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Life Storage Inc Stock Research

LSI

Market Closed
Watchlist

LSI Stock Price

LSI RSI Chart

LSI Valuation

Market Cap

11.3B

Price/Earnings (Trailing)

30.92

Price/Sales (Trailing)

10.5

Price/Free Cashflow

18.79

LSI Price/Sales (Trailing)

LSI Profitability

Return on Equity

10.27%

Return on Assets

4.96%

Free Cashflow Yield

5.32%

LSI Fundamentals

LSI Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

17.18%

Revenue Q/Q

-0.39%

LSI Earnings

Earnings (TTM)

366.2M

Earnings Y/Y

10.92%

Earnings Q/Q

-12.98%

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

Dividend Yield

3.29%

Dividend/Share (TTM)

4.37

Shares Dilution (1Y)

1.69%

Diluted EPS (TTM)

4.31

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for LSI

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

1–10 of 50

Which funds bought or sold LSI recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 46

Latest Funds Activity

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

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

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
38.3B
5.1B
5.88% 19.36%
89.57
7.47
13.73% -68.04%
23.7B
2.0B
-0.94% -9.83%
28.39
11.73
-22.97% -33.54%
20.0B
2.7B
-1.78% -21.80%
26.64
7.46
15.16% 88.51%
11.4B
1.8B
-1.65% -8.89%
28.27
6.5
6.75% -42.80%
MID-CAP
8.0B
1.1B
1.83% 2.50%
20.52
7.18
8.31% 38.10%
4.9B
820.5M
3.48% 19.66%
174.46
5.97
29.95% 125.56%
4.8B
1.8B
19.66% -1.21%
-12.91
2.63
5.60% -286.96%
2.6B
866.2M
4.87% 36.72%
-29.3
2.95
0.51% -335.26%
SMALL-CAP
2.7B
882.0M
26.74% -0.07%
-6.14
3.08
11.76% -239.94%
2.4B
426.3M
-1.04% 52.78%
25.4
5.64
1.38% 137.97%
1.1B
732.3M
9.89% -25.11%
-13.31
1.55
-0.03% -4012.90%
1.0B
339.3M
-9.41% -15.44%
-5.79
3.02
88.48% -168.70%

Life Storage News

Investing.com
Bank of America most favored for activism defense in H1 2023 ....
Investing.com,
14 days ago
Seeking Alpha
StreetInsider.com
Form N-PX Thrivent ETF Trust For: Jun 30.
StreetInsider.com,
27 days ago
Moneyshow.com
The Business Journals
The Motley Fool
Marketscreener.com

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q1
Revenue3.9%1,0781,038985920850789734682642617598587585575565561554551546540535
  S&GA Expenses15.5%89.0077.0070.0068.0064.0063.0059.0056.0053.0052.0051.0049.0047.0047.0047.0047.0049.0048.0047.0046.0051.00
Interest Expenses8.1%11810910295.0091.0087.0087.0087.0086.0086.0081.0080.0079.0076.0074.0073.0071.0071.0080.0078.0076.00
Net Income2.2%366358338310276249217184163152153256261259308209207207135130110
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 Cashflow2.7%602587567515472434395351321299291286289279-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q1
Assets-0.2%7,3777,3887,2486,9676,7596,5575,6615,1954,9314,7284,6894,3114,3394,2334,1894,0353,9593,8923,8693,8633,869
    Cash Equivalents34.2%33.0024.0022.0033.0050.0017213630.0014.0054.0011010.0021.0017.0016.0046.009.0014.0013.007.008.00
Liabilities0.3%3,5753,5643,4303,2423,0622,9442,3482,4662,3532,3232,4132,1562,1712,0742,0271,9691,8881,8111,8391,8291,832
Shareholder's Equity-1.6%3,5653,6223,6083,5203,4753,3793,1822,6932,5492,3782,2502,1332,1482,1332,1352,0422,0472,0582,0102,0132,019
  Additional Paid-In Capital0.0%3,8853,8863,8833,8013,7923,6973,4833,0032,8532,6712,5332,4002,3992,3772,3762,3742,3742,3722,3702,3692,365
Shares Outstanding0.0%85.0085.0085.0084.0084.0084.0079.0077.0075.0074.0071.0070.0070.0070.0070.0070.0070.0070.0070.0070.0070.00
Minority Interest-0.1%5.005.005.00------------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q1
Cashflow From Operations2.7%602587567515472434395351321299291286289279279271268262251250250
  Share Based Compensation-----------------0.000.000.000.000.00
Cashflow From Investing29.9%-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%1814061,0911,2411,3391,364618656393314324-15.6581.0031.00-49.23-59.49-141-201-166-185-133
  Dividend Payments5.2%369351330296269241223215208202197193190187187186186186186186186

