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Life Storage, Inc. (LSI)

Stock Price: $105.58 USD -1.60 (-1.49%)
Updated Jun 16, 2021 3:57 PM EDT - Market open
Market Cap 8.28B
Revenue (ttm) 641.72M
Net Income (ttm) 162.52M
Shares Out 75.39M
EPS (ttm) 2.24
PE Ratio 47.05
Forward PE n/a
Dividend $2.91
Dividend Yield 2.75%
Trading Day June 16
Last Price $105.58
Previous Close $107.18
Change ($) -1.60
Change (%) -1.49%
Day's Open 107.43
Day's Range 105.54 - 107.90
Day's Volume 373,136
52-Week Range 58.41 - 108.18

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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?

1 month ago - Zacks Investment Research

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.

1 month ago - Business Wire

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 stocks mentioned: CUBE, EXR, NSA, PSA
1 month ago - 24/7 Wall Street

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

2 months ago - Business Wire

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces quarterly dividend of $0.74 per share. The Company operates over 925 self-storage facilities in 32 states and Ontario, Canada.

2 months ago - Business Wire

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.

3 months ago - Business Wire

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.

3 months ago - Business Wire

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

3 months ago - Zacks Investment Research

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 months ago - Business Wire

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
4 months ago - Zacks Investment Research

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

Other stocks mentioned: EXR, NSA, PSA
4 months ago - The Motley Fool

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.

4 months ago - Business Wire

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 stocks mentioned: CUBE, EXR, NSA, PSA, SELF
4 months ago - Seeking Alpha

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.

4 months ago - Business Wire

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.

5 months ago - Business Wire

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 ...
5 months ago - Seeking Alpha

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.

5 months ago - Business Wire

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 third-party...

6 months ago - Seeking Alpha

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

7 months ago - Seeking Alpha

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?

7 months ago - Zacks Investment Research

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.

7 months ago - Business Wire

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 territory this...

Other stocks mentioned: CUBE, EXR, IRM, NSA, PSA, SELF, VNQ
7 months ago - Seeking Alpha

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

8 months ago - Business Wire

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 first on Inve...

8 months ago - InvestorPlace

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
8 months ago - Seeking Alpha

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.

8 months ago - Business Wire

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

9 months ago - Business Wire

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.

9 months ago - Zacks Investment Research

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

9 months ago - Business Wire

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

10 months ago - Seeking Alpha

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?

10 months ago - Zacks Investment Research

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

10 months ago - Business Wire

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

1 year ago - Seeking Alpha

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

1 year ago - Zacks Investment Research

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
1 year ago - InvestorPlace

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
1 year ago - Benzinga

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

1 year ago - Seeking Alpha

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?

1 year ago - Zacks Investment Research

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
1 year ago - 24/7 Wall Street

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 funds from op...

1 year ago - Benzinga

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

1 year ago - Zacks Investment Research

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
1 year ago - Zacks Investment Research

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
1 year ago - InvestorPlace

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

1 year ago - Seeking Alpha

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?

1 year ago - Zacks Investment Research

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

1 year ago - Zacks Investment Research

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

1 year ago - Seeking Alpha

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?

1 year ago - Zacks Investment Research

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.

1 year ago - Zacks Investment Research

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
1 year ago - GuruFocus

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.

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 105.20, which is a decrease of -0.36% from the latest price.

Price Target
$105.20
(-0.36% downside)
Analyst Consensus: Buy