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 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 390,000-plus customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com/.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:LSI
CUSIP84610H10
Phone716-633-1850
Debt
Debt-to-Equity Ratio0.87
Current Ratio0.23
Quick Ratio0.23
Price-To-Earnings
Trailing P/E Ratio18.00
Forward P/E Ratio17.80
P/E Growth3.82
Sales & Book Value
Annual Sales$529.75 million
Price / Sales8.39
Cash Flow$4.9010 per share
Price / Cash19.50
Book Value$43.58 per share
Price / Book2.19
Profitability
EPS (Most Recent Fiscal Year)$5.31
Net Income$96.36 million
Net Margins20.55%
Return on Equity5.52%
Return on Assets2.90%
Miscellaneous
Employees1,792
Outstanding Shares46,520,000
Market Cap$4,445.63
Life Storage (NYSE:LSI) Frequently Asked Questions
What is Life Storage's stock symbol?
Life Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "LSI."
How often does Life Storage pay dividends? What is the dividend yield for Life Storage?
Life Storage declared a quarterly dividend on Thursday, July 5th. Investors of record on Monday, July 16th will be paid a dividend of $1.00 per share on Thursday, July 26th. This represents a $4.00 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, July 13th. View Life Storage's Dividend History.
How will Life Storage's stock buyback program work?
Life Storage declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 2nd 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
How were Life Storage's earnings last quarter?
Life Storage Inc (NYSE:LSI) released its quarterly earnings results on Wednesday, May, 2nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.55. The real estate investment trust earned $133.10 million during the quarter, compared to analysts' expectations of $134.71 million. Life Storage had a net margin of 20.55% and a return on equity of 5.52%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 EPS. View Life Storage's Earnings History.
When is Life Storage's next earnings date?
What guidance has Life Storage issued on next quarter's earnings?
Life Storage issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share (EPS) guidance of $5.36-5.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.35. Life Storage also updated its Q2 guidance to $1.32-1.36 EPS.
What price target have analysts set for LSI?
14 analysts have issued twelve-month price targets for Life Storage's stock. Their forecasts range from $70.00 to $100.00. On average, they expect Life Storage's stock price to reach $84.9231 in the next year. This suggests that the stock has a possible downside of 11.1%. View Analyst Ratings for Life Storage.
What is the consensus analysts' recommendation for Life Storage?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 5 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Life Storage stock?
Here are some recent quotes from research analysts about Life Storage stock:
- 1. According to Zacks Investment Research, "Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company's brand name consists of Life Storage(R) and Uncle Bob's Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. " (7/5/2018)
- 2. Cantor Fitzgerald analysts commented, "$0.03/sh. Beat. 4Q Core FFO/sh. of $1.34 beat our/FactSet consensus by $0.03. The variance to our estimates include lower NOI offset by lower G&A. There was sequential improvement of 40bps to 1.3% in 4Q SS revenue growth (vs. our estimate of 1.4%), with rents down by 0.3% and occupancy up 60bps. Expenses were up 3.2% (-90bps seq.), with real estate taxes up 8.0%. As a result, SSNOI was up 0.4%, which is an improvement from the decline of 0.5% in 3Q. On a relative basis, LSI’s 4Q same-store revenue growth of 1.3% is 270bps lower than that of CUBE (OW), 360bps lower than that of EXR (N), and 80bps lower than that of PSA (N). Of the top 10 markets, San Antonio had the highest decline in seq. SS revenue growth (-110bps to -1.5%). Markets showing improvement include Houston (+300bps to 0.1%), which likely benefited from hurricanes; Tampa (+70bps to 1.8%) and Buffalo (+60bps to 2.5%)." (2/21/2018)
Who are some of Life Storage's key competitors?
Some companies that are related to Life Storage include Realty Income (O), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klépierre (KLPEF), Mid-America Apartment Communities (MAA), Regency Centers (REG), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE) and Iron Mountain (IRM).
Who are Life Storage's key executives?
Life Storage's management team includes the folowing people:
- Mr. David L. Rogers, CEO & Director (Age 62)
- Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 50)
- Mr. Edward F. Killeen, Chief Operating Officer (Age 54)
- Mr. Joseph V. Saffire, Chief Investment Officer (Age 48)
- Mr. Paul T. Powell, Advisor (Age 62)
Has Life Storage been receiving favorable news coverage?
News articles about LSI stock have been trending positive on Monday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Life Storage earned a media sentiment score of 0.35 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 45.33 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Life Storage's major shareholders?
Life Storage's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.42%), Retirement Systems of Alabama (0.30%), Courier Capital LLC (0.12%), Bank of Montreal Can (0.08%), State of Alaska Department of Revenue (0.05%) and Manning & Napier Group LLC (0.04%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, David L Rogers, Edward F Killeen, Kenneth F Myszka, Mark G Barberio, Paul T Powell, Robert J Attea and Stephen R Rusmisel. View Institutional Ownership Trends for Life Storage.
Which institutional investors are selling Life Storage stock?
LSI stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, Manning & Napier Group LLC and Courier Capital LLC. Company insiders that have sold Life Storage company stock in the last year include David L Rogers, Edward F Killeen, Kenneth F Myszka and Robert J Attea. View Insider Buying and Selling for Life Storage.
Which institutional investors are buying Life Storage stock?
LSI stock was purchased by a variety of institutional investors in the last quarter, including Clinton Group Inc., Bank of Montreal Can, Fox Run Management L.L.C., Campbell & CO Investment Adviser LLC, Retirement Systems of Alabama, Capital One National Association, World Asset Management Inc and Hudson Valley Investment Advisors Inc. ADV. Company insiders that have bought Life Storage stock in the last two years include Andrew J Gregoire, Arthur L Havener Jr, Mark G Barberio, Paul T Powell and Stephen R Rusmisel. View Insider Buying and Selling for Life Storage.
How do I buy shares of Life Storage?
Shares of LSI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Life Storage's stock price today?
One share of LSI stock can currently be purchased for approximately $95.57.
How big of a company is Life Storage?
Life Storage has a market capitalization of $4.45 billion and generates $529.75 million in revenue each year. The real estate investment trust earns $96.36 million in net income (profit) each year or $5.31 on an earnings per share basis. Life Storage employs 1,792 workers across the globe.
How can I contact Life Storage?
Life Storage's mailing address is 6467 Main Street, Williamsville NY, 14221. The real estate investment trust can be reached via phone at 716-633-1850.
MarketBeat Community Rating for Life Storage (NYSE LSI)
MarketBeat's community ratings are surveys of what our community members think about Life Storage and other stocks. Vote "Outperform" if you believe LSI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LSI will underperform the S&P 500 over the long term. You may vote once every thirty days.
