Life Storage, Inc. (LSI)
| Market Cap | 9.93B |
| Revenue (ttm) | 681.96M |
| Net Income (ttm) | 183.58M |
| Shares Out | 77.06M |
| EPS (ttm) | 2.47 |
| PE Ratio | 49.71 |
| Forward PE | n/a |
| Dividend | $2.93 (2.39%) |
| Ex-Dividend Date | Jul 13, 2021 |
| Volume | 59,748 |
| Open | 120.70 |
| Previous Close | 121.62 |
| Day's Range | 120.28 - 122.74 |
| 52-Week Range | 66.07 - 129.87 |
| Beta | 0.32 |
| Analysts | Buy |
| Price Target | 129.40 (+5.5%) |
| Est. Earnings Date | Nov 4, 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.
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 StatementsAnalyst Forecast
According to 10 analysts, the average rating for Life Storage stock is "Buy." The 12-month stock price forecast is 129.40, which is an increase of 5.52% from the latest price.
News
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.
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.
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.
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.
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.
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?
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.
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.
Life Storage, Inc. Announces Dividend on Common Stock
BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces quarterly dividend of $0.74 per share of common stock. The Company operates over 950 self storage facilities in 33 states.
Life Storage (LSI) Q1 FFO and Revenues Top Estimates
Life Storage (LSI) delivered FFO and revenue surprises of 6.93% and 4.02%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Life Storage, Inc. Reports First Quarter 2021 Results
BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for first quarter of 2021. The Company operates more than 950 self-storage facilities in 33 states and Canada.
Why This May Be the Best Growth and Income Idea for Investors Now
Real estate investment trusts (REITs) are the kind of investment that the Reddit/WallStreetBets crowd would probably sneer at, but the reality is we are now in no-man's-land when it comes to the stock m...
Life Storage, Inc. Announces Date and Time of 1st Quarter Earnings Release and Conference Call
BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage will release 1st quarter 2021 earnings on May 4. The Company operates over 925 self-storage facilities in 32 states & Ontario, Canada
Warehouse Anywhere, Life Storage's Third-Party Logistics Solution, Launches Third Micro-Fulfillment Center in Partner...
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.
Life Storage, Inc. Reports Fourth Quarter and Full Year 2020 Results
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.
Why Life Storage (LSI) Might Surprise This Earnings Season
Life Storage (LSI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Life Storage, Inc. Announces Changes to the Board of Directors
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.
4 REITs Boosting Investor Hopes in Q4 Earnings Amid Pandemic Blues
As the performance of REITs depends on the underlying asset types and location of properties, not all companies suffered pandemic-related setbacks in Q4.
Which Self-Storage REITs Are Best Buys Now?
The self-storage industry is growing, but which of the top players in the space is most attractive?
Life Storage, Inc. Announces Date and Time of 4th Quarter and Full Year 2020 Earnings Release and Conference Call
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.
Storage REITs: Riding The Housing Boom
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 amid the pa...
Life Storage, Inc. Announces Tax Reporting Information for 2020 Distributions
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.
Life Storage, Inc. Announces a 3.7% Increase to its Common Stock Dividend and a Three-for-Two Stock Split
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.
