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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental income $ 150,283 $ 128,907
Other operating income 21,604 18,036
Total operating revenues 171,887 146,943
Expenses    
Property operations and maintenance 38,520 32,850
Real estate taxes 19,887 17,408
General and administrative 14,183 12,906
Depreciation and amortization 33,359 28,330
Total operating expenses 105,949 91,494
Gain on sale of real estate   302
Income from operations 65,938 55,751
Other income (expenses)    
Interest expense (20,346) (20,246)
Interest and dividend income 779 4
Equity in income of joint ventures 1,221 1,116
Net income 47,592 36,625
Net income attributable to noncontrolling interest in the Operating Partnership (209) (192)
Net income attributable to common shareholders/unitholders $ 47,383 $ 36,433
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.63 $ 0.52
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.63 $ 0.52
Common shares/units used in basic earnings per share/unit calculation 75,387,332 70,015,856
Common shares/units used in diluted earnings per share/unit calculation 75,510,201 70,126,344
Dividends/distributions declared per common share/unit $ 0.74 $ 0.71
Life Storage LP [Member]    
Revenues    
Rental income $ 150,283 $ 128,907
Other operating income 21,604 18,036
Total operating revenues 171,887 146,943
Expenses    
Property operations and maintenance 38,520 32,850
Real estate taxes 19,887 17,408
General and administrative 14,183 12,906
Depreciation and amortization 33,359 28,330
Total operating expenses 105,949 91,494
Gain on sale of real estate   302
Income from operations 65,938 55,751
Other income (expenses)    
Interest expense (20,346) (20,246)
Interest and dividend income 779 4
Equity in income of joint ventures 1,221 1,116
Net income 47,592 36,625
Net income attributable to noncontrolling interest in the Operating Partnership (209) (192)
Net income attributable to common shareholders/unitholders $ 47,383 $ 36,433
Earnings per common share/unit attributable to common shareholders/unitholders - basic $ 0.63 $ 0.52
Earnings per common share/unit attributable to common shareholders/unitholders - diluted $ 0.63 $ 0.52
Common shares/units used in basic earnings per share/unit calculation 75,387,332 70,015,856
Common shares/units used in diluted earnings per share/unit calculation 75,510,201 70,126,344
Dividends/distributions declared per common share/unit $ 0.74 $ 0.71
Net income attributable to general partner $ 476 $ 366
Net income attributable to limited partners $ 46,907 $ 36,067