Life storage, inc. (LSI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Revenues
Rental income

510,774

502,474

485,303

428,121

338,435

302,044

253,384

217,906

188,371

174,775

183,074

188,717

Other operating income

63,965

48,376

44,447

34,487

28,167

24,036

20,123

16,176

12,489

8,926

7,966

7,569

Total operating revenues

574,739

550,850

529,750

462,608

366,602

326,080

273,507

234,082

200,860

183,701

191,040

196,286

Expenses
Property operations and maintenance

130,103

121,098

122,794

103,388

81,915

75,333

66,119

59,011

51,793

49,338

50,726

53,605

Real estate taxes

65,061

61,356

57,663

47,876

36,563

32,097

26,496

22,076

19,185

18,026

19,355

18,485

General and administrative

46,622

48,322

50,031

43,103

38,659

35,222

30,136

28,465

25,986

21,071

18,649

17,279

Acquisition costs

-

-

-

29,542

2,991

7,359

3,129

4,328

3,278

786

-

-

Write-off of acquired property deposits

-

-

-

1,783

0

0

-

-

-

-

-

-

Impairment loss

-

-

-

-

-

-

-

-

1,047

0

-

-

Payments for rent

358

565

424

-

683

7,987

1,331

-

-

-

-

-

Depreciation and amortization

107,130

102,530

127,485

117,081

58,506

51,749

45,233

40,542

34,836

31,546

32,736

33,252

Total operating expenses

349,274

333,871

358,397

342,773

219,317

209,747

172,444

154,422

136,125

120,767

121,466

122,621

Gain (loss) on sale of storage facilities

104,353

56,398

-3,503

15,270

-494

5,176

-

-

-

-

-

-

Gain on sale of real estate

1,781

718

-

623

-

-

421

-

1,511

-

1,127

-

Casualty loss

-

-

-

-

-

-

-

-

126

-

390

-

Income from operations

331,599

274,095

167,850

135,728

147,285

116,333

101,063

79,660

64,735

62,934

69,574

73,665

Other income (expenses)
Interest expense

76,430

70,672

74,362

47,175

37,124

34,578

32,000

33,166

38,549

31,711

50,050

38,097

Interest expense – bridge financing commitment fee

-

-

-

7,329

-

-

-

-

-

-

-

-

Interest income

342

13

7

67

5

40

40

4

83

84

85

322

Equity in income of joint ventures

4,566

4,122

3,314

3,665

3,405

2,086

1,948

936

-340

240

235

104

Income from continuing operations

-

-

-

-

-

-

71,472

-

27,314

31,547

20,581

35,994

Income from discontinued operations (including a gain on disposal of $2,431 in 2013)

-

-

-

-

-

-

3,123

-

4,215

10,994

1,073

3,689

Net income

260,077

207,558

96,809

84,956

113,077

89,057

74,595

55,641

31,529

42,541

21,654

39,683

Net income attributable to noncontrolling interest in the Operating Partnership

1,378

968

444

398

553

526

469

513

937

1,899

1,738

2,284

Net loss attributable to noncontrolling interest in consolidated subsidiary

-

-

-

-667

-

-

-

-

-

-

-

-

Net income attributable to common shareholders/unitholders

258,699

206,590

96,365

85,225

112,524

88,531

74,126

55,128

30,592

40,642

19,916

37,399

Earnings per common share attributable to common shareholders - basic
Continuing operations

-

-

-

-

-

-

2.27

-

0.96

1.08

0.79

1.55

Discontinued operations

-

-

-

-

-

-

0.10

-

0.15

0.40

0.05

0.17

Earnings per common share/unit attributable to common shareholders/unitholders - basic

5.55

4.44

2.08

1.97

3.18

2.68

2.37

1.88

1.11

1.48

0.84

1.72

Earnings per common share attributable to common shareholders - diluted
Continuing operations

-

-

-

-

-

-

2.26

-

0.95

1.08

0.79

1.55

Discontinued operations

-

-

-

-

-

-

0.10

-

0.15

0.40

0.05

0.17

Earnings per common share/unit attributable to common shareholders/unitholders - diluted

5.55

4.43

2.07

1.96

3.16

2.67

2.36

1.87

1.10

1.48

0.84

1.72

Dividends/distributions declared per common share/unit

-

-

-

-

-

-

-

-

-

-

1.54

2.54

Life Storage LP [Member]
Rental income

510,774

502,474

485,303

428,121

-

-

-

-

-

-

-

-

Other operating income

63,965

48,376

44,447

34,487

-

-

-

-

-

-

-

-

Total operating revenues

574,739

550,850

529,750

462,608

-

-

-

-

-

-

-

-

Property operations and maintenance

130,103

121,098

122,794

103,388

-

-

-

-

-

-

-

-

Real estate taxes

65,061

61,356

57,663

47,876

-

-

-

-

-

-

-

-

General and administrative

46,622

48,322

50,031

43,103

-

-

-

-

-

-

-

-

Acquisition costs

-

-

-

29,542

-

-

-

-

-

-

-

-

Write-off of acquired property deposits

-

-

-

1,783

-

-

-

-

-

-

-

-

Payments for rent

358

565

424

-

-

-

-

-

-

-

-

-

Depreciation and amortization

107,130

102,530

127,485

117,081

-

-

-

-

-

-

-

-

Total operating expenses

349,274

333,871

358,397

342,773

-

-

-

-

-

-

-

-

Gain (loss) on sale of storage facilities

104,353

56,398

-3,503

15,270

-

-

-

-

-

-

-

-

Gain on sale of real estate

1,781

718

-

623

-

-

-

-

-

-

-

-

Income from operations

331,599

274,095

167,850

135,728

-

-

-

-

-

-

-

-

Interest expense

76,430

70,672

74,362

47,175

-

-

-

-

-

-

-

-

Interest expense – bridge financing commitment fee

-

-

-

7,329

-

-

-

-

-

-

-

-

Interest income

342

13

7

67

-

-

-

-

-

-

-

-

Equity in income of joint ventures

4,566

4,122

3,314

3,665

-

-

-

-

-

-

-

-

Net income

260,077

207,558

96,809

84,956

-

-

-

-

-

-

-

-

Net income attributable to noncontrolling interest in the Operating Partnership

1,378

968

444

398

-

-

-

-

-

-

-

-

Net loss attributable to noncontrolling interest in consolidated subsidiary

-

-

-

-667

-

-

-

-

-

-

-

-

Net income attributable to common shareholders/unitholders

258,699

206,590

96,365

85,225

-

-

-

-

-

-

-

-

Earnings per common share/unit attributable to common shareholders/unitholders - basic

5.55

4.44

2.08

1.97

-

-

-

-

-

-

-

-

Earnings per common share/unit attributable to common shareholders/unitholders - diluted

5.55

4.43

2.07

1.96

-

-

-

-

-

-

-

-

Net income attributable to general partner

2,601

2,076

968

856

-

-

-

-

-

-

-

-

Net income attributable to limited partners

256,098

204,514

95,397

84,369

-

-

-

-

-

-

-

-