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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental income $ 121,624 $ 118,594
Other operating income 11,470 9,726
Total operating revenues 133,094 128,320
Expenses    
Property operations and maintenance 30,449 29,796
Real estate taxes 15,419 14,435
General and administrative 12,044 11,436
Payments for rent 141  
Depreciation and amortization 24,764 37,642
Total operating expenses 82,817 93,309
Income from operations 50,277 35,011
Other income (expenses)    
Interest expense (17,204) (15,210)
Interest income 4 3
Equity in income of joint ventures 972 721
Net income 34,049 20,525
Net income attributable to noncontrolling interest in the Operating Partnership (160) (96)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0
Net income attributable to common shareholders/unitholders $ 33,889 $ 20,429
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.73 $ 0.44
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.73 $ 0.44
Common shares/units used in basic earnings per share/unit calculation 46,452,492 46,304,568
Common shares/units used in diluted earnings per share/unit calculation 46,536,672 46,418,891
Dividends/distributions declared per common share/unit $ 1.00 $ 0.95
Life Storage LP [Member]    
Revenues    
Rental income $ 121,624 $ 118,594
Other operating income 11,470 9,726
Total operating revenues 133,094 128,320
Expenses    
Property operations and maintenance 30,449 29,796
Real estate taxes 15,419 14,435
General and administrative 12,044 11,436
Payments for rent 141  
Depreciation and amortization 24,764 37,642
Total operating expenses 82,817 93,309
Income from operations 50,277 35,011
Other income (expenses)    
Interest expense (17,204) (15,210)
Interest income 4 3
Equity in income of joint ventures 972 721
Net income 34,049 20,525
Net income attributable to noncontrolling interest in the Operating Partnership (160) (96)
Net loss attributable to noncontrolling interest in consolidated subsidiary 0 0
Net income attributable to common shareholders/unitholders $ 33,889 $ 20,429
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.73 $ 0.44
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.73 $ 0.44
Common shares/units used in basic earnings per share/unit calculation 46,452,492 46,304,568
Common shares/units used in diluted earnings per share/unit calculation 46,536,672 46,418,891
Dividends/distributions declared per common share/unit $ 1.00 $ 0.95
Net income attributable to general partner $ 340 $ 205
Net income attributable to limited partners $ 33,549 $ 20,224