Inactive Instrument

Life Storage, Inc.

LSI

US53223X1072

Life Storage, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

May 02, 2023 at 09:31 pm

Life Storage, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 240.48 million compared to USD 205.51 million a year ago. Revenue was USD 273.6 million compared to USD 233.49 million a year ago.

Net income was USD 81.61 million compared to USD 73.58 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 0.88 a year ago.

Latest news about Life Storage, Inc.

Life Storage, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
Anthony Habib, Eddie Killeen, and Ansir Junaid acquired Warehouse Anywhere, Llc from Life Storage, Inc.	08/08/23	CI
Life Storage, Inc.(NYSE:LSI) dropped from S&P 400	24/07/23	CI
Life Storage, Inc.(NYSE:LSI) dropped from S&P Composite 1500	24/07/23	CI
Life Storage, Inc.(NYSE:LSI) dropped from S&P Global BMI Index	24/07/23	CI
Life Storage, Inc.(NYSE:LSI) dropped from S&P 1000	24/07/23	CI
Life Storage, Inc.(NYSE:LSI) dropped from S&P TMI Index	24/07/23	CI
Equity Lifestyle Properties Set to Join S&P MidCap 400; Shares Rise	20/07/23	MT
Equity Lifestyle Properties Set to Join S&P MidCap 400	20/07/23	MT
Life Storage, Inc.'s Equity Buyback announced on August 2, 2017, has expired.	19/07/23	CI
Extra Space Storage Inc. completed the acquisition of Life Storage, Inc. from State Street Corporation, BlackRock, Inc., The Vanguard Group, Inc., Wellington Management Company LLP and others.	19/07/23	CI
Extra Space Storage, Life Storage Say Shareholders Approve Planned Merger	18/07/23	MT
Life Storage, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	14/07/23	CI
Life Storage, Inc. Announces Executive Changes	11/07/23	CI
Life Storage, Inc. Announces Chief Financial Officer Changes	11/07/23	CI
Life Storage Chief Financial Officer Alexander Gress Dies	11/07/23	MT
Life Storage Decreases Dividend to $0.90 per Share; Payable July 19 to Shareholders of Record on July 13	05/07/23	MT
Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023	03/07/23	CI
Insider Sell: Life Storage	16/06/23	MT
Truist Securities Raises Price Target on Life Storage to $122 From $120, Keeps Hold Rating	16/06/23	MT
Insider Sell: Life Storage	07/06/23	MT
Insider Sell: Life Storage	07/06/23	MT
Stifel Adjusts Price Target on Life Storage to $145 From $140, Maintains Buy Rating	12/05/23	MT
Tranche Update on Life Storage, Inc.'s Equity Buyback Plan announced on August 2, 2017.	03/05/23	CI
Transcript : Life Storage, Inc., Q1 2023 Earnings Call, May 03, 2023	03/05/23

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Company Profile

Life Storage LLC, formerly Life Storage, Inc., is a self-administered and self-managed equity real estate investment trust (REIT) that is in the business of acquiring and managing self-storage facilities. The Company operates in the country with over 3,500 locations, over 264 million square feet and serving over two million customers. The Company has an ownership interest in and/or managed 1,198 self-storage properties in 37 states and the District of Columbia. Among its 1,198 self-storage properties are 141 properties that it manages for unconsolidated joint ventures, 299 properties that it manages and has no ownership interest, and five properties that it leases. The Company serves both residential and commercial storage customers with storage units rented by month. It owns a direct or indirect interest in about 899 of the properties through the Operating Partnership, which includes 758 wholly owned properties and 141 properties owned by unconsolidated joint ventures.

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Specialized REITs

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