Life Storage
Market Cap
US$7.0b
Last Updated
2021/04/16 22:35 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and slightly overvalued.
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
Stable Share Price: LSI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: LSI's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
2.5%
LSI
2.4%
US REITs
1.3%
US Market
1 Year Return
47.5%
LSI
26.1%
US REITs
53.9%
US Market
Return vs Industry: LSI exceeded the US REITs industry which returned 26.1% over the past year.
Return vs Market: LSI underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| LSI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 2.4% | 1.3% |
| 30 Day | 5.4% | 3.9% | 3.3% |
| 90 Day | 11.9% | 13.5% | 8.9% |
| 1 Year | 52.8%47.5% | 31.4%26.1% | 56.6%53.9% |
| 3 Year | 81.2%61.1% | 46.4%28.7% | 64.4%53.6% |
| 5 Year | 57.3%27.5% | 53.4%22.5% | 120.4%95.7% |
Long-Term 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
2 weeks ago | Simply Wall St
Has Life Storage, Inc.'s (NYSE:LSI) Impressive Stock Performance Got Anything to Do With Its Fundamentals?2 months ago | Simply Wall St
Life Storage (NYSE:LSI) Has Compensated Shareholders With A Respectable 82% Return On Their Investment6 months ago | Simply Wall St
Here's Why We Think Life Storage (NYSE:LSI) Is Well Worth WatchingValuation
Is Life Storage undervalued compared to its fair value and its price relative to the market?
15.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LSI ($91.67) is trading below our estimate of fair value ($108.35)
Significantly Below Fair Value: 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 (43x) compared to the US REITs industry average (47.1x).
PE vs Market: LSI is poor value based on its PE Ratio (43x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: LSI is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: LSI is overvalued based on its PB Ratio (2.9x) compared to the US REITs industry average (1.8x).
Future Growth
How is Life Storage forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
10.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LSI's forecast earnings growth (10.5% per year) is above the savings rate (2%).
Earnings vs Market: LSI's earnings (10.5% per year) are forecast to grow slower than the US market (18.1% per year).
High Growth Earnings: LSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: LSI's revenue (7.1% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: LSI's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LSI's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Life Storage performed over the past 5 years?
20.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LSI has high quality earnings.
Growing Profit Margin: LSI's current net profit margins (24.4%) are lower than last year (44.7%).
Past Earnings Growth Analysis
Earnings Trend: LSI's earnings have grown significantly by 20.9% per year over the past 5 years.
Accelerating Growth: LSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LSI had negative earnings growth (-41.4%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: LSI's Return on Equity (6.3%) is considered low.
Financial Health
How is Life Storage's financial position?
Financial Position Analysis
Short Term Liabilities: LSI's short term assets ($83.6M) do not cover its short term liabilities ($95.6M).
Long Term Liabilities: LSI's short term assets ($83.6M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: LSI's debt to equity ratio (91.2%) is considered high.
Reducing Debt: LSI's debt to equity ratio has increased from 68.9% to 91.2% over the past 5 years.
Debt Coverage: LSI's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: LSI's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Dividend
What is Life Storage current dividend yield, its reliability and sustainability?
3.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LSI's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: LSI's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (3.46%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73%), 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 covered by earnings (65.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.3yrs
Average management tenure
CEO
Joe Saffire (50 yo)
2.08yrs
Tenure
US$3,503,173
Compensation
Mr. Joseph V. Saffire, also known as Joe, has been Director and Chief Executive Officer at Life Storage, Inc. since March 14, 2019 and March 1, 2019 respectively. Mr. Saffire was Chief Investment Officer o...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD3.50M) is below average for companies of similar size in the US market ($USD6.50M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: LSI's management team is seasoned and experienced (11.3 years average tenure).
Board Members
Experienced Board: LSI's board of directors are considered experienced (3.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LSI insiders have only sold shares 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 9%.
Top Shareholders
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$7.022b
- Market Cap: US$6.992b
- Shares outstanding: 76.60m
- Website: https://www.lifestorage.com
Number of Employees
Location
- Life Storage, Inc.
- 6467 Main Street
- Williamsville
- New York
- 14221
- United States
Listings
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 | 2021/04/16 22:35 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.