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Andrew Gregoire to Retire as Chief Financial Officer, to be Succeeded by Alexander Gress, Vice President of Finance, Corporate Planning and Investor Relations Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today that it will promote the Company's Vice President of Finance, Corporate Planning and Investor Relations to Chief Financial Officer upon the retirement of current CFO, Andrew Gregoire, on January 2, 2023. Post-retirement, Mr. Gregoire will continue to assist in order to provide for a smooth transition, through June 30, 2023. "On behalf of myself, the management team, the board and the entire Life Storage team, I want to ex

Edward Killeen to retire as Chief Operating Officer, to be succeeded by David Dodman, Senior Vice President, Strategic Planning and Investor Relations Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today that effective December 31, 2021, Edward Killeen, the Company's Chief Operating Officer, will retire from Life Storage. Mr. Killeen has been with Life Storage for 24 years and held various roles with the Company. He is a well-respected member of the Company's executive team. David Dodman, the Company's current Senior Vice President of Strategic Planning and Investor Relations, has been selected to succeed Mr. Killeen as Chief Ope

BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced that its Board of Directors has approved a 3.7% year-over-year increase in the Company’s quarterly common stock dividend. The Board has also approved a three-for-two stock split of the Company’s common stock, which will be made in the form of a 50% stock dividend. Shareholders of record at the close of business on January 15, 2021 will receive one additional share of Life Storage common stock for every two shares owned. These additional shares will be distributed on January 27, 2021. Cash will be distributed in lieu of fractional s

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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

SALT LAKE CITY, May 2, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three months ended March 31, 2023. Highlights for the three months ended March 31, 2023: Achieved net income attributable to common stockholders of $1.46 per diluted share, representing a 3.3% decrease compared to the same period in the prior year.  Achieved funds from operations attributable to common stockholders and unit holders ("FFO

Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, reported operating results for the quarter ended March 31, 2023. Highlights for the First Quarter Included: Generated net income attributable to common shareholders of $81.6 million, or $0.96 per fully diluted common share. Achieved adjusted funds from operations ("FFO")(1) per fully diluted common share of $1.63, a 13.2% increase over the same period in 2022. Increased same store revenue by 10.5% and same store net operating income ("NOI")(2) by 12.8%, year-over-year. With a joint venture partner, acquired one store for a total cost of $22.4 million, of which the Company invested

Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, will issue financial results for the quarter ended March 31, 2023 after the market closes on Tuesday, May 2, 2023. The Company will conduct a conference call to discuss operations and review financial results on Wednesday, May 3, 2023 at 9:00 a.m. Eastern Time. The Company encourages pre-registration for the telephone conference to help avoid connection delays. Participants may use this link to pre-register and receive a dial-in number and unique PIN. Participants who are unable to pre-register may access the conference call by dialing 888.506.0062 (domestic), or 973.528.0011 (international

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

Creates the largest storage operator and one of the largest REITs in the RMZ SALT LAKE CITY and BUFFALO, N.Y., April 3, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) ("Extra Space") and Life Storage, Inc. (NYSE:LSI) ("Life Storage") announced today that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction.  The transaction brings together two industry-leading platforms, and the combined company is expected to have a pro forma equity market capitalization of approximately $36 billion and total enterprise value of approximately $47 billion.

Conference Call at 8:00 a.m. Eastern Time Today to Review Presentation, Fourth Quarter and Full Year 2022 Financial Results and Outlook Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, today published an investor presentation regarding the unsolicited proposal submitted by Public Storage on February 5, 2023. The presentation is available in the investor relations section of the Company's website and has also been filed with the U.S. Securities and Exchange Commission (the "SEC"). Highlights of the presentation include: Public Storage's proposal significantly undervalues Life Storage and the Company's prospects for growth and value creation

NEW YORK, July 19, 2023 /PRNewswire/ -- Equity LifeStyle Properties Inc. (NYSE:ELS) will replace Life Storage Inc. (NYSE:LSI) in the S&P MidCap 400 effective prior to the opening of trading on Monday, July 24. S&P 500 constituent Extra Space Storage Inc. (NYSE:EXR) is acquiring Life Storage in a deal expected to be completed on July 20 pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector July 24, 2023 S&P MidCap 400 Addition Equity LifeStyle Properties ELS Real Estate S&P MidCap 400 Deletion Life Storage LSI Real Estate For more informatio

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

SALT LAKE CITY, May 2, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three months ended March 31, 2023. Highlights for the three months ended March 31, 2023: Achieved net income attributable to common stockholders of $1.46 per diluted share, representing a 3.3% decrease compared to the same period in the prior year.  Achieved funds from operations attributable to common stockholders and unit holders ("FFO

Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, reported operating results for the quarter ended March 31, 2023. Highlights for the First Quarter Included: Generated net income attributable to common shareholders of $81.6 million, or $0.96 per fully diluted common share. Achieved adjusted funds from operations ("FFO")(1) per fully diluted common share of $1.63, a 13.2% increase over the same period in 2022. Increased same store revenue by 10.5% and same store net operating income ("NOI")(2) by 12.8%, year-over-year. With a joint venture partner, acquired one store for a total cost of $22.4 million, of which the Company invested

