AP NEWS

Life Storage, Inc. Announces Dividend on Common Stock

October 2, 2018

BUFFALO, N.Y.--(BUSINESS WIRE)--Oct 2, 2018--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today the Company’s quarterly dividend of $1.00 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.00 per share that, based on today’s opening share price, equates to an annual rate of approximately 4.3%. The dividend will be paid on October 26, 2018 to Shareholders of record on October 16, 2018.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 400,000-plus customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005982/en/

CONTACT: Life Storage, Inc.

David Dodman, 716-229-8284

Vice President, Investor Relations & Strategic Planning

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT BANKING FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Life Storage, Inc.

Copyright Business Wire 2018.

PUB: 10/02/2018 04:15 PM/DISC: 10/02/2018 04:15 PM

http://www.businesswire.com/news/home/20181002005982/en

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