Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Rental income $ 128,818 $ 124,044 $ 376,334 $ 363,284
Other operating income 12,665 11,524 36,251 33,389
Total operating revenues 141,483 135,568 412,585 396,673
Expenses        
Property operations and maintenance 30,316 32,662 90,551 92,178
Real estate taxes 15,450 14,498 46,512 43,431
General and administrative 11,742 10,914 35,513 38,309
Payments for rent 141 141 424 283
Depreciation and amortization 27,291 26,149 76,839 101,896
Total operating expenses 84,940 84,364 249,839 276,097
Income from operations 56,543 51,204 162,746 120,576
Other income (expenses)        
Interest expense (17,923) (16,290) (52,645) (47,216)
Interest income 2 1 8 4
Gain on sale of storage facilities 925   925  
Gain on sale of real estate 718   718  
Equity in income of joint ventures 1,046 752 3,066 2,259
Net income 41,311 35,667 114,818 75,623
Net income attributable to noncontrolling interest in the Operating Partnership (191) (171) (535) (343)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0 0 0
Net income attributable to common shareholders/unitholders $ 41,120 $ 35,496 $ 114,283 $ 75,280
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.88 $ 0.76 $ 2.46 $ 1.62
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.88 $ 0.76 $ 2.45 $ 1.62
Common shares/units used in basic earnings per share/unit calculation 46,526,362 46,415,782 46,486,587 46,361,747
Common shares/units used in diluted earnings per share/unit calculation 46,627,968 46,520,311 46,580,331 46,472,294
Dividends/distributions declared per common share/unit $ 1.00 $ 1.00 $ 3.00 $ 2.95
Life Storage LP [Member]        
Revenues        
Rental income $ 128,818 $ 124,044 $ 376,334 $ 363,284
Other operating income 12,665 11,524 36,251 33,389
Total operating revenues 141,483 135,568 412,585 396,673
Expenses        
Property operations and maintenance 30,316 32,662 90,551 92,178
Real estate taxes 15,450 14,498 46,512 43,431
General and administrative 11,742 10,914 35,513 38,309
Payments for rent 141 141 424 283
Depreciation and amortization 27,291 26,149 76,839 101,896
Total operating expenses 84,940 84,364 249,839 276,097
Income from operations 56,543 51,204 162,746 120,576
Other income (expenses)        
Interest expense (17,923) (16,290) (52,645) (47,216)
Interest income 2 1 8 4
Gain on sale of storage facilities 925   925  
Gain on sale of real estate 718   718  
Equity in income of joint ventures 1,046 752 3,066 2,259
Net income 41,311 35,667 114,818 75,623
Net income attributable to noncontrolling interest in the Operating Partnership (191) (171) (535) (343)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0 0 0
Net income attributable to common shareholders/unitholders $ 41,120 $ 35,496 $ 114,283 $ 75,280
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.88 $ 0.76 $ 2.46 $ 1.62
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.88 $ 0.76 $ 2.45 $ 1.62
Common shares/units used in basic earnings per share/unit calculation 46,526,362 46,415,782 46,486,587 46,361,747
Common shares/units used in diluted earnings per share/unit calculation 46,627,968 46,520,311 46,580,331 46,472,294
Dividends/distributions declared per common share/unit $ 1.00 $ 1.00 $ 3.00 $ 2.95
Net income attributable to general partner $ 413 $ 357 $ 1,148 $ 756
Net income attributable to limited partners $ 40,707 $ 35,139 $ 113,135 $ 74,524