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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
September 9, 2020
Date of Report (Date of Earliest Event Reported)
 
 
LIFE STORAGE, INC.
LIFE STORAGE LP
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
 
Maryland
 
1-13820
  
16-1194043
(Life Storage, Inc.)
    
Delaware
(Life Storage LP)
  
0-24071
  
16-1481551
(State or Other Jurisdiction
Of Incorporation)
  
(Commission
File Number)
  
(I.R.S. Employer
Identification Number)
6467 Main Street
Williamsville, New York 14221
(Address of Principal Executive Offices)
(716) 633-1850
(Registrants’ Telephone Number, Including Area Code)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (
see
General Instruction A.2. below):
 
  ☐
Written Communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
  ☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
  ☐
Pre-commencement communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
  ☐
Pre-commencement communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Life Storage, Inc.:
 
Title of each class
   
Trading
Symbol(s)
   
Name of each exchange
on which registered
Common Stock, $.01 par value
   
LSI
   
New York Stock Exchange
Life Storage LP:
 
Title of each class
   
Trading
Symbol(s)
   
Name of each exchange
on which registered
     
            
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of
the Securities Exchange Act of
1934 (§240.12b-2 of
this chapter).
Life Storage, Inc.:
Emerging growth company  ☐
Life Storage LP:
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Life Storage, Inc.  ☐
Life Storage LP  ☐
 
 
 
Item 8.01.
Other Matters.
On September 9, 2020, in a preliminary prospectus supplement filed with the Securities and Exchange Commission in connection with a public offering of senior unsecured notes, Life Storage, Inc. and Life Storage LP, provided the following updated portfolio operating statistics for August 2020: Same store occupancy at August 31, 2020 was 93.0% compared to 90.5% at August 31, 2019. Had auction processes not been curtailed due to the
COVID-19
global health crisis, same store occupancy would have been approximately 92.4% at August 31, 2020. Same
store move-ins
were 11% higher in August 2020 than in August 2019, while same store move-outs were 7% lower during the same time period.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrants have duly caused this Report to be signed on their behalf by the undersigned, thereunto duly authorized.
 
   
LIFE STORAGE, INC.
Date: September 9, 2020    
    By  
/s/Andrew J. Gregoire                
    Name:   Andrew J. Gregoire
    Title:   Chief Financial Officer
   
LIFE STORAGE LP
Date: September 9, 2020    
    By: LIFE STORAGE HOLDINGS, INC., as General Partner
    By  
/s/Andrew J. Gregoire                
    Name:   Andrew J. Gregoire
    Title:   Chief Financial Officer