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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.
LSI Industries Inc. (NASDAQ: LYTS) reported strong financial results for Q4 and full year fiscal 2022. Q4 net sales reached a record $127.5 million, a 31% year-over-year increase, with net income of $5.2 million and diluted EPS of $0.18. For the full year, net sales grew 44% to $455.1 million, with net income of $15.0 million and adjusted EPS of $0.64. The company emphasized robust demand in its display solutions and lighting markets, effective price actions, and improved cash flow, generating $8.0 million in Q4. LSI declared a dividend of $0.05 per share payable on September 6, 2022.
Life Storage, Inc. (NYSE:LSI) reported strong Q2 2022 results, with net income of $92.3 million ($1.09 per diluted share) and adjusted funds from operations (FFO) of $1.65, up 37.5% year-over-year. Same store revenue rose 18.9%, and net operating income (NOI) increased by 25.4%. The company acquired 13 stores for $262.6 million and expanded its third-party management platform by adding 17 stores. Following these results, the quarterly dividend was increased by 46% to $1.08 per share, reflecting strong financial performance and growth prospects.
Life Storage, Inc (NYSE: LSI), a major self-storage property operator, will release its financial results for the quarter ending June 30, 2022 after the market closes on August 3, 2022. A conference call to discuss the results will be held on August 4, 2022, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register to avoid delays. Life Storage operates over 1,100 facilities across 36 states, serving more than 660,000 customers.
Life Storage, Inc. (NYSE: LSI) has announced an increase in its quarterly dividend from
Life Storage, Inc. (NYSE:LSI) reported strong financial results for Q1 2022, with net income of $73.6 million ($0.88 per share) and a 33.3% increase in funds from operations (FFO) to $1.44 per share, compared to Q1 2021. Same store revenue rose by 15.6%, and same store net operating income (NOI) climbed 21.9%. The company acquired 18 self-storage sites for $351.5 million and expanded its third-party management platform by adding 25 stores. A quarterly dividend of $1.00 per share was approved, demonstrating a commitment to return value to shareholders.
LSI Industries reports a strong fiscal Q3 2022, with net sales increasing 53% year-over-year to $110.1 million and net income rising 146% to $3.6 million, or $0.13 per diluted share. Adjusted EBITDA grew 92% to $8.5 million. The company announced a $15 million share repurchase program and a quarterly dividend of $0.05 per share. Sales growth was driven by robust demand in lighting and display solutions, particularly from the JSI Store Fixtures acquisition. Management anticipates sustained growth with a strong backlog and favorable market indicators.
LSI Industries Inc. (NASDAQ: LYTS) announced a new share repurchase program authorizing up to $15 million for the buyback of common stock. This decision reflects the Board's confidence in the Company's performance and aims to enhance shareholder value. The timing of the repurchases will be influenced by various market considerations and capital needs. LSI's commitment to a balanced capital allocation strategy focuses on organic growth, acquisitions, and returning capital to shareholders, aligning with positive trends in non-residential construction.
Life Storage, Inc. (NYSE:LSI) will release its financial results for the quarter ending March 31, 2022, post-market on May 4, 2022. A conference call discussing these results is scheduled for May 5, 2022, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register to avoid delays. Life Storage operates over 1,100 facilities across 36 states, catering to both residential and commercial storage needs, serving over 600,000 customers. For further information, visit their website.
Life Storage, Inc. (NYSE: LSI) has declared a quarterly dividend of $1.00 per share, which annualizes to $4.00 per share, yielding approximately 2.8% based on the latest closing price. The dividend payment is scheduled for April 26, 2022, for shareholders on record by April 14, 2022. Life Storage operates over 1,100 storage facilities across 36 states, catering to more than 600,000 customers, making it a leader in the self-storage industry.
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