Life Storage
Market Cap
US$5.0b
Last Updated
2019/10/14 23:41 UTC
Data Sources
Company Financials +
Executive Summary
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities.
Snowflake
Fundamentals
Solid track record average dividend payer.
Similar Companies
Share Price & News
How has Life Storage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
LSI
-0.2%
US REITs
1.3%
US Market
1 Year Return
18.8%
LSI
19.9%
US REITs
5.9%
US Market
Return vs Industry: LSI underperformed the US REITs industry which returned 19.9% over the past year.
Return vs Market: LSI exceeded the US Market which returned 5.9% over the past year.
Shareholder returns
| LSI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -0.2% | 1.3% |
| 30 Day | 4.5% | 2.0% | -1.9% |
| 90 Day | 6.8% | 4.2% | -1.8% |
| 1 Year | 23.8%18.8% | 25.3%19.9% | 8.3%5.9% |
| 3 Year | 43.1%25.0% | 34.1%17.0% | 45.6%36.2% |
| 5 Year | 63.3%32.9% | 64.2%29.5% | 66.1%47.9% |
Price Volatility Vs. Market
How volatile is Life Storage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why I Think Life Storage (NYSE:LSI) Might Deserve Your Attention Today4 weeks ago | Simply Wall St
Three Things You Should Check Before Buying Life Storage, Inc. (NYSE:LSI) For Its Dividend1 month ago | Simply Wall St
Have Insiders Sold Life Storage, Inc. (NYSE:LSI) Shares Recently?Valuation
Is Life Storage undervalued compared to its fair value and its price relative to the market?
11.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: LSI ($107.04) is trading below our estimate of fair value ($121.52)
Significantly Undervalued: LSI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LSI is good value based on its PE Ratio (23.9x) compared to the REITs industry average (35.3x).
PE vs Market: LSI is poor value based on its PE Ratio (23.9x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: LSI is poor value based on its PEG Ratio (8x)
Price to Book Ratio
PB vs Industry: LSI is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Life Storage forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
3.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LSI's forecast earnings growth (3% per year) is above the savings rate (2.7%).
Earnings vs Market: LSI's earnings (3% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: LSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: LSI's revenue (4.2% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: LSI's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if LSI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Life Storage performed over the past 5 years?
15.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: LSI's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: LSI's earnings growth over the past year (60.8%) exceeds its 5-year average (15.9% per year).
Earnings vs Industry: LSI earnings growth over the past year (60.8%) exceeded the REITs industry 17%.
Return on Equity
High ROE: LSI's Return on Equity (10.1%) is considered low.
Return on Assets
ROA vs Industry: LSI has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: LSI has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Life Storage's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: LSI has a high level of physical assets or inventory.
Debt Coverage by Assets: LSI's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: LSI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LSI has a sufficient allowance for bad loans.
Low Risk Liabilities: LSI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LSI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LSI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LSI has an appropriate level of bad loans.
Next Steps
Dividend
What is Life Storage's current dividend yield, its reliability and sustainability?
3.74%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: LSI's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: LSI's dividend (3.74%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: LSI's dividend payments have been volatile in the past 10 years.
Growing Dividend: LSI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.4%), LSI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LSI's dividends in 3 years are forecast to be thoroughly covered by earnings (1.4% payout ratio).
Next Steps
Management
What is the CEO of Life Storage's salary, the management and board of directors tenure and is there insider trading?
9.8yrs
Average management tenure
CEO
Joe Saffire (49yo)
0.6yrs
Tenure
US$2,433,202
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 o ...
CEO Compensation Analysis
Compensation vs. Market: Joe has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.
Management Age and Tenure
9.8yrs
Average Tenure
51yo
Average Age
Experienced Management: LSI's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
1.6yrs
Average Tenure
61yo
Average Age
Experienced Board: LSI's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: LSI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer CFO & Secretary |
| Shares | 3,000 |
| Max Price | US$105.04 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 1,500 |
| Max Price | US$105.06 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 598 |
| Max Price | US$95.77 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | US$96.12 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 4,006 |
| Max Price | US$101.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 650 |
| Max Price | US$99.00 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$94.39 |
Ownership Breakdown
Management Team
Ed Killeen (55yo)
Chief Operating Officer
- Tenure: 4.8yrs
- Compensation: US$1.69m
Joe, Andy Gregoire (51yo)
CFO & Secretary
- Tenure: 7.6yrs
- Compensation: US$1.69m
Joe Saffire (49yo)
CEO & Director
- Tenure: 0.6yrs
- Compensation: US$2.43m
Randy Hillman
Regional Vice President
- Tenure: 15.8yrs
David Paolini
Vice President of Revenue Management
- Tenure: 9.8yrs
Jeffrey O'Donnell
Vice President of Information Technology
- Tenure: 19.8yrs
John Rogers
Vice President of Business Development
- Tenure: 26.8yrs
Jennifer Kozub
Director of Human Resources
- Tenure: 20.8yrs
Christopher Laczi
Vice President of Marketing
- Tenure: 3.8yrs
David Dodman
Vice President of Investor Relations & Strategic Planning
- Tenure: 0yrs
Board Members
Mark Barberio (57yo)
Non-Executive Chairman
- Tenure: 1.4yrs
- Compensation: US$254.72k
Dave Rogers (63yo)
Director
- Tenure: 1.6yrs
- Compensation: US$1.34m
Dana Hamilton (50yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$178.70k
Charles Lannon (71yo)
Independent Director
- Tenure: 24.3yrs
- Compensation: US$170.97k
Ed Pettinella (67yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$175.87k
Stephen Rusmisel (73yo)
Independent Director
- Tenure: 7.4yrs
- Compensation: US$226.59k
Carol Hansell (61yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: US$166.51k
Art Havener (52yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$176.59k
Joe Saffire (49yo)
CEO & Director
- Tenure: 0.6yrs
- Compensation: US$2.43m
Company Information
Life Storage, Inc.'s company bio, 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$4.997b
- Market Cap: US$4.983b
- Shares outstanding: 46.80m
- Website: https://www.lifestorage.com
Number of Employees
Location
- Life Storage, Inc.
- 6467 Main Street
- Williamsville
- New York
- 14221
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LSI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 1995 |
| SOV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1995 |
| SOV | DB (Deutsche Boerse AG) | Com | DE | EUR | Aug 2016 |
Biography
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 tha ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:41 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.