Tillkännagivande • Jul 04
Life Storage, Inc. Announces Dividend on Common Stock, Payable on July 19, 2023 The Board of Directors of Life Storage, Inc. announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023. Recent Insider Transactions • Jun 08
CEO & Director recently sold €616k worth of stock On the 7th of June, Joseph Saffire sold around 5k shares on-market at roughly €122 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €1.8m. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.96 (vs US$0.88 in 1Q 2022) First quarter 2023 results: EPS: US$0.96 (up from US$0.88 in 1Q 2022). Revenue: US$273.6m (up 16% from 1Q 2022). Net income: US$81.6m (up 11% from 1Q 2022). Profit margin: 30% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €117, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 10x in the REITs industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €154 per share. Tillkännagivande • Feb 04
Life Storage, Inc. to Report Q4, 2022 Results on Feb 23, 2023 Life Storage, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023 Recent Insider Transactions • Dec 21
CEO & Director recently sold €575k worth of stock On the 20th of December, Joseph Saffire sold around 6k shares on-market at roughly €93.85 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.17 (vs US$0.89 in 3Q 2021) Third quarter 2022 results: EPS: US$1.17 (up from US$0.89 in 3Q 2021). Revenue: US$273.0m (up 30% from 3Q 2021). Net income: US$98.5m (up 40% from 3Q 2021). Profit margin: 36% (up from 34% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 11
CEO & Director recently sold €647k worth of stock On the 9th of August, Joseph Saffire sold around 5k shares on-market at roughly €128 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.7m. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$1.10 (vs US$0.75 in 2Q 2021) Second quarter 2022 results: EPS: US$1.10 (up from US$0.75 in 2Q 2021). Revenue: US$257.0m (up 36% from 2Q 2021). Net income: US$92.3m (up 60% from 2Q 2021). Profit margin: 36% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.7% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • May 06
First quarter 2022 earnings released: FFO: US$235.6m per share (vs US$1.12 in 1Q 2021) First quarter 2022 results: FFO: US$235.6m per share (up from US$1.12 in 1Q 2021). Revenue: US$235.6m (up 36% from 1Q 2021). Funds from operations (FFO): US$120.7m (up 49% from 1Q 2021). FFO margin: 51% (up from 47% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Sue Harnett was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 15
CEO & Director recently sold €1.1m worth of stock On the 11th of March, Joseph Saffire sold around 9k shares on-market at roughly €120 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €2.1m. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: FFO: US$794.3m per share (up from US$3.90 in FY 2020). Revenue: US$794.3m (up 28% from FY 2020). Funds from operations (FFO): US$399.7m (up 44% from FY 2020). FFO margin: 50% (up from 45% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 15% while thereits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 21
CEO & Director recently sold €518k worth of stock On the 20th of December, Joseph Saffire sold around 4k shares on-market at roughly €130 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Joseph has been a seller over the last 12 months, reducing personal holdings by €992k. Recent Insider Transactions • Nov 30
CFO & Secretary recently sold €896k worth of stock On the 29th of November, Andrew Gregoire sold around 8k shares on-market at roughly €119 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.9m. Andrew has been a seller over the last 12 months, reducing personal holdings by €1.8m. Recent Insider Transactions • Nov 17
Director recently sold €2.9m worth of stock On the 16th of November, David Rogers sold around 25k shares on-market at roughly €116 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.4m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$208.3m (up 32% from 3Q 2020). Net income: US$70.3m (up 90% from 3Q 2020). Profit margin: 34% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 12
Chief Operating Officer recently sold €2.6m worth of stock On the 8th of September, Edward Killeen sold around 24k shares on-market at roughly €109 per share. This was the largest sale by an insider in the last 3 months. Edward has been a seller over the last 12 months, reducing personal holdings by €3.2m. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.75 (vs US$0.52 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$187.3m (up 27% from 2Q 2020). Net income: US$57.5m (up 58% from 2Q 2020). Profit margin: 31% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 06
Upcoming dividend of US$0.74 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 26 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%). Tillkännagivande • Jun 25
Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million. Life Storage, Inc. (NYSE:LSI) acquired Self-storage facility in Oakland Park, Florida for $22 million on June 24, 2021.
Life Storage, Inc. (NYSE:LSI) completed the acquisition of Self-storage facility in Oakland Park, Florida on June 24, 2021. Executive Departure • Jun 04
Independent Director Charles Lannon has left the company On the 27th of May, Charles Lannon's tenure as Independent Director ended after 25.9 years in the role. As of March 2021, Charles still personally held 172.23k shares (€13m worth at the time). Charles is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 11.42 years. Recent Insider Transactions • May 22
CEO & Director recently sold €474k worth of stock On the 19th of May, Joseph Saffire sold around 6k shares on-market at roughly €79.00 per share. This was the largest sale by an insider in the last 3 months. This was Joseph's only on-market trade for the last 12 months. Recent Insider Transactions • May 11
Chief Operating Officer recently sold €134k worth of stock On the 7th of May, Edward Killeen sold around 2k shares on-market at roughly €78.63 per share. In the last 3 months, they made an even bigger sale worth €417k. Edward has been a seller over the last 12 months, reducing personal holdings by €551k. Reported Earnings • May 06
First quarter 2021 earnings released: FFO US$1.12 per share (vs US$0.94 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$173.1m (up 17% from 1Q 2020). Funds from operations (FFO): US$81.3m (up 24% from 1Q 2020). FFO margin: 47% (up from 45% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 06
Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million. Life Storage, Inc. (NYSE:LSI) agreed to acquire Six Self-Storage Facilities in New Jersey and Florida for approximately $110 million on March 31, 2021. Life Storage acquired one of these facilities for $16.5 million subsequent to March 31, 2021. Tillkännagivande • May 05
Life Storage, Inc. Provides Earnings Guidance for the Year of 2021 Life Storage, Inc. provided earnings guidance for the year of 2021. For the year, the company expects current Same Store Revenue guidance to be 5.50% to 6.50% compared to prior guidance to be 3.75% to 4.75%. Upcoming Dividend • Apr 06
Upcoming dividend of US$0.74 per share Eligible shareholders must have bought the stock before 13 April 2021. Payment date: 26 April 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.6%). Is New 90 Day High Low • Mar 16
New 90-day high: €72.50 The company is up 13% from a price of €64.33 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the REITs industry, which is down 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €97.75 per share.