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Life Storage Inc Stock Research

LSI

120.09USD+1.69(+1.43%)Market Closed

Market Summary

USD120.09+1.69
Market Closed
1.43%

LSI Stock Price

LSI RSI Chart

LSI Valuation

Market Cap

10.2B

Price/Earnings (Trailing)

28.51

Price/Sales (Trailing)

9.83

Price/Free Cashflow

17.4

LSI Price/Sales (Trailing)

LSI Profitability

Return on Equity

9.89%

Return on Assets

4.85%

Free Cashflow Yield

5.75%

LSI Fundamentals

LSI Revenue

Revenue (TTM)

1.0B

Revenue Y/Y

24.2%

Revenue Q/Q

0.63%

LSI Earnings

Earnings (TTM)

358.1M

Earnings Y/Y

26.49%

Earnings Q/Q

-4.79%

Price Action

52 Week Range

94.02148.73
(Low)(High)

Last 7 days

-7.3%

Last 30 days

-4.9%

Last 90 days

12.9%

Trailing 12 Months

-6.5%

LSI Financial Health

Debt/Equity

0.86

Debt/Cashflow

0.18

LSI Investor Care

Dividend Yield

3.42%

Dividend/Share (TTM)

4.11

Shares Dilution (1Y)

1.74%

Diluted EPS (TTM)

4.23

Peers (Alternatives to Life Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
22.3B
2.7B
-9.31% -29.65%
28.69
8.21
11.91% -41.71%
21.2B
2.6B
-23.98% -31.95%
40.62
8.18
22.46% -8.68%
13.2B
1.7B
-4.07% -13.87%
104.43
7.61
26.61% -85.07%
MID-CAP
7.7B
1.1B
-13.38% -14.77%
20.08
7.2
12.95% 47.42%
4.3B
802.0M
-9.03% -5.22%
-341.02
5.37
114.83% 84.36%
2.9B
1.8B
-31.59% -62.57%
-8.47
1.63
13.26% -296.88%
2.1B
859.2M
-25.44% -29.31%
-31.63
2.43
1.38% -563.21%
SMALL-CAP
1.9B
421.4M
-3.41% 12.84%
22.56
4.55
3.35% 1705.32%
1.7B
826.7M
-30.54% -63.53%
-22.04
2.08
-2.04% -117.36%
1.0B
190.3M
-7.76% -1.93%
11.27
5.46
12.08% 1950.56%
983.2M
740.4M
-22.73% -54.50%
-27.01
1.33
1.87% -78.85%

Financials for Life Storage

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue5.4%1,038985920850789
  S&GA Expenses10.0%77.0070.0068.0064.0063.00
Interest Expenses7.0%10910295.0091.0087.00
Net Income5.8%358338310276249
Net Income Margin0.3%0.34*0.34*0.38*0.32*-
Free Cahsflow3.5%587567515472-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.9%7,3887,2486,9676,7596,557
    Cash Equivalents8.5%24.0022.0033.0050.00172
Liabilities3.9%3,5643,4303,2423,0622,944
  Long Term Debt5.7%3,1152,9472,812--
Shareholder's Equity0.4%3,6223,6083,5203,4753,379
  Additional Paid-In Capital0.1%3,8863,8833,8013,7923,697
Shares Outstanding0.0%85.0085.0084.0084.0084.00
Minority Interest-0.5%5.005.00---
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.5%587567515472434
Cashflow From Investing35.6%-1,140-1,771-1,752-1,774-1,680
Cashflow From Financing-62.8%4061,0911,2411,3391,364
  Dividend Payments6.4%351330296269241

Risks for LSI

What is the probability of a big loss on LSI?

37.3%


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

34.6%


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

Returns for LSI

Cumulative Returns on LSI

15.2%


10-Year Cumulative Returns

10.6%


7-Year Cumulative Returns

21.0%


5-Year Cumulative Returns

24.1%


3-Year Cumulative Returns

What are the long-term rolling returns for LSI?

FIve years rolling returns for Life Storage.

Annualized Returns

Which funds bought or sold LSI recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

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

Life Storage News

The Motley Fool

Stocks Up 18% and 22% in 2023 That Could Keep Soaring.

