CY2016Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	125789327	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Extra Space Storage Inc.
	dei	Trading Symbol TradingSymbol	EXR
CY2015Q2	exr	Acquisition Related Costs AcquisitionRelatedCosts	4554000	USD
	exr	Acquisition Related Costs AcquisitionRelatedCosts	5423000	USD
CY2016Q2	exr	Acquisition Related Costs AcquisitionRelatedCosts	3138000	USD
	exr	Acquisition Related Costs AcquisitionRelatedCosts	7191000	USD
	exr	Average Closing Market Price Measurement Period AverageClosingMarketPriceMeasurementPeriod	P10D
	exr	Average Share Price Per Share AverageSharePricePerShare	90.31
	exr	Basis Of Exchange Operating Partnership Units For Common Stock BasisOfExchangeOperatingPartnershipUnitsForCommonStock	one-for-one basis
CY2016Q2	exr	Common Stock Average Closing Market Price CommonStockAverageClosingMarketPrice	88.88
	exr	Construction In Progress Additions Portion Not Yet Paid ConstructionInProgressAdditionsPortionNotYetPaid	0	USD
	exr	Construction In Progress Additions Portion Not Yet Paid ConstructionInProgressAdditionsPortionNotYetPaid	1298000	USD
	exr	Construction In Progress And Capital Expenditures Incurred But Not Paid ConstructionInProgressAndCapitalExpendituresIncurredButNotPaid	0	USD
	exr	Construction In Progress And Capital Expenditures Incurred But Not Paid ConstructionInProgressAndCapitalExpendituresIncurredButNotPaid	8865000	USD
CY2015Q2	exr	Conversion Of Units Estimated Issuance Of Shares ConversionOfUnitsEstimatedIssuanceOfShares	1257389	shares
	exr	Conversion Of Units Estimated Issuance Of Shares ConversionOfUnitsEstimatedIssuanceOfShares	1277934	shares
CY2016Q2	exr	Conversion Of Units Estimated Issuance Of Shares ConversionOfUnitsEstimatedIssuanceOfShares	1084618	shares
	exr	Conversion Of Units Estimated Issuance Of Shares ConversionOfUnitsEstimatedIssuanceOfShares	1033293	shares
CY2016Q2	exr	Credit Risk Derivative Liabilities Expected Termination Value On Settlement CreditRiskDerivativeLiabilitiesExpectedTerminationValueOnSettlement	56465000	USD
CY2015Q1	exr	Equity Method Investment Ownership Percentage Prior To Acquisition EquityMethodInvestmentOwnershipPercentagePriorToAcquisition	0.176
	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Joint Venture Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfJointVenturePartnersInterests	2857000	USD
	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Joint Venture Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfJointVenturePartnersInterests	26923000	USD
CY2015Q2	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests	0	USD
	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests	2857000	USD
CY2016Q2	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests	0	USD
	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests	26923000	USD
CY2015Q2	exr	Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisition	400000	USD
	exr	Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisition	400000	USD
CY2016Q2	exr	Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisition	11358000	USD
	exr	Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition GainsLossesOnRealEstateTransactionsAndEarnOutFromPriorAcquisition	9814000	USD
CY2015Q2	exr	Gross Proceeds From Issuance Of Common Stock GrossProceedsFromIssuanceOfCommonStock	431049000	USD
CY2015Q2	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	1271000	USD
	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	2545000	USD
CY2016Q2	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	1271000	USD
	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	2542000	USD
CY2015Q2	exr	Increase In Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property IncreaseInOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.01
CY2015Q2	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	5642737	shares
	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	5007835	shares
CY2016Q2	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	5517607	shares
	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	5569537	shares
CY2015Q2	exr	Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits	875480	shares
	exr	Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits	875480	shares
CY2016Q2	exr	Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits	875480	shares
	exr	Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits	875480	shares
CY2015Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards	0	shares
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards	0	shares
CY2016Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards	0	shares
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CY2015Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	1095995	shares
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	1102216	shares
CY2016Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	718361	shares
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	719222	shares
CY2015Q2	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	1212000	USD
	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	2425000	USD
CY2016Q2	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	1212000	USD
	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	2425000	USD
CY2015Q1	exr	Joint Venture Partner Ownership Interest Acquired JointVenturePartnerOwnershipInterestAcquired	0.824
CY2015Q2	exr	Management Fees Revenue And Other Income ManagementFeesRevenueAndOtherIncome	7496000	USD
	exr	Management Fees Revenue And Other Income ManagementFeesRevenueAndOtherIncome	15246000	USD
CY2016Q2	exr	Management Fees Revenue And Other Income ManagementFeesRevenueAndOtherIncome	10828000	USD
	exr	Management Fees Revenue And Other Income ManagementFeesRevenueAndOtherIncome	20188000	USD
CY2015Q2	exr	Minority Interest In Net Income Loss Operating Partnerships And Other MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther	2610000	USD
	exr	Minority Interest In Net Income Loss Operating Partnerships And Other MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther	4578000	USD
CY2016Q2	exr	Minority Interest In Net Income Loss Operating Partnerships And Other MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther	3562000	USD
	exr	Minority Interest In Net Income Loss Operating Partnerships And Other MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther	7197000	USD
CY2015Q2	exr	Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership	-4276000	USD
	exr	Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership	-7911000	USD
