Life Storage, Inc. (LSI) Income Statement Analysis

See more : Siemens Aktiengesellschaft (SIE.DE) Income Statement Analysis – Financial Results

Complete financial analysis of Life Storage, Inc. (LSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Life Storage, Inc., a leading company in the REIT – Industrial industry within the Real Estate sector.

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Life Storage, Inc. (LSI)

Industry: REIT - Industrial

Sector: Real Estate

Website: https://www.lifestorage.com

About Life Storage, Inc.

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 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.

Metric	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	1.02B	770.99M	556.96M	525.05M	513.05M	495.17M	434.22M	344.27M	307.15M	257.60M	223.37M	211.16M	192.07M	195.01M	203.00M	193.77M	166.30M	138.31M	123.29M	113.16M	102.14M	91.41M	92.51M	84.26M	69.36M	49.35M	33.60M	13.00M
Cost of Revenue	308.75M	246.39M	208.58M	195.16M	183.02M	180.88M	151.26M	119.16M	109.85M	89.14M	77.99M	54.91M	70.91M	71.55M	74.74M	17.47M	15.26M	12.41M	11.01M	0.00	9.27M	7.98M	7.72M	0.00	0.00	0.00	0.00	0.00
Gross Profit	709.39M	524.60M	348.39M	329.88M	330.03M	314.29M	282.95M	225.11M	197.30M	168.46M	145.39M	156.24M	121.16M	123.47M	128.26M	176.30M	151.04M	125.90M	112.27M	113.16M	92.88M	83.43M	84.79M	84.26M	69.36M	49.35M	33.60M	13.00M
Gross Profit Ratio	69.68%	68.04%	62.55%	62.83%	64.33%	63.47%	65.16%	65.39%	64.24%	65.39%	65.09%	73.99%	63.08%	63.31%	63.18%	90.99%	90.82%	91.03%	91.07%	100.00%	90.93%	91.27%	91.66%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	77.20M	62.62M	52.06M	46.98M	48.32M	50.03M	43.10M	38.66M	40.79M	34.94M	32.31M	25.99M	21.86M	18.65M	17.28M	15.23M	14.10M	12.86M	11.07M	9.62M	8.59M	8.03M	5.79M	5.57M	4.85M	2.76M	2.28M	1.00M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	77.20M	62.62M	52.06M	46.98M	48.32M	50.03M	43.10M	38.66M	40.79M	34.94M	32.31M	25.99M	21.86M	18.65M	17.28M	15.23M	14.10M	12.86M	11.07M	9.62M	8.59M	8.03M	5.79M	5.57M	4.85M	2.76M	2.28M	1.00M
Other Expenses	172.87M	129.54M	63.11M	57.44M	102.53M	250.28M	251.79M	143.41M	128.87M	109.68M	100.97M	116.22M	84.78M	85.34M	90.16M	86.55M	69.38M	57.18M	52.06M	0.00	41.68M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	250.08M	192.16M	115.17M	104.42M	113.05M	142.94M	131.79M	74.83M	73.61M	64.27M	60.57M	82.97M	54.80M	52.03M	126.44M	119.25M	98.74M	82.45M	74.15M	67.74M	59.53M	31.14M	27.95M	42.98M	34.60M	15.88M	15.99M	-5.10M
Cost & Expenses	558.83M	438.55M	323.74M	299.58M	296.07M	323.82M	283.06M	194.00M	183.45M	153.41M	138.56M	137.88M	125.71M	123.58M	126.44M	119.25M	98.74M	82.45M	74.15M	67.74M	59.53M	31.14M	27.95M	42.98M	34.60M	15.88M	15.99M	-5.10M
Interest Income	32.00K	827.00K	19.00K	342.00K	13.00K	7.00K	67.00K	5.00K	40.00K	40.00K	4.00K	83.00K	84.00K	85.00K	322.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	105.90M	84.25M	79.58M	74.10M	68.51M	61.70M	52.77M	35.94M	33.72M	31.17M	32.33M	38.55M	31.71M	50.05M	38.10M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	193.28M	151.10M	121.05M	107.13M	102.53M	127.49M	117.08M	58.51M	51.75M	45.23M	40.89M	35.01M	32.94M	35.66M	34.42M	35.00M	26.34M	22.01M	19.90M	18.98M	17.39M	15.04M	14.27M	13.14M	10.30M	7.01M	4.58M	1.70M
