Last 7 days
-1.9%
Last 30 days
2.6%
Last 90 days
-0.5%
Trailing 12 Months
16.4%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-07-20 | ROGERS DAVID L | back to issuer | - | - | -142,803 | - |
2023-07-20 | Harnett Sue | back to issuer | - | - | -3,165 | - |
2023-07-20 | Barberio Mark G | back to issuer | - | - | -9,000 | - |
2023-07-20 | Havener Arthur L Jr | back to issuer | - | - | -481 | - |
2023-07-20 | Saffire Joseph | back to issuer | - | - | -107,346 | ceo |
2023-07-20 | Barberio Mark G | back to issuer | - | - | -13,972 | - |
2023-07-20 | PETTINELLA EDWARD J | back to issuer | - | - | -22,652 | - |
2023-07-20 | Rusmisel Stephen R | back to issuer | - | - | -17,801 | - |
2023-07-20 | HAMILTON DANA | back to issuer | - | - | -3,811 | - |
2023-07-20 | Barberio Mark G | back to issuer | - | - | -675 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | new | - | 20,094,600 | 20,094,600 | 0.52% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 13.00 | 931 | -% |
2023-08-24 | Alberta Investment Management Corp | new | - | 1,341,300 | 1,341,300 | 0.01% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 33.00 | 2,393 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -26.12 | -242,088 | 773,912 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -10.22 | -1,123,660 | 11,449,200 | 0.11% |
2023-08-21 | BOKF, NA | reduced | -2.79 | -32,413 | 2,281,200 | 0.05% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.62 | -171,774 | 13,744,700 | 0.02% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -6.41 | -231,000 | 4,302,000 | 0.04% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -33.85 | -1,593,650 | 3,250,150 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 15.05% | 12,792,584 | SC 13G/A | |
Feb 06, 2023 | wellington management group llp | 4.11% | 3,492,809 | SC 13G/A | |
Jan 31, 2023 | state street corp | 5.50% | 4,675,767 | SC 13G | |
Jan 26, 2023 | blackrock inc. | 11.4% | 9,673,399 | SC 13G/A | |
Jan 20, 2023 | blackrock inc. | 11.4% | 9,673,399 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 14.81% | 12,145,643 | SC 13G/A | |
Feb 04, 2022 | wellington management group llp | 6.02% | 4,938,145 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 12.9% | 10,610,769 | SC 13G/A | |
Jan 26, 2022 | blackrock inc. | 12.9% | 10,610,769 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 14.21% | 6,903,928 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Jul 31, 2023 | 15-12G | 15-12G | |
Jul 31, 2023 | 15-12G | 15-12G | |
Jul 21, 2023 | EFFECT | EFFECT | |
Jul 21, 2023 | EFFECT | EFFECT | |
Jul 21, 2023 | EFFECT | EFFECT | |
Jul 21, 2023 | EFFECT | EFFECT | |
Jul 20, 2023 | POS AM | POS AM | |
Jul 20, 2023 | POS AM | POS AM | |
Jul 20, 2023 | POS AM | POS AM | |
Jul 20, 2023 | POS AM | POS AM |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 38.3B | 5.1B | 5.88% | 19.36% | 89.57 | 7.47 | 13.73% | -68.04% |
EQR | 23.7B | 2.0B | -0.94% | -9.83% | 28.39 | 11.73 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -1.78% | -21.80% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 11.4B | 1.8B | -1.65% | -8.89% | 28.27 | 6.5 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 8.0B | 1.1B | 1.83% | 2.50% | 20.52 | 7.18 | 8.31% | 38.10% |
KRG | 4.9B | 820.5M | 3.48% | 19.66% | 174.46 | 5.97 | 29.95% | 125.56% |
VNO | 4.8B | 1.8B | 19.66% | -1.21% | -12.91 | 2.63 | 5.60% | -286.96% |
MAC | 2.6B | 866.2M | 4.87% | 36.72% | -29.3 | 2.95 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SLG | 2.7B | 882.0M | 26.74% | -0.07% | -6.14 | 3.08 | 11.76% | -239.94% |
SKT | 2.4B | 426.3M | -1.04% | 52.78% | 25.4 | 5.64 | 1.38% | 137.97% |
