Annual report pursuant to Section 13 and 15(d)

Supplementary Quarterly Financial Data (Unaudited) (Tables)

v3.22.0.1
Supplementary Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 (dollars in thousands, except per share data):

 

 

 

2021 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

171,887

 

 

$

187,262

 

 

$

208,256

 

 

$

221,159

 

Net income

 

 

47,592

 

 

 

57,765

 

 

 

71,051

 

 

 

75,767

 

Net income attributable to common shareholders

 

 

47,383

 

 

 

57,516

 

 

 

70,274

 

 

 

74,145

 

Net income per share attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.63

 

 

$

0.75

 

 

$

0.89

 

 

$

0.90

 

Diluted

 

$

0.63

 

 

$

0.74

 

 

$

0.89

 

 

$

0.90

 

 

 

 

2020 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

146,943

 

 

$

147,013

 

 

$

156,310

 

 

$

166,505

 

Net income

 

 

36,625

 

 

 

36,648

 

 

 

37,288

 

 

 

41,799

 

Net income attributable to common shareholders

 

 

36,433

 

 

 

36,457

 

 

 

37,095

 

 

 

41,586

 

Net income per share attributable to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

 

$

0.52

 

 

$

0.52

 

 

$

0.57

 

Diluted

 

$

0.52

 

 

$

0.52

 

 

$

0.52

 

 

$

0.57

 

 

 

The following is a summary of quarterly results of Life Storage LP operations for the years ended December 31, 2021 and 2020 (dollars in thousands, except per unit data):

 

 

 

2021 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

171,887

 

 

$

187,262

 

 

$

208,256

 

 

$

221,159

 

Net income

 

 

47,592

 

 

 

57,765

 

 

 

71,051

 

 

 

75,767

 

Net income attributable to common unitholders

 

 

47,383

 

 

 

57,516

 

 

 

70,274

 

 

 

74,145

 

Net income per unit attributable to common unitholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.63

 

 

$

0.75

 

 

$

0.89

 

 

$

0.90

 

Diluted

 

$

0.63

 

 

$

0.74

 

 

$

0.89

 

 

$

0.90

 

 

 

 

2020 Quarter Ended

 

 

 

Mar. 31

 

 

Jun. 30

 

 

Sept. 30

 

 

Dec. 31

 

Operating revenue

 

$

146,943

 

 

$

147,013

 

 

$

156,310

 

 

$

166,505

 

Net income

 

 

36,625

 

 

 

36,648

 

 

 

37,288

 

 

 

41,799

 

Net income attributable to common unitholders

 

 

36,433

 

 

 

36,457

 

 

 

37,095

 

 

 

41,586

 

Net income per unit attributable to common unitholders

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

 

$

0.52

 

 

$

0.52

 

 

$

0.57

 

Diluted

 

$

0.52

 

 

$

0.52

 

 

$

0.52

 

 

$

0.57