| Schedule of Real Estate Activities |
Activity in real estate facilities during the six months ended June 30, 2025 is as follows: | | | | | | | | | | | Six Months Ended June 30, 2025 | | | | | | | | | | | (Amounts in thousands) | | Operating facilities, at cost: | | | | | | | Beginning balance | $ | 28,478,738 | | | | | | | Capital expenditures to maintain real estate facilities | 85,555 | | | | | | | | | | | | | Capital expenditures for energy efficiencies (LED lighting, solar) | 31,202 | | | | | | | Acquisitions | 288,227 | | | | | | | | | | | | | Transfers, dispositions, and retirements, net | 19,564 | | | | | | | Developed or expanded facilities opened for operation | 208,406 | | | | | | | | | | | | | Ending balance | 29,111,692 | | | | | | | Accumulated depreciation: | | | | | | | Beginning balance | (10,426,186) | | | | | | | Depreciation expense | (514,075) | | | | | | | Dispositions and retirements | 2,095 | | | | | | | Ending balance | (10,938,166) | | | | | | | Construction in process: | | | | | | | Beginning balance | 308,101 | | | | | | | Costs incurred to develop and expand real estate facilities | 160,172 | | | | | | | | | | | | | Write-off of cancelled projects and transfer to other assets | (2,572) | | | | | | | Developed or expanded facilities opened for operation | (208,406) | | | | | | | Ending balance | 257,295 | | | | | | Total real estate facilities at June 30, 2025 | $ | 18,430,821 | | | | | |
|