PGRE | 1.1B | 732.3M | 9.89% | -25.11% | -13.31 | 1.55 | -0.03% | -4012.90% |
AIV | 1.0B | 339.3M | -9.41% | -15.44% | -5.79 | 3.02 | 88.48% | -168.70% |
14.9%
13.4%
19.5%
30.8%
44.2%
36.1%
0%
Y-axis is the maximum loss one would have experienced if Life Storage was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
Revenue | 3.9% | 1,078 | 1,038 | 985 | 920 | 850 | 789 | 734 | 682 | 642 | 617 | 598 | 587 | 585 | 575 | 565 | 561 | 554 | 551 | 546 | 540 | 535 |
S&GA Expenses | 15.5% | 89.00 | 77.00 | 70.00 | 68.00 | 64.00 | 63.00 | 59.00 | 56.00 | 53.00 | 52.00 | 51.00 | 49.00 | 47.00 | 47.00 | 47.00 | 47.00 | 49.00 | 48.00 | 47.00 | 46.00 | 51.00 |
Interest Expenses | 8.1% | 118 | 109 | 102 | 95.00 | 91.00 | 87.00 | 87.00 | 87.00 | 86.00 | 86.00 | 81.00 | 80.00 | 79.00 | 76.00 | 74.00 | 73.00 | 71.00 | 71.00 | 80.00 | 78.00 | 76.00 |
Net Income | 2.2% | 366 | 358 | 338 | 310 | 276 | 249 | 217 | 184 | 163 | 152 | 153 | 256 | 261 | 259 | 308 | 209 | 207 | 207 | 135 | 130 | 110 |
Net Income Margin | -1.6% | 0.34* | 0.34* | 0.34* | 0.38* | 0.32* | 0.32* | 0.30* | 0.27* | 0.25* | 0.25* | 0.26* | 0.44* | 0.45* | 0.45* | - | - | - | - | - | - | - |
Free Cashflow | 2.7% | 602 | 587 | 567 | 515 | 472 | 434 | 395 | 351 | 321 | 299 | 291 | 286 | 289 | 279 | - | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
Assets | -0.2% | 7,377 | 7,388 | 7,248 | 6,967 | 6,759 | 6,557 | 5,661 | 5,195 | 4,931 | 4,728 | 4,689 | 4,311 | 4,339 | 4,233 | 4,189 | 4,035 | 3,959 | 3,892 | 3,869 | 3,863 | 3,869 |
Cash Equivalents | 34.2% | 33.00 | 24.00 | 22.00 | 33.00 | 50.00 | 172 | 136 | 30.00 | 14.00 | 54.00 | 110 | 10.00 | 21.00 | 17.00 | 16.00 | 46.00 | 9.00 | 14.00 | 13.00 | 7.00 | 8.00 |
Liabilities | 0.3% | 3,575 | 3,564 | 3,430 | 3,242 | 3,062 | 2,944 | 2,348 | 2,466 | 2,353 | 2,323 | 2,413 | 2,156 | 2,171 | 2,074 | 2,027 | 1,969 | 1,888 | 1,811 | 1,839 | 1,829 | 1,832 |
Shareholder's Equity | -1.6% | 3,565 | 3,622 | 3,608 | 3,520 | 3,475 | 3,379 | 3,182 | 2,693 | 2,549 | 2,378 | 2,250 | 2,133 | 2,148 | 2,133 | 2,135 | 2,042 | 2,047 | 2,058 | 2,010 | 2,013 | 2,019 |
Additional Paid-In Capital | 0.0% | 3,885 | 3,886 | 3,883 | 3,801 | 3,792 | 3,697 | 3,483 | 3,003 | 2,853 | 2,671 | 2,533 | 2,400 | 2,399 | 2,377 | 2,376 | 2,374 | 2,374 | 2,372 | 2,370 | 2,369 | 2,365 |
Shares Outstanding | 0.0% | 85.00 | 85.00 | 85.00 | 84.00 | 84.00 | 84.00 | 79.00 | 77.00 | 75.00 | 74.00 | 71.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 | 70.00 |
Minority Interest | -0.1% | 5.00 | 5.00 | 5.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 | 2018Q1 |
Cashflow From Operations | 2.7% | 602 | 587 | 567 | 515 | 472 | 434 | 395 | 351 | 321 | 299 | 291 | 286 | 289 | 279 | 279 | 271 | 268 | 262 | 251 | 250 | 250 |
Share Based Compensation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cashflow From Investing | 29.9% | -799 | -1,140 | -1,771 | -1,752 | -1,774 | -1,680 | -987 | -986 | -720 | -575 | -521 | -306 | -357 | -302 | -227 | -168 | -121 | -55.70 | -72.65 | -65.54 | -113 |
Cashflow From Financing | -55.6% | 181 | 406 | 1,091 | 1,241 | 1,339 | 1,364 | 618 | 656 | 393 | 314 | 324 | -15.65 | 81.00 | 31.00 | -49.23 | -59.49 | -141 | -201 | -166 | -185 | -133 |
Dividend Payments | 5.2% | 369 | 351 | 330 | 296 | 269 | 241 | 223 | 215 | 208 | 202 | 197 | 193 | 190 | 187 | 187 | 186 | 186 | 186 | 186 | 186 | 186 |
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Revenues | ||
Rental income | $ 240,483 | $ 205,509 |
Total operating revenues | 273,602 | 233,490 |
Expenses | ||
Property operations and maintenance | 47,306 | 42,368 |
Tenant reinsurance | 9,220 | 6,847 |
Real estate taxes | 27,437 | 24,523 |
