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LIFE STORAGE   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Rental income539.55510.77502.47485.30428.12338.44302.04253.38217.91188.37
Interest and other income--------------------
Other operating income77.2263.9748.3844.4534.4928.1724.0420.1216.1812.49
Gain on sale of real estate--------------------
Total operating revenues616.77574.74550.85529.75462.61366.60326.08273.51234.08200.86
Property operations and maintenance138.27130.10121.10122.79103.3981.9275.3366.1255.1651.79
Real estate taxes70.3065.0661.3657.6647.8836.5632.1026.5022.0819.19
Depreciation and amortization122.93107.13102.53127.49117.0858.5151.7545.2340.5434.84
General and administrative52.0646.6248.3250.0343.1038.6635.2230.1432.3125.99
Gain on sale of real estate0.301.780.72--------------
Acquisition related costs--------(29.54)(2.99)(7.36)(3.13)(4.33)(3.28)
Impairment of storage facility--104.3556.40(3.50)----------(1.05)
Operating leases of storage facilities----------(0.68)(7.99)(1.33)----
Write-off of property deposits--------(1.78)----------
Payments for rent--(0.36)(0.57)(0.42)------------
Total operating expenses383.56349.27333.87358.40342.77219.32209.75172.44154.42136.13
Income from operations233.52331.60274.10167.85119.84147.29116.33101.0679.6664.74
Interest expense86.0276.4370.6774.3647.1837.1234.5832.0033.1738.55
Interest expense - acquisition bridge loan commitment fee--------7.33----------
Write-off of unamortized financing fees--------------------
Gain on sale of real estate--------0.62----0.420.691.51
Gain on the sale of land--------------------
Loss on sale of storage facility--------15.27(0.49)5.18------
Interest income0.020.340.010.010.070.010.040.040.000.08
Casualty gain------------------(0.13)
Minority interest - Operating Partnership--------------------
Minority interest - consolidated joint ventures--------------------
Equity in income of joint ventures4.844.574.123.313.673.412.091.950.94(0.34)
Income from continuing operations--------------71.4748.1227.31
Income from discontinued operations--------------3.127.524.22
Income Before Extraordinary Income & Accounting Change--------------------
Consolidated net income (loss)152.36260.08207.5696.8184.96113.0889.0674.6055.6431.53
Net income (loss) attributable to noncontrolling interest0.791.380.970.440.40--0.530.470.510.94
Noncontrolling interests in consolidated subsidiaries--------(0.67)0.55--------
Less: Preferred stock dividends--------------------
Redemption amount in excess of carrying value of SeriesB Preferred Stock--------------------
Net income (loss) available to common shareholders151.57258.70206.5996.3785.23112.5288.5374.1355.1330.59
EPS (Basic) : Continuing operations--------------1.511.080.64
EPS (Basic) : Income from discontinued operations--------------0.070.170.10
Net Earnings Per Share (Basic)2.133.702.961.391.312.121.791.581.250.74
EPS (Diluted) : Continuing operations--------------1.511.070.63
EPS (Diluted) : Income from discontinued operations--------------0.070.170.10
Net Earnings Per Share (Diluted)2.133.702.961.381.312.111.781.571.250.73
Weighted Average Shares Outstanding (Basic)71.0669.8869.7569.5664.7853.0749.5346.9544.0441.51
Weighted Average Shares Outstanding (Diluted)71.1869.9869.9069.7465.1153.4049.7947.1844.2341.59
Funds from operations (FFO)277.24265.61255.60229.14187.62172.59135.57117.1892.4667.41