Life Storage Inc (N:LSI)

Sector:  Financials Industry:  Specialized REITs
See Regulatory Filings on SEC
Company Contact
Address: 6467 MAIN ST
Tel: N/A
IR: See website
Key People
Joseph V. Saffire
Chief Executive Officer, Director
Andrew J. Gregoire
Chief Financial Officer, Secretary
Edward F. Killeen
Chief Operating Officer
Business Overview
Life Storage, Inc. is a self-managed real estate investment trust (REIT) that acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through the Operating Partnership. Life Storage Holdings, Inc., is its wholly-owned subsidiary. The Company operates over 880 storage facilities in 29 states and in Ontario, Canada. Among its 880 self-storage properties, over 122 properties.The Company's properties are located in various states of the United States, such as Alabama, Arizona, Colorado, California, Florida, Georgia, Maine, Kentucky, Nevada, New Jersey, Ohio, North Carolina, South Carolina, Texas, Utah and Virginia.
Financial Overview
For the six months ended 30 June 2020, Life Storage Inc revenues increased 4% to $294M. Net income applicable to common stockholders decreased 3% to $72.9M. Revenues reflect Other operating income increase of 27% to $36.2M, Rental income increase of 2% to $257.7M. Net income was offset by Depreciation and amortization increase of 9% to $57.3M (expense), Interest expense increase of 11% to $40.5M (expense).
Employees: 1,943 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $7,388M as of Jun 30, 2020
Annual revenue (TTM): $587.14M as of Jun 30, 2020
EBITDA (TTM): $339.79M as of Jun 30, 2020
Net annual income (TTM): $256.26M as of Jun 30, 2020
Free cash flow (TTM): $12.95M as of Jun 30, 2020
Net Debt Last Fiscal Year: $2,043M as of Jun 30, 2020
Shares outstanding: 46,918,445 as of Aug 3, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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