Life Storage, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Recent Accounting Pronouncements (Policies)
Notes Tables
Notes Details

Subsequent Events - Additional Information (Detail)

v3.22.1

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended
	Apr. 26, 2022 USD ($)	Apr. 04, 2022 USD ($)	Apr. 01, 2022 USD ($) Property $ / shares	Apr. 30, 2022 USD ($) Property shares	Mar. 31, 2022 USD ($) Property	Mar. 31, 2021 Property
Subsequent Event [Line Items]
Number of storage facilities acquired \| Property					18	16
Purchase Price					$ 351,510
Total consideration acquired					$ 51,700
Self-storage Facilities [Member]
Subsequent Event [Line Items]
Number of storage facilities acquired \| Property					15
Purchase price of business to be acquired					$ 279,100
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared, date			Apr. 01, 2022
Dividend per common share \| $ / shares			$ 1.00
Dividend paid, date			Apr. 26, 2022
Dividend record, date			Apr. 14, 2022
Dividend paid	$ 84,400
Purchase Price			$ 54,800
Subsequent Event [Member] \| Mcdonald [Member]
Subsequent Event [Line Items]
Asset aquired		$ 30,200
Subsequent Event [Member] \| McDonald Joint Venture [Member]
Subsequent Event [Line Items]
Fair value of common noncontrolling redeemable units		$ 5,200
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		100.00%
Subsequent Event [Member] \| Self-storage Facilities [Member]
Subsequent Event [Line Items]
Number of storage facilities acquired \| Property			5	5
Purchase price of business to be acquired				$ 88,500
Total consideration acquired			$ 88,500
Subsequent Event [Member] \| Additional Self Storage Facility [Member]
Subsequent Event [Line Items]
Number of storage facilities acquired \| Property			3
Subsequent Event [Member] \| Equity Program [Member]
Subsequent Event [Line Items]
Common stock shares issued under equity offering program \| shares				55,736
Weighted average issue price \| $ / shares			$ 142.83
Proceeds from issuance of common stock				$ 7,900

- Definition

Number of properties acquired.

+ References

No definition available.

+ Details

Name:	lsi_NumberOfPropertiesAcquired
Namespace Prefix:	lsi_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

- Definition

Purchase price of assets acquired.

+ References

No definition available.

+ Details

Name:	lsi_PurchasePriceOfAssetsAcquired
Namespace Prefix:	lsi_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Purchase price of properties to be acquired.

+ References

No definition available.

+ Details

Name:	lsi_PurchasePriceOfPropertiesToBeAcquired
Namespace Prefix:	lsi_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Weighted average shares issued price per share.

+ References

No definition available.

+ Details

Name:	lsi_WeightedAverageSharesIssuedPricePerShare
Namespace Prefix:	lsi_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	instant

- Definition

Amount of consideration transferred in asset acquisition. Includes, but is not limited to, cash, liability incurred by acquirer, and equity interest issued by acquirer.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 30
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123362884&loc=d3e9215-128498

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 55
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6829253&loc=SL6831962-166255

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123385561&loc=d3e9135-128495

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 30
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123362884&loc=d3e9212-128498

+ Details

Name:	us-gaap_AssetAcquisitionConsiderationTransferred
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Purchase price of expected asset acquisition prior to consideration being transferred.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 15
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6911878&loc=d3e8732-128492

+ Details

Name:	us-gaap_AssetAcquisitionPriceOfAcquisitionExpected
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477

+ Details

Name:	us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

Date the declared dividend will be paid, in YYYY-MM-DD format.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123431023&loc=d3e4304-108586

+ Details

Name:	us-gaap_DividendPayableDateToBePaidDayMonthAndYear
Namespace Prefix:	us-gaap_
Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

The per share amount of a dividend declared, but not paid, as of the financial reporting date.

+ References

+ Details

Name:	us-gaap_DividendsPayableAmountPerShare
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:perShareItemType
Balance Type:	na
Period Type:	instant

- Definition

Date the dividend to be paid was declared, in YYYY-MM-DD format.

+ References

+ Details

Name:	us-gaap_DividendsPayableDateDeclaredDayMonthAndYear
Namespace Prefix:	us-gaap_
Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

Date the holder must own the stock to be entitled to the dividend, in YYYY-MM-DD format.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsPayableDateOfRecordDayMonthAndYear
Namespace Prefix:	us-gaap_
Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity.

+ References

No definition available.

+ Details

Name:	us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

- Definition

Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585

+ Details

Name:	us-gaap_PaymentsOfDividends
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

- Definition

The cash inflow from the additional capital contribution to the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3255-108585

+ Details

Name:	us-gaap_ProceedsFromIssuanceOfCommonStock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

- Definition

Number of new stock issued during the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21463-112644

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_StockIssuedDuringPeriodSharesNewIssues
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	duration

- Definition

Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.

+ References

No definition available.

+ Details

Name:	us-gaap_SubsequentEventLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

- Details

Name:	srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=lsi_SelfStorageFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_AssetAcquisitionAxis=lsi_McdonaldMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	srt_OwnershipAxis=lsi_McdonaldJointVentureMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=lsi_AdditionalSelfStorageFacilitiesFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_PlanNameAxis=lsi_EquityProgramMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: