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LSI Life Storage Inc - Registered Shares

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 31 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.

Company profile

Ticker
LSI
Exchange
CEO
Joseph Saffire
Employees
Incorporated
Location
Fiscal year end
Former names
SOVRAN SELF STORAGE INC
SEC CIK
IRS number
161194043

LSI stock data

(
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Calendar

5 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 18.42M 18.42M 18.42M 18.42M 18.42M 18.42M
Cash burn (monthly) 13.45M 553.42K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 52.2M 2.15M n/a n/a n/a n/a
Cash remaining -33.78M 16.28M n/a n/a n/a n/a
Runway (months of cash) -2.5 29.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 May 21 Hamilton Dana Deferred Common Stock Unit Common Stock Grant Aquire A No No 0 1,018 0 1,018
27 May 21 Hamilton Dana Common Stock unit Common Stock Grant Aquire A No No 0 294.87 0 650.37
27 May 21 Rusmisel Stephen R Deferred Common Stock Unit Common Stock Grant Aquire A No No 0 1,018 0 1,018
27 May 21 Havener Arthur L Jr Deferred Common Stock Unit Common Stock Grant Aquire A No No 0 1,018 0 1,018
27 May 21 Mark G Barberio Common Stock Grant Aquire A No No 0 1,018 0 6,919
27 May 21 Rogers David L Common Stock Grant Aquire A No No 0 1,018 0 171,278

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
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Financial report summary

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Management Discussion
  • We recorded rental revenues of $150.3 million for the three months ended March 31, 2021, an increase of $21.4 million or 16.6% when compared to rental revenues of $128.9 million for the same period in 2020. This increase in rental revenue was driven by a $9.0 million, or 7.3%, increase in rental revenues at the 531 core properties considered in same store sales (the Company will include stores in its same store pool in the second year after the stores achieve 80% sustained occupancy using market rates and incentives; therefore the 531 core properties considered in same store sales are those included in the consolidated results of operations since January 1, 2020, excluding stores not yet stabilized, four stores significantly impacted by flooding, and two stores that the Company began to fully replace in 2017). The increase in same store rental revenues was a result of a 410 basis point increase in average occupancy along with an increase of 1.3% in rental income per square foot. Also affecting the overall increase in rental revenues was an increase of $12.4 million in rental revenues contributed by stores not included in the same store pool, primarily those acquired in 2020 and 2021. Other operating income, which includes merchandise sales, revenues related to tenant reinsurance, truck rentals, management fees and acquisition fees, increased by $3.6 million for the three months ended March 31, 2021 compared to the same period in 2020 primarily as a result of increased revenues related to the Company’s tenant insurance program and increased revenues from the Company’s Warehouse Anywhere third party logistics and warehousing solution.
Content analysis
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Positive
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Legalese
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Readability
H.S. junior Avg
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