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United States

Life Storage Inc (LSI.N)

LSI.N on New York Stock Exchange

93.59USD
19 Jun 2018
Change (% chg)

$0.16 (+0.17%)
Prev Close
$93.43
Open
$93.18
Day's High
$94.13
Day's Low
$93.18
Volume
95,651
Avg. Vol
100,423
52-wk High
$95.40
52-wk Low
$69.01

Latest Key Developments (Source: Significant Developments)

Life Storage Appoints CEO, Two Independent Directors To Board
Monday, 19 Mar 2018 08:30am EDT 

March 19 (Reuters) - Life Storage Inc ::LIFE STORAGE, INC. ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS INCLUDING THE APPOINTMENT OF TWO NEW, INDEPENDENT DIRECTORS AND THE COMPANY’S CHIEF EXECUTIVE OFFICER TO THE BOARD OF DIRECTORS.LIFE STORAGE INC - ‍COMPANY HAS ENTERED INTO A COOPERATION AGREEMENT WITH LAND & BUILDINGS​.LIFE STORAGE INC - ‍FOUNDERS ROBERT J. ATTEA AND KENNETH F. MYSZKA TO RETIRE​.LIFE STORAGE INC - ‍CHIEF EXECUTIVE OFFICER DAVID L. ROGERS APPOINTED TO BOARD​.LIFE STORAGE INC - ‍MARK G. BARBERIO TO BECOME NON-EXECUTIVE CHAIRMAN AT ANNUAL MEETING OF SHAREHOLDERS​.LIFE STORAGE INC - ‍DANA HAMILTON AND EDWARD PETTINELLA APPOINTED TO BOARD AS INDEPENDENT DIRECTORS​.LIFE STORAGE INC - ‍FOUNDERS ROBERT J. ATTEA AND KENNETH F. MYSZKA TO RETIRE​.LIFE STORAGE - ‍LAND & BUILDINGS WILL VOTE ITS SHARES IN FAVOR OF BOARD'S NOMINEES, SUPPORT ALL BOARD RECOMMENDED PROPOSALS AT 2018 ANNUAL MEETING.LIFE STORAGE - ‍ LAND & BUILDINGS INVESTMENT MANAGEMENT CURRENTLY OWNS ABOUT 1.8 PERCENT OF CO'S OUTSTANDING SHARES​.LIFE STORAGE - APPOINTED 2 NEW INDEPENDENT DIRECTORS, HAMILTON AND PETTINELLA, AND CEO ROGERS TO BOARD UNDER ‍AGREEMENT WITH LAND & BUILDINGS.  Full Article

Life Storage Reports Q4 Adjusted FFO Per Share $1.34
Wednesday, 21 Feb 2018 04:05pm EST 

Feb 21 (Reuters) - Life Storage Inc ::LIFE STORAGE, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED FFO PER SHARE $1.34.Q4 FFO PER SHARE $1.09.SEES FY 2018 ADJUSTED FFO PER SHARE ABOUT $5.33 TO $5.43.Q4 FFO PER SHARE VIEW $1.31 -- THOMSON REUTERS I/B/E/S.FY2018 FFO PER SHARE VIEW $5.38 -- THOMSON REUTERS I/B/E/S.SEES Q1 ADJUSTED FFO PER SHARE $ 1.24 - $ 1.28.Q1 FFO PER SHARE VIEW $1.29 -- THOMSON REUTERS I/B/E/S.SEES Q1 2018 SAME STORE NET OPERATING INCOME GROWTH OF 1.00% - 2.00%.SEES FY 2018 SAME STORE NET OPERATING INCOME GROWTH OF 0.75% - 1.75%.IN QUARTER INCREASED SAME STORE REVENUE BY 1.3% AND SAME STORE NET OPERATING INCOME BY 0.4% AS COMPARED TO Q4 OF 2016.GREW SAME STORE AVERAGE OCCUPANCY FOR QUARTER BY 70 BASIS POINTS TO A RECORD HIGH 91.6% COMPARED TO SAME PERIOD IN 2016.  Full Article

Life Storage Prices Offering Of Senior Notes
Tuesday, 28 Nov 2017 04:54pm EST 

Nov 28 (Reuters) - Life Storage Inc ::LIFE STORAGE, INC. PRICES OFFERING OF SENIOR NOTES.LIFE STORAGE INC - ‍ LIFE STORAGE LP PRICED AN OFFERING OF $450 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.875% SENIOR UNSECURED NOTES DUE 2027​.LIFE STORAGE INC - NOTES WILL BE ISSUED AT 99.523% OF PAR VALUE WITH A COUPON OF 3.875%.LIFE STORAGE INC - NOTES WILL MATURE ON DECEMBER 15, 2027.  Full Article

