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LSI

102.79USD-3.58(-3.37%)Market Closed

Life Storage Inc

Market Summary

USD102.79-3.58Market Closed
-3.37%

LSI Stock Price

RSI Chart

Valuation

Market Cap

9.4B

Price/Earnings

30.34

Price/Sales

10.23

Price/Cashflow

18.3

Price/Sales

Profitability

Return on Equity

8.81%

Return on Assets

4.45%

Fundamentals

Revenue

Revenue (TTM)

920.0M

Revenue Y/Y

37.27%

Revenue Q/Q

10.09%

Earnings

Earnings (TTM)

310.3M

Earnings Y/Y

60.41%

Earnings Q/Q

25.4%

Price Action

52 Week Range

97.50149.28
(Low)(High)

Last 7 days

-1.0%

Last 30 days

0.0%

Last 90 days

-19.8%

Trailing 12 Months

-18.5%

Financial Health

Debt/Equity

0.88

Debt/Cashflow

0.17

Investor Care

Dividend Yield

3.27%

Dividend/Share (TTM)

3.65

Shares Dilution (1Y)

7.75%

Diluted EPS (TTM)

3.76

Peers (Alternatives to Life Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
0.18% -5.58%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
14.38% -25.80%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
10.97% -31.33%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
10.01% -24.70%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
-0.49% -25.34%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
10.83% -4.54%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
15.16% -12.90%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.84% -39.00%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
18.80% 3.41%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
5.73% -40.72%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
29.40% -33.33%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
11.69% -7.50%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-4.66% -28.04%
538.82
1.96
2.16% 107.41%
1.2B
-
7.32% 2.24%
5
3.44
120.87% 1462.96%

Financials for Life Storage

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue8.2%920850789734682
  S&GA Expenses5.5%6864635956
Net Income12.6%310276249217184
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets3.1%6,9676,7596,5575,6615,195
    Cash Equivalents-35.0%335017213630
Liabilities5.9%3,2423,0622,9442,3482,466
  Long Term Debt5.7%3,1152,9472,8122,2122,352
Shareholder's Equity1.3%3,5203,4753,3793,1822,693
  Additional Paid-In Capital0.3%3,8013,7923,6973,4833,003
Shares Outstanding0.1%8484848278
Float-8,378----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations9.0%515472434395351
  Share Based Compensation725.0%71
Cashflow From Investing1.3%-1,752.15-1,774.87-1,680.73-987.03-986.91
Cashflow From Financing-7.4%1,2411,3391,364618656
  Dividend Payments10.2%296269241223215

Risks

What is the probability of a big loss on LSI?

31.1%


Probability that Life Storage stock will be more than 20% underwater in next one year

28.5%


Probability that Life Storage stock will be more than 30% underwater in next one year.

0%


Probability that Life Storage stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LSI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Life Storage was unfortunately bought at previous high price.

Returns

Cumulative Returns on LSI

14.2%


10-Year Cumulative Returns

11.0%


7-Year Cumulative Returns

16.4%


5-Year Cumulative Returns

17.2%


3-Year Cumulative Returns

What are the long-term rolling returns for LSI?

FIve years rolling returns for Life Storage.

Which funds bought or sold LSI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Invst, LLC
UNCHANGED
-
-60,000
222,000
0.04%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
21.14
44,000
265,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,082,000
4,082,000
0.05%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-265,000
11,750,000
0.02%
2022-11-21
Ninepoint Partners LP
-
-
-2,000
241,000
0.03%
2022-11-17
M&T Bank Corp
-
-
22,000
1,094,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
NEW
-
1,387,000
1,387,000
0.01%
2022-11-16
Neo Ivy Capital Management
ADDED
0.53
-1,000
358,000
0.94%
2022-11-16
LIBERTY ONE INVESTMENT MANAGEMENT, LLC
NEW
-
1,796,000
1,796,000
0.30%
2022-11-16
Retirement Systems of Alabama
ADDED
2.51
459,000
27,790,000
0.13%

1–10 of 46

Latest Funds Activity

Are funds buying LSI calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own LSI

Life Storage News

MarketWatch

Public Storage stock outperforms competitors on strong trading day.2 days ago

LSI Fair Value

Recent SEC filings of Life Storage

View All Filings
Date Filed Form Type Document
Nov 23, 2022
S-8
Employee Benefits Plan
Nov 03, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report
Oct 25, 2022
8-K
Current Report
Aug 29, 2022
4
Insider Trading

