Last 7 days
-7.3%
Last 30 days
-4.9%
Last 90 days
12.9%
Trailing 12 Months
-6.5%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 51.7B | 4.2B | -4.61% | -14.88% | 11.88 | 12.36 | 22.43% | 122.66% |
DLR | 30.0B | 4.7B | -6.82% | -21.36% | 79.47 | 6.4 | 5.96% | -77.90% |
EQR | 22.3B | 2.7B | -9.31% | -29.65% | 28.69 | 8.21 | 11.91% | -41.71% |
ARE | 21.2B | 2.6B | -23.98% | -31.95% | 40.62 | 8.18 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -13.87% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.7B | 1.1B | -13.38% | -14.77% | 20.08 | 7.2 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.03% | -5.22% | -341.02 | 5.37 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -31.59% | -62.57% | -8.47 | 1.63 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -25.44% | -29.31% | -31.63 | 2.43 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 1.9B | 421.4M | -3.41% | 12.84% | 22.56 | 4.55 | 3.35% | 1705.32% |
SLG | 1.7B | 826.7M | -30.54% | -63.53% | -22.04 | 2.08 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -7.76% | -1.93% | 11.27 | 5.46 | 12.08% | 1950.56% |
PGRE | 983.2M | 740.4M | -22.73% | -54.50% | -27.01 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 5.4% | 1,038 | 985 | 920 | 850 | 789 |
S&GA Expenses | 10.0% | 77.00 | 70.00 | 68.00 | 64.00 | 63.00 |
Interest Expenses | 7.0% | 109 | 102 | 95.00 | 91.00 | 87.00 |
Net Income | 5.8% | 358 | 338 | 310 | 276 | 249 |
Net Income Margin | 0.3% | 0.34* | 0.34* | 0.38* | 0.32* | - |
Free Cahsflow | 3.5% | 587 | 567 | 515 | 472 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 1.9% | 7,388 | 7,248 | 6,967 | 6,759 | 6,557 |
Cash Equivalents | 8.5% | 24.00 | 22.00 | 33.00 | 50.00 | 172 |
Liabilities | 3.9% | 3,564 | 3,430 | 3,242 | 3,062 | 2,944 |
Long Term Debt | 5.7% | 3,115 | 2,947 | 2,812 | - | - |
Shareholder's Equity | 0.4% | 3,622 | 3,608 | 3,520 | 3,475 | 3,379 |
Additional Paid-In Capital | 0.1% | 3,886 | 3,883 | 3,801 | 3,792 | 3,697 |
Shares Outstanding | 0.0% | 85.00 | 85.00 | 84.00 | 84.00 | 84.00 |
Minority Interest | -0.5% | 5.00 | 5.00 | - | - | - |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 3.5% | 587 | 567 | 515 | 472 | 434 |
Cashflow From Investing | 35.6% | -1,140 | -1,771 | -1,752 | -1,774 | -1,680 |
Cashflow From Financing | -62.8% | 406 | 1,091 | 1,241 | 1,339 | 1,364 |
Dividend Payments | 6.4% | 351 | 330 | 296 | 269 | 241 |
37.3%
34.6%
0%
Y-axis is the maximum loss one would have experienced if Life Storage was unfortunately bought at previous high price.
15.2%
10.6%
21.0%
24.1%
FIve years rolling returns for Life Storage.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | sold off | -100 | -265,000 | - | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -32.09 | -1,169,040 | 1,781,960 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | -1,000 | 12,000 | -% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | -439 | 2,561 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -1.9 | -1,160,300 | 7,932,700 | 0.01% |
2023-02-27 | CASCADE INVESTMENT GROUP, INC. | new | - | 411,761 | 411,761 | 0.43% |
2023-02-27 | ST GERMAIN D J CO INC | new | - | 27,580 | 27,580 | 0.01% |
2023-02-24 | NATIXIS | added | 168 | 9,836,600 | 16,902,600 | 0.10% |
2023-02-24 | SRS Capital Advisors, Inc. | reduced | -93.18 | -9,409 | 591 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 2.71 | -353,000 | 3,729,000 | 0.04% |
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 |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 80.72 -32.78% | 101.31 -15.64% | 153.14 27.52% | 230.16 91.66% | 299.99 149.80% |
Current Inflation | 74.49 -37.97% | 92.01 -23.38% | 135.83 13.11% | 200.32 66.81% | 258.93 115.61% |
Very High Inflation | 66.84 -44.34% | 80.83 -32.69% | 115.55 -3.78% | 166.01 38.24% | 212.04 76.57% |
Date Filed | Form Type | Document | |
---|---|---|---|
Feb 28, 2023 | 4 | Insider Trading | |
Feb 24, 2023 | 10-K | Annual Report | |
Feb 24, 2023 | 8-K | Current Report | |
Feb 23, 2023 | 8-K | Current Report | |
Feb 22, 2023 | 425 | Prospectus Filed | |
Feb 21, 2023 | 8-K | Current Report | |
Feb 13, 2023 | 4 | Insider Trading | |
Feb 13, 2023 | 4 | Insider Trading | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 06, 2023 | 425 | Prospectus Filed |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-09 | Saffire Joseph | sold (taxes) | -1,910,750 | 122 | -15,584 | ceo |
