v3.26.1
Acquisitions and Dispositions
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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
Q2 202617$86,804 $— $— $— $— $410 $— $87,214 
Q1 2026112,360 — — — — 148 — 12,508 
Total 202618$99,164 $— $— $— $— $558 $— $99,722 
Q2 202528$161,738 $258,000 $— $(10,049)$34,767 $4,472 $— $448,928 
Q1 202517117,075 — 18,950 — 105,471 847 5,878 248,221 
Total 202545$278,813 $258,000 $18,950 $(10,049)$140,238 $5,319 $5,878 $697,149 
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 $— 5 
Additions— — — 
Disposals(6,421)— (1)
Q1 2026 ending balance$20,719 $— 4 
Additions7,561 — 2 
Disposals— — — 
Q2 2026 ending balance$28,280 $— 6 
2025 Activity
Q1 2025 beginning balance$103,756 $— 13 
Additions8,019 3,759 3 
Disposals(83,537)(39,520)(11)
Q1 2025 ending balance$28,238 $(35,761)5 
Additions— — — 
Disposals(9,440)864 (1)
Q2 2025 ending balance$18,798 $(34,897)4 
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.