Quarterly report pursuant to Section 13 or 15(d)

SELF STORAGE PROPERTIES

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SELF STORAGE PROPERTIES
 6 Months Ended
Jun. 30, 2022
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
June 30, 2022 December 31, 2021
Land $ 1,059,231  $ 1,028,431 
Buildings and improvements 4,947,321  4,760,567 
Furniture and equipment 10,147  9,190 
Total self storage properties 6,016,699  5,798,188 
Less accumulated depreciation (672,208) (578,717)
Self storage properties, net $ 5,344,491  $ 5,219,471 
Depreciation expense related to self storage properties amounted to $47.8 million and $31.5 million during the three months ended June 30, 2022 and 2021, respectively and $94.5 million and $60.9 million during the six months ended June 30, 2022 and 2021, respectively.