v3.26.1
Property Dispositions
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Property Dispositions Property Dispositions
 
All property dispositions are also discussed in Note 4 and Note 5.

2026 During the three and six months ended June 30, 2026, we sold nine and 28 properties, respectively, for total proceeds, net of selling costs, of $76.0 million and $232.7 million, respectively, and recognized a net gain on these sales totaling $5.8 million and $60.0 million, respectively (inclusive of income taxes totaling $0.5 million and $1.0 million, respectively, recognized upon sale).

This disposition activity for the six months ended June 30, 2026 includes the sale of our 11 remaining self-storage operating properties for total proceeds, net of selling costs, of $73.0 million, resulting in a net gain on these sales totaling $28.7 million.

In connection with the sale of a property in Japan in April 2026, and in accordance with ASC 830-30-40, Foreign Currency Matters, we reclassified an aggregate of $5.5 million of net foreign currency translation losses from Accumulated other comprehensive loss to Gain on sale of real estate, net (as a decrease to Gain on sale of real estate, net), since the sale represented a disposal of our final investment denominated in Japanese yen (Note 12).

2025 During the three and six months ended June 30, 2025, we sold 46 and 55 properties, respectively, for total proceeds, net of selling costs, of $360.6 million and $487.3 million, respectively, and recognized a net gain on these sales totaling $52.8 million and $96.6 million, respectively (inclusive of income taxes totaling $5.1 million and $5.0 million, respectively, recognized upon sale).

This disposition activity for both the three and six months ended June 30, 2025 includes the sale of ten self-storage operating properties for total proceeds, net of selling costs, of $110.4 million, resulting in a net gain on these sales totaling $13.9 million.