Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 1,150 storage facilities in 37 states and the District of Columbia. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to more than 675,000 customers, making it a leader in the industry. For more information visit http://invest.lifestorage.com.
Company profile
Website
CEO
Joseph Saffire
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SOVRAN ACQUISITION LTD PARTNERSHIP
SEC CIK
Corporate docs
Subsidiaries
Life Storage LP • Life Storage Holdings, Inc. • Life Storage Solutions, LLC ...
Latest filings (excl ownership)
15-12G
Securities registration termination
31 Jul 23
15-12G
Securities registration termination
31 Jul 23
POSASR
Automatic shelf registration (post-effective amendment)
20 Jul 23
8-K
Extra Space Storage & Life Storage Announce Closing of Merger
20 Jul 23
8-K
Extra Space and Life Storage Stockholders Approve Merger
18 Jul 23
8-K
Departure of Directors or Certain Officers
11 Jul 23
8-K
Other Events
11 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
24 May 23
8-K
Entry into a Material Definitive Agreement
19 May 23
10-Q
2023 Q1
Quarterly report
3 May 23
Latest ownership filings
No filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 29.46 mm | 29.46 mm | 29.46 mm | 29.46 mm | 29.46 mm | 29.46 mm |
| Cash burn (monthly) | (no burn) | 12.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 138.26 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | -108.80 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | -8.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
0.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 5 |
| Opened positions | 1 |
| Closed positions | 413 |
| Increased positions | 0 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 509.69 mm |
| Total shares | 9.97 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Public Employees Retirement Association Of Colorado | 6.14 k | $1.12 mm |
| Harvest Portfolios | 3.25 k | $432.25 mm |
| Beacon Capital Management | 547.00 | $72.73 mm |
| IFP Advisors | 27.00 | $3.59 mm |
| Thrivent Trust Co of Tennessee | 6.00 | $1.00 k |