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Life Storage, Inc. (LSI)

Stock Price: $83.43 USD 1.17 (1.42%)
Updated Mar 8, 2021 4:00 PM EST - Market closed
Market Cap 6.38B
Revenue (ttm) 616.77M
Net Income (ttm) 151.57M
Shares Out 72.90M
EPS (ttm) 2.13
PE Ratio 39.17
Forward PE n/a
Dividend $2.88
Dividend Yield 3.45%
Trading Day March 8
Last Price $83.43
Previous Close $82.26
Change ($) 1.17
Change (%) 1.42%
Day's Open 82.77
Day's Range 82.64 - 84.68
Day's Volume 811,865
52-Week Range 43.11 - 87.21

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Business Wire - 1 week ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage, Inc. announces launch of micro-fulfillment center in Chicago by its subsidiary, Warehouse Anywhere in partnership with Deliverr.

Business Wire - 2 weeks ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage, Inc. reports 4th quarter and year end results. The Company operates over 900 self-storage facilities in 31 states and Ontario, Canada.

Zacks Investment Research - 2 weeks ago

Life Storage (LSI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Business Wire - 2 weeks ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces Susan Harnett to the Board of Directors. The Company operates over 900 self-storage facilities in 31 states & Ontario, Canada.

Zacks Investment Research - 3 weeks ago

As the performance of REITs depends on the underlying asset types and location of properties, not all companies suffered pandemic-related setbacks in Q4.

Other stocks mentioned: AMT, HTA, NSA
The Motley Fool - 3 weeks ago

The self-storage industry is growing, but which of the top players in the space is most attractive?

Other stocks mentioned: EXR, NSA, PSA
Business Wire - 1 month ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will release 4th quarter 2020 earnings on February 22. The Company operates over 900 self storage facilities in 31 states and Canada.

Seeking Alpha - 1 month ago

Self-Storage REITs stumbled into 2020 as perennial underperformers with challenged fundamentals amid oversupply headwinds and a strained outlook which appeared certain to deteriorate further a...

Other stocks mentioned: CUBE, EXR, NSA, PSA, SELF
Business Wire - 1 month ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces tax allocations of 2020 dividend distributions. The Company operates over 900 self storage facilities in 31 states and Canada.

Business Wire - 2 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces increase in quarterly dividend and a Three-for-Two Stock Split. The Company operates over 900 self storage facilities.

Seeking Alpha - 2 months ago

This is a review of my top REITs for 2020 and my top REITs for 2021. In 2020 my REIT picks performed inline with VNQ.

Other stocks mentioned: ARE, EQIX, FR, FRT, INVH, KRC, MAA, SBAC, VICI, VNQ
Business Wire - 2 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #Deliverr--Life Storage, Inc. launches a micro-fulfillment center in Las Vegas by its subsidiary, Warehouse Anywhere in partnership with Deliverr.

Seeking Alpha - 3 months ago

Life Storage is one of the top 6 institutional self-storage operators in the U.S., with a growing focus on major markets. It continues to add new properties to its owned portfolio and to its t...

Seeking Alpha - 4 months ago

Life Storage, Inc. (LSI) CEO Joe Saffire on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 4 months ago

Life Storage (LSI) delivered FFO and revenue surprises of 2.01% and 3.81%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 4 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for third quarter of 2020. The Company operates more than 900 self-storage facilities in 30 states and Canada.

Seeking Alpha - 4 months ago

Self Storage REITs have been unexpected leaders throughout the pandemic. Riding the tailwinds of the single-family housing boom, storage REITs are one of four property sectors in positive terr...

Other stocks mentioned: CUBE, EXR, IRM, NSA, PSA, SELF, VNQ
Business Wire - 5 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will release 3rd quarter 2020 earnings on November 5. The Company operates over 900 self-storage facilities in 30 states&Ontario, Canada

InvestorPlace - 5 months ago

Life Storage is a REIT that manages self-storage properties, and it operates across the United States, and in Ontario, Canada. The post A Group of Stocks More Profitable than Tech appeared fir...

Seeking Alpha - 5 months ago

While it was the second worst-performing sector in 2019 and fundamentals for 2020 were projected to be the worst in years, it has been a huge outperformer in 2020.

Other stocks mentioned: ICF, NSA, PSA, VNQ, XLRE
Business Wire - 5 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces quarterly dividend of $1.07 per share. The Company operates over 900 self storage facilities in 30 states and Ontario, Canada.

Business Wire - 5 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will participate in roundtable at BAML virtual conference.

