Life Storage, Inc. (LSI)

NYSE: LSI · IEX Real-Time Price · USD
135.92 -2.88 (-2.07%)
Jan 18, 2022 4:00 PM EST - Market closed
Market Cap11.15B
Revenue (ttm)733.91M
Net Income (ttm)216.76M
Shares Out82.02M
EPS (ttm)2.85
PE Ratio47.76
Forward PEn/a
Dividend$3.34 (2.46%)
Ex-Dividend DateJan 13, 2022
Volume497,155
Open138.04
Previous Close138.80
Day's Range135.47 - 138.80
52-Week Range79.33 - 154.45
Beta0.43
AnalystsStrong Buy
Price Target157.45 (+15.8%)
Earnings DateNov 2, 2021

About LSI

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 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.

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateJun 20, 1995
CEOJoseph Saffire
Employees2,078
Stock ExchangeNYSE
Ticker SymbolLSI
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for Life Storage stock is "Strong Buy." The 12-month stock price forecast is 157.45, which is an increase of 15.84% from the latest price.

Price Target
$157.45
(15.84% upside)
Analyst Consensus: Strong Buy

News

CIO vs. LSI: Which Stock Should Value Investors Buy Now?

CIO vs. LSI: Which Stock Is the Better Value Option?

Other symbols:CIO
1 week ago - Zacks Investment Research

Life Storage, Inc. Raises Quarterly Common Stock Dividend by 16%

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces an increase in their quarterly common stock dividend. The Company operates over 1,000 self-storage facilities in 35 states.

2 weeks ago - Business Wire

What Makes Life Storage (LSI) a Strong Momentum Stock: Buy Now?

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

2 weeks ago - Zacks Investment Research

Self-Storage in 2022: What to Expect

The self-storage industry outperformed all other commercial sectors in 2021. Will this momentum continue in 2022?

Other symbols:CUBEEXRMMINSAPSA
1 month ago - The Motley Fool

3 Self-Storage REITs That Turned $10,000 Into More Than $100,000

The sector contains some of the best-performing REITs over the last decade.

Other symbols:EXRPSA
1 month ago - The Motley Fool

HIW vs. LSI: Which Stock Is the Better Value Option?

HIW vs. LSI: Which Stock Is the Better Value Option?

Other symbols:HIW
1 month ago - Zacks Investment Research

Put Your Cash to Work in These 3 High-Performing REITs

Take advantage of the Diversification Benefits REITs Offer

Other symbols:EXRNSA
1 month ago - Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Life Storage (LSI) is a Great Choice

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

1 month ago - Zacks Investment Research

7 REITs to Buy That Are Just Right for November

With respectable dividend yields and the potential for capital growth, REITs are among the top picks for income investors. The post 7 REITs to Buy That Are Just Right for November appeared first on Inve...

Other symbols:CCICONEDREEQIXIYRVNQ
2 months ago - InvestorPlace

Life Storage, Inc. Publishes Inaugural Sustainability Report

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces the release of its first sustainability report. The Company operates more than 1,000 self-storage facilities in 34 states.

2 months ago - Business Wire

Life Storage (LSI) Q3 FFO and Revenues Beat Estimates

Life Storage (LSI) delivered FFO and revenue surprises of 7.03% and 4.72%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Life Storage, Inc. Reports Third Quarter 2021 Results

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for the third quarter of 2021. The Company operates more than 1,000 self-storage facilities in 34 states.

2 months ago - Business Wire

Is a Surprise Coming for Life Storage (LSI) This Earnings Season?

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

2 months ago - Zacks Investment Research

Life Storage, Inc. Announces Date and Time of 3rd Quarter Earnings Release and Conference Call

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will release 3rd quarter 2021 earnings on November 2. The Company operates more than 1,000 self-storage facilities in 34 states.

3 months ago - Business Wire

Life Storage, Inc. Prices Offering of Senior Notes

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage priced an offering of $600 million of senior unsecured notes. The Company operates over 1,000 self-storage facilities in 34 states.

3 months ago - Business Wire

Here's Why Life Storage (LSI) is Poised for a Turnaround After Losing 8.1% in 4 Weeks

Life Storage (LSI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates...

3 months ago - Zacks Investment Research

Life Storage, Inc. to Present at the Bank of America Securities 2021 Global Real Estate Conference

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will participate in a roundtable at the Bank of America Conference. The Company operates over 1,000 self-storage facilities in 34 states.

4 months ago - Business Wire

Life Storage, Inc. Announces Closing of Offering of 2,875,000 Shares of Common Stock including Full Exercise of Under...

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announced closing of 2,875,000 common stock public offering. The Company operates over 1,000 self-storage facilities in 34 states.

4 months ago - Business Wire

Life Storage, Inc. Announces Pricing of Offering of 2,500,000 Shares of Common Stock

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces pricing of its common stock offering of 2,500,000 shares. The Company operates over 1,000 self-storage facilities in 34 states.

4 months ago - Business Wire

Life Storage, Inc. Announces Offering of 2,500,000 Shares of Common Stock

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces it will issue and sell 2,500,000 shares of common stock. The Company operates over 1,000 self-storage facilities in 34 states.

4 months ago - Business Wire

Life Storage, Inc. Announces Executive Leadership Transition

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage, Inc. announces executive leadership transition. The Company operates more than 1,000 self storage facilities in 34 states.

4 months ago - Business Wire

Life Storage (LSI) Tops Q2 FFO and Revenue Estimates

Life Storage (LSI) delivered FFO and revenue surprises of 4.35% and 5.34%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Life Storage, Inc. Reports Second Quarter 2021 Results

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for second quarter of 2021. The Company operates more than 950 self-storage facilities in 33 states.

5 months ago - Business Wire

Life Storage, Inc. Announces Date and Time of 2nd Quarter Earnings Release and Conference Call

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will release 2nd quarter 2021 earnings on August 3, 2021. The Company operates more than 950 self storage facilities in 33 states.

6 months ago - Business Wire

7 Top-Rated REITs to Buy Today

As the economy regains its footing, it's a great time to buy certain REITs. Their diversity means there are some big winners waiting for you.

Other symbols:AGNCCUBEIRMNLYPSARHP
6 months ago - InvestorPlace