Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Rental income $ 163,096 $ 128,828 $ 313,379 $ 257,736
Other operating income 24,166 18,185 45,770 36,220
Total operating revenues 187,262 147,013 359,149 293,956
Expenses        
Property operations and maintenance 38,794 32,247 77,315 65,097
Real estate taxes 20,510 17,614 40,397 35,022
General and administrative 15,083 12,223 29,266 25,129
Depreciation and amortization 35,771 28,987 69,130 57,317
Total operating expenses 110,158 91,071 216,108 182,565
Gain on sale of real estate 0 0 0 302
Income from operations 77,104 55,942 143,041 111,693
Other income (expenses)        
Interest expense (20,774) (20,266) (41,119) (40,513)
Interest and dividend income 7 2 786 7
Equity in income of joint ventures 1,428 970 2,649 2,086
Net income 57,765 36,648 105,357 73,273
Net income attributable to noncontrolling interest in the Operating Partnership (249) (191) (459) (383)
Net income attributable to common shareholders/unitholders $ 57,516 $ 36,457 $ 104,898 $ 72,890
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.75 $ 0.52 $ 1.38 $ 1.04
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.74 $ 0.52 $ 1.37 $ 1.04
Common shares/units used in basic earnings per share/unit calculation 77,057,520 70,267,332 76,222,426 70,141,595
Common shares/units used in diluted earnings per share/unit calculation 77,219,999 70,359,207 76,365,100 70,242,776
Dividends/distributions declared per common share/unit $ 0.74 $ 0.71 $ 1.48 $ 1.43
Life Storage LP [Member]        
Revenues        
Rental income $ 163,096 $ 128,828 $ 313,379 $ 257,736
Other operating income 24,166 18,185 45,770 36,220
Total operating revenues 187,262 147,013 359,149 293,956
Expenses        
Property operations and maintenance 38,794 32,247 77,315 65,097
Real estate taxes 20,510 17,614 40,397 35,022
General and administrative 15,083 12,223 29,266 25,129
Depreciation and amortization 35,771 28,987 69,130 57,317
Total operating expenses 110,158 91,071 216,108 182,565
Gain on sale of real estate 0 0 0 302
Income from operations 77,104 55,942 143,041 111,693
Other income (expenses)        
Interest expense (20,774) (20,266) (41,119) (40,513)
Interest and dividend income 7 2 786 7
Equity in income of joint ventures 1,428 970 2,649 2,086
Net income 57,765 36,648 105,357 73,273
Net income attributable to noncontrolling interest in the Operating Partnership (249) (191) (459) (383)
Net income attributable to common shareholders/unitholders $ 57,516 $ 36,457 $ 104,898 $ 72,890
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.75 $ 0.52 $ 1.38 $ 1.04
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.74 $ 0.52 $ 1.37 $ 1.04
Common shares/units used in basic earnings per share/unit calculation 77,057,520 70,267,332 76,222,426 70,141,595
Common shares/units used in diluted earnings per share/unit calculation 77,219,999 70,359,207 76,365,100 70,242,776
Dividends/distributions declared per common share/unit $ 0.74 $ 0.71 $ 1.48 $ 1.43
Net income attributable to general partner $ 578 $ 366 $ 1,054 $ 733
Net income attributable to limited partners $ 56,938 $ 36,091 $ 103,844 $ 72,157