View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsLife Storage 배당 및 자사주 매입배당 기준 점검 5/6Life Storage 수익으로 충분히 충당되는 현재 수익률 3.61% 보유한 배당금 지급 회사입니다.핵심 정보3.6%배당 수익률-0.8%자사주 매입 수익률총 주주 수익률2.8%미래 배당 수익률3.9%배당 성장률9.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향65%최근 배당 및 자사주 매입 업데이트공시 • Jul 04Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023The Board of Directors of Life Storage, Inc. announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023.Upcoming Dividend • Jul 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%).Upcoming Dividend • Apr 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.6%).모든 업데이트 보기Recent updates공시 • Jul 12+ 1 more updateLife Storage, Inc. Announces Chief Financial Officer ChangesLife Storage, Inc. is saddened to report that Alexander Gress, Chief Financial Officer of the Company, passed away suddenly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. Effective July 11, 2023, David Dodman, the company’s Chief Operating Officer, was appointed as Chief Financial Officer of the Company. As the company’s Chief Operating Officer, Chief Financial Officer and Secretary, Mr. Dodman will be the company’s principal financial officer and principal accounting officer. David Dodman, age 49, has served as Chief Operating Officer of the company since 2022 and previously served as Senior Vice President of Strategic Planning and Investor Relations since joining the Company in 2018. Prior to joining the Company, Mr. Dodman held various corporate strategy, mergers and acquisitions and operational roles at KeyCorp, First Niagara Financial Group, Inc. and Lockheed Martin Corporation. He also worked in the Corporate Finance /Investment Banking departments of Legg Mason, Inc. and Stifel Financial Corp. Mr. Dodman holds an MBA from the University of Maryland and a BA from Loyola University Maryland.공시 • Jul 04Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023The Board of Directors of Life Storage, Inc. announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023.Recent Insider Transactions • Jun 08CEO & Director recently sold €616k worth of stockOn the 7th of June, Joseph Saffire sold around 5k shares on-market at roughly €122 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €1.8m.Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$0.96 (vs US$0.88 in 1Q 2022)First quarter 2023 results: EPS: US$0.96 (up from US$0.88 in 1Q 2022). Revenue: US$273.6m (up 16% from 1Q 2022). Net income: US$81.6m (up 11% from 1Q 2022). Profit margin: 30% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Feb 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €117, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the REITs industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €154 per share.공시 • Feb 04Life Storage, Inc. to Report Q4, 2022 Results on Feb 23, 2023Life Storage, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023공시 • Jan 04+ 1 more updateLife Storage, Inc. Announces Executive ChangesLife Storage, Inc. announced that Alexander Gress formally succeeded Andrew J. Gregoire as Chief Financial Officer. Mr. Gregoire’s previously announced retirement with the Company became effective at the close of business on January 2, 2023. Mr. Gress, age 49, has served as Vice President, Finance, Corporate Planning, and Investor Relations of the Company since October 2021. Prior to joining the Company, Mr. Gress served as Executive Vice President & Chief Financial Officer of the Hamister Group, LLC, a privately held real estate investment platform, and as a General Partner of Meritas Equity Partners, a private equity firm, from February 2020 through October 2021. Prior to that, Mr. Gress served in executive management and leadership positions for national and international banking institutions, as well as venture capital platforms, for over 20 years including JPMorgan Securities Inc. and Lehman Brothers Ltd. in London. Mr. Gress started his career at Price Waterhouse LLP in New York City in 1995.Recent Insider Transactions • Dec 21CEO & Director recently sold €575k worth of stockOn the 20th of December, Joseph Saffire sold around 6k shares on-market at roughly €93.85 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €2.8m.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: US$1.17 (vs US$0.89 in 3Q 2021)Third quarter 2022 results: EPS: US$1.17 (up from US$0.89 in 3Q 2021). Revenue: US$273.0m (up 30% from 3Q 2021). Net income: US$98.5m (up 40% from 3Q 2021). Profit margin: 36% (up from 34% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Recent Insider Transactions • Aug 11CEO & Director recently sold €647k worth of stockOn the 9th of August, Joseph Saffire sold around 5k shares on-market at roughly €128 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.7m.Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: US$1.10 (vs US$0.75 in 2Q 2021)Second quarter 2022 results: EPS: US$1.10 (up from US$0.75 in 2Q 2021). Revenue: US$257.0m (up 36% from 2Q 2021). Net income: US$92.3m (up 60% from 2Q 2021). Profit margin: 36% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.7% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Reported Earnings • May 06First quarter 2022 earnings released: FFO: US$235.6m per share (vs US$1.12 in 1Q 2021)First quarter 2022 results: FFO: US$235.6m per share (up from US$1.12 in 1Q 2021). Revenue: US$235.6m (up 36% from 1Q 2021). Funds from operations (FFO): US$120.7m (up 49% from 1Q 2021). FFO margin: 51% (up from 47% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Mar 15CEO & Director recently sold €1.1m worth of stockOn the 11th of March, Joseph Saffire sold around 9k shares on-market at roughly €120 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.1m.Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: FFO: US$794.3m per share (up from US$3.90 in FY 2020). Revenue: US$794.3m (up 28% from FY 2020). Funds from operations (FFO): US$399.7m (up 44% from FY 2020). FFO margin: 50% (up from 45% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 15% while thereits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Recent Insider Transactions • Dec 21CEO & Director recently sold €518k worth of stockOn the 20th of December, Joseph Saffire sold around 4k shares on-market at roughly €130 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Joseph has been a seller over the last 12 months, reducing personal holdings by €992k.Recent Insider Transactions • Nov 30CFO & Secretary recently sold €896k worth of stockOn the 29th of November, Andrew Gregoire sold around 8k shares on-market at roughly €119 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Andrew has been a seller over the last 12 months, reducing personal holdings by €1.8m.Recent Insider Transactions • Nov 17Director recently sold €2.9m worth of stockOn the 16th of November, David Rogers sold around 25k shares on-market at roughly €116 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.4m more than they bought in the last 12 months.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.52 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$208.3m (up 32% from 3Q 2020). Net income: US$70.3m (up 90% from 3Q 2020). Profit margin: 34% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.공시 • Sep 14+ 1 more updateLife Storage, Inc acquired 29 self-storage facilities.Life Storage, Inc acquired 29 self-storage facilities for approximately $340 million subsequent to June 30, 2021. The aggregate consideration paid included approximately $89.8 million of Series A Preferred Units and $1.5 million of common Operating Partnership Units, with the balance paid in cash. These facilities are located in Alabama (7), Arizona (1), Colorado (1), Florida (3), Georgia (7), Kentucky (1), New Hampshire (2), Ohio (1), Oklahoma (2), South Carolina (2) and Texas (2). Life Storage, Inc completed the acquisition of 29 self-storage facilities subsequent to June 30, 2021.Recent Insider Transactions • Sep 12Chief Operating Officer recently sold €2.6m worth of stockOn the 8th of September, Edward Killeen sold around 24k shares on-market at roughly €109 per share. This was the largest sale by an insider in the last 3 months. Edward has been a seller over the last 12 months, reducing personal holdings by €3.2m.공시 • Aug 05+ 1 more updateLife Storage, Inc. (NYSE:LSI) entered into contract to acquire Four Self-Storage Facilities in New Hampshire, Arizona and Florida for $54 million.Life Storage, Inc. (NYSE:LSI) entered into contract to acquire Four Self-Storage Facilities in New Hampshire, Arizona and Florida for $54 million on June 30, 2021. In a related transaction, Life Storage entered into contract to acquire Four Self-Storage Facilities in Texas for $47.5 million subsequent to second quarter end of 2021. Life Storage acquired Two Self-Storage Facilities for $22 million subsequent to second quarter end of 2021. The purchases of the remaining facilities are subject to customary conditions to closing.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS US$0.75 (vs US$0.52 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$187.3m (up 27% from 2Q 2020). Net income: US$57.5m (up 58% from 2Q 2020). Profit margin: 31% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%).공시 • Jun 25Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million.Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million on June 24, 2021. Life Storage, Inc. (NYSE:LSI) completed the acquisition of Self-storage facility in Oakland Park, Florida on June 24, 2021.Executive Departure • Jun 04Independent Director Charles Lannon has left the companyOn the 27th of May, Charles Lannon's tenure as Independent Director ended after 25.9 years in the role. As of March 2021, Charles still personally held 172.23k shares (€13m worth at the time). Charles is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.42 years.Recent Insider Transactions • May 22CEO & Director recently sold €474k worth of stockOn the 19th of May, Joseph Saffire sold around 6k shares on-market at roughly €79.00 per share. This was the largest sale by an insider in the last 3 months. This was Joseph's only on-market trade for the last 12 months.Recent Insider Transactions • May 11Chief Operating Officer recently sold €134k worth of stockOn the 7th of May, Edward Killeen sold around 2k shares on-market at roughly €78.63 per share. In the last 3 months, they made an even bigger sale worth €417k. Edward has been a seller over the last 12 months, reducing personal holdings by €551k.Reported Earnings • May 06First quarter 2021 earnings released: FFO US$1.12 per share (vs US$0.94 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$173.1m (up 17% from 1Q 2020). Funds from operations (FFO): US$81.3m (up 24% from 1Q 2020). FFO margin: 47% (up from 45% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 06Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million.Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million on March 31, 2021. Life Storage acquired one of these facilities for $16.5 million subsequent to March 31, 2021.공시 • May 05Life Storage, Inc. Provides Earnings Guidance for the Year of 2021Life Storage, Inc. provided earnings guidance for the year of 2021. For the year, the company expects current Same Store Revenue guidance to be 5.50% to 6.50% compared to prior guidance to be 3.75% to 4.75%.Upcoming Dividend • Apr 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.6%).Is New 90 Day High Low • Mar 16New 90-day high: €72.50The company is up 13% from a price of €64.33 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the REITs industry, which is down 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €97.75 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: SOV 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: SOV 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Life Storage 배당 수익률 vs 시장SOV의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SOV)3.6%시장 하위 25% (DE)0%시장 상위 25% (DE)0%업계 평균 (Specialized REITs)0%분석가 예측 (SOV) (최대 3년)3.9%주목할만한 배당금: SOV 의 배당금( 3.61% )은 German 시장에서 배당금 지급자의 하위 25%( 1.51% )보다 높습니다.고배당: SOV 의 배당금( 3.61% )은 German 시장에서 배당금 지급자의 상위 25%( 4.51% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적인 지급 비율 ( 65.1% )을 통해 SOV 의 배당금 지급은 수익으로 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적인 현금 지급 비율 ( 69% )로 SOV 의 배당금 지급은 현금 흐름으로 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/07/21 00:37종가2023/07/19 00:00수익2023/03/31연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Life Storage, Inc.는 20명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Richard MilliganBairdKeegan CarlBerenbergPaul AdornatoBMO Capital Markets Equity Research17명의 분석가 더 보기
공시 • Jul 04Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023The Board of Directors of Life Storage, Inc. announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023.
Upcoming Dividend • Jul 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%).
Upcoming Dividend • Apr 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.6%).
공시 • Jul 12+ 1 more updateLife Storage, Inc. Announces Chief Financial Officer ChangesLife Storage, Inc. is saddened to report that Alexander Gress, Chief Financial Officer of the Company, passed away suddenly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. Effective July 11, 2023, David Dodman, the company’s Chief Operating Officer, was appointed as Chief Financial Officer of the Company. As the company’s Chief Operating Officer, Chief Financial Officer and Secretary, Mr. Dodman will be the company’s principal financial officer and principal accounting officer. David Dodman, age 49, has served as Chief Operating Officer of the company since 2022 and previously served as Senior Vice President of Strategic Planning and Investor Relations since joining the Company in 2018. Prior to joining the Company, Mr. Dodman held various corporate strategy, mergers and acquisitions and operational roles at KeyCorp, First Niagara Financial Group, Inc. and Lockheed Martin Corporation. He also worked in the Corporate Finance /Investment Banking departments of Legg Mason, Inc. and Stifel Financial Corp. Mr. Dodman holds an MBA from the University of Maryland and a BA from Loyola University Maryland.
공시 • Jul 04Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023The Board of Directors of Life Storage, Inc. announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023.