General and administrative | 27,818 | 15,826 |
Depreciation and amortization | 47,769 | 46,401 |
Total operating expenses | 159,550 | 135,965 |
Gain on sale of non-real estate assets | 686 | 0 |
Income from operations | 114,738 | 97,525 |
Other income (expenses) | ||
Interest expense | (33,113) | (24,240) |
Interest and dividend income | 12 | 15 |
Equity in income of joint ventures | 1,629 | 2,118 |
Net income | 83,266 | 75,418 |
Net loss attributable to noncontrolling interests in consolidated subsidiary | 5 | 0 |
Net income attributable to common shareholders | $ 81,608 | $ 73,575 |
Earnings per common share/unit attributable to common shareholders/unitholders - basic | $ 0.96 | $ 0.88 |
Earnings per common share/unit attributable to common shareholders/unitholders - diluted | $ 0.96 | $ 0.88 |
Common shares/units used in basic earnings per share/unit calculation | 84,935,860 | 83,644,426 |
Common shares/units used in diluted earnings per share/unit calculation | 85,378,412 | 83,837,773 |
Dividends/distributions declared per common share/unit | $ 1.20 | $ 1.00 |
Tenant reinsurance [Member] | ||
Revenues | ||
Other operating income | $ 20,291 | $ 17,267 |
Other operating income [Member] | ||
Revenues | ||
Other operating income | 12,828 | 10,714 |
Redeemable Preferred Stock [Member] | ||
Other income (expenses) | ||
Net income attributable to noncontrolling interest in the Operating Partnership | (330) | (996) |
Redeemable Common Stock [Member] | ||
Other income (expenses) | ||
Net income attributable to noncontrolling interest in the Operating Partnership | (1,333) | (847) |
Life Storage LP [Member] | ||
Revenues | ||
Rental income | 240,483 | 205,509 |
Total operating revenues | 273,602 | 233,490 |
Expenses | ||
Property operations and maintenance | 47,306 | 42,368 |
Tenant reinsurance | 9,220 | 6,847 |
Real estate taxes | 27,437 | 24,523 |
General and administrative | 27,818 | 15,826 |
Depreciation and amortization | 47,769 | 46,401 |
Total operating expenses | 159,550 | 135,965 |
Gain on sale of non-real estate assets | 686 | 0 |
Income from operations | 114,738 | 97,525 |
Other income (expenses) | ||
Interest expense | (33,113) | (24,240) |
Interest and dividend income | 12 | 15 |
Equity in income of joint ventures | 1,629 | 2,118 |
Net income | 83,266 | 75,418 |
Net loss attributable to noncontrolling interests in consolidated subsidiary | 5 | 0 |
Net income attributable to common shareholders | $ 81,608 | $ 73,575 |
Earnings per common share/unit attributable to common shareholders/unitholders - basic | $ 0.96 | $ 0.88 |
Earnings per common share/unit attributable to common shareholders/unitholders - diluted | $ 0.96 | $ 0.88 |
Common shares/units used in basic earnings per share/unit calculation | 84,935,860 | 83,644,426 |
Common shares/units used in diluted earnings per share/unit calculation | 85,378,412 | 83,837,773 |
Dividends/distributions declared per common share/unit | $ 1.20 | $ 1.00 |
Net income attributable to general partner | $ 833 | $ 754 |
Net income attributable to limited partners | 80,775 | 72,821 |
Life Storage LP [Member] | Tenant reinsurance [Member] | ||
Revenues | ||
Other operating income | 20,291 | 17,267 |
Life Storage LP [Member] | Other operating income [Member] | ||
Revenues | ||
Other operating income | 12,828 | 10,714 |
Life Storage LP [Member] | Redeemable Preferred Stock [Member] | ||
Other income (expenses) | ||
Net income attributable to noncontrolling interest in the Operating Partnership | (330) | (996) |
Life Storage LP [Member] | Redeemable Common Stock [Member] | ||
Other income (expenses) | ||
