Life Storage, Inc.

Symbol: LSI
CIK: 944314
Exchange: NYSE
Founded: 1982 (37 years)
HQ: Buffalo, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Self Storage

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Life Storage, Inc. Company Logo

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 8.8   Dividend Section Rating

Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.5
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 6.9
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 5.8
9 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.0
8.8 Overall Dividend Section Rating: The REIT’s total dividend score from the compilation of the below dividend analysis. 6.8

 8.8   Leverage Section Rating

Rating Leverage Section Avg. Rating
9 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 7.3
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.0
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 6.3
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
8.8 Overall Leverage Section Rating: The REIT’s total Debt Leverage score from the compilation of the above Debt analysis. 7.4

 7.5   Asset & Revenue Section Rating

Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.9
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.6
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
7.5 Overall Asset & Revenue Section Rating: The REIT’s total Asset, Revenues, and Administrative expenses score from the compilation of the above analysis. 7.2

 8.4   Overall REITRating™ Score


REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Stock Chart

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Hightlights of Previous Trading Day 2019-06-26


Closing Price: $94.62
Price Change: -1.46 (-1.52%)
Lowest Price: $93.67
Highest Price: $96

52-Week Low: $88.92
52-Week High: $102.91

5 Day Price Change: -1.89%
1 Month Price Change: -0.18%
3 Month Price Change: -0.72%
1 Year Price Change: -1.23%
2 Year Price Change: 30.41%
5 Year Price Change: 770.47%

See historical stock prices for LSI

Dividend of Previous Trading Day 2019-06-26

See complete list of dividend paymemts for LSI

Dividend Yield: 4.227%*
Annualized Dividend: $4*
Ex Dividend Date: 2019-04-15
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter.
FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.

Stock Price to FFO & AFFO Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.

As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).

Key Stats of Previous Trading Day 2019-06-26


52-Week Low: $88.92
52-Week High: $102.91 [Compare]
P/E Ratio: 21.28 [Compare]
P/E Ratio High: N/A [Compare]
P/E Ratio Low: N/A [Compare]
Market Cap: $4,412,414,460 [Compare]
Shares Outstanding: 46,633,000 [Compare]
Float: 37,263,690 [Compare]
Latest Volume: 477,597 [Compare]
Avg. Total Volume: 342,174 [Compare]
Beta: 0.25 [Compare]
Return On Equity (ROE): N/A [Compare]
Return On Assets (ROA): N/A [Compare]
Number Of Estimates: N/A
Revenue Per Share: N/A [Compare]
Revenue Per Employee: N/A [Compare]
Profit Margin: N/A
Price To Sales: N/A [Compare]
Price To Book: N/A [Compare]
Short Ratio: N/A [Compare]
TTM EPS: 4.447
50-Day Moving Avg.: $96.23
200-Day Moving Avg.: $95.87
Held by Insiders: N/A
Held by Institution: N/A

*Percentage held by top 15 institutions.

Fundamental Ratios of Previous Quarter Results 2019-03-31


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Earning Before Interest & Taxes (EBIT): *Please Login [Compare]
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Free Cash Flow per Share: *Please Login [Compare]
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Latest REIT Community Comments on #LSI


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Properties Owned by LSI


Properties owned:
700
Types:
1
States:
28
Counties:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
LSI Sample Property
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by LSI, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience. See complete list of dividend payments for LSI.


Symbol Quarter Ex Date Cash Amount Change in Dividend

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Total Assets 3,958,803,000.00 3,892,212,000.00 3,869,334,000.00 3,862,969,000.00
Cash and Equivalents 8,875,000.00 13,560,000.00 13,282,000.00 7,327,000.00
Investments 135,342,000.00 145,911,000.00 135,328,000.00 133,225,000.00
Investments Current 0.00 0.00 0.00 0.00
Investments Non-Current 0.00 0.00 0.00 0.00
Deferred Revenue 9,907,000.00 9,191,000.00 9,128,000.00 10,080,000.00
Deposit Liabilities 0.00 0.00 0.00 0.00
Property, Plant & Equipment Net 3,745,860,000.00 3,694,258,000.00 3,675,617,000.00 3,675,667,000.00
Inventory 0.00 0.00 0.00 0.00
Tax Assets 0.00 0.00 0.00 0.00
Trade and Non-Trade Receivables 11,134,000.00 8,811,000.00 8,734,000.00 8,929,000.00
Trade and Non-Trade Payables 77,513,000.00 87,446,000.00 79,194,000.00 83,254,000.00
Goodwill and Intangible Assets 16,500,000.00 16,500,000.00 16,500,000.00 16,500,000.00
Total Liabilities 1,887,968,000.00 1,810,759,000.00 1,839,267,000.00 1,828,885,000.00
Shareholders Equity 2,046,891,000.00 2,057,737,000.00 2,009,561,000.00 2,013,440,000.00
Accumulated Retained Earnings (Deficit) -320,482,000.00 -308,011,000.00 -354,130,000.00 -348,764,000.00
Accumulated Other Comprehensive Income -6,646,000.00 -6,875,000.00 -7,104,000.00 -7,204,000.00
Current Assets 0.00 0.00 0.00 0.00
Assets Non-Current 0.00 0.00 0.00 0.00
Current Liabilities 0.00 0.00 0.00 0.00
Liabilities Non-Current 0.00 0.00 0.00 0.00
Tax Liabilities 0.00 0.00 0.00 0.00
Total Debt 1,800,548,000.00 1,714,122,000.00 1,750,945,000.00 1,735,551,000.00
Debt Current 0.00 0.00 0.00 0.00
Debt Non-Current 0.00 0.00 0.00 0.00

