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Companies That Had Their IPO in 1995: The Internet Hype Ramps Up
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Life Storage (LSI) investor relations material
Life Storage Q1 2023 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2023 earnings summary3 May, 2023
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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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Frequently asked questions
Storage for Life
Life Storage is an American self-storage company headquartered in Williamsville, New York. The company operates as a Real Estate Investment Trust and has over 1000 different locations in over 35 states. Life Storage is one of the largest self-storage companies in the USA, and its shares are listed on the NYSE. The company offers a wide range of different storage options for its customers, and most of its facilities also have an array of amenities and helpful features available for customers to use.
Founded as a Financial Planning Firm
Life Storage today only focuses on providing self-storage solutions for its customers, but this wasn’t always the case. The company was founded in 1982 and was then a Buffalo, New York-based financial planning firm. In 1985, the company entered the self-storage industry after opening a facility in Florida and quickly built up a network of facilities on the east coast of the United States. Throughout the following years, the company expanded rapidly while continuing to acquire self-storage facilities across the country.
The Facilities
Life Storage provides a range of different self-storage solutions for its customers. Naturally, the company offers standard storage units that are available to rent. These differ in size and cost depending on what the customer in question is looking for. Besides these standard units, Life Storage also offers other storage solutions for larger items such as boats and vehicles. As previously mentioned, most of the company’s facilities have various types of amenities, including the possibility of renting equipment.
Life Storage Is a REIT
Just like its peers Public Storage, CubeSmart, Extra Space Storage, and several others, Life Storage operates as a Real Estate Investment Trust (REIT). A REIT is a company that owns, operates, or finances income-producing real estate. Said real estate can be across a wide range of different property sectors. These forms of companies are designed to provide investors with regular income streams and potential capital gains. A REIT has to offer its shares to the public. By law, they need to distribute at least 90% of their taxable income to shareholders in the form of dividends. In return, the company can reap certain tax benefits.
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