Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Life Storage, Inc.
Type
Public
Traded as NYSE: LSI
S&P 400 Component
Industry Real estate investment trust
Founded 1982; 35 years ago (1982) (as Sovran Self Storage)
Headquarters Williamsville, New York, United States
Key people
Robert J. Attea (Chairman)
Kenneth F. Myszka (President)
David Rogers (CEO)
Andrew Gregoire (CFO)
Paul Powell (CIO)
Edward Killeen (COO)
Products Self storage
Services
  • Storage facilities
  • rental trucks
  • facility management
Website Official website

Life Storage (formerly Sovran Self Storage and formerly branded as Uncle Bob's Self Storage) is a self storage company and real estate investment trust (REIT) based in Williamsville, New York. The company operates over 650 self storage locations throughout the United States. In 2016, the former Sovran Self Storage acquired LifeStorage LP and subsequently rebranded itself as "Life Storage." Each facility has also undergone a name change from Uncle Bob's Self Storage to Life Storage. As of 2016, Life Storage is the fifth-largest self storage operator in the world. It trades on the New York Stock Exchange using the ticker symbol LSI.

The first incarnation of the company, Sovran Self Storage, was founded in 1982 as a financial planning firm in Buffalo, New York. In 1985, the company opened its first self storage facility in Florida and had accumulated around 30 such facilities on the East Coast within three years. Over the course of the next decade, the company accumulated 62 self storage facilities throughout the United States, rebranding each to Uncle Bob's Self Storage under former CEO and Executive Chairman, Robert J. Attea.

The company completed its initial public offering on June 26, 1995 with 5.89 million shares. It began trading on the New York Stock Exchange under the ticker symbol, SSS. By the end of 1996, the company operated 111 self storage facilities in 15 East Coast states and Texas. By 1999, the number of facilities had increased to 222, all of which used the Uncle Bob's name. Five years later, the company operated facilities in 21 states.

In 2012, former CFO David Rogers was appointed CEO of the company, replacing Robert J. Attea, who remained Executive Chairman.

At the end of 2013, the company operated around 478 facilities in 25 states. It continued purchasing and operating facilities in a wide variety of markets including Chicago, St. Louis, Greater New York City, Atlanta, and others. By the end of 2014, the company operated over 500 facilities in 25 states.

In January 2016, the company acquired 30 self storage facilities for approximately $400 million, including eight in the Los Angeles area. This was the company's first foray into California. In May 2016, Sovran Self Storage announced that it had agreed to purchase Roseville, California-based LifeStorage LP for $1.3 billion. The acquisition gave the company access to previously untapped markets like Northern California and Las Vegas. As a part of the agreement, Sovran took over 84 of LifeStorage's facilities.

In July 2016, the company announced that it would be rebranding all of its self storage facilities as Life Storage between August 2016 and early 2017. The company also changed its corporate name to Life Storage and began using the stock ticker symbol LSI. After the LifeStorage acquisition, the company maintained 650 facilities in 29 states.

Life Storage operates over 650 self storage facilities in 29 states across the United States. Its facilities contain units for both commercial and residential customers. In addition to its standard rental storage units, the company also offers units with climate control and its Dri-guard dehumidification system. There are also larger units for items like boats, cars, and other large property. Most facilities offer a variety of amenities and features, keypad security systems that restrict floor access to approved users or property access to customers only, security systems that monitor activity on the facility grounds, free truck use, and moving and storage merchandise. Some facilities also offer individual door alarms, intercom systems, and conference rooms for business meetings.

Investment goal date:
Dividends reinvested
Life Storage, Inc. LSI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-29
--
--
Q4 2017
2018-02-19
--
--
Q4 2017
2018-02-13
--
--
Q3 2017
2017-11-01
0.0000
0.0000
Q2 2017
2017-08-02
0.4200
0.4200
Q1 2017
2017-05-03
0.4400
0.4400
Q4 2016
2017-02-15
0.4200
0.3900
Q3 2016
2016-11-02
-0.1000
-0.1000
Q2 2016
2016-08-03
1.0300
1.0300
Q1 2016
2016-04-27
0.7300
0.7300
Q4 2015
2016-02-17
0.8300
0.8300
Q3 2015
2015-10-28
0.8800
0.8800
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
2106803
BlackRock Inc.
4947812
BlackRock Institutional Trust Company, N.A.
1918582
BROOKFIELD ASSET MANAGEMENT INC.
1135200
COHEN & STEERS INC
754661
DIMENSIONAL FUND ADVISORS LP
625311
Fisher Asset Management, LLC
850609
GOLDMAN SACHS GROUP INC
2647175
Invesco Ltd.
2350934
LASALLE INVESTMENT MANAGEMENT SECURITIES LLC
1903145
MORGAN STANLEY
1254849
SECURITY CAPITAL RESEARCH & MANAGEMENT INC
2726275
STATE STREET CORP
2045152
Vanguard Group, Inc
7298673
WELLINGTON MANAGEMENT CO LLP
699278
Major Shareholders
Name Relationship
Total Shares
Holding stocks