EBITDA	240.12M	483.54M	354.57M	335.17M	321.49M	289.49M	270.24M	211.01M	176.71M	150.58M	125.81M	49.51M	99.31M	41.50M	113.27M	40.33M	30.72M	25.67M	23.58M	64.41M	19.55M	75.30M	76.67M	54.41M	45.06M	40.48M	22.19M	19.80M
EBITDA Ratio	64.64%	62.72%	63.66%	63.84%	62.66%	58.46%	62.24%	61.29%	57.53%	58.45%	56.32%	51.16%	51.70%	54.34%	55.79%	57.76%	56.47%	56.30%	56.00%	56.92%	58.75%	82.38%	82.88%	64.58%	64.96%	82.01%	66.04%	152.31%
Operating Income	464.86M	332.44M	233.52M	228.04M	274.10M	171.35M	119.84M	147.29M	116.33M	101.06M	80.49M	68.95M	66.37M	71.43M	76.56M	74.52M	67.56M	55.86M	49.14M	45.43M	42.61M	60.26M	64.56M	41.27M	34.76M	33.47M	17.61M	18.10M
Operating Income Ratio	45.66%	43.12%	41.93%	43.43%	53.43%	34.60%	27.60%	42.78%	37.88%	39.23%	36.03%	32.65%	34.55%	36.63%	37.71%	38.46%	40.63%	40.39%	39.86%	40.14%	41.72%	65.93%	69.78%	48.99%	50.11%	67.82%	52.40%	139.23%
Total Other Income/Expenses	-98.40M	-80.26M	-81.16M	32.03M	-66.54M	52.36M	-34.88M	-34.21M	-27.28M	-26.94M	-25.36M	-37.42M	-25.72M	1.13M	-2.18M	-2.40M	-30.95M	-21.07M	-17.14M	0.00	-16.31M	-51.21M	-12.29M	0.00	0.00	0.00	0.00	0.00
Income Before Tax	366.46M	252.18M	152.36M	260.08M	207.56M	96.81M	84.96M	113.08M	89.06M	71.47M	48.95M	31.53M	34.98M	72.56M	74.38M	72.12M	36.61M	34.79M	32.00M	0.00	26.30M	24.19M	66.72M	0.00	0.00	0.00	0.00	0.00
Income Before Tax Ratio	35.99%	32.71%	27.36%	49.53%	40.46%	19.55%	19.57%	32.85%	29.00%	27.75%	21.91%	14.93%	18.21%	37.21%	36.64%	37.22%	22.02%	25.15%	25.96%	0.00%	25.75%	26.46%	72.12%	0.00%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	106.74M	92.80M	85.21M	80.05M	4.14M	65.45M	56.17M	39.90M	36.33M	30.46M	27.09M	39.15M	25.96M	51.52M	39.27M	35.31M	30.95M	21.07M	17.14M	17.00M	16.31M	36.07M	38.85M	15.69M	11.22M	10.35M	1.95M	11.40M
Net Income	259.73M	159.37M	67.15M	180.03M	206.59M	96.37M	85.23M	112.52M	88.53M	74.13M	55.13M	30.59M	40.64M	19.92M	37.40M	39.21M	36.61M	34.79M	32.00M	28.42M	26.30M	24.19M	25.71M	25.59M	23.54M	23.12M	15.66M	6.70M
Net Income Ratio	25.51%	20.67%	12.06%	34.29%	40.27%	19.46%	19.63%	32.68%	28.82%	28.78%	24.68%	14.49%	21.16%	10.21%	18.42%	20.24%	22.02%	25.15%	25.96%	25.12%	25.75%	26.46%	27.79%	30.37%	33.94%	46.84%	46.61%	51.54%
EPS	3.08	2.03	0.95	2.58	2.96	1.39	1.31	2.12	1.79	1.58	1.25	0.74	0.99	0.56	1.15	1.21	1.27	1.24	1.03	0.98	1.11	1.16	1.26	1.31	1.27	1.31	1.25	0.61
EPS Diluted	3.06	2.03	0.94	2.57	2.96	1.38	1.31	2.11	1.78	1.57	1.25	0.73	0.99	0.56	1.15	1.21	1.26	1.23	1.02	0.97	1.09	1.15	1.26	1.31	1.27	1.31	1.25	0.61
Weighted Avg Shares Out	84.32M	78.42M	71.05M	69.88M	69.75M	69.56M	64.78M	53.07M	49.53M	46.95M	44.04M	41.51M	41.21M	35.68M	32.64M	31.43M	26.92M	24.73M	22.81M	19.73M	19.16M	18.31M	18.06M	18.66M	18.49M	17.60M	12.49M	11.04M
Weighted Avg Shares Out (Dil)	84.88M	78.61M	71.18M	69.98M	69.89M	69.73M	65.11M	53.40M	49.79M	47.18M	44.23M	41.59M	41.27M	35.70M	32.67M	31.51M	27.06M	25.00M	22.96M	19.90M	19.40M	18.52M	18.06M	18.70M	18.49M	17.69M	12.49M	11.04M

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WEBSTER, N.Y. , April 23, 2024 /PRNewswire/ -- U-Haul® has acquired the former Life Storage® property at 1039 Ridge Road in Webster to better meet the moving and self-storage needs of Monroe County customers.

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