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Summary Public Storage is one of the larger self-storage REITs out there, one with a solid long-term track record. I like the long-term promise of the business, yet fear that momentum has been too strong in recent years amidst an economic slowdown and reversal of pandemic-induced trends...
Jefferies analyst Jonathan Petersen downgraded self-storage REITs CubeSmart ( NYSE: CUBE ) and LifeStorage ( NYSE: LSI ) to Hold on Tuesday due to prospects for lower rent and declining web traffic. Overall, he cuts the self-storage sector to Market-Weight as rents drop and the gr...
Life Storage ( NYSE: LSI ) declares $1.20/share quarterly dividend , 11.1% increase from prior dividend of $1.08. Forward yield 4.87% Payable Jan. 26; for shareholders of record Jan. 13; ex-div Jan. 12. See LSI Dividend Scorecard, Yield Chart, & Dividend Grow...
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...
Summary I invest 50% of my net worth in REITs. But not all REITs are worth buying. I highlight two REITs that I wouldn't buy today. I invest about 50% of my portfolio in REITs, so needless to say I am very bullish on them. High Yield Landlord I inve...
Summary U.S. equity markets retreated this week as investors positioned for the upcoming FOMC meeting while a chorus of analysts and executives expressed doubt on the likelihood of a "soft landing." Posting its worst week since mid-September, the S&P 500 slid 3.3% on the week - slum...
Long-term growth in the short-term storage industry has made this sector attractive to investors for years, and Life Storage (NYSE: LSI) is hardly an exception. The chart below shows how Life Storage -- one of the largest real estate investment trusts (REITs) in the self-storage mar...
Summary Self-Storage REITs have taken a beating this year, despite strong operating results. This has created an abundance of bargains in the Storage REIT sector. This article identifies 3 of the best companies available in this bargain-rich sector. Self-Storage REIT...
Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...
Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...
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Equity LifeStyle Properties Set to Join S&P MidCap 400 Equity LifeStyle Properties Set to Join S&P MidCap 400 PR Newswire NEW YORK , July 19, 2023 /PRNewswire/ -- Equity LifeStyle Properties Inc. (NYSE:ELS) will replace Life Storage Inc. (NYSE:LS...
Extra Space and Life Storage Stockholders Approve Merger PR Newswire 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") to...
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 ...