Latest Insider Trading transactions for LSI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-09
Saffire Joseph
SOLD
-661,874
131.22
-5,044
CEO
2022-05-26
Barberio Mark G
ACQUIRED
-
-
967
-
2022-05-26
Harnett Sue
ACQUIRED
-
-
967
-
2022-05-26
PETTINELLA EDWARD J
ACQUIRED
-
-
967
-
2022-05-26
ROGERS DAVID L
ACQUIRED
-
-
967
-
2022-03-18
Rusmisel Stephen R
SOLD
-337,575
135.03
-2,500
-
2022-03-18
Rusmisel Stephen R
ACQUIRED
172,988
32.95
5,250
-
2022-03-17
Saffire Joseph
SOLD
-538,160
134.54
-4,000
CEO
2022-03-14
Gregoire Andrew J
SOLD
-912,030
130.29
-7,000
CFO
2022-03-11
Saffire Joseph
SOLD
-1,178,550
130.95
-9,000
CEO

1–10 of 50

Joseph V. Saffire
2240
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.

LSI Income Statement

2022-09-30
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Rental income$ 241,261$ 182,937$ 674,008$ 496,316
Total operating revenues272,954208,256763,489567,406
Expenses    
Property operations and maintenance47,90636,410132,733103,519
Tenant reinsurance9,0336,22822,36116,434
Real estate taxes25,70221,39775,58161,794
General and administrative18,49316,14152,99545,407
Depreciation and amortization48,71137,158143,187106,287
Total operating expenses149,845117,334426,857333,441
Gain on sale of non-real estate assets2,84104,8060
Income from operations125,95090,922341,438233,965
Other income (expenses)    
Interest expense(28,010)(21,350)(77,755)(62,470)
Interest and dividend income5224787
Equity in income of joint ventures2,7991,4776,8324,126
Net income100,74471,051270,539176,408
Net income attributable to noncontrolling interests in consolidated subsidiary(9)0(9)0
Net income attributable to common shareholders/unitholders$ 98,505$ 70,274$ 264,344$ 175,172
Earnings per common share/unit attributable to common shareholders/unitholders - basic$ 1.16$ 0.89$ 3.14$ 2.27
Earnings per common share/unit attributable to common shareholders/unitholders - diluted$ 1.16$ 0.89$ 3.14$ 2.27
Common shares/units used in basic earnings per share/unit calculation84,472,97978,961,43484,129,26177,135,429
Common shares/units used in diluted earnings per share/unit calculation85,396,53979,179,81684,554,16577,303,339
Dividends/distributions declared per common share/unit$ 1.08$ 0.74$ 3.08$ 2.22
Other operating income [Member]    
Revenues    
Other operating income$ 12,651$ 9,834$ 34,914$ 29,280
Tenant reinsurance [Member]    
Revenues    
Other operating income19,04215,48554,56741,810
Redeemable Preferred Stock [Member]    
Other income (expenses)    
Net income attributable to noncontrolling interest in the Operating Partnership(999)(476)(3,002)(476)
Redeemable Common Stock [Member]    
Other income (expenses)    
Net income attributable to noncontrolling interest in the Operating Partnership(1,231)(301)(3,184)(760)
Life Storage LP [Member]    
Revenues    
Rental income241,261182,937674,008496,316
Total operating revenues272,954208,256763,489567,406
Expenses    
Property operations and maintenance47,90636,410132,733103,519
Tenant reinsurance9,0336,22822,36116,434
Real estate taxes25,70221,39775,58161,794
General and administrative18,49316,14152,99545,407
Depreciation and amortization48,71137,158143,187106,287
Total operating expenses149,845117,334426,857333,441
Gain on sale of non-real estate assets2,84104,8060
Income from operations125,95090,922341,438233,965
Other income (expenses)    
Interest expense(28,010)(21,350)(77,755)(62,470)
Interest and dividend income5224787
Equity in income of joint ventures2,7991,4776,8324,126
Net income100,74471,051270,539176,408
Net income attributable to noncontrolling interests in consolidated subsidiary(9)0(9)0
Net income attributable to common shareholders/unitholders$ 98,505$ 70,274$ 264,344$ 175,172
Earnings per common share/unit attributable to common shareholders/unitholders - basic$ 1.16$ 0.89$ 3.14$ 2.27
Earnings per common share/unit attributable to common shareholders/unitholders - diluted$ 1.16$ 0.89$ 3.14$ 2.27
Common shares/units used in basic earnings per share/unit calculation84,472,97978,961,43484,129,26177,135,429
Common shares/units used in diluted earnings per share/unit calculation85,396,53979,179,81684,554,16577,303,339
Dividends/distributions declared per common share/unit$ 1.08$ 0.74$ 3.08$ 2.22
Net income attributable to general partner$ 1,007$ 711$ 2,705$ 1,764
Net income attributable to limited partners97,49869,563261,639173,408
Life Storage LP [Member] | Other operating income [Member]    
Revenues    
Other operating income12,6519,83434,91429,280
Life Storage LP [Member] | Tenant reinsurance [Member]    
Revenues    
Other operating income19,04215,48554,56741,810
Life Storage LP [Member] | Redeemable Preferred Stock [Member]    
Other income (expenses)    
Net income attributable to noncontrolling interest in the Operating Partnership(999)(476)(3,002)(476)
Life Storage LP [Member] | Redeemable Common Stock [Member]    
Other income (expenses)    
Net income attributable to noncontrolling interest in the Operating Partnership$ (1,231)$ (301)$ (3,184)$ (760)

