Life Storage, Inc.

NYSE:LSI Stock Report

Market Cap: US$11.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Life Storage Management

Management criteria checks 4/4

Life Storage's CEO is Joe Saffire, appointed in Mar 2019, he has a tenure of 4.33 years. His total yearly compensation is $5.72M , comprised of 12.9% salary and 87.1% bonuses, including company stock and options. He directly owns 0.099% of the company’s shares, worth $11.36M. The average tenure of the management team and the board of directors is 12.5 years and 5.3 years respectively.

Key information

Joe Saffire

Chief executive officer

US$5.7m

Total compensation

CEO salary percentage12.9%
CEO tenure4.3yrs
CEO ownership0.1%
Management average tenure12.5yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

The Low Hanging Fruit Phenomenon As Taught By Life Storage

Jun 28

Life Storage Q4 2022 Earnings Preview

Feb 22

Life Storage Equity Holders Should Expect A Higher Offer From Public Storage

Feb 06

Life Storage raises dividend by 11% to $1.20

Jan 03

Buying Top-Tier Real Estate With Life Storage

Dec 15

Life Storage promotes Alexander Gress to CFO

Oct 25

Life Storage Is A Great Bargain Around Its 52-Week Lows

Oct 14

Life Storage declares $1.08 dividend

Oct 03

Life Storage FFO of $1.65 beats by $0.12, revenue of $257.05M beats by $13.63M

Aug 03

Life Storage raises dividend by 8% $1.08

Jul 05

The Life Storage Bull Case Got So Much Better

May 22

Life Storage Is Firing On All Cylinders

Mar 11

CEO Compensation Analysis

How has Joe Saffire's remuneration changed compared to Life Storage's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2023n/an/a

US$366m

Dec 31 2022US$6mUS$740k

US$358m

Sep 30 2022n/an/a

US$338m

Jun 30 2022n/an/a

US$310m

Mar 31 2022n/an/a

US$276m

Dec 31 2021US$5mUS$680k

US$249m

Sep 30 2021n/an/a

US$217m

Jun 30 2021n/an/a

US$184m

Mar 31 2021n/an/a

US$163m

Dec 31 2020US$4mUS$600k

US$152m

Sep 30 2020n/an/a

US$154m

Jun 30 2020n/an/a

US$256m

Mar 31 2020n/an/a

US$261m

Dec 31 2019US$4mUS$509k

US$259m

Sep 30 2019n/an/a

US$307m

Jun 30 2019n/an/a

US$209m

Mar 31 2019n/an/a

US$207m

Dec 31 2018US$2mUS$342k

US$207m

Sep 30 2018n/an/a

US$135m

Jun 30 2018n/an/a

US$130m

Mar 31 2018n/an/a

US$110m

Dec 31 2017US$433kUS$55k

US$96m

Compensation vs Market: Joe's total compensation ($USD5.72M) is below average for companies of similar size in the US market ($USD12.05M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.

CEO

Joe Saffire (53 yo)

4.3yrs

Tenure

US$5,722,466

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...

Leadership Team

NamePositionTenureCompensationOwnership
Joseph Saffire
CEO & Director4.3yrsUS$5.72m0.099%
$ 11.4m
David Dodman
COO, CFO & Secretary1.5yrsUS$1.59m0.024%
$ 2.8m
Brent Maedl
Manager of Investor Relationsno datano datano data
Kate White
Senior Vice President of Human Resources & Corporate Communications3.5yrsno datano data
John Rogers
Vice President of Business Development30.5yrsno datano data
Christopher Laczi
Vice President of Marketing7.6yrsno datano data
Michael Rogers
Senior Vice President of Real Estate1.5yrsno datano data
Randy Hillman
Regional Vice President19.5yrsno datano data
David Paolini
Vice President of Revenue Management13.5yrsno datano data
Jeffrey O'Donnell
Vice President of Information Technology23.5yrsno datano data
Christopher Runckel
Regional Vice President12.5yrsno datano data
Kevin Driscoll
Vice President of Finance18.5yrsno datano data

12.5yrs

Average Tenure

49yo

Average Age

Experienced Management: LSI's management team is seasoned and experienced (12.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Joseph Saffire
CEO & Director4.3yrsUS$5.72m0.099%
$ 11.4m
Mark Barberio
Independent Non-Executive Chairman8.5yrsUS$306.50k0.028%
$ 3.2m
David Rogers
Director5.3yrsUS$209.00k0.17%
$ 19.4m
Dana Hamilton
Independent Director5.3yrsUS$226.82k0.0045%
$ 517.3k
Edward Pettinella
Independent Director5.3yrsUS$234.32k0.027%
$ 3.1m
Stephen Rusmisel
Independent Director11.2yrsUS$241.50k0.021%
$ 2.4m
Susan Harnett
Independent Director2.4yrsUS$226.50k0.0037%
$ 429.7k
Arthur Havener
Independent Director8.5yrsUS$236.79k0.018%
$ 2.1m

5.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: LSI's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/07/21 07:36
End of Day Share Price 2023/07/19 00:00
Earnings2023/03/31
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Richard MilliganBaird
Keegan CarlBerenberg
Paul AdornatoBMO Capital Markets Equity Research