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Life Storage Inc (LSI.N)

LSI.N on New York Stock Exchange

91.62USD
17 Oct 2018
Change (% chg)

$0.36 (+0.39%)
Prev Close
$91.26
Open
$91.27
Day's High
$92.08
Day's Low
$90.19
Volume
82,306
Avg. Vol
101,809
52-wk High
$102.91
52-wk Low
$76.43

Latest Key Developments (Source: Significant Developments)

Life Storage Prices Offering Of Senior Notes
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Life Storage Inc ::LIFE STORAGE, INC. PRICES OFFERING OF SENIOR NOTES.LIFE STORAGE INC - ‍ LIFE STORAGE LP PRICED AN OFFERING OF $450 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.875% SENIOR UNSECURED NOTES DUE 2027​.LIFE STORAGE INC - NOTES WILL BE ISSUED AT 99.523% OF PAR VALUE WITH A COUPON OF 3.875%.LIFE STORAGE INC - NOTES WILL MATURE ON DECEMBER 15, 2027.  Full Article

Life Storage Inc reports Q3 FFO per share of $1.34
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Life Storage Inc ::Life Storage, Inc. reports third quarter 2017 results​.Q3 FFO per share $1.34.Q3 adjusted FFO per share $1.39.Sees FY 2017 adjusted FFO per share about $5.26 to $5.30.Qtrly ‍same store quarter end occupancy of 92.7%​.Sees Q4 same store revenue of 0.50 percent to 1.50 pct‍​.Sees Q4 same store net operating income of negative 1.00 percent to 0.00 pct‍​.Same store NOI decreased 0.5% for the Q3 of 2017 as compared to the 3rd quarter of 2016.Sees ‍Q4 FFO per share $1.28 - $1.32 ‍​.  Full Article

Life Storage sees FY 2017 adjusted FFO per share about $5.50 to $5.60
Wednesday, 15 Feb 2017 

Life Storage Inc : Life Storage, Inc. reports fourth quarter and full year 2016 results . Q4 adjusted FFO per share $1.31 . Q4 FFO per share $1.28 . Sees FY 2017 adjusted FFO per share about $5.50 to $5.60 . Life Storage Inc - Increased same store revenue by 4.0% in quarter . Life Storage Inc qtrly same store NOI increased 3.7% over Q4 of 2015 . "Grew same store average occupancy for quarter by 50 basis points to 90.9% compared to same period in 2015" . Life Storage Inc sees Q1 revenue 3.00 - 4.00% . Life Storage Inc - Company plans to complete $30 - $35 million of expansions in 2017. . Life Storage Inc sees Q1 net operating income 3.00 - 4.00% . Life Storage Inc - Plans to complete $30 - $35 million of expansions in 2017 . Life Storage Inc sees FY revenue 3.00 - 4.00% . "Houston market is expected to comprise approximately 8.5% of 2017 forecasted NOI of company's wholly owned stores" . Life Storage Inc sees Q1 net operating income 3.00 percent - 4.00 percent . Life Storage Inc sees FY net operating income 2.75 - 3.75% . Life Storage Inc sees FY 2017 net operating income 2.75 - 3.75% . Life Storage Inc - Expects that during 2017, it will incur dilution to extent of $0.01 to $0.03 per share in FFO due to acquisitions . Life Storage Inc sees Q1 FFO per share $1.24 - $1.28 . Life Storage Inc sees FY 2017 ffo per share $5.50 - $5.60 . Q1 FFO per share view $1.32 -- Thomson Reuters I/B/E/S . FY2017 FFO per share view $5.57 -- Thomson Reuters I/B/E/S.  Full Article

Investors eye bright spots in REIT sector

While investors say they are wary of the broader real estate industry in a rising interest rate environment, some are still bullish on sectors such as self storage and manufactured homes.