v3.26.1
Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions and Dispositions ACQUISITIONS AND DISPOSITIONS
The following table shows the Company’s acquisitions of stores for the three months ended March 31, 2026 and 2025. The table excludes purchases of raw land and improvements made to existing assets. All store acquisitions are considered asset acquisitions under ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business.”
PeriodNumber of StoresCash PaidLoans AssumedBridge Loan PayoffFair Value Adjustment of Debt AssumedInvestments in Real Estate VenturesNet Liabilities/ (Assets) AssumedValue of Equity IssuedTotal
Real Estate Assets
Q1 20261$12,360 $— $— $— $— $148 $— $12,508 
Q1 202517$117,075 $— $18,950 $— $105,471 $847 $5,878 $248,221 
Disposition and Held for Sale Activity
The following table presents the Company’s disposition and held for sale activity for the periods indicated:
Carrying Value of Assets Held for Sale(Gain) / Loss RecognizedNumber of Stores
2026 Activity
Q1 2026 beginning balance$27,140 $— 
Additions— — — 
Disposals(6,421)— (1)
Q1 2026 ending balance$20,719 $— 
2025 Activity
Q1 2025 beginning balance$103,756 $— 13 
Additions8,019 3,759 
Disposals(83,537)(39,520)(11)
Q1 2025 ending balance$28,238 $(35,761)
The net gain for the three months ended March 31, 2025 is shown on the Company’s condensed consolidated statements of operations as gain on real estate assets held for sale and sold, net. Assets held for sale are included in real estate assets, net, as well as in the self-storage operations segment of the Company’s segment information.