Supplementary Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 (dollars in thousands, except per share data):

	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

	2019 Quarter Ended
	Mar. 31		Jun. 30		Sept. 30		Dec. 31
Operating revenue	$	136,522	$	145,028	$	145,634	$	147,555
Net income		34,637		40,964		140,746		43,730
Net income attributable to common shareholders		34,454		40,742		140,002		43,501
Net income per share attributable to common shareholders
Basic	$	0.49	$	0.58	$	2.00	$	0.63
Diluted	$	0.49	$	0.58	$	1.99	$	0.63

The following is a summary of quarterly results of Life Storage LP operations for the years ended December 31, 2020 and 2019 (dollars in thousands, except per unit data):

	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

	2019 Quarter Ended
	Mar. 31		Jun. 30		Sept. 30		Dec. 31
Operating revenue	$	136,522	$	145,028	$	145,634	$	147,555
Net income		34,637		40,964		140,746		43,730
Net income attributable to common unitholders		34,454		40,742		140,002		43,501
Net income per unit attributable to common unitholders
Basic	$	0.49	$	0.58	$	2.00	$	0.63
Diluted	$	0.49	$	0.58	$	1.99	$	0.63