2023-02-09 | Dodman David P. | sold (taxes) | -148,113 | 122 | -1,208 | coo |
2023-02-09 | Dodman David P. | acquired | - | - | 3,228 | coo |
2023-02-09 | Saffire Joseph | acquired | - | - | 32,479 | ceo |
2022-12-22 | ROGERS DAVID L | gifted | - | - | -2,378 | - |
2022-12-20 | Saffire Joseph | sold | -611,345 | 99.73 | -6,130 | ceo |
2022-12-14 | Dodman David P. | acquired | - | - | 2,791 | coo |
2022-12-14 | Saffire Joseph | acquired | - | - | 16,746 | ceo |
2022-08-09 | Saffire Joseph | sold | -661,874 | 131 | -5,044 | ceo |
2022-05-26 | PETTINELLA EDWARD J | acquired | - | - | 967 | - |
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | |||
Rental income | $ 917,143 | $ 690,758 | $ 539,554 |
Total operating revenues | 1,038,166 | 788,565 | 616,771 |
Expenses | |||
Property operations and maintenance | 179,760 | 143,648 | 122,544 |
Tenant reinsurance | 29,280 | 22,882 | 15,729 |
Real estate taxes | 99,710 | 79,861 | 70,302 |
General and administrative | 77,201 | 62,617 | 52,055 |
Depreciation and amortization | 192,902 | 147,119 | 122,925 |
Total operating expenses | 578,853 | 456,127 | 383,555 |
Gain on sale of non-real estate assets | 5,550 | 0 | 0 |
Gain on sale of real estate | 0 | 0 | 302 |
Income from operations | 464,863 | 332,438 | 233,518 |
Other income (expenses) | |||
Interest expense | (109,240) | (86,786) | (86,015) |
Interest income | 32 | 827 | 19 |
Gain on sale of investments in joint ventures | 1,572 | 0 | 0 |
Equity in income of joint ventures | 9,235 | 5,696 | 4,838 |
Net income | 366,462 | 252,175 | 152,360 |
Net income attributable to noncontrolling interests in consolidated subsidiary | (2) | 0 | 0 |
Net income attributable to common shareholders/unitholders | $ 358,128 | $ 249,317 | $ 151,571 |
Earnings per common share/unit attributable to common shareholders/unitholders - basic | $ 4.25 | $ 3.18 | $ 2.13 |
Earnings per common share/unit attributable to common shareholders/unitholders - diluted | $ 4.22 | $ 3.17 | $ 2.13 |
Redeemable Preferred Stock [Member] | |||
Other income (expenses) | |||
Net income attributable to noncontrolling interest in the Operating Partnership | $ (4,001) | $ (1,494) | $ 0 |
Redeemable Common Stock [Member] | |||
Other income (expenses) | |||
Net income attributable to noncontrolling interest in the Operating Partnership | (4,331) | (1,364) | (789) |
Tenant reinsurance [Member] | |||
Revenues | |||
Other operating income | 73,805 | 58,103 | 44,742 |
Other operating income [Member] | |||
Revenues | |||
Other operating income | 47,218 | 39,704 | 32,475 |
Life Storage LP [Member] | |||
Revenues | |||
Rental income | 917,143 | 690,758 | 539,554 |
Total operating revenues | 1,038,166 | 788,565 | 616,771 |
Expenses | |||
Property operations and maintenance | 179,760 | 143,648 | 122,544 |
Tenant reinsurance | 29,280 | 22,882 | 15,729 |
Real estate taxes | 99,710 | 79,861 | 70,302 |
General and administrative | 77,201 | 62,617 | 52,055 |
Depreciation and amortization | 192,902 | 147,119 | 122,925 |
Total operating expenses | 578,853 | 456,127 | 383,555 |
Gain on sale of non-real estate assets | 5,550 | 0 | 0 |
Gain on sale of real estate | 0 | 0 | 302 |
Income from operations | 464,863 | 332,438 | 233,518 |
Other income (expenses) | |||
Interest expense | (109,240) | (86,786) | (86,015) |
Interest income | 32 | 827 | 19 |
Gain on sale of investments in joint ventures | 1,572 | 0 | 0 |
Equity in income of joint ventures | 9,235 | 5,696 | 4,838 |
Net income | 366,462 | 252,175 | 152,360 |
Net income attributable to noncontrolling interests in consolidated subsidiary | (2) | (0) | (0) |
Net income attributable to common shareholders/unitholders | $ 358,128 | $ 249,317 | $ 151,571 |
Earnings per common share/unit attributable to common shareholders/unitholders - basic | $ 4.25 | $ 3.18 | $ 2.13 |
Earnings per common share/unit attributable to common shareholders/unitholders - diluted | $ 4.22 | $ 3.17 | $ 2.13 |
Net income attributable to general partner | $ 3,665 | $ 2,522 | $ 1,524 |
Net income attributable to limited partners | 354,463 | 246,795 | 150,047 |
Life Storage LP [Member] | Redeemable Preferred Stock [Member] | |||