Recent Insider Transactions • Jun 08CEO & Director recently sold €616k worth of stockOn the 7th of June, Joseph Saffire sold around 5k shares on-market at roughly €122 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €1.8m.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$0.96 (vs US$0.88 in 1Q 2022)First quarter 2023 results: EPS: US$0.96 (up from US$0.88 in 1Q 2022). Revenue: US$273.6m (up 16% from 1Q 2022). Net income: US$81.6m (up 11% from 1Q 2022). Profit margin: 30% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Feb 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €117, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the REITs industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €154 per share.
공시 • Feb 04Life Storage, Inc. to Report Q4, 2022 Results on Feb 23, 2023Life Storage, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023
공시 • Jan 04+ 1 more updateLife Storage, Inc. Announces Executive ChangesLife Storage, Inc. announced that Alexander Gress formally succeeded Andrew J. Gregoire as Chief Financial Officer. Mr. Gregoire’s previously announced retirement with the Company became effective at the close of business on January 2, 2023. Mr. Gress, age 49, has served as Vice President, Finance, Corporate Planning, and Investor Relations of the Company since October 2021. Prior to joining the Company, Mr. Gress served as Executive Vice President & Chief Financial Officer of the Hamister Group, LLC, a privately held real estate investment platform, and as a General Partner of Meritas Equity Partners, a private equity firm, from February 2020 through October 2021. Prior to that, Mr. Gress served in executive management and leadership positions for national and international banking institutions, as well as venture capital platforms, for over 20 years including JPMorgan Securities Inc. and Lehman Brothers Ltd. in London. Mr. Gress started his career at Price Waterhouse LLP in New York City in 1995.
Recent Insider Transactions • Dec 21CEO & Director recently sold €575k worth of stockOn the 20th of December, Joseph Saffire sold around 6k shares on-market at roughly €93.85 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €2.8m.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: US$1.17 (vs US$0.89 in 3Q 2021)Third quarter 2022 results: EPS: US$1.17 (up from US$0.89 in 3Q 2021). Revenue: US$273.0m (up 30% from 3Q 2021). Net income: US$98.5m (up 40% from 3Q 2021). Profit margin: 36% (up from 34% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Aug 11CEO & Director recently sold €647k worth of stockOn the 9th of August, Joseph Saffire sold around 5k shares on-market at roughly €128 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.7m.
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: US$1.10 (vs US$0.75 in 2Q 2021)Second quarter 2022 results: EPS: US$1.10 (up from US$0.75 in 2Q 2021). Revenue: US$257.0m (up 36% from 2Q 2021). Net income: US$92.3m (up 60% from 2Q 2021). Profit margin: 36% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.7% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Reported Earnings • May 06First quarter 2022 earnings released: FFO: US$235.6m per share (vs US$1.12 in 1Q 2021)First quarter 2022 results: FFO: US$235.6m per share (up from US$1.12 in 1Q 2021). Revenue: US$235.6m (up 36% from 1Q 2021). Funds from operations (FFO): US$120.7m (up 49% from 1Q 2021). FFO margin: 51% (up from 47% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Mar 15CEO & Director recently sold €1.1m worth of stockOn the 11th of March, Joseph Saffire sold around 9k shares on-market at roughly €120 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.1m.
Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: FFO: US$794.3m per share (up from US$3.90 in FY 2020). Revenue: US$794.3m (up 28% from FY 2020). Funds from operations (FFO): US$399.7m (up 44% from FY 2020). FFO margin: 50% (up from 45% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 15% while thereits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Dec 21CEO & Director recently sold €518k worth of stockOn the 20th of December, Joseph Saffire sold around 4k shares on-market at roughly €130 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Joseph has been a seller over the last 12 months, reducing personal holdings by €992k.
Recent Insider Transactions • Nov 30CFO & Secretary recently sold €896k worth of stockOn the 29th of November, Andrew Gregoire sold around 8k shares on-market at roughly €119 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Andrew has been a seller over the last 12 months, reducing personal holdings by €1.8m.
