| Reconciliation of Changes in Total Partners' Capital |
The following is a reconciliation of the changes in total partners’ capital for the six months ended June 30, 2020:
|
(dollars in thousands)
|
|
Life Storage
Holdings, Inc.
General
Partner
|
|
|
Life Storage,
Inc. Limited
Partner
|
|
|
Accumulated
Other
Comprehensive
Income (Loss)
|
|
|
Total
Controlling
Partners’
Capital
|
|
|
Balance December 31, 2019
|
|
$
|
21,594
|
|
|
$
|
2,117,258
|
|
|
$
|
(5,958
|
)
|
|
$
|
2,132,894
|
|
|
Net proceeds from issuance of Operating Partnership Units
|
|
|
212
|
|
|
|
21,254
|
|
|
|
—
|
|
|
|
21,466
|
|
|
Earned portion of non-vested stock
|
|
|
11
|
|
|
|
1,113
|
|
|
|
—
|
|
|
|
1,124
|
|
|
Adjustment to redemption value on noncontrolling
redeemable Operating Partnership Units
|
|
|
—
|
|
|
|
5,542
|
|
|
|
—
|
|
|
|
5,542
|
|
|
Net income attributable to common unitholders
|
|
|
366
|
|
|
|
36,067
|
|
|
|
—
|
|
|
|
36,433
|
|
|
Amortization of terminated hedge included in AOCL
|
|
|
2
|
|
|
|
(2
|
)
|
|
|
229
|
|
|
|
229
|
|
|
Distributions
|
|
|
(502
|
)
|
|
|
(49,467
|
)
|
|
|
—
|
|
|
|
(49,969
|
)
|
|
Balance March 31, 2020
|
|
|
21,683
|
|
|
|
2,131,765
|
|
|
|
(5,729
|
)
|
|
|
2,147,719
|
|
|
Earned portion of non-vested stock
|
|
|
11
|
|
|
|
1,060
|
|
|
|
—
|
|
|
|
1,071
|
|
|
Adjustment to redemption value on noncontrolling
redeemable Operating Partnership Units
|
|
|
—
|
|
|
|
(2,609
|
)
|
|
|
—
|
|
|
|
(2,609
|
)
|
|
Net income attributable to common unitholders
|
|
|
366
|
|
|
|
36,091
|
|
|
|
—
|
|
|
|
36,457
|
|
|
Amortization of terminated hedge included in AOCL
|
|
|
2
|
|
|
|
(2
|
)
|
|
|
229
|
|
|
|
229
|
|
|
Distributions
|
|
|
(504
|
)
|
|
|
(49,682
|
)
|
|
|
—
|
|
|
|
(50,186
|
)
|
|
Balance June 30, 2020
|
|
$
|
21,558
|
|
|
$
|
2,116,623
|
|
|
$
|
(5,500
|
)
|
|
$
|
2,132,681
|
|
The following is a reconciliation of the changes in total partners’ capital for the six months ended June 30, 2019:
|
(dollars in thousands)
|
|
Life Storage
Holdings, Inc.
General
Partner
|
|
|
Life Storage,
Inc. Limited
Partner
|
|
|
Accumulated
Other
Comprehensive
Income (Loss)
|
|
|
Total
Controlling
Partners’
Capital
|
|
|
Balance December 31, 2018
|
|
$
|
20,816
|
|
|
$
|
2,043,796
|
|
|
$
|
(6,875
|
)
|
|
$
|
2,057,737
|
|
|
Earned portion of non-vested stock
|
|
|
14
|
|
|
|
1,382
|
|
|
|
—
|
|
|
|
1,396
|
|
|
Adjustment to redemption value on noncontrolling
redeemable Operating Partnership Units
|
|
|
—
|
|
|
|
(294
|
)
|
|
|
—
|
|
|
|
(294
|
)
|
|
Net income attributable to common unitholders
|
|
|
347
|
|
|
|
34,107
|
|
|
|
—
|
|
|
|
34,454
|
|
|
Amortization of terminated hedge included in AOCL
|
|
|
2
|
|
|
|
(2
|
)
|
|
|
229
|
|
|
|
229
|
|
|
Distributions
|
|
|
(469
|
)
|
|
|
(46,162
|
)
|
|
|
—
|
|
|
|
(46,631
|
)
|
|
Balance March 31, 2019
|
|
|
20,710
|
|
|
|
2,032,827
|
|
|
|
(6,646
|
)
|
|
|
2,046,891
|
|
|
Earned portion of non-vested stock
|
|
|
9
|
|
|
|
831
|
|
|
|
—
|
|
|
|
840
|
|
|
Adjustment to redemption value on noncontrolling
redeemable Operating Partnership Units
|
|
|
—
|
|
|
|
(150
|
)
|
|
|
—
|
|
|
|
(150
|
)
|
|
Net income attributable to common unitholders
|
|
|
409
|
|
|
|
40,333
|
|
|
|
—
|
|
|
|
40,742
|
|
|
Amortization of terminated hedge included in AOCL
|
|
|
2
|
|
|
|
(2
|
)
|
|
|
229
|
|
|
|
229
|
|
|
Distributions
|
|
|
(469
|
)
|
|
|
(46,163
|
)
|
|
|
—
|
|
|
|
(46,632
|
)
|
|
Balance June 30, 2019
|
|
$
|
20,661
|
|
|
$
|
2,027,676
|
|
|
$
|
(6,417
|
)
|
|
$
|
2,041,920
|
|
|