CY2016Q2	exr	Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership	-5398000	USD
	exr	Net Income Loss Attributable To Noncontrolling Interest In Operating Partnership NetIncomeLossAttributableToNoncontrollingInterestInOperatingPartnership	-10872000	USD
	exr	Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired	122132000	USD
	exr	Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired	65960000	USD
CY2015Q2	exr	Noncontrolling Interest Carrying Amount NoncontrollingInterestCarryingAmount	0	USD
	exr	Noncontrolling Interest Decreasefrom Redemptions For Common Stock NoncontrollingInterestDecreasefromRedemptionsForCommonStock	0	USD
	exr	Noncontrolling Interest Decreasefrom Redemptions For Sale Of Property NoncontrollingInterestDecreasefromRedemptionsForSaleOfProperty	7689000	USD
CY2015Q4	exr	Notes Payable To Trusts NotesPayableToTrusts	117191000	USD
CY2016Q2	exr	Notes Payable To Trusts NotesPayableToTrusts	117258000	USD
CY2016Q2	exr	Number Of Parcels Of Land Held For Sale NumberOfParcelsOfLandHeldForSale	1	land_parcel
CY2015Q2	exr	Number Of Preferred Operating Partnership Units NumberOfPreferredOperatingPartnershipUnits	2928493	shares
	exr	Number Of Preferred Operating Partnership Units NumberOfPreferredOperatingPartnershipUnits	2928493	shares
CY2016Q2	exr	Number Of Preferred Operating Partnership Units NumberOfPreferredOperatingPartnershipUnits	5129960	shares
	exr	Number Of Preferred Operating Partnership Units NumberOfPreferredOperatingPartnershipUnits	5129960	shares
CY2015Q2	exr	Number Of Properties Owned By Joint Venture NumberOfPropertiesOwnedByJointVenture	19	property
	exr	Number Of Real Estate Properties Acquired NumberOfRealEstatePropertiesAcquired	45	property
CY2016Q2	exr	Number Of Real Estate Properties Franchisees And Others NumberOfRealEstatePropertiesFranchiseesAndOthers	377	store
CY2016Q2	exr	Number Of Real Estate Properties Owned And Or Managed NumberOfRealEstatePropertiesOwnedAndOrManaged	1412	store
CY2016Q2	exr	Number Of Stores Held For Sale NumberOfStoresHeldForSale	1	store
CY2016Q2	exr	Operating Partnership Units Redemption Amount OperatingPartnershipUnitsRedemptionAmount	491383000	USD
	exr	Payments For Proceeds From Notes Receivable PaymentsForProceedsFromNotesReceivable	0	USD
	exr	Payments For Proceeds From Notes Receivable PaymentsForProceedsFromNotesReceivable	10656000	USD
CY2015Q2	exr	Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty	1267000	USD
	exr	Proceeds From Notes Payable And Lines Of Credit ProceedsFromNotesPayableAndLinesOfCredit	892140000	USD
	exr	Proceeds From Notes Payable And Lines Of Credit ProceedsFromNotesPayableAndLinesOfCredit	492880000	USD
	exr	Real Estate Additions Portion Not Yet Paid RealEstateAdditionsPortionNotYetPaid	0	USD
CY2016Q2	exr	Real Estate Property Acquisition Assets Acquired Liabilities Assumed Net RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet	1996000	USD
CY2016Q2	exr	Real Estate Property Acquisition Fair Value Of Assets Acquired RealEstatePropertyAcquisitionFairValueOfAssetsAcquired	514078000	USD
CY2015Q1	exr	Real Estate Property Acquisition Notes Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest RealEstatePropertyAcquisitionNotesReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest	11009000	USD
	exr	Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest	15610000	USD
	exr	Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest	0	USD
	exr	Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital	138000	USD
	exr	Redemption Of Operating Partnership Units For Common Stock Including Additional Paid In Capital RedemptionOfOperatingPartnershipUnitsForCommonStockIncludingAdditionalPaidInCapital	829000	USD
	exr	Repayments Of Debt Instruments RepaymentsOfDebtInstruments	0	USD
	exr	Repayments Of Debt Instruments RepaymentsOfDebtInstruments	22192000	USD
	exr	Return Of Investment Real Estate Ventures ReturnOfInvestmentRealEstateVentures	0	USD
	exr	Return Of Investment Real Estate Ventures ReturnOfInvestmentRealEstateVentures	1318000	USD
	exr	Stockholders Equity Note Operating Partnership Units For Common Stock Exchange Ratio StockholdersEquityNoteOperatingPartnershipUnitsForCommonStockExchangeRatio	1
CY2015Q2	exr	Tenant Reinsurance Expense TenantReinsuranceExpense	3283000	USD
	exr	Tenant Reinsurance Expense TenantReinsuranceExpense	6211000	USD
CY2016Q2	exr	Tenant Reinsurance Expense TenantReinsuranceExpense	3941000	USD
	exr	Tenant Reinsurance Expense TenantReinsuranceExpense	8252000	USD
CY2016Q2	exr	Variable Interest Entity Interest In Consolidated Joint Ventures Number VariableInterestEntityInterestInConsolidatedJointVenturesNumber	0	joint_venture
CY2016Q2	exr	Variable Interest Entity Interest In Trust Number VariableInterestEntityInterestInTrustNumber	3	subsidiary
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	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	1267000	USD
CY2015Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	696000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1393000	USD
CY2016Q2	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1240000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	2473000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	3328000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	5617000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	-1682000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	-696000	USD
CY2015Q4	us-gaap	Assets Assets	6071407000	USD
CY2016Q2	us-gaap	Assets Assets	6458998000	USD
	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	2215231	shares
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	106522000	USD
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	56237000	USD
	us-gaap	Business Combination Consideration Transferred Including Equity Interest In Acquiree Held Prior To Combination1 BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1	469894000	USD
CY2015Q1	us-gaap	Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss	1629000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	47663000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	175893000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	75799000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	41058000	USD
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CY2016Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.59
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.06
CY2016Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.78