Life Storage, Inc., (NYSE:LSI), a leading national owner and operator of self-storage properties, will issue financial results for the quarter ended March 31, 2023 after the market closes on Tuesday, May 2, 2023. The Company will conduct a conference call to discuss operations and review financial results on Wednesday, May 3, 2023 at 9:00 a.m. Eastern Time. The Company encourages pre-registration for the telephone conference to help avoid connection delays. Participants may use this link to pre-register and receive a dial-in number and unique PIN. Participants who are unable to pre-register may access the conference call by dialing 888.506.0062 (domestic), or 973.528.0011 (international

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

Creates the largest storage operator and one of the largest REITs in the RMZ SALT LAKE CITY and BUFFALO, N.Y., April 3, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) ("Extra Space") and Life Storage, Inc. (NYSE:LSI) ("Life Storage") announced today that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage in an all-stock transaction.  The transaction brings together two industry-leading platforms, and the combined company is expected to have a pro forma equity market capitalization of approximately $36 billion and total enterprise value of approximately $47 billion.

Equity Lifestyle Properties Inc (NYSE:ELS) shares are trading higher Thursday after it was announced the company is set to join the S&P MidCap 400. What Happened: Equity Lifestyle will replace Life Storage Inc (NYSE:LSI) in the S&P MidCap 400 prior to the open on July 24.  Life Storage is set to be acquired by Extra Space Storage Inc (NYSE:EXR) this week. The deal is expected to be completed on Thursday.  Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities and marinas. See Also: Travelers Significantly Misses Q2 Core EPS, Reports $1.5B Catastrophe Losses ELS Price Action: Equity Lifestyle has a 52-week high of $7

Investors eagerly anticipate the dividend payout from Life Storage (NYSE:LSI) on July 19, 2023. With a payout of $0.90 per share and an annualized dividend yield of 2.71%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on July 12, 2023 Life Storage Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-c

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 Space common stock as of the record date – were voted in favor of the issuance of Extra Space common stock in connection with the merger. The final voting results of the Extra Space Special Meeting of Stockholders will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission.According to the results of the Life Storage Special Meeting of Stockholders, more than 99.7 percent of votes cast at the meeting – approximately 83.4 percent of the outstanding shares of Life Storage common

 Alexander Gress, the company's Chief Financial Officer, passed away unexpectedly on July 9, 2023. The Board has appointed David Dodman, Chief Operating Officer of Life Storage, as Chief Financial Officer, effective immediately. Mr. Dodman will continue to serve in his role as COO in addition to his new responsibilities as CFO.

As the first half of 2023 comes to an end, it’s been a clearly challenging time for stocks, and real estate investment trusts (REITs) in particular, with Federal Reserve rate hikes and hints of recession to come. More than half of all REITs have had negative total returns so far. But some REITs have done quite well as earnings have improved or analysts have raised their positions. Acquisitions have played a part as well in some of the best performances. Take a look at the best REITs over the first half of 2023. Although the top two are mortgage REITs (mREITs), the rest are spread across a broad base of subsectors: Angel Oak Mortgage REIT Inc. (NYSE:AOMR) is an Atlanta-based mREIT that spec

Analysts have provided the following ratings for Life Storage (NYSE:LSI) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 3 0 0 0 According to 5 analyst offering 12-month price targets in the last 3 months, Life Storage has an average price target of $141.2 with a high of $154.00 and a low of $122.00. Below is a summary of how these 5 analysts rated Life Storage over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are

Truist Securities analyst Ki Bin Kim maintains Life Storage (NYSE:LSI) with a Hold and raises the price target from $120 to $122.

Within the last quarter, Life Storage (NYSE:LSI) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 3 0 0 0 3M Ago 0 0 1 0 0 These 5 analysts have an average price target of $140.8 versus the current price of Life Storage at $133.96, implying upside. Below is a summary of how these 5 analysts rated Life Storage over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock This average price target has increas

Stifel analyst Steve Manaker maintains Life Storage (NYSE:LSI) with a Buy and raises the price target from $140 to $145.

Citigroup downgraded Life Storage from Buy to Neutral and set a new price target of $126.00

Jefferies downgraded Life Storage from Buy to Hold and set a new price target of $97.00 from $123.00 previously

UBS initiated coverage of Life Storage with a rating of Neutral and set a new price target of $106.00

Evercore ISI downgraded Life Storage from Outperform to In-line and set a new price target of $138.00 from $139.00 previously

BofA Securities downgraded Life Storage from Buy to Neutral and set a new price target of $133.00 from $141.00 previously

BMO Capital Markets downgraded Life Storage from Outperform to Market Perform and set a new price target of $130.00 from $150.00 previously

JP Morgan initiated coverage of Life Storage with a rating of Neutral and set a new price target of $142.00

Keybanc reiterated coverage of Life Storage with a rating of Overweight and set a new price target of $160.00 from $146.00 previously

Wolfe Research initiated coverage of Life Storage with a rating of Outperform and set a new price target of $186.00

Truist Securities reiterated coverage of Life Storage with a rating of Hold and set a new price target of $140.00 from $123.00 previously