LSI - Dividend announcements

SALT LAKE CITY and BUFFALO, N.Y., July 18, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) ("Extra Space" or "EXR") and Life Storage, Inc. (NYSE:LSI) ("Life Storage" or "LSI") today announced that Extra Space stockholders and Life Storage stockholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, July 18, 2023. According to the results of the Extra Space Special Meeting of Stockholders, more than 99.9 percent of votes cast at the meeting – approximately 90.3 percent of the outstanding shares of Extra

David Dodman, COO of Life Storage, To Add CFO Responsibilities Life Storage, Inc. (NYSE:LSI) ("the Company"), a self-storage real estate investment trust (REIT), today announced with great sadness that Alexander Gress, the Company's Chief Financial Officer, passed away unexpectedly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. "We are shocked by the tragic passing of Alex Gress," said Joseph Saffire, the Company's Chief Executive Officer. "Alex was a tremendous leader and brilliant financial mind who demonstrated incredible integrity, passion and commitment to his colleagues and our business. He made considerable contributions to Life S

SALT LAKE CITY, July 3, 2023 /PRNewswire/ -- Extra Space Storage Inc. ("EXR" or the "Company") (NYSE:EXR) announced today that the Company's board of directors has declared a dividend of $1.01 per share on the common stock of the Company, as permitted by the terms of the merger agreement the Company entered into with Life Storage, Inc. ("Life Storage" or "LSI") (NYSE:LSI).  The dividend is payable on July 19, 2023 to stockholders of record at the close of business on July 13, 2023. Furthermore, it is anticipated that, following the closing of the merger with LSI, EXR will pay

The Board of Directors of Life Storage, Inc. (NYSE:LSI) ("the Company"), a self-storage real estate investment trust (REIT), today announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. (NYSE:EXR). The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023. Life Storage continues to expect to complete the transaction with Extra Space Storage by the end of July 2023, subject to the approval of Extra Space Storage and Life Storage shareholders and satisfaction of other customary closing conditions. Should the merger not close prior to the next

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $1.20 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.80 per share that, based on today's opening share price, equates to an annual yield of approximately 3.6%. The dividend will be paid on April 26, 2023 to Shareholders of record on April 14, 2023. 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 1,150 storage facilit

Board Determined Proposal Significantly Undervalues the Company and its Future Growth Prospects, and Is Not in the Best Interests of Life Storage and its Shareholders Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, today announced that the Company's Board of Directors unanimously concluded that the acquisition proposal submitted by Public Storage on February 5, 2023, significantly undervalues Life Storage and its prospects for future growth and value creation. This determination follows a comprehensive review process conducted by the Life Storage Board in consultation with its independent financial and legal advisors. As previously announce

Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, today confirmed that it received an unsolicited taxable all-stock proposal from Public Storage to acquire all of the outstanding shares of Life Storage for 0.4192 shares of Public Storage common stock for each outstanding Life Storage share. The Company noted that the proposal received today appears to be substantially similar in all material respects to a privately submitted proposal previously reviewed by the Life Storage Board of Directors. Notwithstanding, the Board, in consultation with its financial and legal advisors, will carefully review the proposal and determine the course of action

Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the tax allocations of the Company's 2022 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows: Record Date Payable Date Total Distribution per Share Ordinary Dividend (Box 1a) Total Capital Gain (Box 2a) Unrecaptured Section 1250 Gain(1) (Box 2b) Section 897 Capital Gain(2) (Box 2f) Section 199A Dividend(3) (Box 5) 1/14/2022 1/26/2022 $1.00 $1.000000 $0.000000 $0.000000 $0.000000 $1.000000 4/14/2022 4/26/2022 $1.00 $1.000000 $0.000000 $0

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $1.08 per share to $1.20 per share or $4.32 to $4.80 annualized. This increase represents an 11% increase over the prior quarter and 20% over the dividend declared in the first quarter of 2022. The increase is effective with the quarterly dividend to be paid on January 26, 2023 to shareholders of record on January 13, 2023. The dividend, based on December 30, 2022 closing share price, equates to an annual yield of 4.9%. "The Board is pleased to approve an 11% increase in our quarterly dividend, marking

