Life Storage Stock Price, News & Analysis

Life Storage, Inc. (NYSE: LSI) will release its financial results for Q2 2021 on August 3, 2021, after market close. A conference call to discuss these results will take place on August 4, 2021, at 9:00 AM ET. The company, based in Buffalo, New York, operates over 950 self-storage facilities in 33 states, serving approximately 500,000 customers. To prevent connection delays, pre-registration for the call is encouraged, and an archived webcast will be available for 90 days.

Life Storage, Inc. (NYSE:LSI) has declared a quarterly dividend of $0.74 per share, with an annualized dividend of $2.96. This represents an annual yield of approximately 2.8% based on the previous closing share price. The dividend will be paid on July 26, 2021 to shareholders recorded as of July 14, 2021. Life Storage, Inc. operates over 950 storage facilities across 33 states, serving more than 500,000 customers and solidifying its position as a leader in the self-storage industry.

Life Storage (NYSE:LSI) reported robust Q1 2021 results, with net income of $47.4 million ($0.63/share), up from $36.4 million ($0.52/share) in Q1 2020. Adjusted funds from operations (FFO) increased by 16.1% to $1.08/share. The company achieved a 7.3% rise in same-store revenue and an 8.6% increase in net operating income (NOI). During the quarter, 16 new stores were acquired for $266.2 million, and the company expanded its third-party management platform by adding 18 stores. The strong performance reflects record occupancy and pricing power.

Life Storage, Inc (NYSE: LSI) will announce its financial results for Q1 2021 on May 4, 2021, post-market closure. A conference call to discuss these results is set for May 5, 2021, at 9:00 AM ET. Pre-registration for the call is advised to avoid delays. Life Storage operates over 925 self-storage facilities across 32 states and Ontario, Canada, serving around 500,000 customers. This management call will include prepared remarks and a Q&A session for registered analysts.

Life Storage, Inc. (NYSE: LSI) announced a quarterly dividend of $0.74 per share, with an annualized rate of $2.96, reflecting approximately 3.4% based on the current share price. The dividend is scheduled for payment on April 26, 2021, to shareholders on record as of April 14, 2021. Life Storage operates over 925 facilities across 32 states and Ontario, Canada, serving more than 500,000 customers.

Life Storage, Inc (NYSE: LSI) announced the launch of its third micro-fulfillment center in Chicago through its subsidiary, Warehouse Anywhere. This center enhances e-commerce delivery capabilities by enabling faster shipping for online orders, thanks to a partnership with Deliverr. The 7,000 square-foot facility was established without disrupting existing storage operations. Plans are underway to open six additional centers in key locations, including Orlando and Dallas, over the next year.

Life Storage, Inc. (NYSE:LSI) reported significant financial results for Q4 and full-year 2020. The company generated net income of $41.6 million ($0.57/share) for Q4 and $151.6 million ($2.13/share) for the full year, despite a decline from the previous year's gains. Adjusted funds from operations per share rose 11.5% in Q4 to $1.07 and 5.9% for the year to $3.97. The company acquired 40 stores for $532.6 million in 2020, while also growing its third-party management by 11%. A three-for-two stock split was executed, and a quarterly dividend of $0.74 per share was approved.

Life Storage, Inc (NYSE: LSI) announced the election of Susan Harnett to its Board of Directors, effective February 12, 2021. Harnett brings extensive experience in executive roles across retail, financial services, and technology, enhancing the board's expertise. She will serve on the Audit and Risk Management Committee and the Compensation and Human Capital Committee. Meanwhile, Charles E. Lannon will retire at the end of his term in May 2021, concluding 25 years of service. This transition aims to strengthen leadership and drive shareholder value.

Life Storage, Inc. (NYSE:LSI) plans to release its financial results for Q4 2020 on February 22, 2021, after market close. A conference call to discuss the results will be held on February 23, 2021, at 9:00 a.m. ET. Participants may pre-register for the call to avoid delays, with links provided for both pre-registration and access. Life Storage operates over 900 facilities and serves approximately 500,000 customers, reinforcing its position as an industry leader in self-storage services.