Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity and Partners' Capital

v3.22.0.1
Consolidated Statements of Shareholders' Equity and Partners' Capital - USD ($)
$ in Thousands
Total
Common Stock Shares [Member]
Additional Paid-in Capital [Member]
Dividends in Excess of Net Income [Member]
Accumulated Other Comprehensive Income (Loss) (AOCL) [Member]
Life Storage LP [Member]
Life Storage LP [Member]
Accumulated Other Comprehensive Income (Loss) (AOCL) [Member]
Life Storage LP [Member]
Life Storage Holdings, Inc. General Partner [Member]
Life Storage LP [Member]
Life Storage, Inc. Limited Partner [Member]
Redeemable Preferred Stock [Member]
Life Storage LP [Member]
Life Storage Holdings, Inc. General Partner [Member]
Redeemable Preferred Stock [Member]
Life Storage LP [Member]
Life Storage, Inc. Limited Partner [Member]
Redeemable Common Stock [Member]
Life Storage LP [Member]
Life Storage Holdings, Inc. General Partner [Member]
Redeemable Common Stock [Member]
Life Storage LP [Member]
Life Storage, Inc. Limited Partner [Member]
Beginning Balance, value at Dec. 31, 2018 $ 2,057,737 $ 466 $ 2,372,157 $ (308,011) $ (6,875)                
Beginning Balance, shares at Dec. 31, 2018   69,926,161                      
Beginning Balance, value at Dec. 31, 2018           $ 2,057,737 $ (6,875) $ 20,816 $ 2,043,796        
Exercise of stock options $ 376   376     376   4 372        
Exercise of stock options, shares 9,750 9,750                      
Purchase of outstanding shares, shares 0                        
Net proceeds from issuance of common stock/Operating Partnership Units, shares 0                        
Issuance of non-vested stock   $ 1 (1)                    
Issuance of non-vested stock, shares   80,180                      
Forfeiture of non-vested stock, shares   (2,192)                      
Earned portion of non-vested stock $ 4,192   4,192     4,192   42 4,150        
Carrying value less than redemption value on redeemed noncontrolling interest (1)   (1)     (1)   (2) 1        
Adjustment to redemption value of noncontrolling redeemable Operating Partnership Units (2,455)     (2,455)   (2,455)     (2,455)        
Net income attributable to common shareholders/unitholders 258,699     258,699   258,699   2,601 256,098        
Amortization of terminated hedge included in AOCL 917       917 917 917 9 (9)        
Dividends / Distributions (186,571)     (186,571)   (186,571)   (1,876) (184,695)        
Ending Balance, value at Dec. 31, 2019 $ 2,132,894 $ 467 2,376,723 (238,338) (5,958)                
Ending balance, shares at Dec. 31, 2019   70,013,899                      
Ending Balance, value at Dec. 31, 2019           2,132,894 (5,958) 21,594 2,117,258        
Exercise of stock options, shares 0                        
Purchase of outstanding shares, shares 0                        
Net proceeds from issuance of common stock/Operating Partnership Units $ 295,962 $ 27 295,935     295,962   2,960 293,002        
Net proceeds from issuance of common stock/Operating Partnership Units, shares 0 4,091,666                      
Issuance of non-vested stock   $ 1 (1)                    
Issuance of non-vested stock, shares   113,829                      
Forfeiture of non-vested stock, shares   (7,474)                      
Earned portion of non-vested stock $ 4,559   4,559     4,559   46 4,513        
Carrying value less than redemption value on redeemed noncontrolling interest (264)   (264)     (264)   (28) (236)        
Adjustment to redemption value of noncontrolling redeemable Operating Partnership Units (2,884)     (2,884)   (2,884)     (2,884)        
Deferred compensation - Directors (2,300)   (5,641) 3,341   (2,300)   (23) (2,277)        
Net income attributable to common shareholders/unitholders 151,571     151,571   151,571   1,521 150,050        
Amortization of terminated hedge included in AOCL 917       917 917 917 9 (9)        
Dividends / Distributions (202,357)     (202,357)   (202,357)   (2,034) (200,323)        
Ending Balance, value at Dec. 31, 2020 $ 2,378,098 $ 495 2,671,311 (288,667) (5,041)                
Ending balance, shares at Dec. 31, 2020 74,211,920 74,211,920                      
Ending Balance, value at Dec. 31, 2020           2,378,098 (5,041) 24,045 2,359,094        
Exercise of stock options, shares 0                        
Issuance of operating partnership units                   $ 898 $ (898) $ 829 $ (829)
Net proceeds from issuance of common stock/Operating Partnership Units $ 1,019,357 $ 88 1,019,269     1,019,357   10,194 1,009,163        
Net proceeds from issuance of common stock/Operating Partnership Units, shares   9,244,736                      
Issuance of non-vested stock   $ 1 (1)                    
Issuance of non-vested stock, shares   109,112                      
Earned portion of non-vested stock 6,604   6,604     6,604   66 6,538        
Stock dividend   $ 252 (252)                    
Stock dividend, shares   (58)                      
Carrying value less than redemption value on redeemed noncontrolling interest (48)   (48)     (48)   (8) (40)        
Adjustment to redemption value of noncontrolling redeemable Operating Partnership Units (34,163)     (34,163)   (34,163)     (34,163)        
Deferred compensation - Directors 117   117     117   1 116        
Net income attributable to common shareholders/unitholders 249,317     249,317   249,317   2,522 246,795        
Amortization of terminated hedge included in AOCL 917       917 917 917 9 (9)        
Dividends / Distributions (241,200)     (241,200)   (241,200)   (2,424) (238,776)        
Ending Balance, value at Dec. 31, 2021 $ 3,378,999 $ 836 $ 3,697,000 $ (314,713) $ (4,124)                
Ending balance, shares at Dec. 31, 2021 83,565,710 83,565,710                      
Ending Balance, value at Dec. 31, 2021           $ 3,378,999 $ (4,124) $ 36,132 $ 3,346,991