This company has been acquired
Life Storage Balance Sheet Health
Financial Health criteria checks 1/6
Life Storage has a total shareholder equity of $3.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are $7.4B and $3.6B respectively. Life Storage's EBIT is $484.8M making its interest coverage ratio 4.1. It has cash and short-term investments of $32.8M.
Key information
89.5%
Debt to equity ratio
US$3.40b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$32.77m |
| Equity | US$3.80b |
| Total liabilities | US$3.57b |
| Total assets | US$7.38b |
Recent financial health updates
No updates
Recent updates
The Low Hanging Fruit Phenomenon As Taught By Life Storage
Jun 28Life Storage Q4 2022 Earnings Preview
Feb 22Life Storage Equity Holders Should Expect A Higher Offer From Public Storage
Feb 06Life Storage raises dividend by 11% to $1.20
Jan 03Buying Top-Tier Real Estate With Life Storage
Dec 15Life Storage promotes Alexander Gress to CFO
Oct 25Life Storage Is A Great Bargain Around Its 52-Week Lows
Oct 14Life Storage declares $1.08 dividend
Oct 03Life Storage FFO of $1.65 beats by $0.12, revenue of $257.05M beats by $13.63M
Aug 03Life Storage raises dividend by 8% $1.08
Jul 05The Life Storage Bull Case Got So Much Better
May 22Life Storage Is Firing On All Cylinders
Mar 11Financial Position Analysis
Short Term Liabilities: LSI's short term assets ($77.1M) do not cover its short term liabilities ($129.3M).
Long Term Liabilities: LSI's short term assets ($77.1M) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: LSI's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: LSI's debt to equity ratio has increased from 86% to 89.5% over the past 5 years.
Debt Coverage: LSI's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: LSI's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/07/21 13:48 |
| End of Day Share Price | 2023/07/19 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Life Storage, Inc. is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Milligan | Baird |
| Keegan Carl | Berenberg |
| Paul Adornato | BMO Capital Markets Equity Research |