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 Q1 2024

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Life Storage, Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT). Approximately half of the company's revenue is generated by stores in Texas and Florida. The remaining sales are distributed throughout the United States. The majority of the company's operating revenue is generated by rental income from customers renting storage space on a month-to-month basis. The company also provides storage for both individuals and commercial renters, as well as special storage units for vehicles and wine.

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

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.

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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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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.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Life Storage, Inc. (NYSE: LSI) to Extra Space Storage Inc. for 0.8950 Extra Space shares for each Life Storage share is fair to Life Storage shareholders. At closing, Life Storage shareholders are expected to own approximately 35% of the combined company.

LSI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Life Storage, Inc. Is Fair to Shareholders

Extra Space Storage Inc. EXR, +2.58% said Monday it has agreed to merge with Life Storage Inc. LSI, +2.24% in an all-stock deal with a total enterprise value of about $47 billion. Under the terms of the deal, Salt Lake City, Utah-based Extra Space Storage will pay 0.8950 of its shares for each Life Storage share, equal to about $145.82 per share, based on the stock's closing price on Friday.

Extra Space Storage to acquire Life Storage in all-stock deal with enterprise value of about $47 billion

Creates the largest storage operator and one of the largest REITs in the RMZ SALT LAKE CITY and BUFFALO, N.Y. , April 3, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) ("Extra Space") and Life Storage, Inc. (NYSE: LSI) ("Life Storage") announced today that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction.

Extra Space Storage & Life Storage Combine to Form the Preeminent Storage Operator

The $12.7 billion deal would create the largest storage-facility operator in the U.S. by number of locations.

Extra Space Storage to Combine With Life Storage

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The REIT sector gave up most of January's big gains in February with a -6.18% total return. Small cap (-7.42%) and mid cap (-6.05%) REITs fell the furthest in February, with micro caps (-5.15%) and large caps (-4.74%) seeing smaller declines.

The State Of REITs: March 2023 Edition

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A lot of real estate stocks remain down as they face rising interest rates and a slowing market. But Blackstone and Life Storage are up 18% and 22% so far this year.

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Life Storage has declined the merger offer from Public Storage, but given a high potential for synergies, I think there's an increased offer coming. A higher offer will most likely drive the LSI stock price higher and could provide 10% upside in a matter of months.

Life Storage: Merger Play Not Worth It

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Public Storage made an unsolicited offer to acquire Life Storage. Life Storage rejected the offer, saying it was being undervalued.

Public Storage Makes an Aggressive Move to Acquire Life Storage

Public Storage recently made headlines for the publication of their unsolicited bid to acquire rival, Life Storage. While the offer was rejected, LSI's board hasn't completely ruled out further negotiations.

Public Storage And Life Storage: Industry Consolidation Likely (This Is A Good Place To Start)

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News for Life Storage Stock (LSI)