Life Storage, Inc. [Acquired] | REIT Profile

Symbol: LSI new symbol: EXR
CIK: 944314
Exchange: NYSE
Founded: 1982
HQ: Buffalo, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Self Storage

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About Life Storage, Inc. [Acquired]

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.

Life Storage, Inc. Company Logo

Latest REIT Press Releases

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Related Information

Material Source Description
Extra Space Storage & Life Storage Announce Closing of Merger (2023-07-20) PRNewswire SALT LAKE CITY, July 20, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) ("Extra Space") and Life Storage, Inc. ("Life Storage") announced today that the companies have completed their previously announced merger, following approval by the shareholders of both companies. The combined company is now the largest storage operator in the country (based on the number of self-storage locations) with over 3,500 locations, approximately 270 million square feet of rentable storage space, and over two million customers. The combined entity will be among the largest REITs in the MSCI U.S. REIT Index, with an enterprise value of approximately $46 billion.

Related REITs

REIT REITRating™ Score Exchange Market Capitalization Sector Country
Public Storage (PSA) 8.9 NYSE Large-Cap Self Storage United States
Acadia Realty Trust (AKR) 7.8 NYSE Small-Cap Retail United States
Extra Space Storage, Inc. (EXR) 8.6 NYSE Large-Cap Self Storage United States

Last updated: 2023-11-29 - v4.8