Life Storage, Inc. Announces Dividend on Common Stock

October 3, 2017

Dateline:

BUFFALO, N.Y.

Public Company Information:

NYSE:
LSI
US53223X1072

BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today the Company’s quarterly common stock dividend of $1.00 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.00 per share which, based on yesterday's closing share price equates to an annual rate of approximately 4.9%. The dividend will be paid on October 26, 2017 to shareholders of record on October 13, 2017.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. The Company operates more than 700 self storage facilities in 29 states. For more information, visit http://invest.lifestorage.com/.

Contact:

For Life Storage, Inc.
Diane Piegza, Vice President
Investor Relations and Community Affairs
716-650-6115