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Life Storage, Inc., et al. – ‘10-K’ for 12/31/22 – ‘EX-31’

On:  Friday, 2/24/23, at 5:31pm ET   ·   For:  12/31/22   ·   Accession #:  950170-23-4415   ·   File #s:  0-24071, 1-13820

Previous ‘10-K’:  ‘10-K’ on 2/25/22 for 12/31/21   ·   Latest ‘10-K’:  This Filing   ·   47 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/23  Life Storage, Inc.                10-K       12/31/22   96:57M                                    Donnelley … Solutions/FA
          Life Storage LP

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML  25.57M 
 2: EX-4        Ex-4.18                                             HTML     98K 
 3: EX-10       Ex-10.12                                            HTML     35K 
 4: EX-21       Subsidiaries List                                   HTML     28K 
 5: EX-23       Ex-23.1                                             HTML     31K 
 6: EX-23       Ex-23.2                                             HTML     31K 
 7: EX-31       Ex-31.1                                             HTML     33K 
 8: EX-31       Ex-31.2                                             HTML     33K 
 9: EX-31       Ex-31.3                                             HTML     33K 
10: EX-31       Ex-31.4                                             HTML     33K 
11: EX-32       Ex-32.1                                             HTML     30K 
12: EX-32       Ex-32.2                                             HTML     30K 
18: R1          Document and Entity Information                     HTML    109K 
19: R2          Consolidated Balance Sheets                         HTML    152K 
20: R3          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
21: R4          Consolidated Statements of Operations               HTML    149K 
22: R5          Consolidated Statements of Comprehensive Income     HTML     56K 
23: R6          Consolidated Statements of Shareholders' Equity     HTML    130K 
                and Partners' Capital                                            
24: R7          Consolidated Statements of Cash Flows               HTML    163K 
25: R8          Organization                                        HTML     36K 
26: R9          Summary of Significant Accounting Policies          HTML    280K 
27: R10         Earnings Per Share and Earnings Per Unit            HTML    141K 
28: R11         Investment in Storage Facilities and Intangible     HTML   1.01M 
                Assets                                                           
29: R12         Unsecured Line of Credit and Term Notes             HTML    131K 
30: R13         Mortgages Payable and Debt Maturities               HTML    288K 
31: R14         Derivative Financial Instruments                    HTML     59K 
32: R15         Fair Value Measurements                             HTML     33K 
33: R16         Stock Based Compensation                            HTML    255K 
34: R17         Retirement Plan                                     HTML     37K 
35: R18         Investment in Joint Ventures                        HTML    265K 
36: R19         Shareholders' Equity                                HTML     56K 
37: R20         Supplementary Quarterly Financial Data (Unaudited)  HTML    229K 
38: R21         Commitments and Contingencies                       HTML     56K 
39: R22         Subsequent Events                                   HTML     36K 
40: R23         Summary of Significant Accounting Policies          HTML    291K 
                (Policies)                                                       
41: R24         Summary of Significant Accounting Policies          HTML    184K 
                (Tables)                                                         
42: R25         Earnings Per Share and Earnings Per Unit (Tables)   HTML    135K 
43: R26         Investment in Storage Facilities and Intangible     HTML    987K 
                Assets (Tables)                                                  
44: R27         Unsecured Line of Credit and Term Notes (Tables)    HTML     83K 
45: R28         Mortgages Payable and Debt Maturities (Tables)      HTML    288K 
46: R29         Derivative Financial Instruments (Tables)           HTML     55K 
47: R30         Stock Based Compensation (Tables)                   HTML    224K 
48: R31         Investment in Joint Ventures (Tables)               HTML    256K 
49: R32         Supplementary Quarterly Financial Data (Unaudited)  HTML    227K 
                (Tables)                                                         
50: R33         Commitments and Contingencies (Tables)              HTML     47K 
51: R34         Organization - Additional Information (Detail)      HTML     46K 
52: R35         Summary of Significant Accounting Policies -        HTML    152K 
                Additional Information (Detail)                                  
53: R36         Summary of Significant Accounting Policies -        HTML     47K 
                Summary of Reconciliation of Noncontrolling                      
                Interests (Detail)                                               
54: R37         Summary of Significant Accounting Policies -        HTML     45K 
                Summary of Reconciliation of Preferred                           
                Noncontrolling Redeemable Operating Units                        
                (Details)                                                        
55: R38         Summary of Significant Accounting Policies -        HTML     38K 
                Summary of Reconciliation of Cash and Restricted                 
                Cash (Detail)                                                    
56: R39         Summary of Significant Accounting Policies -        HTML     55K 
                Summary of Disaggregated Revenues (Detail)                       
57: R40         Summary of Significant Accounting Policies -        HTML     39K 
                Schedule of Weighted Average Fair Value of Options               
                Granted (Detail)                                                 
58: R41         Earnings Per Share and Earnings Per Unit -          HTML     77K 
                Computation of Basic and Diluted Earnings Per                    
                Common Share/Unit (Detail)                                       
59: R42         Earnings Per Share and Earnings Per Unit -          HTML     33K 
                Additional Information (Detail)                                  
60: R43         Investment in Storage Facilities and Intangible     HTML     47K 
                Assets - Summary of Activity in Storage Facilities               
