Welcome to our dedicated page for Life Storage news (Ticker: LSI), a resource for investors and traders seeking the latest updates and insights on Life Storage stock.
Life Storage (LSI), a leader in self-storage solutions with over 1,000 facilities nationwide, provides investors and industry professionals with timely updates through this dedicated news hub. Track official press releases, financial results, and operational developments to stay informed about strategic initiatives like facility expansions and market partnerships.
This page consolidates all essential updates, including earnings announcements, acquisitions, and sustainability efforts. Users gain access to verified information on LSI's climate-controlled storage innovations and customer service milestones, supporting data-driven analysis of the company’s performance.
Key content categories include quarterly financial disclosures, leadership updates, and operational enhancements. Bookmark this page for direct access to primary sources about LSI’s growth in the competitive self-storage sector, ensuring you never miss critical developments affecting market positioning.
Life Storage, Inc. (NYSE:LSI) reported strong financial results for Q1 2022, with net income of $73.6 million ($0.88 per share) and a 33.3% increase in funds from operations (FFO) to $1.44 per share, compared to Q1 2021. Same store revenue rose by 15.6%, and same store net operating income (NOI) climbed 21.9%. The company acquired 18 self-storage sites for $351.5 million and expanded its third-party management platform by adding 25 stores. A quarterly dividend of $1.00 per share was approved, demonstrating a commitment to return value to shareholders.
LSI Industries reports a strong fiscal Q3 2022, with net sales increasing 53% year-over-year to $110.1 million and net income rising 146% to $3.6 million, or $0.13 per diluted share. Adjusted EBITDA grew 92% to $8.5 million. The company announced a $15 million share repurchase program and a quarterly dividend of $0.05 per share. Sales growth was driven by robust demand in lighting and display solutions, particularly from the JSI Store Fixtures acquisition. Management anticipates sustained growth with a strong backlog and favorable market indicators.
LSI Industries Inc. (NASDAQ: LYTS) announced a new share repurchase program authorizing up to $15 million for the buyback of common stock. This decision reflects the Board's confidence in the Company's performance and aims to enhance shareholder value. The timing of the repurchases will be influenced by various market considerations and capital needs. LSI's commitment to a balanced capital allocation strategy focuses on organic growth, acquisitions, and returning capital to shareholders, aligning with positive trends in non-residential construction.
Life Storage, Inc. (NYSE:LSI) will release its financial results for the quarter ending March 31, 2022, post-market on May 4, 2022. A conference call discussing these results is scheduled for May 5, 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, catering to both residential and commercial storage needs, serving over 600,000 customers. For further information, visit their website.
Life Storage, Inc. (NYSE: LSI) has declared a quarterly dividend of $1.00 per share, which annualizes to $4.00 per share, yielding approximately 2.8% based on the latest closing price. The dividend payment is scheduled for April 26, 2022, for shareholders on record by April 14, 2022. Life Storage operates over 1,100 storage facilities across 36 states, catering to more than 600,000 customers, making it a leader in the self-storage industry.
Life Storage, Inc. (NYSE:LSI) reported strong operating results for Q4 and the year ended December 31, 2021. Key highlights include a net income of $74.1 million ($0.90/share) for Q4, up from $41.6 million in 2020. Adjusted FFO per share increased by 31.8% to $1.41. For the full year, net income reached $249.3 million ($3.17/share), with a 27.7% rise in adjusted FFO to $5.07. The company acquired 112 stores for $1.696 billion in 2021. A 16% dividend increase to $1.00/share was also announced, reflecting strong financial health and a commitment to shareholder value.
Life Storage, Inc. (NYSE:LSI) will report its financial results for the quarter ended December 31, 2021, after the market closes on February 24, 2022. A conference call to discuss these results is scheduled for February 25, 2022, at 9:00 a.m. ET. Participants are encouraged to pre-register to avoid connection issues. Life Storage operates over 1,000 storage facilities across 35 states, serving more than 600,000 customers. This positions the company as a leader in the self-storage industry.
Life Storage, Inc. (NYSE:LSI), a prominent self-storage property operator, disclosed the tax allocations for its 2021 dividend distributions to shareholders. The total distribution per share is set at $3.08, with ordinary dividends of $0.74 and capital gains delineated for tax reporting on Form 1099-DIV. The company encourages shareholders to consult their tax advisors regarding their dividend treatment. Life Storage operates over 1,000 facilities across 35 states, serving more than 600,000 customers.
Life Storage, Inc. (NYSE:LSI) announced a quarterly common stock dividend increase from $0.86 to $1.00 per share, translating to an annual yield of 2.6%. This 16% raise reflects the Company's strong operating results and financial stability. The increased dividend will be paid on January 26, 2022, to shareholders of record on January 14, 2022.
CEO Joe Saffire expressed confidence in the Company’s ability to generate strong cash flow for technology investments and shareholder returns, maintaining their payout ratio.
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