LSI Income Statement

2023-03-31
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 revenues273,602233,490
Expenses  
Property operations and maintenance47,30642,368
Tenant reinsurance9,2206,847
Real estate taxes27,43724,523
General and administrative27,81815,826
Depreciation and amortization47,76946,401
Total operating expenses159,550135,965
Gain on sale of non-real estate assets6860
Income from operations114,73897,525
Other income (expenses)  
Interest expense(33,113)(24,240)
Interest and dividend income1215
Equity in income of joint ventures1,6292,118
Net income83,26675,418
Net loss attributable to noncontrolling interests in consolidated subsidiary50
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 calculation84,935,86083,644,426
Common shares/units used in diluted earnings per share/unit calculation85,378,41283,837,773
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 income12,82810,714
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 income240,483205,509
Total operating revenues273,602233,490
Expenses  
Property operations and maintenance47,30642,368
Tenant reinsurance9,2206,847
Real estate taxes27,43724,523
General and administrative27,81815,826
Depreciation and amortization47,76946,401
Total operating expenses159,550135,965
Gain on sale of non-real estate assets6860
Income from operations114,73897,525
Other income (expenses)  
Interest expense(33,113)(24,240)
Interest and dividend income1215
Equity in income of joint ventures1,6292,118
Net income83,26675,418
Net loss attributable to noncontrolling interests in consolidated subsidiary50
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 calculation84,935,86083,644,426
Common shares/units used in diluted earnings per share/unit calculation85,378,41283,837,773
Dividends/distributions declared per common share/unit$ 1.20$ 1.00
Net income attributable to general partner$ 833$ 754
Net income attributable to limited partners80,77572,821
Life Storage LP [Member] | Tenant reinsurance [Member]  
Revenues  
Other operating income20,29117,267
Life Storage LP [Member] | Other operating income [Member]  
Revenues  
Other operating income12,82810,714
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

2023-03-31
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 progress6,886,5226,864,381
Real estate investment property, at cost, total8,195,9978,171,806
Less: accumulated depreciation(1,215,348)(1,170,520)
Investment in storage facilities, net6,980,6497,001,286
Cash and cash equivalents32,76524,406
Accounts receivable23,28124,153
Receivable from unconsolidated joint ventures7951,562
Investment in unconsolidated joint ventures276,436275,190
Prepaid expenses14,16510,363
Trade name16,50016,500
Other assets31,96334,270
Total Assets7,376,5547,387,730
Liabilities  
Line of credit619,000595,000
Term notes, net2,752,5802,751,632
Accounts payable and accrued liabilities136,409148,130
Deferred revenue34,53033,192
Mortgages payable32,46636,258
Total Liabilities3,574,9853,564,212
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value30,09089,077
Noncontrolling redeemable Common Operating Partnership Units201,373107,074
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)851850
Additional paid-in capital3,884,8903,886,317
Dividends in excess of net income(317,570)(261,510)
Accumulated other comprehensive loss(2,978)(3,207)
Total Shareholders’ Equity3,565,1933,622,450
Noncontrolling interest in consolidated subsidiary4,9134,917
Total Equity3,570,1063,627,367
Total Liabilities and Equity7,376,5547,387,730
Life Storage LP [Member]  
Investment in storage facilities:  
Land1,309,4751,307,425
Building, equipment, and construction in progress6,886,5226,864,381
Real estate investment property, at cost, total8,195,9978,171,806
Less: accumulated depreciation(1,215,348)(1,170,520)
Investment in storage facilities, net6,980,6497,001,286
Cash and cash equivalents32,76524,406
Accounts receivable23,28124,153
Receivable from unconsolidated joint ventures7951,562
Investment in unconsolidated joint ventures276,436275,190
Prepaid expenses14,16510,363
Trade name16,50016,500
Other assets31,96334,270
Total Assets7,376,5547,387,730
Liabilities  
Line of credit619,000595,000
Term notes, net2,752,5802,751,632
Accounts payable and accrued liabilities136,409148,130
Deferred revenue34,53033,192
Mortgages payable32,46636,258
Total Liabilities3,574,9853,564,212
Noncontrolling redeemable Preferred Operating Partnership Units at redemption value30,09089,077
Noncontrolling redeemable Common Operating Partnership Units201,373107,074
Shareholders' Equity/ Partners' Capital  
General partner (1 and 893,360 units outstanding at March 31, 2023 and December 31, 2022, respectively)38,01938,247
Limited partners (1 and 84,126,524 units outstanding at March 31, 2023 and December 31, 2022, respectively)3,530,1523,587,410
Accumulated other comprehensive loss(2,978)(3,207)
Total Controlling Partners Capital3,565,1933,622,450
Noncontrolling interest in consolidated subsidiary4,9134,917
Total Partners' Capital3,570,1063,627,367
Total Liabilities and Equity$ 7,376,554$ 7,387,730
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.