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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) reported strong operating results for Q4 and the year ended December 31, 2021. Key highlights include a net income of $74.1 million ($0.90/share) for Q4, up from $41.6 million in 2020. Adjusted FFO per share increased by 31.8% to $1.41. For the full year, net income reached $249.3 million ($3.17/share), with a 27.7% rise in adjusted FFO to $5.07. The company acquired 112 stores for $1.696 billion in 2021. A 16% dividend increase to $1.00/share was also announced, reflecting strong financial health and a commitment to shareholder value.
Life Storage, Inc. (NYSE:LSI) will report its financial results for the quarter ended December 31, 2021, after the market closes on February 24, 2022. A conference call to discuss these results is scheduled for February 25, 2022, at 9:00 a.m. ET. Participants are encouraged to pre-register to avoid connection issues. Life Storage operates over 1,000 storage facilities across 35 states, serving more than 600,000 customers. This positions the company as a leader in the self-storage industry.
Life Storage, Inc. (NYSE:LSI), a prominent self-storage property operator, disclosed the tax allocations for its 2021 dividend distributions to shareholders. The total distribution per share is set at $3.08, with ordinary dividends of $0.74 and capital gains delineated for tax reporting on Form 1099-DIV. The company encourages shareholders to consult their tax advisors regarding their dividend treatment. Life Storage operates over 1,000 facilities across 35 states, serving more than 600,000 customers.
Life Storage, Inc. (NYSE:LSI) announced a quarterly common stock dividend increase from $0.86 to $1.00 per share, translating to an annual yield of 2.6%. This 16% raise reflects the Company's strong operating results and financial stability. The increased dividend will be paid on January 26, 2022, to shareholders of record on January 14, 2022.
CEO Joe Saffire expressed confidence in the Company’s ability to generate strong cash flow for technology investments and shareholder returns, maintaining their payout ratio.
Life Storage, Inc. (NYSE:LSI) reported strong Q3 2021 results with a net income of $70.3 million, translating to $0.89 per diluted share, a rise from $37.1 million in Q3 2020. Adjusted FFO increased by 35.6% to $1.37 per share. Same-store revenue grew by 17.4%, and same-store NOI rose by 24.3%. The company acquired 29 storage facilities for $336 million and aims for $1.7 billion in total acquisitions this year. The dividend was increased by 16% to $0.86 per share. 2021 guidance for same-store revenue has been revised upwards to 12.5%-13.5%.
Life Storage, Inc. (NYSE:LSI) will release its financial results for the quarter ending September 30, 2021, after market close on November 2, 2021. A conference call to discuss these results will take place on November 3, 2021, at 9:00 a.m. ET. Interested participants are encouraged to pre-register to avoid connection delays, with details provided in the press release. Life Storage operates over 1,000 self-storage facilities across 34 states, serving more than 575,000 customers, further solidifying its position as a leader in the self-storage industry.
Life Storage, Inc. (NYSE:LSI) announced a 16% increase in its quarterly common stock dividend, raising it from
Life Storage, Inc. (NYSE: LSI) announced the pricing of a $600 million offering of 2.400% Senior Unsecured Notes due 2031. The Notes will be issued at 99.083% of par value, with interest payable semi-annually starting April 15, 2022, and maturing on October 15, 2031. Proceeds from the offering are intended for general corporate purposes, including funding future self-storage acquisitions and repaying debt. The offering is expected to close on October 7, 2021, subject to customary conditions.
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