Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - LIFE STORAGE, INC. | d115546dex312.htm |
| EX-23.1 - EX-23.1 - LIFE STORAGE, INC. | d115546dex231.htm |
| EX-32.1 - EX-32.1 - LIFE STORAGE, INC. | d115546dex321.htm |
| EX-21.1 - EX-21.1 - LIFE STORAGE, INC. | d115546dex211.htm |
| 10-K - 10-K - LIFE STORAGE, INC. | d115546d10k.htm |
| EX-31.1 - EX-31.1 - LIFE STORAGE, INC. | d115546dex311.htm |
Exhibit 12.1
Statement Re: Computation of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
Amounts in thousands
| Year ended December 31, | ||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
| Earnings: |
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| Income from continuing operations before noncontrolling interest in consolidated subsidiaries and income from equity investees |
$ | 109,672 | $ | 86,971 | $ | 69,524 | $ | 47,185 | $ | 27,654 | ||||||||||
| Add: Income tax expense |
1,251 | 927 | 936 | 1,326 | 1,524 | |||||||||||||||
| Add: Fixed charges |
37,864 | 39,024 | 32,720 | 33,547 | 38,848 | |||||||||||||||
| Add: Distributed income of equity investees |
4,821 | 3,123 | 2,630 | 2,184 | 944 | |||||||||||||||
| Less: Capitalized interest |
(62 | ) | (84 | ) | (113 | ) | (149 | ) | (72 | ) | ||||||||||
| Preferred dividend requirements of consolidated subsidiaries |
— | — | — | — | — | |||||||||||||||
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| Earnings (1) |
153,546 | 129,961 | 105,697 | 84,093 | 68,898 | |||||||||||||||
| Fixed charges: |
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| Interest expense |
35,940 | 33,719 | 31,166 | 32,330 | 37,365 | |||||||||||||||
| Amortization of financing fees |
1,184 | 859 | 834 | 836 | 1,184 | |||||||||||||||
| Capitalized interest |
62 | 84 | 113 | 149 | 72 | |||||||||||||||
| Estimate of interest included in rent expense |
678 | 4,362 | 607 | 232 | 227 | |||||||||||||||
| Preferred stock dividends |
— | — | — | — | — | |||||||||||||||
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| Fixed charges (2) |
$ | 37,864 | $ | 39,024 | $ | 32,720 | $ | 33,547 | $ | 38,848 | ||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2) |
4.06 | 3.33 | 3.23 | 2.51 | 1.77 | |||||||||||||||