Life Storage Inc reports Q3 FFO per share of $1.34
Wednesday, 1 Nov 2017 04:10pm EDT 

Nov 1 (Reuters) - Life Storage Inc ::Life Storage, Inc. reports third quarter 2017 results​.Q3 FFO per share $1.34.Q3 adjusted FFO per share $1.39.Sees FY 2017 adjusted FFO per share about $5.26 to $5.30.Qtrly ‍same store quarter end occupancy of 92.7%​.Sees Q4 same store revenue of 0.50 percent to 1.50 pct‍​.Sees Q4 same store net operating income of negative 1.00 percent to 0.00 pct‍​.Same store NOI decreased 0.5% for the Q3 of 2017 as compared to the 3rd quarter of 2016.Sees ‍Q4 FFO per share $1.28 - $1.32 ‍​.  Full Article

Life Storage provides update on Hurricanes Irma and Harvey
Thursday, 14 Sep 2017 04:43pm EDT 

Sept 14 (Reuters) - Life Storage Inc :Life Storage Inc provides update on Hurricanes Irma and Harvey.Life Storage Inc - ‍Announced that 87 of its 95 Florida properties are open for business​.  Full Article

Life Storage Q2 FFO per share $1.24
Wednesday, 2 Aug 2017 04:07pm EDT 

Aug 2 (Reuters) - Life Storage Inc :Life Storage, Inc. reports second quarter 2017 results; announces $200 million share repurchase program; adjusts 2017 guidance.Q2 FFO per share $1.24.Sees FY 2017 adjusted FFO per share about $5.25 to $5.30.Life Storage Inc - Q2 occupancy of 92.8%, a 10 basis point improvement over prior year.Life Storage Inc qtrly same store noi this period decreased 0.6% over Q2 of 2016.Life Storage Inc - board of directors authorized repurchase of up to $200 million of company's outstanding common shares.Life Storage Inc - plans to complete $30 to $40 million of expansions in 2017 with expected yields in excess of 8% at stabilization.Life Storage Inc sees 3Q 2017 adjusted FFO per share $ 1.33 - $ 1.38.Life Storage Inc sees FY 2017 adjusted FFO per share $ 5.25 - $ 5.30.Life Storage Inc sees 3Q 2017 FFO per share $1.33 - $1.38.Life Storage Inc sees FY 2017 FFO per share $5.17 - $5.22.Q3 FFO per share view $1.44 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $5.47 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $1.35 -- Thomson Reuters I/B/E/S.  Full Article

Life Storage Inc announces acquisition of 18 properties through a joint venture
Monday, 5 Jun 2017 04:05pm EDT 

June 5 (Reuters) - Life Storage Inc : :Life Storage Inc announces acquisition of 18 properties through a joint venture.Life Storage Inc announces acquisition of 18 properties through a joint venture.Life Storage Inc - ‍facilities will be managed by company under life storage brand​.  Full Article

Life Storage Q1 FFO per share $1.26
Wednesday, 3 May 2017 04:05pm EDT 

May 3 (Reuters) - Life Storage Inc ::Life Storage Inc reports first quarter 2017 results.Q1 adjusted FFO per share $1.26.Life Storage Inc qtrly same store revenue up by 3.2% compared to Q1 of 2016.Life Storage Inc - grew same store average occupancy for q1 by 20 basis points to 90.6% compared to same period in 2016.Sees adjusted funds from operations to be between $1.32 and $1.38 per share for q2 of 2017.Sees FY 2017 adjusted FFO per share about $5.47 to $5.53.Q1 FFO per share $1.26.Q1 FFO per share view $1.27 -- Thomson Reuters I/B/E/S.Sees Q2 EPS attributable to common shareholders - diluted $ 0.53 - $ 0.59.Sees FY 2017 diluted EPS attributable to common shareholders $2.80 - $2.86.  Full Article

Life Storage raises quarterly common stock dividend
Wednesday, 5 Apr 2017 04:08pm EDT 

Life Storage Inc : Life Storage, Inc. raises quarterly common stock dividend .Announced increase in quarterly common stock dividend from $0.95 per share to $1.00 per share or $3.80 to $4.00 annualized.  Full Article

Security Capital Research & Management reports a 5.5 percent passive stake in Life Storage as of December 30, 2016
Friday, 10 Feb 2017 10:39am EST 

Security Capital Research & Management Inc :Security Capital Research & Management Inc reports a 5.5 percent passive stake in Life Storage as of December 30, 2016- SEC filing.  Full Article

BRIEF-Life Storage Reports Q1 Adjusted FFO Per Share $1.30

* LIFE STORAGE, INC. REPORTS FIRST QUARTER 2018 RESULTS; RAISES SAME STORE OUTLOOK FOR 2018