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.37
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	124119531	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	125238660	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	124119531	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	125238660	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	1241000	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	1252000	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	61320000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	108746000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	65138000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	118143000	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	5941000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	10558000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	6105000	USD
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	11359000	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	67261000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	119304000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	71243000	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	129502000	USD
	us-gaap	Contribution Of Property ContributionOfProperty	0	USD
	us-gaap	Contribution Of Property ContributionOfProperty	17261000	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	138000	USD
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	829000	USD
CY2015Q4	us-gaap	Convertible Debt ConvertibleDebt	623863000	USD
CY2016Q2	us-gaap	Convertible Debt ConvertibleDebt	606422000	USD
CY2015Q2	us-gaap	Cost Of Revenue CostOfRevenue	48209000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	95453000	USD
CY2016Q2	us-gaap	Cost Of Revenue CostOfRevenue	62430000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	123542000	USD
CY2015Q2	us-gaap	Costs And Expenses CostsAndExpenses	104253000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	201971000	USD
CY2016Q2	us-gaap	Costs And Expenses CostsAndExpenses	133971000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	269746000	USD
CY2016Q2	us-gaap	Credit Risk Derivative Liabilities At Fair Value CreditRiskDerivativeLiabilitiesAtFairValue	53103000	USD
CY2015Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	31552000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	61980000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	43950000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	86847000	USD
CY2016Q2	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	30	derivative
CY2015Q2	us-gaap	Direct Premiums Earned DirectPremiumsEarned	17340000	USD
	us-gaap	Direct Premiums Earned DirectPremiumsEarned	33850000	USD
CY2016Q2	us-gaap	Direct Premiums Earned DirectPremiumsEarned	21654000	USD
	us-gaap	Direct Premiums Earned DirectPremiumsEarned	42209000	USD
	us-gaap	Dividends Common Stock DividendsCommonStock	171514000	USD
CY2015Q4	us-gaap	Due From Related Parties DueFromRelatedParties	2205000	USD
CY2016Q2	us-gaap	Due From Related Parties DueFromRelatedParties	485000	USD
CY2015Q4	us-gaap	Due From Related Parties Noncurrent DueFromRelatedPartiesNoncurrent	120230000	USD
CY2016Q2	us-gaap	Due From Related Parties Noncurrent DueFromRelatedPartiesNoncurrent	120230000	USD
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.66
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.33
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.47
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.92
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.66
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.32
CY2015Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	16655000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	32904000	USD
CY2016Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20512000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	43914000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	60140000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	115517000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	90455000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	152874000	USD
CY2015Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3001000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5651000	USD
CY2016Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	3358000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	6188000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-3459000	USD
	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	-1936000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2185000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4433000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3773000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6538000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1431000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	8516000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	3857000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-402000	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	1302000	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	-1720000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2961000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1186000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3915000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3442000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	179000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-15506000	USD
	us-gaap	Interest Paid Net InterestPaidNet	59676000	USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	22811000	USD
	us-gaap	Interest Expense InterestExpense	44242000	USD
CY2016Q2	us-gaap	Interest Expense InterestExpense	32802000	USD
	us-gaap	Interest Expense InterestExpense	64161000	USD
CY2015Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	2180000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	4361000	USD
CY2016Q2	us-gaap	Interest Expense Debt InterestExpenseDebt	6107000	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	12222000	USD
CY2015Q2	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	1484000	USD
	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	2968000	USD
CY2016Q2	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	4867000	USD
	us-gaap	Interest Expense Debt Excluding Amortization InterestExpenseDebtExcludingAmortization	9749000	USD
	us-gaap	Interest Paid Net InterestPaidNet	40984000	USD
CY2015Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-2636000	USD