                (Detail)                                                         
61: R44         Investment in Storage Facilities and Intangible     HTML    122K 
                Assets - Additional Information (Detail)                         
62: R45         Investment in Storage Facilities and Intangible     HTML    471K 
                Assets - Schedule of Purchase Price of Facilities                
                Acquired (Detail)                                                
63: R46         Investment in Storage Facilities and Intangible     HTML     35K 
                Assets - Schedule of In-place Customer Leases                    
                (Detail)                                                         
64: R47         Unsecured Line of Credit and Term Notes -           HTML     58K 
                Borrowings Outstanding on Unsecured Line of Credit               
                and Term Notes (Detail)                                          
65: R48         Unsecured Line of Credit and Term Notes -           HTML    161K 
                Additional Information (Detail)                                  
66: R49         Mortgages Payable and Debt Maturities - Summary of  HTML     42K 
                Mortgage Payable (Detail)                                        
67: R50         Mortgages Payable and Debt Maturities - Summary of  HTML     55K 
                Mortgage Payable (Parenthetical) (Detail)                        
68: R51         Mortgages Payable and Debt Maturities - Summary of  HTML     90K 
                Debt Obligation and Interest Rate Derivatives                    
                (Detail)                                                         
69: R52         Mortgages Payable and Debt Maturities - Summary of  HTML     61K 
                Debt Obligation and Interest Rate Derivatives                    
                (Parenthetical) (Detail)                                         
70: R53         Derivative Financial Instruments - Additional       HTML     34K 
                Information (Detail)                                             
71: R54         Derivative Financial Instruments - Summary of       HTML     45K 
                Changes in AOCL (Detail)                                         
72: R55         Fair Value Measurements - Additional Information    HTML     34K 
                (Detail)                                                         
73: R56         Stock Based Compensation - Additional Information   HTML    114K 
                (Detail)                                                         
74: R57         Stock Based Compensation - Stock Option Activity    HTML     54K 
                and Related Information (Detail)                                 
75: R58         Stock Based Compensation - Stock Options            HTML     56K 
                Outstanding (Detail)                                             
76: R59         Stock Based Compensation - Status of Unvested       HTML     50K 
                Shares of Stock Issued to Employees and Directors                
                (Detail)                                                         
77: R60         Retirement Plan - Additional Information (Detail)   HTML     34K 
78: R61         Investment in Joint Ventures - Summary of           HTML     76K 
                Company's Unconsolidated Joint Ventures (Detail)                 
79: R62         Investment in Joint Ventures - Summary of           HTML    183K 
                Company's Unconsolidated Joint Ventures                          
                (Parenthetical) (Detail)                                         
80: R63         Investment in Joint Ventures - Additional           HTML     54K 
                Information (Detail)                                             
81: R64         Investment in Joint Ventures - Company's Share of   HTML     42K 
                Unconsolidated Joint Ventures' Income (Loss)                     
                (Detail)                                                         
82: R65         Investment in Joint Ventures - Summary of           HTML     52K 
                Revenues, Expenses and Cash Flows Arising from                   
                Off-Balance Sheet Arrangements (Detail)                          
83: R66         Shareholders' Equity - Additional Information       HTML     77K 
                (Detail)                                                         
84: R67         Supplementary Quarterly Financial Data (Unaudited)  HTML     82K 
                - Summary of Quarterly Results of Operations                     
                (Detail)                                                         
85: R68         Supplementary Quarterly Financial Data (Unaudited)  HTML     30K 
                - Additional Information (Detail)                                
86: R69         Commitments and Contingencies - Additional          HTML     44K 
                Information (Detail)                                             
87: R70         Commitments and Contingencies - Future Minimum      HTML     43K 
                Lease Payments (Detail)                                          
88: R71         Subsequent Events - Additional Information          HTML     60K 
                (Detail)                                                         
89: R72         Schedule III Combined Real Estate and Accumulated   HTML   7.14M 
                Depreciation (Detail)                                            
90: R73         Schedule III Combined Real Estate and Accumulated   HTML     64K 
                Depreciation - Cost and Accumulated Depreciation                 
                (Detail)                                                         
91: R74         Schedule III Combined Real Estate and Accumulated   HTML     30K 
                Depreciation - Additional Information (Detail)                   
94: XML         IDEA XML File -- Filing Summary                      XML    173K 
92: XML         XBRL Instance -- lsi-20221231_htm                    XML  16.71M 
93: EXCEL       IDEA Workbook of Financial Reports                  XLSX    692K 
16: EX-101.CAL  XBRL Calculations -- lsi-20221231_cal                XML    218K 
13: EX-101.DEF  XBRL Definitions -- lsi-20221231_def                 XML   2.25M 
17: EX-101.LAB  XBRL Labels -- lsi-20221231_lab                      XML   4.02M 
14: EX-101.PRE  XBRL Presentations -- lsi-20221231_pre               XML   2.52M 
15: EX-101.SCH  XBRL Schema -- lsi-20221231                          XSD    758K 
95: JSON        XBRL Instance as JSON Data -- MetaLinks              861±  1.39M 
96: ZIP         XBRL Zipped Folder -- 0000950170-23-004415-xbrl      Zip   1.78M

