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Life Storage Inc (LSI.N)

LSI.N on New York Stock Exchange

84.77USD
22 Jan 2018
Change (% chg)

$-0.14 (-0.16%)
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$84.91
Open
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Volume
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$91.73
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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

Sovran Self Storage Q2 adjusted FFO per share $1.32
Wednesday, 3 Aug 2016 

Sovran Self Storage Inc : Q2 adjusted FFO per share $1.32 . Sovran self storage reports second quarter results . Q2 FFO per share $1.10 . Sees fy 2016 adjusted FFO per share about $5.30 to $5.34 . Says increased same store revenue by 5.7% and net operating income by 6.8% as compared to q2 of 2015 .Sees adjusted ffo between $1.37 and $1.39 per share for q3 of 2016..  Full Article

Sovran Self Storage acquires LifeStorage
Monday, 18 Jul 2016 

Sovran Self Storage Inc : Sovran Self Storage Inc says deal valued at $1.3 billion. . Wells Fargo Securities Llc acted as financial advisor and SunTrust Robinson Humphrey also acted as a financial advisor to Sovran . Sovran Self Storage Inc acquires LifeStorage . Sovran Self Storage Inc acquires LifeStorage . Deal was funded with proceeds of a 6.9 million share common stock offering in May and June 2016 sale of $600 million of 10 year notes .Citigroup Global Markets Inc acted as exclusive financial advisor to LifeStorage.  Full Article

Sovran Self Storage files for potential mixed shelf offering - SEC filing
Monday, 13 Jun 2016 

Sovran Self Storage Inc :Files for potential mixed shelf offering; size not disclosed - SEC filing.  Full Article

Sovran prices offering of 6 mln shares of its common stock at $100 per share
Friday, 20 May 2016 

Sovran Self Storage Inc : Priced offering of 6 million shares of its common stock at $100.00 per share . Net proceeds from offering will be used to partially fund acquisition of Lifestorage totaling 84 properties for $1.3 billion .Sovran Self Storage announces pricing of public offering of 6,000,000 common shares.  Full Article

Sovran Self Storage announces offering to fund Lifestorage buy
Thursday, 19 May 2016 

Sovran Self Storage Inc : Sovran Self Storage announces launch of a public offering of common stock . Commenced a public offering of 6 million shares of common stock .Net proceeds from offering will be used to partially fund recently announced acquisition of Lifestorage LP.  Full Article

Sovran Self Storage to buy LifeStorage for about $1.3 bln
Thursday, 19 May 2016 

: Sovran Self Storage, Inc. enters into definitive agreement to acquire LifeStorage, LP . Deal for about $1.3 billion . Company intends to permanently finance transaction with proceeds from contemplated equity and debt offerings . Intends to permanently finance transaction with proceeds from contemplated equity and debt offerings . Has secured $1.35 billion in bridge financing to provide certainty of closure .Will own 84 lifestorage stores with purchase contract for 3 additional certificates of occupancy deals post deal.  Full Article

Sovran Self Storage, Inc. Raises Quarterly Common Stock Dividend by 11.8%
Monday, 4 Apr 2016 

Sovran Self Storage, Inc:increase in the Company's quarterly common stock dividend from $0.85 per share to $0.95 per share or $3.40 to $3.80 annualized.The increase is effective with the quarterly dividend to be paid on April 26, 2016 to shareholders of record on April 14, 2016.The dividend, based on Friday's closing share price equates to an annual yield of approximately 3.2%.  Full Article

BRIEF-Life Storage 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​