Annual report pursuant to Section 13 and 15(d)

Supplementary Quarterly Financial Data (Unaudited) (Tables)

v3.10.0.1
Supplementary Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations

The following is a summary of quarterly results of Life Storage, Inc. operations for the years ended December 31, 2018 and 2017 (dollars in thousands, except per share data):

 

 

 

2018 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

133,094

 

 

$

138,008

 

 

$

141,483

 

 

$

138,265

 

Net income

 

 

34,049

 

 

 

39,457

 

 

 

41,311

 

 

 

92,740

 

Net income attributable to common shareholders

 

 

33,889

 

 

 

39,274

 

 

 

41,120

 

 

 

92,307

 

Net income per share attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

0.84

 

 

$

0.88

 

 

$

1.98

 

Diluted

 

$

0.73

 

 

$

0.84

 

 

$

0.88

 

 

$

1.98

 

 

 

 

2017 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

128,320

 

 

$

132,784

 

 

$

135,568

 

 

$

133,078

 

Net income

 

 

20,525

 

 

 

19,432

 

 

 

35,667

 

 

 

21,185

 

Net income attributable to common shareholders

 

 

20,429

 

 

 

19,355

 

 

 

35,496

 

 

 

21,085

 

Net income per share attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.44

 

 

$

0.42

 

 

$

0.76

 

 

$

0.45

 

Diluted

 

$

0.44

 

 

$

0.42

 

 

$

0.76

 

 

$

0.45

 

 

The following is a summary of quarterly results of Life Storage LP operations for the years ended December 31, 2018 and 2017 (dollars in thousands, except per unit data):

 

 

 

2018 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

133,094

 

 

$

138,008

 

 

$

141,483

 

 

$

138,265

 

Net income

 

 

34,049

 

 

 

39,457

 

 

 

41,311

 

 

 

92,740

 

Net income attributable to common unitholders

 

 

33,889

 

 

 

39,274

 

 

 

41,120

 

 

 

92,307

 

Net income per unit attributable to common unitholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

0.84

 

 

$

0.88

 

 

$

1.98

 

Diluted

 

$

0.73

 

 

$

0.84

 

 

$

0.88

 

 

$

1.98

 

 

 

 

2017 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

128,320

 

 

$

132,784

 

 

$

135,568

 

 

$

133,078

 

Net income

 

 

20,525

 

 

 

19,432

 

 

 

35,667

 

 

 

21,185

 

Net income attributable to common unitholders

 

 

20,429

 

 

 

19,355

 

 

 

35,496

 

 

 

21,085

 

Net income per unit attributable to common unitholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.44

 

 

$

0.42

 

 

$

0.76

 

 

$

0.45

 

Diluted

 

$

0.44

 

 

$

0.42

 

 

$

0.76

 

 

$

0.45