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Life Storage, Inc. (LSI)

NYSE: LSI · IEX Real-Time Price · USD
122.63 1.01 (0.83%)
Sep 20, 2021 11:10 AM EDT - Market open
Market Cap9.93B
Revenue (ttm)681.96M
Net Income (ttm)183.58M
Shares Out77.06M
EPS (ttm)2.47
PE Ratio49.71
Forward PEn/a
Dividend$2.93 (2.39%)
Ex-Dividend DateJul 13, 2021
Volume59,748
Open120.70
Previous Close121.62
Day's Range120.28 - 122.74
52-Week Range66.07 - 129.87
Beta0.32
AnalystsBuy
Price Target129.40 (+5.5%)
Est. Earnings DateNov 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.

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

Price Target
$129.40
(5.52% upside)
Analyst Consensus: Buy

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.

3 days 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.

3 days 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.

6 days 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.

6 days 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.

2 weeks 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?

1 month 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.

1 month 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.

2 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
2 months ago - InvestorPlace

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.

2 months ago - Business Wire

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?

4 months ago - Zacks Investment Research

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.

4 months ago - Business Wire

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...

Other symbols:CUBEEXRNSAPSA
4 months ago - 24/7 Wall Street

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

5 months ago - Business Wire

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.

6 months ago - Business Wire

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.

6 months ago - Business Wire

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.

7 months ago - Zacks Investment Research

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.

7 months ago - Business Wire

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.

Other symbols:AMTHTANSA
7 months ago - Zacks Investment Research

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?

Other symbols:EXRNSAPSA
7 months ago - The Motley Fool

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.

7 months ago - Business Wire

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...

Other symbols:CUBEEXRNSAPSASELF
7 months ago - Seeking Alpha

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.

8 months ago - Business Wire

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.

8 months ago - Business Wire

Top 10 REITs For 2021

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.

8 months ago - Seeking Alpha