LSI Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investment in storage facilities:  
Land$ 1,293,597$ 1,185,976
Building, equipment, and construction in progress6,708,2465,904,481
Real estate investment property, at cost, total8,001,8437,090,457
Less: accumulated depreciation(1,128,083)(1,007,650)
Investment in storage facilities, net6,873,7606,082,807
Cash and cash equivalents22,498171,865
Accounts receivable22,82917,784
Receivable from unconsolidated joint ventures1,087333
Investment in unconsolidated joint ventures254,728213,003
Prepaid expenses13,0429,918
Trade name16,50016,500
Other assets43,95744,387
Total Assets7,248,4016,556,597
Liabilities  
Line of credit456,0000
Term notes, net2,750,6832,747,838
Accounts payable and accrued liabilities153,575131,778
Deferred revenue33,64627,277
Mortgages payable36,45437,030
Total Liabilities3,430,3582,943,923
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value89,07790,783
Noncontrolling redeemable Common Operating Partnership Units at redemption value116,190142,892
Shareholders' Equity/ Partners' Capital  
Common stock $.01 par value, 200,000,000 shares authorized, 84,995,100 shares outstanding at September 30, 2022 (83,565,710 at December 31, 2021)850836
Additional paid-in capital3,883,0473,697,000
Dividends in excess of net income(272,608)(314,713)
Accumulated other comprehensive loss(3,437)(4,124)
Total Shareholders’ Equity3,607,8523,378,999
Noncontrolling interest in consolidated subsidiary4,9240
Total Equity3,612,7763,378,999
Total Liabilities and Equity7,248,4016,556,597
Life Storage LP [Member]  
Investment in storage facilities:  
Land1,293,5971,185,976
Building, equipment, and construction in progress6,708,2465,904,481
Real estate investment property, at cost, total8,001,8437,090,457
Less: accumulated depreciation(1,128,083)(1,007,650)
Investment in storage facilities, net6,873,7606,082,807
Cash and cash equivalents22,498171,865
Accounts receivable22,82917,784
Receivable from unconsolidated joint ventures1,087333
Investment in unconsolidated joint ventures254,728213,003
Prepaid expenses13,0429,918
Trade name16,50016,500
Other assets43,95744,387
Total Assets7,248,4016,556,597
Liabilities  
Line of credit456,0000
Term notes, net2,750,6832,747,838
Accounts payable and accrued liabilities153,575131,778
Deferred revenue33,64627,277
Mortgages payable36,45437,030
Total Liabilities3,430,3582,943,923
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value89,07790,783
Noncontrolling redeemable Common Operating Partnership Units at redemption value116,190142,892
Shareholders' Equity/ Partners' Capital  
General partner (893,109 and 881,030 units outstanding at September 30, 2022 and December 31, 2021, respectively)38,18536,131
Limited partners (84,101,991 and 82,684,680 units outstanding at September 30, 2022 and December 31, 2021, respectively)3,573,1043,346,992
Accumulated other comprehensive loss(3,437)(4,124)
Total Controlling Partners Capital3,607,8523,378,999
Noncontrolling interest in consolidated subsidiary4,9240
Total Partners' Capital3,612,7763,378,999
Total Liabilities and Equity$ 7,248,401$ 6,556,597