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, Inc. (NYSE:LSI ) Q4 2022 Earnings Conference Call February 24, 2023 8:00 AM ET Company Participants Brent Maedl - Manager of Investor Relations Joseph Saffire - Chief Executive Officer Alex Gress - Chief Financial Officer Conference Call Participants Juan Sanabria - BMO Todd Thomas - KeyBanc Smedes Rose - Citi Mike Mueller - JPMorgan Michael Goldsmith - UBS Jon Petersen - Jefferies Operator Greetings. Welcome to the Life Storage Fourth Quarter Earnings Release Conference Call.

Life Storage, Inc. (LSI) Q4 2022 Earnings Call Transcript

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage published investor presentation regarding unsolicited proposal. The Company operates over 1,150 self-storage facilities in 37 states.

Life Storage Publishes Investor Presentation Regarding Unsolicited Proposal from Public Storage

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There are some excellent opportunities in the real estate sector, and here are two in particular that look attractive.

2 Great REITs for Long-Term Investors to Buy Right Now

Life Storage (LSI) delivered FFO and revenue surprises of 3.05% and 1.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Life Storage (LSI) Tops Q4 FFO and Revenue Estimates

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #FFO--Life Storage reports operating results for fourth quarter of 2022. The Company operates more than 1,150 self-storage facilities in 37 states and DC.

Life Storage, Inc. Reports Fourth Quarter and Full Year 2022 Results

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage announces Board of Directors unanimous rejection of Public Storage Unsolicited Proposal. The Company operates over 1,100 facilities.

Life Storage Board of Directors Unanimously Rejects Unsolicited Proposal from Public Storage

BUFFALO, N.Y.--(BUSINESS WIRE)---- $LSI #LSI--Life Storage named one of America's Best Employers by Forbes Magazine. The Company operates over 1,100 self-storage facilities in 37 states and DC.

Life Storage Recognized by Forbes Magazine as one of America's Best Employers

Late last year, shares of Life Storage, Inc. (NYSE: LSI) slipped below $100, culminating a rough year for self-storage real estate investment trusts (REITs).

Volume Alert: Why Investors Are Making Room for Life Storage

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I've used the term KISS before, and I'm hardly responsible for coining it. For those of you who are new to my page, it stands for “keep it simple, sweetheart.”.

Is My 'KISS' On Your List?

The merger has some synergy to it. I think there will be a slightly higher bid.

How To Play The Public Storage And Life Storage Merger Talk

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This article is focused on two dividend stocks that had prolonged periods of zero dividend growth, which upset a lot of investors. I start with a theoretical introduction before I show you why Valero Energy and Public Storage finally hiked their dividends and what we can expect going forward.

The Wait Is Over: 2 Companies With Freshly Hiked Dividends

Life Storage (LSI) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock suggests that there could be more strength down the road.

Life Storage (LSI) Stock Jumps 11.3%: Will It Continue to Soar?

The company continues to consolidate the self-storage sector.

This Dividend Stock Wants To Supersize Its Growth Prospects

Glendale, California-based Public Storage said Life Storage had rejected an offer under similar terms in January, forcing the company to make its approach public.

Public Storage makes $11B hostile bid for Life Storage

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Mergers and acquisitions are off to a hot start in February as major gold miners and public storage REITs propose $28 billion in deals. The post Takeover News: February Opens With M&A Bang As Gold Miners, REITs Pitch $28 Billion In Deals appeared first on Investor's Business Daily.

Takeover News: February Opens With M&A Bang As Gold Miners, REITs Pitch $28 Billion In Deals

With PSA's most recent moves, including the increased dividend, LSI's management team will have to engage in M&A discussions. We believe that any discussions will lead to a higher valuation for LSI, especially as the deal is all-equity and taxable to LSI shareholders.

Life Storage Equity Holders Should Expect A Higher Offer From Public Storage

BUFFALO, N.Y.--( BUSINESS WIRE )--Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, today confirmed that it received an unsolicited taxable all-stock proposal from Public Storage to acquire all of the outstanding shares of Life Storage for 0.4192 shares of Public Storage common stock for each outstanding Life Storage share.

Life Storage, Inc. Reviewing Unsolicited Proposal from Public Storage

GLENDALE, Calif.--( BUSINESS WIRE )--Public Storage (NYSE: PSA), the nation's leading owner, acquirer, developer, and operator of self-storage properties, today sent a letter to Mark G. Barberio, Life Storage's Chairman, and Joseph V. Saffire, Life Storage's CEO, copied in full below, with respect to its proposal to acquire all of the outstanding shares and units of Life Storage, Inc. (NYSE: LSI) in an all-stock transaction.

Public Storage Proposes to Acquire Life Storage in All-Stock Transaction

Public Storage has made an $11 billion unsolicited offer for Life Storage Inc , the Wall Street Journal reported on Sunday.

Public Storage makes $11 billion unsolicited offer for Life Storage - WSJ

Public Storage has made an $11 billion unsolicited offer for its smaller rival Life Storage Inc., ramping up an effort to buy its smaller rival after an earlier bid was rejected, in a move that would create a bigger player in the self-storage industry.

Public Storage makes $11 billion bid to buy smaller rival Life Storage

The smaller rival rebuffed the company's overtures in December and January.

Public Storage Makes $11 Billion Unsolicited Offer for Life Storage

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BUFFALO, N.Y.--( BUSINESS WIRE )--Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, will issue financial results for the quarter ended December 31, 2022 after the market closes on Thursday February 23, 2023. The Company will conduct a conference call to discuss operations and review financial results on Friday, February 24, 2023 at 9:00 a.m. Eastern Time.

Life Storage, Inc. Announces Date and Time of 4th Quarter and Full Year 2022 Earnings Release and Conference Call

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This article compares LSI and CUBE as they share many similarities, including dividends, operating scale, etc. Demand for self-storage remains robust, but occupancy rates are ticking down, and the same-store sale growth rate is likely to slow down.

CubeSmart Vs. Life Storage: Why LSI Is A Better Buy In 2023

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Despite delivering the strongest earnings growth of any property sector in 2022, Self-Storage REITs have stumbled of late amid a post-pandemic demand normalization and pressure from elevated supply growth. Storage demand is driven largely by housing activity – specifically home sales and rental market turnover. Rental market turnover finished 2022 near historic-lows while home sales also dipped to decade-lows.

Storage REITs: Downsized Demand

News for Life Storage Stock (LSI)