Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Rental income $ 124,146 $ 121,624
Other operating income 12,376 11,470
Total operating revenues 136,522 133,094
Expenses    
Property operations and maintenance 31,161 30,449
Real estate taxes 16,092 15,419
General and administrative 12,337 12,044
Payments for rent 141 141
Depreciation and amortization 26,227 24,764
Total operating expenses 85,958 82,817
Gain on sale of real estate 1,076  
Income from operations 51,640 50,277
Other income (expenses)    
Interest expense (17,819) (17,204)
Interest income 5 4
Equity in income of joint ventures 811 972
Net income 34,637 34,049
Net income attributable to noncontrolling interest in the Operating Partnership (183) (160)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0
Net income attributable to common shareholders/unitholders $ 34,454 $ 33,889
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.74 $ 0.73
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.74 $ 0.73
Common shares/units used in basic earnings per share/unit calculation 46,564,846 46,452,492
Common shares/units used in diluted earnings per share/unit calculation 46,636,700 46,536,672
Dividends/distributions declared per common share/unit $ 1.00 $ 1.00
Life Storage LP [Member]    
Revenues    
Rental income $ 124,146 $ 121,624
Other operating income 12,376 11,470
Total operating revenues 136,522 133,094
Expenses    
Property operations and maintenance 31,161 30,449
Real estate taxes 16,092 15,419
General and administrative 12,337 12,044
Payments for rent 141 141
Depreciation and amortization 26,227 24,764
Total operating expenses 85,958 82,817
Gain on sale of real estate 1,076  
Income from operations 51,640 50,277
Other income (expenses)    
Interest expense (17,819) (17,204)
Interest income 5 4
Equity in income of joint ventures 811 972
Net income 34,637 34,049
Net income attributable to noncontrolling interest in the Operating Partnership (183) (160)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0
Net income attributable to common shareholders/unitholders $ 34,454 $ 33,889
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.74 $ 0.73
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.74 $ 0.73
Common shares/units used in basic earnings per share/unit calculation 46,564,846 46,452,492
Common shares/units used in diluted earnings per share/unit calculation 46,636,700 46,536,672
Dividends/distributions declared per common share/unit $ 1.00 $ 1.00
Net income attributable to general partner $ 346 $ 340
Net income attributable to limited partners $ 34,108 $ 33,549