Other income (expenses) | |||
Net income attributable to noncontrolling interest in the Operating Partnership | (4,001) | (1,494) | 0 |
Life Storage LP [Member] | Redeemable Common Stock [Member] | |||
Other income (expenses) | |||
Net income attributable to noncontrolling interest in the Operating Partnership | (4,331) | (1,364) | (789) |
Life Storage LP [Member] | Tenant reinsurance [Member] | |||
Revenues | |||
Other operating income | 73,805 | 58,103 | 44,742 |
Life Storage LP [Member] | Other operating income [Member] | |||
Revenues | |||
Other operating income | $ 47,218 | $ 39,704 | $ 32,475 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Investment in storage facilities: | ||
Land | $ 1,307,425 | $ 1,185,976 |
Building, equipment, and construction in progress | 6,864,381 | 5,904,481 |
Real estate investment property, at cost, total | 8,171,806 | 7,090,457 |
Less: accumulated depreciation | (1,170,520) | (1,007,650) |
Investment in storage facilities, net | 7,001,286 | 6,082,807 |
Cash and cash equivalents | 24,406 | 171,865 |
Accounts receivable | 24,153 | 17,784 |
Receivable from unconsolidated joint ventures | 1,562 | 333 |
Investment in unconsolidated joint ventures | 275,190 | 213,003 |
Prepaid expenses | 10,363 | 9,918 |
Trade name | 16,500 | 16,500 |
Other assets | 34,270 | 44,387 |
Total Assets | 7,387,730 | 6,556,597 |
Liabilities | ||
Line of credit | 595,000 | 0 |
Term notes, net | 2,751,632 | 2,747,838 |
Accounts payable and accrued liabilities | 148,130 | 131,778 |
Deferred revenue | 33,192 | 27,277 |
Mortgages payable | 36,258 | 37,030 |
Total Liabilities | 3,564,212 | 2,943,923 |
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value | 89,077 | 90,783 |
Noncontrolling redeemable Common Operating Partnership Units (see Note 2) | 107,074 | 142,892 |
Shareholders' Equity/ Partners' Capital | ||
Common stock $.01 par value, 200,000,000 shares authorized, 85,019,884 shares outstanding at December 31, 2022 (83,565,710 at December 31, 2021) | 850 | 836 |
Additional paid-in capital | 3,886,317 | 3,697,000 |
Dividends in excess of net income | (261,510) | (314,713) |
Accumulated other comprehensive loss | (3,207) | (4,124) |
Total Shareholders’ Equity | 3,622,450 | 3,378,999 |
Noncontrolling interest in consolidated subsidiary | 4,917 | 0 |
Total Equity | 3,627,367 | 3,378,999 |
Total Liabilities and Equity/ Partners' Capital | 7,387,730 | 6,556,597 |
Life Storage LP [Member] | ||
Investment in storage facilities: | ||
Land | 1,307,425 | 1,185,976 |
Building, equipment, and construction in progress | 6,864,381 | 5,904,481 |
Real estate investment property, at cost, total | 8,171,806 | 7,090,457 |
Less: accumulated depreciation | (1,170,520) | (1,007,650) |
Investment in storage facilities, net | 7,001,286 | 6,082,807 |
Cash and cash equivalents | 24,406 | 171,865 |
Accounts receivable | 24,153 | 17,784 |
Receivable from unconsolidated joint ventures | 1,562 | 333 |
Investment in unconsolidated joint ventures | 275,190 | 213,003 |
Prepaid expenses | 10,363 | 9,918 |
Trade name | 16,500 | 16,500 |
Other assets | 34,270 | 44,387 |
Total Assets | 7,387,730 | 6,556,597 |
Liabilities | ||
Line of credit | 595,000 | 0 |
Term notes, net | 2,751,632 | 2,747,838 |
Accounts payable and accrued liabilities | 148,130 | 131,778 |
Deferred revenue | 33,192 | 27,277 |
Mortgages payable | 36,258 | 37,030 |
Total Liabilities | 3,564,212 | 2,943,923 |
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value | 89,077 | 90,783 |
Noncontrolling redeemable Common Operating Partnership Units (see Note 2) | 107,074 | 142,892 |
Shareholders' Equity/ Partners' Capital | ||
General partner (893,360 and 881,030 units outstanding at December 31, 2022 and December 31, 2021, respectively) | 38,247 | 36,131 |
Limited partners (84,126,524 and 82,684,680 units outstanding at December 31, 2022 and December 31, 2021, respectively) | 3,587,410 | 3,346,992 |
Accumulated other comprehensive loss | (3,207) | (4,124) |
Total Controlling Partners’ Capital | 3,622,450 | 3,378,999 |
Noncontrolling interest in consolidated subsidiary | 4,917 | 0 |
Total Partners' Capital | 3,627,367 | 3,378,999 |
Total Liabilities and Equity/ Partners' Capital | $ 7,387,730 | $ 6,556,597 |