Life Storage Stock Price, News & Analysis

Life Storage, Inc. (NYSE: LSI) announced the retirement of CFO Andrew Gregoire, effective January 2, 2023. He will assist in the transition until June 30, 2023. The company promotes Alexander Gress, Vice President of Finance, to CFO. Joseph Saffire, CEO, recognized Gregoire’s 24 years of service in expanding the company's national presence across 37 states with over 1,100 properties. Gress, who joined Life Storage recently, brings significant experience from his roles in international banking and real estate investment, positioning the company for future success.

Life Storage, Inc (NYSE:LSI), a top self-storage property operator, will release its financial results for the quarter ending September 30, 2022 post-market on November 2, 2022. A conference call to discuss these results will occur on November 3, 2022, at 9:00 a.m. ET. The company manages over 1,100 facilities across 37 states and serves more than 675,000 customers. It invites analysts to pre-register for the call to ensure smooth connections. For more details, visit www.lifestorage.com.

Life Storage, Inc. (NYSE:LSI) has confirmed that all 161 of its self-storage properties in Florida are operational following Hurricane Ian. This includes 72 locations from Tampa to Naples, which were impacted by the hurricane. The company is assessing any preliminary damage and will provide updates during its next earnings call. CEO Joseph Saffire emphasized the company's commitment to the safety of its employees and customers in the affected areas.

Life Storage, Inc. (NYSE:LSI) announced a quarterly dividend of $1.08 per share, with an annualized rate of $4.32, yielding approximately 3.9%. The dividend will be paid on October 26, 2022 to shareholders on record as of October 14, 2022. Life Storage operates over 1,100 self-storage facilities across 37 states, serving more than 675,000 customers, affirming its position as a leader in the industry.

LSI Industries Inc. (NASDAQ: LYTS) reported strong financial results for Q4 and full year fiscal 2022. Q4 net sales reached a record $127.5 million, a 31% year-over-year increase, with net income of $5.2 million and diluted EPS of $0.18. For the full year, net sales grew 44% to $455.1 million, with net income of $15.0 million and adjusted EPS of $0.64. The company emphasized robust demand in its display solutions and lighting markets, effective price actions, and improved cash flow, generating $8.0 million in Q4. LSI declared a dividend of $0.05 per share payable on September 6, 2022.

Life Storage, Inc. (NYSE:LSI) reported strong Q2 2022 results, with net income of $92.3 million ($1.09 per diluted share) and adjusted funds from operations (FFO) of $1.65, up 37.5% year-over-year. Same store revenue rose 18.9%, and net operating income (NOI) increased by 25.4%. The company acquired 13 stores for $262.6 million and expanded its third-party management platform by adding 17 stores. Following these results, the quarterly dividend was increased by 46% to $1.08 per share, reflecting strong financial performance and growth prospects.

Life Storage, Inc (NYSE: LSI), a major self-storage property operator, will release its financial results for the quarter ending June 30, 2022 after the market closes on August 3, 2022. A conference call to discuss the results will be held on August 4, 2022, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register to avoid delays. Life Storage operates over 1,100 facilities across 36 states, serving more than 660,000 customers.

Life Storage, Inc. (NYSE: LSI) has announced an increase in its quarterly dividend from $1.00 to $1.08 per share, marking an 8% rise from the previous quarter and a significant 46% increase from Q2 2021. This change will be effective for the dividend payable on July 26, 2022, to shareholders on record as of July 15, 2022. Based on current share prices, the annual yield stands at 3.8%. The company's CEO, Joe Saffire, expressed confidence in its strong cash flow and outlook.