Company Quick10K Filing
Life Storage
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 47 $4,519
10-Q 2019-10-31 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-02-26 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-27 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-02-25 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-09-30
10-Q 2015-08-04 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-02-24 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-08-05 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-27 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-02-27 Annual: 2012-12-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-08-07 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-28 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-02-25 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-12-19 Officers, Exhibits
8-K 2019-11-26 Officers
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-07-31 Earnings, Exhibits
8-K 2019-06-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-05-30 Shareholder Vote, Exhibits
8-K 2019-05-22 Enter Agreement, Exhibits
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-03-14 Officers
8-K 2019-03-01 Officers, Regulation FD, Exhibits
8-K 2019-02-25 Earnings, Exhibits
8-K 2018-12-31 Officers
8-K 2018-12-18 Officers, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-09-12 Officers, Regulation FD, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-06-14 Enter Agreement, Exhibits
8-K 2018-05-31 Shareholder Vote
8-K 2018-05-07 Officers, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-17 Enter Agreement, Officers, Regulation FD, Other Events, Exhibits
8-K 2018-02-21 Earnings, Exhibits
8-K 2017-12-29 Officers, Exhibits

Life Storage Financials

LSI Metrics, Comps, Filings

Annual | Quarterly

Business

The Company is a self-administered and self-managed real estate company that acquires, owns and manages self-storage properties. We refer to the self-storage properties in which we have an ownership interest, lease, and/or are managed by us as "Properties." We began operations on June 26, 1995. We were formed to continue the business of our predecessor company, which had engaged in the self-storage business since 1985. At December 31, 2018, we had an ownership interest in and/or managed 774 self-storage properties in 28 states under the name Life Storage ®. Among our 774 self-storage properties are 113 properties that we manage for unconsolidated joint ventures, 100 properties that we manage and have no ownership interest, and four properties that we lease. We believe we are the fifth largest operator of self-storage properties in the United States based on square feet owned and managed. Our Properties conduct business under the customer-friendly name Life Storage ®. In 2019, we began managing four properties located in the province of Ontario, Canada, under the Bluebird Self Storage brand for an unrelated entity.

At December 31, 2018, the Parent Company owned a direct or indirect interest in 674 of the Properties through the Operating Partnership, which includes 561 wholly-owned properties and 113 properties owned by unconsolidated joint ventures. In total, we own a 99.5% economic interest in the Operating Partnership and unaffiliated third parties collectively own a 0.5% limited partnership interest at December 31, 2018. We believe that this structure, commonly known as an umbrella partnership real estate investment trust ("UPREIT"), facilitates our ability to acquire properties by using units of the Operating Partnership as currency. By utilizing interests in the Operating Partnership as currency in facility acquisitions, we may partially defer the seller's income tax liability which in turn may allow us to obtain more favorable pricing.

The Parent Company was incorporated on April 19, 1995 under Maryland law. The Operating Partnership was formed on June 1, 1995 as a Delaware limited partnership and has engaged in virtually all aspects of the self-storage business, including the development, acquisition, management, ownership and operation of self-storage facilities. Our principal executive offices are located at 6467 Main Street, Williamsville, New York 14221, our telephone number is (716) 633-1850 and our website is www.lifestorage.com.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
JBG Smith (JBGS) 5,164 0% 14.7 1% 6,007 1,990 638 0 52 331 4,867
Blackstone Mortgage Trust (BXMT) 4,848 19.1 2% 14,565 10,789 0 0 305 743 14,173
PS Business Parks (PSB) 4,826 0% 14.1 12% 2,057 80 316 0 239 339 4,785
Highwoods Properties (HIW) 4,701 0% 9.9 3% 4,743 2,419 356 0 140 472 4,687
First Industrial Realty Trust (FR) 4,638 0% 18.8 5% 3,265 1,580 414 0 148 321 6,037
Empire State Realty Trust (ESRT) 4,582 0% 13.1 2% 4,156 2,208 729 0 98 366 4,776
Macerich (MAC) 4,552 0% 7.1 1% 8,944 5,975 944 0 117 618 4,404
Life Storage (LSI) 4,519 0% 16.3 5% 4,035 1,969 561 0 210 390 6,355
Rexford Industrial Realty (REXR) 4,408 0% 30.4 2% 3,265 901 237 0 51 164 4,986
Healthcare Realty Trust (HR) 4,246 0% 22.0 1% 3,429 1,659 456 0 32 258 5,681
EastGroup Properties (EGP) 4,223 0% 23.5 2% 2,295 1,286 314 0 46 180 4,223
CoreSite Realty (COR) 4,209 53% 19.3 5% 2,001 1,725 560 298 103 286 5,523
Cousins Properties (CUZ) 4,159 66% 20.9 1% 6,677 2,307 516 342 56 286 5,987
Ryman Hospitality Properties (RHP) 4,065 40% 7.2 7% 3,852 3,417 1,431 577 251 538 3,896
Pebblebrook Hotel Trust (PEB) 4,045 36% 30.5 -0% 6,833 3,126 808 294 -5 212 6,475
Hospitality Properties Trust (HPT) 4,021 39% 4.7 3% 7,178 4,520 2,289 885 243 848 3,967
Equity Commonwealth (EQC) 4,014 0% 1.5 14% 3,702 67 165 0 501 560 831
Rayonier (RYN) 3,980 24% 18.5 3% 2,861 1,360 743 177 84 261 4,821
Outfront Media (OUT) 3,880 0% 11.7 3% 5,665 4,530 1,698 0 160 483 5,650
Stag Industrial (STAG) 3,815 0% 17.3 2% 3,462 1,499 375 0 76 301 5,203

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash67710002491
Accounts Receivable233567578
Inventory
PP&E1,1481,2911,4271,4981,7662,0273,7083,6973,694
Assets1,186441,5621,8552,1223,8583,8773,892
Accounts Payable
Long-Term Debt1,4001,7431,625
Liabilities528336788659021,7511,8291,811
Stockholders' Equity6326567298719761,2022,0882,0282,058
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue01274326367463530551
Cost of Revenue
Gross Profit
R&D
SG&A222632354139435048
Tax1111111
Net Income43325675891138597208
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating748099121146186226249262
Cash Investing-33-190-176-114-335-329-1,796-157-56
Cash Financing-4611277-41881411,587-107-202