| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
LSI Stock Overview
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities.
Life Storage Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$130.00 |
| 52 Week High | US$154.45 |
| 52 Week Low | US$100.66 |
| Beta | 0.58 |
| 1 Month Change | 13.88% |
| 3 Month Change | 14.00% |
| 1 Year Change | 8.08% |
| 3 Year Change | 89.78% |
| 5 Year Change | 167.20% |
| Change since IPO | 743.24% |
Recent News & Updates
Life Storage FFO of $1.65 beats by $0.12, revenue of $257.05M beats by $13.63M
Life Storage press release (NYSE:LSI): Q2 FFO of $1.65 beats by $0.12. Revenue of $257.05M (+37.3% Y/Y) beats by $13.63M.
Life Storage raises dividend by 8% $1.08
Life Storage (NYSE:LSI) declares $1.08/share quarterly dividend, 8% increase from prior dividend of $1.00. Forward yield 3.78% Payable July 26; for shareholders of record July 15; ex-div July 14. See LSI Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| LSI | US REITs | US Market | |
|---|---|---|---|
| 7D | 4.5% | -0.3% | 1.1% |
| 1Y | 8.1% | -6.7% | -13.0% |
Return vs Industry: LSI exceeded the US REITs industry which returned -8% over the past year.
Return vs Market: LSI exceeded the US Market which returned -12.9% over the past year.
Price Volatility
| LSI volatility | |
|---|---|
| LSI Average Weekly Movement | 4.1% |
| REITs Industry Average Movement | 4.4% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: LSI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: LSI's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 2,241 | Joe Saffire | https://www.lifestorage.com |
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 30 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 Fundamentals Summary
| LSI fundamental statistics | |
|---|---|
| Market Cap | US$11.09b |
| Earnings (TTM) | US$310.26m |
| Revenue (TTM) | US$927.03m |
35.3x
P/E Ratio11.8x
P/S RatioIs LSI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LSI income statement (TTM) | |
|---|---|
| Revenue | US$927.03m |
| Cost of Revenue | US$276.71m |
| Gross Profit | US$650.32m |
| Other Expenses | US$340.06m |
| Earnings | US$310.26m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.68 |
| Gross Margin | 70.15% |
| Net Profit Margin | 33.47% |
| Debt/Equity Ratio | 82.9% |
How did LSI perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield61%
Payout RatioValuation
Is LSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LSI?
Other financial metrics that can be useful for relative valuation.
| What is LSI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$11.09b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 15.4x |
| Enterprise Value/EBITDA | 24.4x |
| PEG Ratio | 4.2x |
Price to Earnings Ratio vs Peers
How does LSI's PE Ratio compare to its peers?
| LSI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 37x | ||
CUBE CubeSmart | 47x | 7.8% | US$10.9b |
LAMR Lamar Advertising | 22.8x | 7.3% | US$10.4b |
GLPI Gaming and Leisure Properties | 24.3x | 8.2% | US$13.5b |
NSA National Storage Affiliates Trust | 53.9x | 10.6% | US$6.9b |
LSI Life Storage | 35.3x | 8.4% | US$11.1b |
Price-To-Earnings vs Peers: LSI is good value based on its Price-To-Earnings Ratio (35.3x) compared to the peer average (37x).
Price to Earnings Ratio vs Industry
How does LSI's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: LSI is expensive based on its Price-To-Earnings Ratio (35.3x) compared to the US REITs industry average (31.2x)
Price to Earnings Ratio vs Fair Ratio
What is LSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 35.3x |
| Fair PE Ratio | 40.3x |
Price-To-Earnings vs Fair Ratio: LSI is good value based on its Price-To-Earnings Ratio (35.3x) compared to the estimated Fair Price-To-Earnings Ratio (40.3x).
Share Price vs Fair Value
What is the Fair Price of LSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LSI ($130) is trading below our estimate of fair value ($216.89)
Significantly Below Fair Value: LSI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
Future Growth
How is Life Storage forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LSI's forecast earnings growth (8.4% per year) is above the savings rate (1.9%).
Earnings vs Market: LSI's earnings (8.4% per year) are forecast to grow slower than the US market (12.8% per year).
High Growth Earnings: LSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: LSI's revenue (7.3% per year) is forecast to grow slower than the US market (8% per year).
High Growth Revenue: LSI's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LSI's Return on Equity is forecast to be low in 3 years time (11.4%).
Discover growth companies
Past Performance
How has Life Storage performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LSI has high quality earnings.
Growing Profit Margin: LSI's current net profit margins (33.5%) are higher than last year (26.7%).
Past Earnings Growth Analysis
Earnings Trend: LSI's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: LSI's earnings growth over the past year (69%) exceeds its 5-year average (17.1% per year).
Earnings vs Industry: LSI earnings growth over the past year (69%) exceeded the REITs industry 45.8%.
Return on Equity
High ROE: LSI's Return on Equity (8.5%) is considered low.
Discover strong past performing companies
Financial Health
How is Life Storage's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: LSI's short term assets ($71.3M) do not cover its short term liabilities ($103.3M).
Long Term Liabilities: LSI's short term assets ($71.3M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: LSI's net debt to equity ratio (82.1%) is considered high.
Reducing Debt: LSI's debt to equity ratio has reduced from 84.2% to 82.9% over the past 5 years.
Debt Coverage: LSI's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: LSI's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Life Storage current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LSI's dividend (3.32%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: LSI's dividend (3.32%) is low compared to the top 25% of dividend payers in the US market (4.1%).
Stability and Growth of Payments
Stable Dividend: LSI's dividends per share have been stable in the past 10 years.
Growing Dividend: LSI's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60.9%), LSI's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.6%), LSI's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
11.0yrs
Average management tenure
CEO
Joe Saffire (52 yo)
3.42yrs
Tenure
US$5,168,691
Compensation
Mr. Joseph V. Saffire, also known as Joe, has been Director and Chief Executive Officer at Life Storage, Inc. since March 14, 2019, and March 1, 2019 respectively. Mr. Saffire was Chief Investment Officer...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD5.17M) is below average for companies of similar size in the US market ($USD12.96M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: LSI's management team is seasoned and experienced (11 years average tenure).
Board Members
Experienced Board: LSI's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.7%.
Top Shareholders
Company Information
Life Storage, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Life Storage, Inc.
- Ticker: LSI
- Exchange: NYSE
- Founded: 1982
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$11.088b
- Market Cap: US$10.954b
- Shares outstanding: 85.30m
- Website: https://www.lifestorage.com
Number of Employees
Location
- Life Storage, Inc.
- 6467 Main Street
- Williamsville
- New York
- 14221
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/08 00:00 |
| End of Day Share Price | 2022/08/08 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.