What is Life Storage Debt-to-Equity?
Life Storage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $619 Mil. Life Storage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2,785 Mil. Life Storage's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $3,565 Mil.
Life Storage's debt to equity for the quarter that ended in Mar. 2023 was 0.95.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Life Storage's Debt-to-Equity or its related term are showing as below:
LSI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.56 Med: 0.84 Max: 1.02
Current: 0.96
During the past 13 years, the highest Debt-to-Equity Ratio of Life Storage was 1.02. The lowest was 0.56. And the median was 0.84.
Life Storage Debt-to-Equity Historical Data
The historical data trend for Life Storage's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Life Storage Debt-to-Equity Chart
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Life Storage Annual Data
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Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Debt-to-Equity |
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0.83 |
0.92 |
0.92 |
0.82 |
0.93 |
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Life Storage Quarterly Data
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Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
| Debt-to-Equity |
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0.84 |
0.88 |
0.90 |
0.93 |
0.96 |
Competitive Comparison of Life Storage's Debt-to-Equity
For the REIT - Industrial subindustry, Life Storage's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Life Storage's Debt-to-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Life Storage's Debt-to-Equity falls into.
Life Storage Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Life Storage's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Life Storage's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Life Storage (Life Storage) Business Description
Traded in Other Exchanges
N/A
Address
6467 Main Street, Williamsville, NY, USA, 14221
Life Storage Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generate a majority of operating revenue. The company also offers storage to both individuals of commercial renters and has special storage units available for vehicles and wine.
Executives
| Joseph Saffire |
officer: Chief Investment Officer |
6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
| Havener Arthur L Jr |
director |
9825 SUNSET GREENS DRIVE, ST. LOUIS MO 63127 |
| Alexander Gress |
officer: CFO |
6467 MAIN STREET, C/O LIFE STORAGE, INC., WILLIAMSVILLE NY 14221 |
| Stephen R Rusmisel |
director |
C/O SOVRAN SELF STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
| Andrew J Gregoire |
officer: CFO |
C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
| David P. Dodman |
officer: COO |
C/O LIFE STORAGE, INC, 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
| Edward F Killeen |
officer: EVP Real Estate Management |
C/O LIFE STORAGE, INC., 6467 MAIN STREET, WILLIAMSVILLE NY 14221 |
| David L Rogers |
officer: CFO |
C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221 |
| Sue Harnett |
director |
P.O. BOX 195115, SAN JUAN PR 00919-5115 |
| Mark G Barberio |
director |
19 WIK STREET, WILLIAMSVILLE NY 14221 |
| Edward J Pettinella |
director |
C/O HOME PROPERTIES, 850 CLINTON SQUARE, ROCHESTER NY 14604 |
| Charles E Lannon |
director |
C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221 |
| Kenneth F Myszka |
director, officer: President, COO |
C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221 |
| Robert J Attea |
director, officer: Chairman of Board, CEO |
C/O LIFE STORAGE INC, 6467 MAIN STREET, BUFFALO NY 14221 |
| Dana Hamilton |
director |
C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112 |
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