Market Overview

Life Storage, Inc. Announces Dividend on Common Stock

Share:

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 which, based on today's opening
share price, equates to an annual rate of approximately 4%. The dividend
will be paid on July 26, 2018 to Shareholders of record on July 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
390,000-plus customers, making it a leader in the industry. For more
information visit http://invest.lifestorage.com/.

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