‘EX-31’   —   Ex-31.1

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

  EX-31  

Exhibit 31.1

Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) and 15d-14(a) of the Securities Exchange

Act, as amended

I, Joseph V. Saffire, certify that:

1.
I have reviewed this report on Form 10-K of Life Storage, Inc.;
2.
Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;
3.
Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;
4.
The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;
b)
designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles;
c)
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of this annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: February 24, 2023

 

/S/ Joseph V. Saffire

Joseph V. Saffire

Chief Executive Officer

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/24/238-K
For Period end:12/31/22
 List all Filings 

10 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/18/23  Extra Space Storage Inc.          S-3ASR      8/18/23    6:696K                                   Donnelley … Solutions/FA
 6/20/23  Extra Space Storage Inc.          424B3                  1:1.5M                                   Donnelley … Solutions/FA
 6/13/23  Extra Space Storage Inc.          424B5                  2:1.2M                                   Donnelley … Solutions/FA
 6/12/23  Extra Space Storage Inc.          424B5                  1:1.2M                                   Donnelley … Solutions/FA
 6/12/23  Extra Space Storage Inc.          8-K:8,9     6/12/23   12:401K                                   Donnelley … Solutions/FA
 6/06/23  Extra Space Storage Inc.          424B3                  1:3.1M                                   Donnelley … Solutions/FA
 6/06/23  Life Storage, Inc.                DEFM14A                1:3.6M                                   Donnelley … Solutions/FA
 6/05/23  Extra Space Storage Inc.          S-4                   15:3.8M                                   Donnelley … Solutions/FA
 6/02/23  Extra Space Storage Inc.          S-4/A                 11:3.7M                                   Donnelley … Solutions/FA
 5/23/23  Extra Space Storage Inc.          S-4                   18:4.7M                                   Donnelley … Solutions/FA