Recent Insider Transactions • Nov 17Director recently sold €2.9m worth of stockOn the 16th of November, David Rogers sold around 25k shares on-market at roughly €116 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.4m more than they bought in the last 12 months.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.52 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$208.3m (up 32% from 3Q 2020). Net income: US$70.3m (up 90% from 3Q 2020). Profit margin: 34% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
공시 • Sep 14+ 1 more updateLife Storage, Inc acquired 29 self-storage facilities.Life Storage, Inc acquired 29 self-storage facilities for approximately $340 million subsequent to June 30, 2021. The aggregate consideration paid included approximately $89.8 million of Series A Preferred Units and $1.5 million of common Operating Partnership Units, with the balance paid in cash. These facilities are located in Alabama (7), Arizona (1), Colorado (1), Florida (3), Georgia (7), Kentucky (1), New Hampshire (2), Ohio (1), Oklahoma (2), South Carolina (2) and Texas (2). Life Storage, Inc completed the acquisition of 29 self-storage facilities subsequent to June 30, 2021.
Recent Insider Transactions • Sep 12Chief Operating Officer recently sold €2.6m worth of stockOn the 8th of September, Edward Killeen sold around 24k shares on-market at roughly €109 per share. This was the largest sale by an insider in the last 3 months. Edward has been a seller over the last 12 months, reducing personal holdings by €3.2m.
공시 • Aug 05+ 1 more updateLife Storage, Inc. (NYSE:LSI) entered into contract to acquire Four Self-Storage Facilities in New Hampshire, Arizona and Florida for $54 million.Life Storage, Inc. (NYSE:LSI) entered into contract to acquire Four Self-Storage Facilities in New Hampshire, Arizona and Florida for $54 million on June 30, 2021. In a related transaction, Life Storage entered into contract to acquire Four Self-Storage Facilities in Texas for $47.5 million subsequent to second quarter end of 2021. Life Storage acquired Two Self-Storage Facilities for $22 million subsequent to second quarter end of 2021. The purchases of the remaining facilities are subject to customary conditions to closing.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS US$0.75 (vs US$0.52 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$187.3m (up 27% from 2Q 2020). Net income: US$57.5m (up 58% from 2Q 2020). Profit margin: 31% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%).
공시 • Jun 25Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million.Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million on June 24, 2021. Life Storage, Inc. (NYSE:LSI) completed the acquisition of Self-storage facility in Oakland Park, Florida on June 24, 2021.
Executive Departure • Jun 04Independent Director Charles Lannon has left the companyOn the 27th of May, Charles Lannon's tenure as Independent Director ended after 25.9 years in the role. As of March 2021, Charles still personally held 172.23k shares (€13m worth at the time). Charles is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.42 years.
Recent Insider Transactions • May 22CEO & Director recently sold €474k worth of stockOn the 19th of May, Joseph Saffire sold around 6k shares on-market at roughly €79.00 per share. This was the largest sale by an insider in the last 3 months. This was Joseph's only on-market trade for the last 12 months.
Recent Insider Transactions • May 11Chief Operating Officer recently sold €134k worth of stockOn the 7th of May, Edward Killeen sold around 2k shares on-market at roughly €78.63 per share. In the last 3 months, they made an even bigger sale worth €417k. Edward has been a seller over the last 12 months, reducing personal holdings by €551k.
Reported Earnings • May 06First quarter 2021 earnings released: FFO US$1.12 per share (vs US$0.94 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$173.1m (up 17% from 1Q 2020). Funds from operations (FFO): US$81.3m (up 24% from 1Q 2020). FFO margin: 47% (up from 45% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 06Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million.Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million on March 31, 2021. Life Storage acquired one of these facilities for $16.5 million subsequent to March 31, 2021.
공시 • May 05Life Storage, Inc. Provides Earnings Guidance for the Year of 2021Life Storage, Inc. provided earnings guidance for the year of 2021. For the year, the company expects current Same Store Revenue guidance to be 5.50% to 6.50% compared to prior guidance to be 3.75% to 4.75%.
Upcoming Dividend • Apr 06Upcoming dividend of US$0.74 per shareEligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.6%).
Is New 90 Day High Low • Mar 16New 90-day high: €72.50The company is up 13% from a price of €64.33 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the REITs industry, which is down 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €97.75 per share.