	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-4933000	USD
CY2016Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-4861000	USD
	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-9314000	USD
CY2016Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet	19368000	USD
CY2015Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	428000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1284000	USD
CY2016Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	1625000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	3339000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	3698803000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	4015781000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6071407000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6458998000	USD
CY2015Q4	us-gaap	Line Of Credit LineOfCredit	36000000	USD
CY2016Q2	us-gaap	Line Of Credit LineOfCredit	88000000	USD
CY2016Q2	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	4000000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	14300000	USD
CY2015Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	202834000	USD
CY2016Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	193182000	USD
CY2015Q4	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	80531000	USD
CY2016Q2	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	135167000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	128230000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-34741000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	197732000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	131581000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-252789000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-405992000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	183287000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	239670000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	55339000	USD
	us-gaap	Net Income Loss NetIncomeLoss	109081000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	165256000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	82830000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	83044000	USD
	us-gaap	Net Income Loss NetIncomeLoss	165636000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	55199000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	108822000	USD
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	58204000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	114188000	USD
CY2016Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	86957000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	173966000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	9723000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Payables Assumed1 NoncashOrPartNoncashAcquisitionPayablesAssumed1	0	USD
	us-gaap	Noncash Or Part Noncash Acquisition Payables Assumed1 NoncashOrPartNoncashAcquisitionPayablesAssumed1	9723000	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	0	USD
	us-gaap	Noncash Or Part Noncash Divestiture Amount Of Consideration Received1 NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1	7689000	USD
CY2015Q2	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	3007000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5933000	USD
CY2016Q2	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	3434000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	6614000	USD
CY2015Q4	us-gaap	Notes Payable NotesPayable	2758567000	USD
CY2016Q2	us-gaap	Notes Payable NotesPayable	2985320000	USD
CY2016Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	1035	store
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2016Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	37	store
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	81607000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	157043000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	110302000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	203930000	USD
CY2015Q2	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	161024000	USD
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	309918000	USD
CY2016Q2	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	211791000	USD
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	411279000	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	170349000	USD
CY2016Q2	us-gaap	Other Assets OtherAssets	137860000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	6305000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-288000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-18797000	USD
	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-49945000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-49945000	USD
CY2015Q4	us-gaap	Other Liabilities OtherLiabilities	80489000	USD
CY2016Q2	us-gaap	Other Liabilities OtherLiabilities	127593000	USD
CY2015Q4	us-gaap	Other Minority Interests OtherMinorityInterests	162000	USD
CY2016Q2	us-gaap	Other Minority Interests OtherMinorityInterests	161000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	123473000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	171514000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	11573000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	14300000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	3451000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	5702000	USD
CY2015Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	14438000	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	401938000	USD
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	0	USD
CY2015Q1	us-gaap	Payments To Acquire Real Estate And Real Estate Joint Ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures	1700000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	14400000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	19309000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	2592000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	2128000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	240892000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	9926000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	435298000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	313000	USD
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	-1242000	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	1267000	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	0	USD
	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	41393000	USD