Net income attributable to noncontrolling interest in the Operating Partnership | $ (1,333) | $ (847) |
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Investment in storage facilities: | ||
Land | $ 1,309,475 | $ 1,307,425 |
Building, equipment, and construction in progress | 6,886,522 | 6,864,381 |
Real estate investment property, at cost, total | 8,195,997 | 8,171,806 |
Less: accumulated depreciation | (1,215,348) | (1,170,520) |
Investment in storage facilities, net | 6,980,649 | 7,001,286 |
Cash and cash equivalents | 32,765 | 24,406 |
Accounts receivable | 23,281 | 24,153 |
Receivable from unconsolidated joint ventures | 795 | 1,562 |
Investment in unconsolidated joint ventures | 276,436 | 275,190 |
Prepaid expenses | 14,165 | 10,363 |
Trade name | 16,500 | 16,500 |
Other assets | 31,963 | 34,270 |
Total Assets | 7,376,554 | 7,387,730 |
Liabilities | ||
Line of credit | 619,000 | 595,000 |
Term notes, net | 2,752,580 | 2,751,632 |
Accounts payable and accrued liabilities | 136,409 | 148,130 |
Deferred revenue | 34,530 | 33,192 |
Mortgages payable | 32,466 | 36,258 |
Total Liabilities | 3,574,985 | 3,564,212 |
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value | 30,090 | 89,077 |
Noncontrolling redeemable Common Operating Partnership Units | 201,373 | 107,074 |
Shareholders' Equity/ Partners' Capital | ||
Common stock $.01 par value, 200,000,000 shares authorized, 85,061,573 shares outstanding at March 31, 2023 (85,019,884 at December 31, 2022) | 851 | 850 |
Additional paid-in capital | 3,884,890 | 3,886,317 |
Dividends in excess of net income | (317,570) | (261,510) |
Accumulated other comprehensive loss | (2,978) | (3,207) |
Total Shareholders’ Equity | 3,565,193 | 3,622,450 |
Noncontrolling interest in consolidated subsidiary | 4,913 | 4,917 |
Total Equity | 3,570,106 | 3,627,367 |
Total Liabilities and Equity | 7,376,554 | 7,387,730 |
Life Storage LP [Member] | ||
Investment in storage facilities: | ||
Land | 1,309,475 | 1,307,425 |
Building, equipment, and construction in progress | 6,886,522 | 6,864,381 |
Real estate investment property, at cost, total | 8,195,997 | 8,171,806 |
Less: accumulated depreciation | (1,215,348) | (1,170,520) |
Investment in storage facilities, net | 6,980,649 | 7,001,286 |
Cash and cash equivalents | 32,765 | 24,406 |
Accounts receivable | 23,281 | 24,153 |
Receivable from unconsolidated joint ventures | 795 | 1,562 |
Investment in unconsolidated joint ventures | 276,436 | 275,190 |
Prepaid expenses | 14,165 | 10,363 |
Trade name | 16,500 | 16,500 |
Other assets | 31,963 | 34,270 |
Total Assets | 7,376,554 | 7,387,730 |
Liabilities | ||
Line of credit | 619,000 | 595,000 |
Term notes, net | 2,752,580 | 2,751,632 |
Accounts payable and accrued liabilities | 136,409 | 148,130 |
Deferred revenue | 34,530 | 33,192 |
Mortgages payable | 32,466 | 36,258 |
Total Liabilities | 3,574,985 | 3,564,212 |
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value | 30,090 | 89,077 |
Noncontrolling redeemable Common Operating Partnership Units | 201,373 | 107,074 |
Shareholders' Equity/ Partners' Capital | ||
General partner (1 and 893,360 units outstanding at March 31, 2023 and December 31, 2022, respectively) | 38,019 | 38,247 |
Limited partners (1 and 84,126,524 units outstanding at March 31, 2023 and December 31, 2022, respectively) | 3,530,152 | 3,587,410 |
Accumulated other comprehensive loss | (2,978) | (3,207) |
Total Controlling Partners Capital | 3,565,193 | 3,622,450 |
Noncontrolling interest in consolidated subsidiary | 4,913 | 4,917 |
Total Partners' Capital | 3,570,106 | 3,627,367 |
Total Liabilities and Equity | $ 7,376,554 | $ 7,387,730 |