LSI · Life Storage, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $1.04B | $788.57M | $616.77M | $574.74M | $550.85M | $529.75M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $77.20M | $62.62M | $52.05M | $46.62M | $48.32M | $50.03M |
| Total Operating Expenses | $578.85M | $456.13M | $383.56M | $349.27M | $333.87M | $358.40M |
| D&A | $192.90M | $147.12M | $122.92M | $107.13M | $102.53M | $102.70M |
| Operating Income | $464.86M | ($332.44M) | $233.52M | $331.60M | $274.10M | $171.35M |
| Interest Expense | $109.24M | $86.79M | $86.02M | $76.43M | $70.67M | $74.36M |
| Income Tax | - | - | - | - | - | - |
| Net Income | $358.13M | $249.32M | $151.57M | $258.70M | $206.59M | $96.36M |
| EPS - Basic | $4.25 | $3.18 | $2.13 | $5.55 | $4.44 | $2.08 |
| EPS - Diluted | $4.22 | $3.17 | $2.13 | $5.55 | $4.43 | $2.07 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.41M | $171.87M | $54.40M | $17.46M | $13.56M | $9.17M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $7.39B | $6.56B | $4.73B | $4.23B | $3.89B | $3.88B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $3.41B | $2.81B | $2.21B | $1.97B | $1.73B | $1.74B |
| Total Liabilities | $3.56B | $2.94B | $2.32B | $2.07B | $1.81B | $1.83B |
| Stockholders' Equity | $3.62B | $3.38B | $2.38B | $2.13B | $2.06B | $2.03B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $586.86M | $433.90M | $298.97M | $278.84M | $262.30M | $225.55M |
| Investing Cash Flow | ($1.14B) | ($1.68B) | ($576.00M) | ($302.52M) | ($55.70M) | ($1.80B) |
| Financing Cash Flow | $406.42M | $1.36B | $314.24M | $31.17M | ($201.99M) | $1.59B |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 44.8% | -42.2% | 37.9% | 57.7% | 49.8% | 32.3% |
| EBITDA margin | 63.4% | -23.5% | 57.8% | 76.3% | 68.4% | 51.7% |
| Net margin | 34.5% | 31.6% | 24.6% | 45.0% | 37.5% | 18.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 7.4% | 7.9% | 8.4% | 8.1% | 8.8% | 9.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 4.8% | 3.8% | 3.2% | 6.1% | 5.3% | 2.5% |
| Return on equity | 9.9% | 7.4% | 6.4% | 12.1% | 10.0% | 4.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.94 | 0.83 | 0.93 | 0.93 | 0.84 | 0.86 |
| Debt / Assets | 0.46 | 0.43 | 0.47 | 0.47 | 0.44 | 0.45 |
| Debt / EBITDA | 5.18 | - | 6.21 | 4.50 | 4.59 | 6.36 |
| Interest coverage | 4.3x | -3.8x | 2.7x | 4.3x | 3.9x | 2.3x |
| Equity multiplier | 2.04 | 1.94 | 1.99 | 1.98 | 1.89 | 1.91 |
| Liabilities / Assets | 0.48 | 0.45 | 0.49 | 0.49 | 0.47 | 0.47 |
| Efficiency | ||||||
| Asset turnover | 0.14 | 0.12 | 0.13 | 0.14 | 0.14 | 0.14 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 31.7% | 27.9% | 7.3% | 4.3% | 4.0% | 14.5% |
| Revenue CAGR (3y) | 21.8% | 12.7% | 5.2% | 7.5% | 14.5% | 17.6% |
| Revenue CAGR (5y) | 14.4% | 11.3% | 11.0% | 12.0% | 15.0% | 17.6% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -29.6% | 21.0% | 60.0% | 43.0% |
| Net income growth (YoY) | 43.6% | 64.5% | -41.4% | 25.2% | 114.4% | 13.1% |
| EPS growth (YoY) | 33.1% | 48.8% | -61.6% | 25.3% | 114.0% | 5.6% |
| EPS CAGR (3y) | -8.7% | -10.6% | 1.0% | 41.5% | 11.9% | -8.1% |
| EPS CAGR (5y) | 15.3% | 10.1% | -7.6% | 15.8% | 13.4% | 2.1% |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 7.2% | 42.1% | 11.5% | 3.7% | 1.5% | -2.9% |
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing LIFE STORAGE against the 5 most active filers in the same SIC group.