	us-gaap	Proceeds From Derivative Instrument Financing Activities ProceedsFromDerivativeInstrumentFinancingActivities	0	USD
	us-gaap	Proceeds From Derivative Instrument Financing Activities ProceedsFromDerivativeInstrumentFinancingActivities	1650000	USD
CY2015Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	416611000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	416643000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	73369000	USD
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	800000	USD
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	17582000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1102000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	60956000	USD
	us-gaap	Profit Loss ProfitLoss	119592000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	90040000	USD
	us-gaap	Profit Loss ProfitLoss	179447000	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	5689309000	USD
CY2016Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	6164787000	USD
CY2015Q4	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	103007000	USD
CY2016Q2	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	99576000	USD
CY2015Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	185860000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	359014000	USD
CY2016Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	244273000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	473676000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	973656000	USD
	us-gaap	Repayments Of Debt RepaymentsOfDebt	222923000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	30738000	USD
CY2016Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	15232000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-337566000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-343444000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2795000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4093000	USD
CY2016Q2	us-gaap	Share Price SharePrice	92.54
CY2015Q2	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	68.15
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	73369000	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	313000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	2089077000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	2114707000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2372604000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	380000	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132152519	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116861678	shares
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2443217000	USD
	us-gaap	Transfer Of Investments TransferOfInvestments	0	USD
	us-gaap	Transfer Of Investments TransferOfInvestments	17261000	USD
CY2015Q2	us-gaap	Undistributed Earnings UndistributedEarnings	140000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	259000	USD
CY2016Q2	us-gaap	Undistributed Earnings UndistributedEarnings	214000	USD
CY2015Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
CY2016Q2	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	0	USD
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	380000	USD
CY2015Q2	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	3417000	USD
	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	-5458000	USD
CY2016Q2	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	-23655000	USD
	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	-58616000	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	124475890	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	123477241	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	132025915	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	116491710	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124914467	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	124678293	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font></div><div style="line-height:120%;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Extra Space Storage Inc. (the “Company”) is a fully-integrated, self-administered and self-managed real estate investment trust (“REIT”), formed as a Maryland corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage properties (“stores”) 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’s interests in its stores is held through its operating partnership, Extra Space Storage LP (the “Operating Partnership”), which was formed on May 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. 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></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invests in stores by acquiring wholly-owned stores or by acquiring an equity interest in real estate entities. At </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company had direct and indirect equity interests in </font><font style="font-family:inherit;font-size:10pt;">1,035</font><font style="font-family:inherit;font-size:10pt;"> stores. In addition, the Company managed </font><font style="font-family:inherit;font-size:10pt;">377</font><font style="font-family:inherit;font-size:10pt;"> stores for third parties, bringing the total number of stores which it owns and/or manages to </font><font style="font-family:inherit;font-size:10pt;">1,412</font><font style="font-family:inherit;font-size:10pt;">. These stores are located in </font><font style="font-family:inherit;font-size:10pt;">37</font><font style="font-family:inherit;font-size:10pt;"> states, Washington, D.C. and Puerto Rico.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) 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 </font><font style="font-family:inherit;font-size:10pt;">5.0%</font><font style="font-family:inherit;font-size:10pt;"> of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s stores. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling stores.</font></div></div>

Files In Submission

Name	View Source	Status
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0001628280-16-018631.txt	Edgar Link	pending
0001628280-16-018631-xbrl.zip	Edgar Link	pending
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$EXR
Extra Space Storage Inc. Stock $exr

2016 Q2 Form 10-Q Financial Statement

#000162828016018631 Filed on August 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR Extra Space Storage Inc. Stock $exr

2016 Q2 Form 10-Q Financial Statement

#000162828016018631 Filed on August 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR
Extra Space Storage Inc. Stock $exr