LSI Stock Price
LSI RSI Chart
LSI Valuation
LSI Price/Sales (Trailing)
LSI Profitability
LSI Fundamentals
LSI Revenue
LSI Earnings
Price Action
Last 7 days
-1.9%
Last 30 days
2.6%
Last 90 days
-0.5%
Trailing 12 Months
16.4%
LSI Financial Health
LSI Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for LSI
Filter Transactions| 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 | - |
Which funds bought or sold LSI recently?
View All Details| 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Life Storage
| 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 |
Recent SEC filings of Life Storage
View All Filings| 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 |
Peers (Alternatives to Life Storage)
View All Peers In Detail| 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% |
Life Storage News
Returns for LSI
Cumulative Returns on LSI
14.9%
10-Year Cumulative Returns
13.4%
7-Year Cumulative Returns
19.5%
5-Year Cumulative Returns
30.8%
3-Year Cumulative Returns
Risks for LSI
What is the probability of a big loss on LSI?
44.2%
Probability that Life Storage stock will be more than 20% underwater in next one year
36.1%
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.
Drawdowns
Financials for Life Storage
Income Statement (Last 12 Months)(In Millions)
| 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)
| 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)
| 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 |
LSI Income Statement
2023-03-31Consolidated 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) |
LSI Balance Sheet
2023-03-31Consolidated 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 |
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.