Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - LIFE STORAGE, INC. | d302464dex322.htm |
| EX-32.1 - EXHIBIT 32.1 - LIFE STORAGE, INC. | d302464dex321.htm |
| EX-31.4 - EXHIBIT 31.4 - LIFE STORAGE, INC. | d302464dex314.htm |
| EX-31.3 - EXHIBIT 31.3 - LIFE STORAGE, INC. | d302464dex313.htm |
| EX-31.2 - EXHIBIT 31.2 - LIFE STORAGE, INC. | d302464dex312.htm |
| EX-31.1 - EXHIBIT 31.1 - LIFE STORAGE, INC. | d302464dex311.htm |
| EX-23.2 - EXHIBIT 23.2 - LIFE STORAGE, INC. | d302464dex232.htm |
| EX-23.1 - EXHIBIT 23.1 - LIFE STORAGE, INC. | d302464dex231.htm |
| EX-21.1 - EXHIBIT 21.1 - LIFE STORAGE, INC. | d302464dex211.htm |
| EX-10.11 - EXHIBIT 10.11 - LIFE STORAGE, INC. | d302464dex1011.htm |
| EX-10.8 - EXHIBIT 10.8 - LIFE STORAGE, INC. | d302464dex108.htm |
| EX-10.5 - EXHIBIT 10.5 - LIFE STORAGE, INC. | d302464dex105.htm |
| EX-10.1 - EXHIBIT 10.1 - LIFE STORAGE, INC. | d302464dex101.htm |
| 10-K - 10-K - LIFE STORAGE, INC. | d302464d10k.htm |
Exhibit 12.1
Life Storage, Inc.
Life Storage LP
Statement Re: Computation of Earnings to
Combined Fixed Charges and Preferred Stock Dividends
Amounts in thousands
| Year ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Earnings: |
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| Income from continuing operations before noncontrolling interest in consolidated subsidiaries and income from equity investees |
$ | 81,291 | $ | 109,672 | $ | 86,971 | $ | 69,524 | $ | 47,185 | ||||||||||
| Add: Income tax expense |
413 | 1,251 | 927 | 936 | 1,326 | |||||||||||||||
| Add: Fixed charges |
55,001 | 37,864 | 39,024 | 32,720 | 33,547 | |||||||||||||||
| Add: Distributed income of equity investees |
5,207 | 4,821 | 3,123 | 2,630 | 2,184 | |||||||||||||||
| Less: Capitalized interest |
(96 | ) | (62 | ) | (84 | ) | (113 | ) | (149 | ) | ||||||||||
| Preferred dividend requirements of consolidated subsidiaries |
— | — | — | — | — | |||||||||||||||
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| Earnings (1) |
141,816 | 153,546 | 129,961 | 105,697 | 84,093 | |||||||||||||||
| Fixed charges: |
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| Interest expense |
52,769 | 35,940 | 33,719 | 31,166 | 32,330 | |||||||||||||||
| Amortization of financing fees |
1,735 | 1,184 | 859 | 834 | 836 | |||||||||||||||
| Capitalized interest |
96 | 62 | 84 | 113 | 149 | |||||||||||||||
| Estimate of interest included in rent expense |
401 | 678 | 4,362 | 607 | 232 | |||||||||||||||
| Preferred stock dividends |
— | — | — | — | — | |||||||||||||||
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| Fixed charges (2) |
$ | 55,001 | $ | 37,864 | $ | 39,024 | $ | 32,720 | $ | 33,547 | ||||||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends (1)/(2) |
2.58 | 4.06 | 3.33 | 3.23 | 2.51 | |||||||||||||||