The Motley Fool,
9 hours ago

Seeking Alpha

Schedule 13G FIlings of Life Storage

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

LSI Fair Value

Life Storage fair value in different scenarios

The table shows the Fair Value estimates for Life Storage for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery 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%

Historical Life Storage Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Life Storage

View All Filings
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

Latest Insider Trading transactions for LSI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

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

2022-12-31
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 revenues1,038,166788,565616,771
Expenses   
Property operations and maintenance179,760143,648122,544
Tenant reinsurance29,28022,88215,729
Real estate taxes99,71079,86170,302
General and administrative77,20162,61752,055
Depreciation and amortization192,902147,119122,925
Total operating expenses578,853456,127383,555
Gain on sale of non-real estate assets5,55000
Gain on sale of real estate00302
Income from operations464,863332,438233,518
Other income (expenses)   
Interest expense(109,240)(86,786)(86,015)
Interest income3282719
Gain on sale of investments in joint ventures1,57200
Equity in income of joint ventures9,2355,6964,838
Net income366,462252,175152,360
Net income attributable to noncontrolling interests in consolidated subsidiary(2)00
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 income73,80558,10344,742
Other operating income [Member]   
Revenues   
Other operating income47,21839,70432,475
Life Storage LP [Member]   
Revenues   
Rental income917,143690,758539,554
Total operating revenues1,038,166788,565616,771
Expenses   
Property operations and maintenance179,760143,648122,544
Tenant reinsurance29,28022,88215,729
Real estate taxes99,71079,86170,302
General and administrative77,20162,61752,055
Depreciation and amortization192,902147,119122,925
Total operating expenses578,853456,127383,555
Gain on sale of non-real estate assets5,55000
Gain on sale of real estate00302
Income from operations464,863332,438233,518
Other income (expenses)   
Interest expense(109,240)(86,786)(86,015)
Interest income3282719
Gain on sale of investments in joint ventures1,57200
Equity in income of joint ventures9,2355,6964,838
Net income366,462252,175152,360
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 partners354,463246,795150,047
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 income73,80558,10344,742
Life Storage LP [Member] | Other operating income [Member]   
Revenues   
Other operating income$ 47,218$ 39,704$ 32,475

LSI Balance Sheet

2022-12-31
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 progress6,864,3815,904,481
Real estate investment property, at cost, total8,171,8067,090,457
Less: accumulated depreciation(1,170,520)(1,007,650)
Investment in storage facilities, net7,001,2866,082,807
Cash and cash equivalents24,406171,865
Accounts receivable24,15317,784
Receivable from unconsolidated joint ventures1,562333
Investment in unconsolidated joint ventures275,190213,003
Prepaid expenses10,3639,918
Trade name16,50016,500
Other assets34,27044,387
Total Assets7,387,7306,556,597
Liabilities  
Line of credit595,0000
Term notes, net2,751,6322,747,838
Accounts payable and accrued liabilities148,130131,778
Deferred revenue33,19227,277
Mortgages payable36,25837,030
Total Liabilities3,564,2122,943,923
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value89,07790,783
Noncontrolling redeemable Common Operating Partnership Units (see Note 2)107,074142,892
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)850836
Additional paid-in capital3,886,3173,697,000
Dividends in excess of net income(261,510)(314,713)
Accumulated other comprehensive loss(3,207)(4,124)
Total Shareholders’ Equity3,622,4503,378,999
Noncontrolling interest in consolidated subsidiary4,9170
Total Equity3,627,3673,378,999
Total Liabilities and Equity/ Partners' Capital7,387,7306,556,597
Life Storage LP [Member]  
Investment in storage facilities:  
Land1,307,4251,185,976
Building, equipment, and construction in progress6,864,3815,904,481
Real estate investment property, at cost, total8,171,8067,090,457
Less: accumulated depreciation(1,170,520)(1,007,650)
Investment in storage facilities, net7,001,2866,082,807
Cash and cash equivalents24,406171,865
Accounts receivable24,15317,784
Receivable from unconsolidated joint ventures1,562333
Investment in unconsolidated joint ventures275,190213,003
Prepaid expenses10,3639,918
Trade name16,50016,500
Other assets34,27044,387
Total Assets7,387,7306,556,597
Liabilities  
Line of credit595,0000
Term notes, net2,751,6322,747,838
Accounts payable and accrued liabilities148,130131,778
Deferred revenue33,19227,277
Mortgages payable36,25837,030
Total Liabilities3,564,2122,943,923
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value89,07790,783
Noncontrolling redeemable Common Operating Partnership Units (see Note 2)107,074142,892
Shareholders' Equity/ Partners' Capital  
General partner (893,360 and 881,030 units outstanding at December 31, 2022 and December 31, 2021, respectively)38,24736,131
Limited partners (84,126,524 and 82,684,680 units outstanding at December 31, 2022 and December 31, 2021, respectively)3,587,4103,346,992
Accumulated other comprehensive loss(3,207)(4,124)
Total Controlling Partners’ Capital3,622,4503,378,999
Noncontrolling interest in consolidated subsidiary4,9170
Total Partners' Capital3,627,3673,378,999
Total Liabilities and Equity/ Partners' Capital$ 7,387,730$ 6,556,597