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Revenues 136,522,000.00 138,265,000.00 141,483,000.00 138,008,000.00
Cost of Revenue 47,253,000.00 45,391,000.00 45,766,000.00 45,430,000.00
Selling, General and Administrative Expense 12,337,000.00 12,809,000.00 11,742,000.00 11,728,000.00
Research and Development Expense 0.00 0.00 0.00 0.00
Operating Expenses 38,705,000.00 -17,757,000.00 39,174,000.00 36,653,000.00
Interest Expense 17,819,000.00 18,027,000.00 17,923,000.00 17,518,000.00
Income Tax Expense 0.00 0.00 0.00 0.00
Net Income from Discontinued Operations 0.00 0.00 0.00 0.00
Consolidated Income 34,637,000.00 92,740,000.00 41,311,000.00 39,457,000.00
Net Income to Non-Controlling Interests 183,000.00 433,000.00 191,000.00 183,000.00
Net Income 34,454,000.00 92,307,000.00 41,120,000.00 39,274,000.00
Preferred Dividends Income Statement Impact 0.00 0.00 0.00 0.00
Net Income Common Stock 34,454,000.00 92,307,000.00 41,120,000.00 39,274,000.00
Earnings per Basic Share 0.74 1.98 0.88 0.84
Earnings per Diluted Share 0.74 1.98 0.88 0.84
Weighted Average Shares 46,564,846.00 46,601,427.00 46,526,362.00 46,480,907.00
Weighted Average Shares Diluted 46,636,700.00 0.00 46,627,968.00 46,576,352.00

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-03-31 2018-12-31 2018-09-30 2018-06-30
Capital Expenditure -67,168,000.00 6,133,000.00 -25,806,000.00 -19,292,000.00
Net Cash Flow - Business Acquisitions and Disposals -1,792,000.00 -2,623,000.00 -3,233,000.00 -1,156,000.00
Net Cash Flow - Investment Acquisitions and Disposals 0.00 0.00 0.00 0.00
Net Cash Flow from Financing 39,022,000.00 -87,575,000.00 -31,975,000.00 -61,011,000.00
Issuance (Repayment) of Debt Securities 85,902,000.00 -40,613,000.00 14,908,000.00 -17,092,000.00
Issuance (Purchase) of Equity Shares 0.00 -145,000.00 -68,000.00 2,813,000.00
Payment of Dividends & Other Cash Distributions -46,631,000.00 -46,602,000.00 -46,600,000.00 -46,514,000.00
Net Cash Flow from Investing -74,960,000.00 3,789,000.00 -29,609,000.00 -20,448,000.00
Net Cash Flow from Operations 34,887,000.00 78,904,000.00 72,728,000.00 81,062,000.00
Effect of Exchange Rate Changes on Cash 0.00 0.00 0.00 0.00
Net Cash Flow / Change in Cash & Cash Equivalents -1,051,000.00 -4,882,000.00 11,144,000.00 -397,000.00
Share Based Compensation 1,396,000.00 1,832,000.00 1,455,000.00 1,256,000.00
Depreciation, Amortization & Accretion 26,227,000.00 25,691,000.00 27,291,000.00 24,784,000.00

About Life Storage, Inc.


Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self-storage properties throughout the United States. Headquartered in Buffalo, New York, the company employs over 1,600 people and operates approximately 700 self-storage facilities encompassing over 45 million square feet in 29 states. Life Storage, Inc. currently operates under the brand name Life Storage®, and is one of the largest self-storage companies in the world. Prior to 2017, the company operated under the brand Uncle Bob’s Self Storage®. Founded in 1982, the company was originally a financial planning firm but opened its first self-storage facility in Florida in 1985.

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