Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Life Storage's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $3,565 Mil. Life Storage's Total Assets for the quarter that ended in Mar. 2023 was $7,377 Mil.
Therefore, Life Storage's Equity to Asset Ratio for the quarter that ended in Mar. 2023 was 0.48.
The historical rank and industry rank for Life Storage's Equity-to-Asset or its related term are showing as below:
LSI'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.52 Max: 0.63
Current: 0.48
During the past 13 years, the highest Equity to Asset Ratio of Life Storage was 0.63. The lowest was 0.48. And the median was 0.52.
LSI's Equity-to-Asset is not ranked
in the REITs industry.
Industry Median: 0.57
vs LSI: 0.48
Life Storage Equity-to-Asset Historical Data
The historical data trend for Life Storage's Equity-to-Asset 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.
Competitive Comparison of Life Storage's Equity-to-Asset
For the REIT - Industrial subindustry, Life Storage's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Life Storage's Equity-to-Asset falls into.
Life Storage Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Life Storage's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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 (NYSE:LSI) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Life Storage Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Life Storage's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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