Property Dispositions |
6 Months Ended |
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Jun. 30, 2026 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Property Dispositions | Property Dispositions 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.
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