The historical rank and industry rank for Life Storage's Gross Margin % or its related term are showing as below:
LSI'
s Gross Margin % Range Over the Past 10 Years
Min: 61.79 Med: 64.27 Max: 69
Current: 69
During the past 13 years, the highestGross Margin % of Life Storage was 69.00%. The lowest was 61.79%. And the median was 64.27%.
LSI's Gross Margin % is not ranked
in the REITs industry.
Industry Median: 68.83
vs LSI: 69.00
Life Storage had a gross margin of 67.80% for the quarter that ended in Mar. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Life Storage was 1.80% per year.
Life Storage Gross Margin % Historical Data
The historical data trend for Life Storage's Gross Margin % 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 Gross Margin %
For the REIT - Industrial subindustry, Life Storage's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Life Storage's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Life Storage (NYSE:LSI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Life Storage had a gross margin of 67.80% for the quarter that ended in Mar. 2023 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Life Storage Gross Margin % Related Terms
Thank you for viewing the detailed overview of Life Storage's Gross Margin % 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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