Zacks Investment Research - 5 months ago

Life Storage (LSI) prices $400 million of 2.200% senior notes due 2030 to bolster liquidity. However, the notes offering increases its long-term financial obligation.

Business Wire - 5 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage prices offering of senior notes.

Seeking Alpha - 7 months ago

Life Storage, Inc. (LSI) CEO Joe Saffire on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 7 months ago

Life Storage (LSI) delivered FFO and revenue surprises of 0.71% and -0.18%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 7 months ago

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for 2nd quarter of 2020.

Seeking Alpha - 10 months ago

Life Storage Inc. (LSI) CEO Joe Saffire on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

Life Storage (LSI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

InvestorPlace - 10 months ago

There are certain companies out there that I call "heads-I-win-tails-I-win" stocks, and these five names are prime examples of that.

Other stocks mentioned: DEA, KAR, RBA, RILY
Benzinga - 11 months ago

The U.S. is poised to enter a recession amid the growing coronavirus pandemic, but this outlook is favorable for self-storage companies, according to BofA Securities.

Other stocks mentioned: PSA
Seeking Alpha - 1 year ago

Life Storage, Inc. (LSI) CEO Joseph Saffire on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Life Storage (LSI) delivered FFO and revenue surprises of 0.70% and 0.89%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

24/7 Wall Street - 1 year ago

One of the few unintended consequences of lower interest rates is the effect it has on savers and people that rely on reasonably safe and secure income.

Other stocks mentioned: EXR, NSA, PSA
Benzinga - 1 year ago

Although Life Storage Inc (NYSE: LSI) may continue to record decelerating top line growth, improved supply visibility and better expense control may allow the company to generate growth in fun...

Zacks Investment Research - 1 year ago

Backed by multiple revenue drivers and a solid balance sheet, Life Storage (LSI) seems well poised to continue cash flow and dividend growth.

Zacks Investment Research - 1 year ago

REITs have scope to excel in 2020, with economic indicators still holding well and a number of underlying asset categories displaying favorable market fundamentals.

Other stocks mentioned: DRE, EGP, EQR, GLPI
InvestorPlace - 1 year ago

Check out some income-generating assets that go beyond dividend stocks and bonds. These two REITs are great for smart investors.

Other stocks mentioned: DEA
Seeking Alpha - 1 year ago

Life Storage, Inc. (LSI) CEO Joseph Saffire on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Life Storage (LSI) delivered FFO and revenue surprises of 0.69% and -0.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Does Life Storage (LSI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Seeking Alpha - 1 year ago

Life Storage, Inc. (LSI) CEO Joe Saffire on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Life Storage (LSI) delivered FFO and revenue surprises of 0.71% and 1.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Though Life Storage (LSI) sells 32 self-storage properties to an Inland affiliate, the company will continue managing these properties through a long-term management agreement.

GuruFocus - 1 year ago

According to the GuruFocus All-in-One Screener, the following companies have high dividend yields but performed poorly over the last 12 months.

Other stocks mentioned: ALX, AVGO, PRU, SAFT
Benzinga - 1 year ago

Self-storage REITsĀ are performing better than expected throughout 2019, and the group's outlook through 2020 is improving relative to prior expectations, according to KeyBanc Capital Markets.

Other stocks mentioned: PSA
InvestorPlace - 1 year ago

TerraForm Power, Zillow Group and Boston Scientific are just some of the top stocks to buy as May turns into June. The post 7 Stocks to Buy for June appeared first on InvestorPlace.

Other stocks mentioned: AMPH, BSX, KFRC, TERP, VLGEA, Z, ZG
Seeking Alpha - 1 year ago

Life Storage, Inc. (LSI) CEO Joe Saffire on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Life Storage (LSI) delivered FFO and revenue surprises of -0.76% and -0.99%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 2 years ago

Supply pressures remain a key concern for Life Storage Inc (NYSE: LSI), and leading indicators point toward a deceleration in rents in the near term, according to Bank of America Merrill Lynch.

About LSI

Life Storage 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 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.

Industry
REIT-Industrial
IPO Date
Jun 20, 1995
CEO
Joseph Saffire
Employees
2,078
Stock Exchange
NYSE
Ticker Symbol
LSI
Full Company Profile

Financial Performance

In 2020, Life Storage's revenue was $616.77 million, an increase of 7.31% compared to the previous year's $574.74 million. Earnings were $151.57 million, a decrease of -41.41%.

Financial Statements

Analyst Forecasts

According to 10 analysts, the average rating for Life Storage stock is "Buy." The 12-month stock price forecast is 91.17, which is an increase of 9.28% from the latest price.

Price Target
$91.17
(9.28% upside)
Analyst Consensus: Buy