Life Storage, Inc. (LSI)

NYSE: LSI · IEX Real-Time Price · USD
110.58
-1.20 (-1.07%)
Feb 3, 2023, 4:00 PM EST - Market closed
-1.07%
Market Cap 9.40B
Revenue (ttm) 984.65M
Net Income (ttm) 338.49M
Shares Out 85.00M
EPS (ttm) 4.03
PE Ratio 27.44
Forward PE 23.26
Dividend $4.16 (3.76%)
Ex-Dividend Date Oct 13, 2022
Volume 381,630
Open 110.28
Previous Close 111.78
Day's Range 108.84 - 110.79
52-Week Range 94.02 - 151.76
Beta 0.62
Analysts Buy
Price Target 129.97 (+17.54%)
Earnings Date Feb 24, 2023

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. [Read more]

Sector Real Estate
IPO Date Jun 20, 1995
Employees 2,241
Stock Exchange NYSE
Ticker Symbol LSI
Full Company Profile

Financial Performance

In 2021, Life Storage's revenue was $788.57 million, an increase of 27.85% compared to the previous year's $616.77 million. Earnings were $249.32 million, an increase of 64.49%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for LSI stock is "Buy." The 12-month stock price forecast is $129.97, which is an increase of 17.54% from the latest price.

Price Target
$129.97
(17.54% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Life Storage, Inc. Announces Date and Time of 4th Quarter and Full Year 2022 Earnings Release and Conference Call

BUFFALO, N.Y.--(BUSINESS WIRE)--Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, will issue financial results for the quarter ended December 31, 2022...

2 days ago - Business Wire

2 “Recession-Resistant” Dividends Built For 2023

Look, we're probably going to see a recession in 2023. And if you're like most folks, you're wondering how to respond.

Other symbols: CNQ
1 week ago - Forbes

Life Storage, Inc. Announces Tax Reporting Information for 2022 Distributions

BUFFALO, N.Y.--(BUSINESS WIRE)--Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the tax allocations of the Company's 2022 dividend di...

2 weeks ago - Business Wire

Life Storage (LSI) Hikes Dividend by 11.1%: Worth a Look?

Maintaining its impressive track record of increasing dividends, Life Storage (LSI) announces an 11.1% hike in quarterly distributions.

1 month ago - Zacks Investment Research

Life Storage boosts dividend 11%, to lift yield to nearly 4.9%

Life Storage Inc. LSI, -1.44% said Tuesday it has raised its quarterly dividend by 11.1%, to $1.20 a share from $1.08 a share. The new dividend will be payable Jan. 26 to shareholders of record on Jan...

1 month ago - Market Watch

Life Storage, Inc. Raises Quarterly Common Stock Dividend by 11%

BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today an increase in the Company's quarterly co...

1 month ago - Business Wire

LSI Returns to Europe with 2023 Partnering Event in Barcelona, Spain

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Life Science Intelligence (LSI) today announced it will host its LSI Europe 2023 partnering event at the Hotel Arts Barcelona | The Ritz-Carlton from Septe...

1 month ago - Business Wire

LSI Appoints Vice President of Business Development and Vice President of Growth

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Life Science Intelligence (LSI) today announced that Kelly Williams has joined the company as Vice President of Business Development and Henry Peck has joi...

2 months ago - Business Wire

LSI Announces First Ever Medtech Ecosystem Partner in China

HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Life Science Intelligence (LSI) today announced a multi-year collaboration with Mednovation, an industry hub for executives, entrepreneurs and investors wo...

2 months ago - Business Wire

Life Storage (LSI) Q3 FFO and Revenues Surpass Estimates

Life Storage (LSI) delivered FFO and revenue surprises of 4.22% and 2.92%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Life Storage, Inc. Reports Third Quarter 2022 Results

BUFFALO, N.Y.

3 months ago - Business Wire

Life Storage, Inc. Announces Executive Leadership Succession

BUFFALO, N.Y.

3 months ago - Business Wire

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 2022 earnings on November 2, 2022. The Company operates more than 1,100 self-storage facilities in 37 states.

4 months ago - Business Wire

Life Storage, Inc. Provides Update on Hurricane Ian

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage reports Florida properties operational after Hurricane Ian. The Company operates more than 1,100 self-storage facilities in 37 states.

4 months ago - Business Wire

Life Storage, Inc. Announces Dividend on Common Stock

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces quarterly dividend of common stock. The Company operates more than 1,100 self-storage facilities in 37 states.

4 months ago - Business Wire

Looking for a Growth Stock? 3 Reasons Why Life Storage (LSI) is a Solid Choice

Life Storage (LSI) possesses solid growth attributes, which could help it handily outperform the market.

5 months ago - Zacks Investment Research

Down 14.1% in 4 Weeks, Here's Why You Should You Buy the Dip in Life Storage (LSI)

Life Storage (LSI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revisi...

5 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for September 12th

CGBD, LSI and VSH made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 12, 2022.

Other symbols: CGBDVSH
5 months ago - Zacks Investment Research

Life Storage Wins Newsweek's 2023 Best Customer Service Award

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage receives Newsweek's 2023 Best Customer Service Award. The Company operates more than 1,100 self-storage facilities in 36 states.

5 months ago - Business Wire

3 Reasons Why Life Storage (LSI) Is a Great Growth Stock

Life Storage (LSI) is well positioned to outperform the market, as it exhibits above-average growth in financials.

5 months ago - Zacks Investment Research

The 7 Best Real Estate Stocks to Buy Now

Wall Street isn't shielded from a recession, and with inflation running rampant, it's tough for investors to find places to hide. However, traders have started paying more attention than ever before t...

Other symbols: AMTCCIEQRKIMOPENSPG
6 months ago - InvestorPlace

Life Storage (LSI) Beats Q2 FFO and Revenue Estimates

Life Storage (LSI) delivered FFO and revenue surprises of 7.84% and 4.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Life Storage, Inc. Reports Second Quarter 2022 Results

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for second quarter 2022. The Company operates more than 1,100 self-storage facilities in 36 states.

6 months ago - Business Wire

Should You Buy Life Storage (LSI) Ahead of Earnings?

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

6 months ago - Zacks Investment Research

3 Dividend Stocks to Buy for a Bear Market

Investors looking for dividend stocks to buy for a bear market should focus on buy/hold picks with a history of strong payouts and large cash reserves. The post 3 Dividend Stocks to Buy for a Bear Mar...

Other symbols: CVXT
7 months ago - InvestorPlace