37 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/03/23  Life Storage LP                   8-K:5,9     1/02/23   13:249K                                   Donnelley … Solutions/FA
12/16/22  Life Storage, Inc.                8-K:5,9    12/14/22   14:249K                                   Donnelley … Solutions/FA
10/25/22  Life Storage, Inc.                8-K:5,9    10/25/22   13:197K                                   Donnelley … Solutions/FA
 8/11/22  Life Storage, Inc.                8-K:1,9     8/11/22   15:831K                                   Donnelley … Solutions/FA
 7/15/22  Life Storage, Inc.                8-K:1,2,9   7/13/22   13:1.4M                                   Donnelley … Solutions/FA
12/20/21  Life Storage, Inc.                8-K:5,9    12/17/21   14:256K                                   Donnelley … Solutions/FA
10/08/21  Life Storage, Inc.                8-K:1,2,9  10/07/21   16:431K                                   Donnelley … Solutions/FA
 9/02/21  Life Storage, Inc.                8-K:5,7,9   9/02/21   14:239K                                   Donnelley … Solutions/FA
 8/23/21  Life Storage, Inc.                8-K:3,5,8,9 8/19/21   13:281K                                   Donnelley … Solutions/FA
 6/08/21  Life Storage, Inc.                8-K:5,9     6/04/21   13:622K                                   Donnelley … Solutions/FA
 6/01/21  Life Storage, Inc.                8-K:5,9     5/27/21   13:225K                                   Donnelley … Solutions/FA
 2/16/21  Life Storage, Inc.                8-K:5,7,9   2/12/21   14:303K                                   Donnelley … Solutions/FA
12/18/20  Life Storage, Inc.                8-K:5,9    12/18/20   14:269K                                   Donnelley … Solutions/FA
 9/23/20  Life Storage, Inc.                8-K:1,2,9   9/23/20   16:465K                                   Donnelley … Solutions/FA
 4/17/20  Life Storage, Inc.                DEF 14A     5/28/20    1:3.1M                                   Donnelley … Solutions/FA
12/19/19  Life Storage, Inc.                8-K:5,9    12/19/19   14:290K                                   Donnelley … Solutions/FA
 6/03/19  Life Storage, Inc.                8-K:1,2,9   6/03/19    5:201K                                   Donnelley … Solutions/FA
 5/31/19  Life Storage, Inc.                8-K:5,9     5/30/19    2:44K                                    Donnelley … Solutions/FA
 4/16/19  Life Storage, Inc.                DEF 14A     5/30/19    1:2.9M                                   Donnelley … Solutions/FA
 3/01/19  Life Storage, Inc.                8-K:5,7,9   3/01/19    3:38K                                    Donnelley … Solutions/FA
12/21/18  Life Storage, Inc.                8-K:5,9    12/18/18    3:81K                                    Donnelley … Solutions/FA
 5/03/18  Life Storage, Inc.                10-Q        3/31/18   84:7.9M                                   ActiveDisclosure/FA
 2/27/18  Life Storage, Inc.                10-K       12/31/17  100:59M                                    ActiveDisclosure/FA
12/07/17  Life Storage, Inc.                8-K:1,2,9  12/07/17    5:192K                                   Donnelley … Solutions/FA
11/03/17  Life Storage, Inc.                10-Q        9/30/17   86:9.9M                                   ActiveDisclosure/FA
 5/19/17  Life Storage, Inc.                8-K:5,9     5/18/17    2:40K                                    Donnelley … Solutions/FA
 2/27/17  Life Storage, Inc.                10-K       12/31/16  100:22M                                    Donnelley … Solutions/FA
 8/11/16  Life Storage, Inc.                8-K:5,9     8/10/16    5:139K                                   Donnelley … Solutions/FA
 7/26/16  Life Storage, Inc.                8-K:1,2,8,9 7/21/16    3:739K                                   Phillips Lytle Hitc… LLP
 7/06/16  Life Storage, Inc.                8-K:1,9     6/29/16    3:153K                                   Phillips Lytle Hitc… LLP
 6/20/16  Life Storage, Inc.                8-K:1,2,9   6/20/16    6:657K                                   Donnelley … Solutions/FA
 4/08/15  Life Storage, Inc.                DEF 14A     5/21/15    1:956K                                   Donnelley … Solutions/FA
 4/09/14  Life Storage, Inc.                8-K:1,2,8,9 4/08/14    3:816K                                   Phillips Lytle Hitc… LLP
 5/31/11  Life Storage, Inc.                8-K:5,9     5/31/11    2:44K                                    Phillips Lytle Hitc… LLP
 7/12/02  Life Storage, Inc.                8-K:5,7     7/03/02    1:639K                                   Phillips Lytle Hitc… LLP
 7/29/99  Life Storage, Inc.                8-A12B                 1:53K                                    Phillips Lytle Hitc… LLP
12/03/96  Life Storage, Inc.                8-A12B                 1:199K                                   Phillips Lytle Hitc… LLP
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