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
Website
CEO
Joseph Saffire
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SOVRAN SELF STORAGE INC
SEC CIK
Corporate docs
IRS number
161194043
LSI stock data
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 55.06M | 55.06M | 55.06M | 55.06M | 55.06M | 55.06M |
Cash burn (monthly) | 40.46M | (no burn) | (no burn) | 25.07M | (no burn) | (no burn) |
Cash used (since last report) | 186.68M | n/a | n/a | 115.69M | n/a | n/a |
Cash remaining | -131.62M | n/a | n/a | -60.62M | n/a | n/a |
Runway (months of cash) | -3.3 | n/a | n/a | -2.4 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Aug 22 | Saffire Joseph | Common Stock | Sell | Dispose S | No | No | 131.22 | 5,044 | 661.87K | 61,305 |
26 May 22 | Rogers David L | Common Stock | Grant | Acquire A | No | No | 0 | 967 | 0 | 144,345 |
26 May 22 | Hamilton Dana | Deferred Common Stock Unit Common Stock | Grant | Acquire A | No | No | 0 | 967 | 0 | 1,985 |
26 May 22 | Hamilton Dana | Common Stock unit Common Stock | Grant | Acquire A | No | No | 0 | 263.85 | 0 | 1,613.51 |
26 May 22 | Rusmisel Stephen R | Deferred Common Stock Unit Common Stock | Grant | Acquire A | No | No | 0 | 967 | 0 | 1,985 |
26 May 22 | Mark G Barberio | Common Stock | Grant | Acquire A | No | No | 0 | 967 | 0 | 7,886 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Financial report summary
?Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
|
New words:
billion, driver, FL, fleet, loan, refinance, restated, SOFR, spending, strategic, Tampa, thereunder, unregistered
Removed:
extremely, high, initially, insurance, lack
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
11 Aug 22
8-K
Results of Operations and Financial Condition
3 Aug 22
8-K
Entry into a Material Definitive Agreement
15 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
31 May 22
8-K
Results of Operations and Financial Condition
4 May 22
8-K
Results of Operations and Financial Condition
23 Feb 22
8-K
Departure of Directors or Certain Officers
3 Jan 22
8-K
Departure of Directors or Certain Officers
20 Dec 21
8-K
Results of Operations and Financial Condition
2 Nov 21
8-K
Entry into a Material Definitive Agreement
7 Oct 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
11 Aug 22
424B2
Prospectus for primary offering
29 Sep 21
FWP
Free writing prospectus
28 Sep 21
424B5
Prospectus supplement for primary offering
28 Sep 21
424B5
Prospectus supplement for primary offering
15 Sep 21
424B3
Prospectus supplement
13 Sep 21
424B5
Prospectus supplement for primary offering
15 Jun 21
S-3ASR
Automatic shelf registration
11 Jun 21
424B5
Prospectus supplement for primary offering
29 Dec 20
424B2
Prospectus for primary offering
10 Sep 20
Proxies
Other
UPLOAD
Letter from SEC
14 Jun 18
CORRESP
Correspondence with SEC
24 May 18
UPLOAD
Letter from SEC
23 May 18
UPLOAD
Letter from SEC
24 Jul 16
CORRESP
Correspondence with SEC
19 Jul 16
UPLOAD
Letter from SEC
6 Jul 16
UPLOAD
Letter from SEC
9 Jun 11
UPLOAD
Letter from SEC
9 Jun 11
CORRESP
Correspondence with SEC
6 Jun 11
UPLOAD
Letter from SEC
21 Dec 08
Ownership
4
LIFE STORAGE / Joseph Saffire ownership change
10 Aug 22
4
LIFE STORAGE / Sue Harnett ownership change
31 May 22
4
LIFE STORAGE / EDWARD J PETTINELLA ownership change
31 May 22
4
LIFE STORAGE / Arthur L Havener Jr ownership change
31 May 22
4
LIFE STORAGE / Mark G Barberio ownership change
31 May 22
4
LIFE STORAGE / Stephen R Rusmisel ownership change
31 May 22
4
LIFE STORAGE / DANA HAMILTON ownership change
31 May 22
4
LIFE STORAGE / DAVID L ROGERS ownership change
31 May 22
4
LIFE STORAGE / Stephen R Rusmisel ownership change
21 Mar 22
4
LIFE STORAGE / Joseph Saffire ownership change
18 Mar 22
Transcripts
2021 Q4
Earnings call transcript
25 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
20 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
2 Aug 19
2019 Q1
Earnings call transcript
3 May 19
2018 Q4
Earnings call transcript
26 Feb 19
2018 Q3
Earnings call transcript
1 Nov 18