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $1.08 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.32 per share that, based on today's opening share price, equates to an annual yield of approximately 3.9%. The dividend will be paid on October 26, 2022 to Shareholders of record on October 14, 2022. 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 1,100 storage facil

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $1.00 per share to $1.08 per share or $4.00 to $4.32 annualized. This new rate represents an 8% increase from the previous quarter and a 46% increase from the second quarter 2021 dividend. The increase is effective with the quarterly dividend to be paid on July 26, 2022 to shareholders of record on July 15, 2022. The dividend, based on today's opening share price, equates to an annual yield of 3.8%. "The Board is pleased to approve another increase to our quarterly dividend based on our strong operatin

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today the Company's quarterly dividend of $1.00 per share of common stock. The annualized dividend of Life Storage, Inc. is $4.00 per share that, based on yesterday's closing share price, equates to an annual yield of approximately 2.8%. The dividend will be paid on April 26, 2022 to Shareholders of record on April 14, 2022. 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 1,100 storage facil

Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the tax allocations of the Company's 2021 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows: Record Date   Payable Date   Total Distribution per Share   Ordinary Dividend (Box 1a)   Total Capital Gain (Box 2a)   Unrecaptured Section 1250 Gain(1) (Box 2b)   Section 897 Capital Gain(2) (Box 2f)   Section 199A Dividend(3) (Box 5) 1/15/2021 1/27/2021 $0.74 (4) $0.720568   $0.019432   $0.002195  

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $0.86 per share to $1.00 per share or $3.44 to $4.00 annualized. The increase is effective with the quarterly dividend to be paid on January 26, 2022 to shareholders of record on January 14, 2022. The dividend, based on today's opening share price, equates to an annual yield of 2.6%. "The Board is pleased to approve a 16% increase in our quarterly dividend based on our strong operating results, outlook and financial position," said Joe Saffire, the Company's Chief Executive Officer. "Our team and platf

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced today an increase in the Company's quarterly common stock dividend from $0.74 per share to $0.86 per share or $2.96 to $3.44 annualized. The increase is effective with the quarterly dividend to be paid on October 26, 2021 to shareholders of record on October 13, 2021. The dividend, based on yesterday's closing share price, equates to an annual yield of 3%. "The Board is pleased to approve a 16% increase in our quarterly dividend based on our strong operating results, outlook and financial position," said Joe Saffire, the Company's Chief Executive Officer. "Our team and pla

The Board of Directors of Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the Company's quarterly dividend of $0.74 per share of common stock. The annualized dividend of Life Storage, Inc. is $2.96 per share that, based on yesterday's closing share price, equates to an annual rate of approximately 2.8%. The dividend will be paid on July 26, 2021 to Shareholders of record on July 14, 2021. 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 950 stor

Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, reported operating results for the quarter ended March 31, 2021. All share and per share information has been retrospectively adjusted to reflect the January 2021 three-for-two stock split made in the form of a 50% stock dividend. Highlights for the First Quarter Included: Generated net income attributable to common shareholders of $47.4 million, or $0.63 per fully diluted common share. Achieved adjusted funds from operations ("FFO")(1) per fully diluted common share of $1.08, a 16.1% increase over the same period in 2020. Increased same store revenue by 7.3% and same store net operating

BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the Company’s quarterly dividend of $0.74 per share of common stock. The annualized dividend of Life Storage, Inc. is $2.96 per share that, based on today’s opening share price, equates to an annual rate of approximately 3.4%. The dividend will be paid on April 26, 2021 to Shareholders of record on April 14, 2021. 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, t

BUFFALO, N.Y.--(BUSINESS WIRE)--Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today the tax allocations of the Company’s 2020 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows: Record Date Payable Date Total Distribution per Share Ordinary Dividend (Box 1a) Total Capital Gain (Box 2a) Unrecaptured Section 1250 Gain(1) (Box 2b) Section 199A Dividend(2) (Box 5) 1/14/2020 1/27/2020 $1.07 $0.8514 $0.2186 $0.0482 $0.8514 4/14/2020 4/27/2020 $1.07 $0.8514 $0.2186 $0.0482 $0.8514 7/1