Life Storage CFO to retire, Alexander Gress promoted to CFO

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Life Storage ($NYSE:LSI), a self-storage company, announced Tuesday that it would promote Alexander Gress to chief financial officer . This is after its current CFO, Andrew Gregoire, retires on January. Gregoire will continue to assist the firm to ensure a smooth transition after his retirement, through June. Prior to that, he was the director of finance and assistant treasurer. In his new role, Gress will be responsible for the financial strategy of the company and overseeing all financial operations.

Under his leadership, Life Storage has become one of the largest self-storage companies in the United States. The company said that the transition will be seamless and that Gress is well-positioned to take on the role of CFO. Life Storage is confident that Gress will continue to build on the strong foundation that Gregoire has established.

Stock Price

Life Storage, a self-storage company, announced that its Chief Financial Officer would be retiring and that Alexander Gress would be promoted to CFO. Media exposure of the company has been mostly positive. On Tuesday, Life Storage stock opened at $101.0 and closed at $106.2, up by 5.0% from the previous closing price of 101.2.

VI Analysis

LIFE STORAGE is a self-storage company with locations across the United States. The company’s fundamentals reflect its long term potential.

However, based on VI Risk Rating, LIFE STORAGE is a medium risk investment in terms of financial and business aspects. VI App has detected 3 risk warnings in balance sheet, cashflow statement, financial journal. Register with us to check it out.

VI Peers

The competition between Life Storage Inc and its competitors is fierce. Public Storage, Extra Space Storage Inc, and National Storage Affiliates Trust are all major players in the self-storage industry and they are all fighting for market share. The company has a strong presence in the Northeast and Mid-Atlantic regions of the country. Extra Space Storage Inc is a publicly traded company that owns and operates self-storage facilities in the United States. The company has a strong presence in the Western United States. National Storage Affiliates Trust is a publicly traded real estate investment trust that owns and operates self-storage facilities in the United States.

– Public Storage ($NYSE:PSA)

Public Storage has a market cap of 51.38B as of 2022. The company is a leading provider of self-storage solutions with over 2,200 locations across the United States and Europe. Public Storage offers a variety of storage unit sizes and features to meet the needs of its customers. The company’s self-storage solutions are designed to provide customers with convenient, safe, and affordable storage options.

– Extra Space Storage Inc ($NYSE:EXR)

As of 2022, Extra Space Storage Inc has a market cap of 22.22B. The company is a leading provider of storage solutions with over 2,200 locations across the United States. The company offers a variety of storage options for both residential and commercial customers.

– National Storage Affiliates Trust ($NYSE:NSA)

National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation and acquisition of self storage properties located throughout the United States. As of December 31, 2018, the Company owned and operated 647 self storage properties located in 35 states with approximately 43.2 million rentable square feet.

Summary

Investors may be interested in Life Storage for a number of reasons. The company is a leading provider of self-storage facilities in the United States, with a strong market position and a large portfolio of properties.

In addition, Life Storage has a proven track record of delivering consistent financial results, with strong revenue growth and profitability. Looking ahead, Life Storage is well positioned to continue its growth trajectory, with a strong pipeline of new development projects and a disciplined approach to acquisitions. Given these positive fundamentals, Life Storage is an attractive investment for investors looking for exposure to the self-storage sector.