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 Ratio0.86
Current Ratio0.20
Quick Ratio0.20
Price-To-Earnings
Trailing P/E Ratio19.14
Forward P/E Ratio18.65
P/E Growth4.16
Sales & Book Value
Annual Sales$529.75 million
Price / Sales8.94
Cash Flow$4.8725 per share
Price / Cash20.86
Book Value$43.58 per share
Price / Book2.33
Profitability
EPS (Most Recent Fiscal Year)$5.31
Net Income$96.36 million
Net Margins24.04%
Return on Equity6.53%
Return on Assets3.42%
Miscellaneous
Employees1,792
Outstanding Shares46,600,000
Market Cap$4.76 billion
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 annualized dividend and a yield of 3.94%. 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 announced that its Board of Directors has approved a share buyback plan on Wednesday, August 2nd 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.
How were Life Storage's earnings last quarter?
Life Storage Inc (NYSE:LSI) posted its quarterly earnings results on Wednesday, August, 1st. The real estate investment trust reported $0.84 EPS for the quarter, missing the consensus estimate of $1.34 by $0.50. The real estate investment trust had revenue of $138 million for the quarter, compared to the consensus estimate of $135.97 million. Life Storage had a net margin of 24.04% and a return on equity of 6.53%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. 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 updated its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share (EPS) guidance of $5.42-5.48 for the period, compared to the Thomson Reuters consensus estimate of $5.38. Life Storage also updated its Q3 guidance to $1.40-1.44 EPS.
What price target have analysts set for LSI?
14 equities research analysts have issued 12 month target prices for Life Storage's shares. Their forecasts range from $70.00 to $105.00. On average, they anticipate Life Storage's share price to reach $87.0769 in the next year. This suggests that the stock has a possible downside of 14.3%. View Analyst Price Targets 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." View Analyst Ratings for Life Storage.
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. " (8/7/2018)
- 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 SBA Communications (SBAC), Realty Income (O), Essex Property Trust (ESS), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Klepierre (KLPEF), Regency Centers (REG), UDR (UDR) 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?
Media headlines about LSI stock have been trending somewhat positive this week, Accern reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Life Storage earned a media and rumor sentiment score of 0.13 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 47.96 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Life Storage.
Who are Life Storage's major shareholders?
Life Storage's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.68%), Massachusetts Financial Services Co. MA (6.05%), Security Capital Research & Management Inc. (4.15%), FMR LLC (2.68%), Morgan Stanley (1.56%) and Dimensional Fund Advisors LP (1.54%). 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 major investors are selling Life Storage stock?
LSI stock was sold by a variety of institutional investors in the last quarter, including Security Capital Research & Management Inc., Morgan Stanley, Land & Buildings Investment Management LLC, Fisher Asset Management LLC, FMR LLC, Russell Investments Group Ltd., RMR Advisors LLC and Virginia Retirement Systems ET AL. 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 major investors are buying Life Storage stock?
LSI stock was purchased by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Massachusetts Financial Services Co. MA, Rothschild Asset Management Inc., BlackRock Inc., Dupont Capital Management Corp, Putnam Investments LLC, Schwab Charles Investment Management Inc. and SG Americas Securities LLC. 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 $101.64.
How big of a company is Life Storage?
Life Storage has a market capitalization of $4.76 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.
