Life Storage

Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.

Earnings data Q2 2023

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The economy is clearly slowing, if not contracting. REIT investors should consider pivoting to property sectors with stronger countercyclical performance. Top options for a slowing or contracting economy include health care and self-storage, though the oversold retail sector may present some opportunities.

Countercyclical Investment Opportunities For REIT Investors

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Life Storage, Inc. (NYSE:LSI ) Q1 2023 Results Conference Call May 3, 2023 9:00 AM ET Company Participants Brent Maedl - Manager of Investor Relations Joe Saffire - Chief Executive Officer Alex Gress - Chief Financial Officer Conference Call Participants Spenser Allaway - Green Street Ki Bin Kim - Truist Securities Michael Goldsmith - UBS Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Keegan Carl - Wolfe Research Operator Good morning, everyone, and welcome to the Life Storage First Quarter Earnings Release. [Operator Instructions] Please note, this call is being recorded.

Life Storage, Inc. (LSI) Q1 2023 Earnings Call Transcript

Life Storage (LSI) came out with quarterly funds from operations (FFO) of $1.63 per share, missing the Zacks Consensus Estimate of $1.64 per share. This compares to FFO of $1.44 per share a year ago.

Life Storage (LSI) Q1 FFO Miss Estimates

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage reports operating results for first quarter 2023. The Company operates over 1,200 self-storage facilities in 37 states and DC.

Life Storage, Inc. Reports First Quarter 2023 Results

SALT LAKE CITY , May 2, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three months ended March 31, 2023. Highlights for the three months ended March 31, 2023: Achieved net income attributable to common stockholders of $1.46 per diluted share, representing a 3.3% decrease compared to the same period in the prior year.

Extra Space Storage Inc. Reports 2023 First Quarter Results

Life Storage Inc   (NYSE:LSI) stock just made it onto Schaeffer's Senior Quantitative Analyst Rocky White's list of S&P MidCap 400 Index (IDX) stocks that attracted the highest weekly options volume in the last 10 days.

Call Traders Blast Life Storage Stock After Acquisition

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Storage REITs are the best-performing property sector this year after lagging in late 2022, lifted by surprisingly solid earnings results and a thawing of the previously icy-cold housing market. Storage demand is driven largely by housing activity – specifically, home sales and rental market turnover - and the recent moderation in mortgage rates has eased concern of a deepening housing recession.

Storage Wars

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces earnings release and conference call. The Company operates more than 1,150 self-storage facilities in 37 states and DC.

Life Storage, Inc. Announces Date and Time of 1st Quarter Earnings Release and Conference Call

Life Storage, Inc. is a self-storage company that owns and operates over 900 self-storage facilities in the United States. The company is being acquired by Extra Space Storage Inc., which will pay 0.895 EXR shares per share of Life Storage.

Life Storage: Attractive All-Stock Merger Arb Deal

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U.S. equity markets snapped a three-week winning streak while benchmark interest rates dipped to seven-month lows after a critical slate of employment data revealed some cracking in the long-resilient labor markets. Following its strongest weekly advance in five months, the S&P 500 finished fractionally lower this week, while the Mid-Cap 400 and Small-Cap 600 each posted steeper declines of over 2.5%.

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Extra Space Storage will acquire Life Storage in a $12.7 billion all-stock transaction. Life Storage will combine with Extra Space Storage in the second half of 2023.

Extra Space Storage Acquires Life Storage: What This $12.7 Billion Deal Means for Investors

Realty Income has one of the best track records for dividend growth while paying shareholders monthly. Life Storage has the potential for a buyout, but based on current operations, it's still a fantastic dividend stock.

3 Top Dividend Stocks to Buy in April

Extra Space Storage Inc. (NYSE: EXR) and Life Storage, Inc. (NYSE: LSI) announced that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage for $12.7 billion. The post Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details appeared first on Pulse 2.0.

Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details

Life Storage (LSI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Life Storage (LSI): Can Its 3.5% Jump Turn into More Strength?

Extra Space Storage has swooped in and outbid Public Storage for Life Storage. It will create the largest self-storage REIT.

This Exceptional Dividend Stock Makes a Bold Move to Get Bigger and Better

NEW YORK , April 3, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Life Storage, Inc. (NYSE: LSI) and its board of directors concerning the proposed acquisition of the company by Extra Space Storage Inc. (NYSE: EXR). Stockholders will receive 0.8950 shares of Extra Space Storage common stock for each share of Life Storage stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Life Storage, Inc.

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces quarterly dividend on common stock. The Company operates over 1,150 self-storage properties in 37 states and DC.

Life Storage, Inc. Announces Dividend on Common Stock

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NEW YORK , April 3, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Heska Corporation (NASDAQ: HSKA)'s  sale to Mars, Incorporated for $120.00 per share. If you are a Heska shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HSKA, LSI, EXR, DFFN

Extra Space Storage Inc (NYSE:EXR) is attracting attention today, on news that the real estate investment trust (REIT) is acquiring Life Storage Inc (LSI) for $12.7 billion to become the largest U.S. self-storage space operator by store count.

Extra Space Storage Stock Slides After Billion-Dollar Merger

Extra Space Storage will acquire Life Storage in an all-stock transaction valued at about $12.7 billion creating a storage operator with a total enterprise value of $46 billion and a market capitalization of $36 billion. The companies said in a joint statement that Life Storage shareholders will receive 0.8950 of an Extra Space share for each Life Storage share they own, representing a total consideration of approximately $145.82 per share based on Extra Space's share price close on March 31, 2023.

Extra Space Storage to acquire Life Storage in $12.7B all-stock deal

MILWAUKEE , April 3, 2023 /PRNewswire/ -- Ademi LLP is investigating Life Storage (NYSE: LSI) for possible breaches of fiduciary duty and other violations of law in its transaction with Extra Space.  Click here to learn how to join the action https://www.ademilaw.com/case/life-storage-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Life Storage, Inc. has obtained a Fair Price in its transaction with Extra Space

LifeStorage (NYSE: LSI ) stock is climbing higher on Monday after Extra Space Storage (NYSE: EXR ) agreed to acquire the company. This agreement has Extra Space Storage exchanging its own shares for shares of LifeStorage stock.

LSI Stock Alert: What to Know as Extra Space Storage Acquires LifeStorage

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Shares of UFC owner Endeavor, Teck Resources and Life Storage climb on M&A news, while Tesla slips

The deal forms the largest storage-facility operator in the U.S, by number of locations, overtaking rival Public Storage.

Extra Space Agrees to Buy Life Storage. There's a New Industry Leader.

News for Life Storage Stock (LSI)