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Life Storage, Inc. (LSI) is a prominent provider of self-storage facilities in the United States. With a nationwide presence, Life Storage offers both indoor and drive-up storage solutions that cater to the needs of individuals and businesses alike. The company is dedicated to delivering storage units that are clean, convenient, climate-controlled, secure, and affordable, distinguishing itself from typical storage facilities. Life Storage places a strong emphasis on customer service, ensuring that both external and internal customers are treated with the utmost respect and care.
The company has successfully simplified storage solutions, making it easier for people to manage their belongings, whether for personal or business use. Life Storage's facilities are strategically located to provide easy access and convenience to its customers, and its commitment to maintaining high standards of cleanliness and security has earned it a trusted reputation in the industry.
In recent years, Life Storage has expanded its operations, continually upgrading its facilities and incorporating advanced technology to enhance the customer experience. The company's climate-controlled units are designed to protect valuable items from extreme temperatures and humidity, ensuring that customers' belongings remain in excellent condition.
Financially, Life Storage has shown robust performance, with steady growth in revenue and profitability. The company has formed strategic partnerships and collaborations to further its reach and improve service offerings. Life Storage's commitment to innovation and customer satisfaction makes it a leader in the self-storage industry.
Life Storage, Inc. (NYSE:LSI) will announce financial results for the quarter ending December 31, 2022, after market close on February 23, 2023. A conference call to discuss these results is scheduled for February 24, 2023, at 9:00 a.m. Eastern Time. Pre-registration is encouraged to avoid connection delays, with details available through a provided link. Life Storage operates over 1,100 self-storage facilities across 37 states, serving more than 675,000 customers. Investors can listen to the call via webcast on the company's investor relations website, and an archived version will be available for 90 days.
Life Storage, Inc (NYSE:LSI) has announced the tax allocations for its 2022 dividend distributions. Key details include:
- Record Dates: January 14, April 14, July 15, and October 14, 2022.
- Payable Dates: January 26, April 26, July 26, and October 26, 2022.
- Dividend Amounts: $1.00 (Jan & Apr), $1.08 (Jul & Oct), totaling $4.16 per share.
Further details will be reported on Form 1099-DIV, with shareholders encouraged to consult tax advisors regarding the tax treatment of these dividends. Life Storage is a leading self-storage operator with over 1,100 facilities across the U.S.
Life Storage, Inc. (NYSE:LSI) announced an 11% increase in its quarterly common stock dividend, raising it from $1.08 to $1.20 per share. This adjustment marks a 20% increase compared to the same quarter in 2022 and brings the annualized dividend to $4.80. The upcoming payment is scheduled for January 26, 2023, for shareholders on record as of January 13, 2023, resulting in an annual yield of 4.9%. CEO Joe Saffire highlighted this dividend increase as a part of their consistent growth strategy, reflecting a 79% rise over the past four years.
Life Storage, Inc. (NYSE: LSI) reported strong Q3 2022 results, with net income of $98.5 million, or $1.16 per diluted share, reflecting a 40% year-over-year increase. Adjusted FFO rose 26.3% to $1.73 per share. Same store revenues increased by 14.9%, driven by a 17.1% rise in rental rates, while same store NOI grew by 18.4%. The company acquired 11 wholly owned stores for $217.5 million and secured a $1.25 billion credit facility. Despite challenges from Hurricane Ian, operating fundamentals remain strong, with occupancy rates averaging 93.1%.
LSI Industries Inc. (NASDAQ: LYTS) reported strong fiscal Q1 2023 results, with net sales increasing 19% year-over-year to $127.1 million. Net income doubled to $6.3 million, achieving a diluted EPS of $0.22. Adjusted EBITDA rose 76% to $13.3 million, with a margin of 10.5%. Free cash flow reached $10.1 million, contributing to a 32% decrease in net leverage to 1.7x. The company experienced robust demand across key markets, enhancing profitability and operational efficiency.
Life Storage, Inc. (NYSE: LSI) announced the retirement of CFO Andrew Gregoire, effective January 2, 2023. He will assist in the transition until June 30, 2023. The company promotes Alexander Gress, Vice President of Finance, to CFO. Joseph Saffire, CEO, recognized Gregoire’s 24 years of service in expanding the company's national presence across 37 states with over 1,100 properties. Gress, who joined Life Storage recently, brings significant experience from his roles in international banking and real estate investment, positioning the company for future success.
Life Storage, Inc (NYSE:LSI), a top self-storage property operator, will release its financial results for the quarter ending September 30, 2022 post-market on November 2, 2022. A conference call to discuss these results will occur on November 3, 2022, at 9:00 a.m. ET. The company manages over 1,100 facilities across 37 states and serves more than 675,000 customers. It invites analysts to pre-register for the call to ensure smooth connections. For more details, visit www.lifestorage.com.
Life Storage, Inc. (NYSE:LSI) has confirmed that all 161 of its self-storage properties in Florida are operational following Hurricane Ian. This includes 72 locations from Tampa to Naples, which were impacted by the hurricane. The company is assessing any preliminary damage and will provide updates during its next earnings call. CEO Joseph Saffire emphasized the company's commitment to the safety of its employees and customers in the affected areas.
Life Storage, Inc. (NYSE:LSI) announced a quarterly dividend of $1.08 per share, with an annualized rate of $4.32, yielding approximately 3.9%. The dividend will be paid on October 26, 2022 to shareholders on record as of October 14, 2022. Life Storage operates over 1,100 self-storage facilities across 37 states, serving more than 675,000 customers, affirming its position as a leader in the industry.
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