Sumitomo Mitsui Trust Holdings Reduces Investment in Life Storage,
July 20, 2023
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Life Storage ($NYSE:LSI), Inc. (LSI), a self-storage REIT, recently saw a reduction in ownership from Sumitomo Mitsui Trust Holdings Inc. Sumitomo Mitsui Trust Holdings Inc. is a financial services company that manages and provides trust banking, securities, foreign exchange, and other related services. The company focuses on providing customers with a broad range of affordable and convenient storage solutions, including climate-controlled and non-climate-controlled units as well as vehicle storage and boat storage services. It also offers commercial services to businesses looking for business storage solutions.
Considering that Sumitomo Mitsui Trust Holdings Inc. is reducing their ownership in Life Storage, Inc., it could potentially signal a possible decline in the company’s stock prices in the near future. This could be a potential area for investors to consider if they are looking to invest in the self-storage industry.
Share Price
On Wednesday, the Life Storage, Inc. (LIFE) stock opened at $135.0 and closed at $133.1, down by 0.8% from the prior closing price of 134.1. This decrease in stock value follows news that Sumitomo Mitsui Trust Holdings Inc., a Japanese bank holding and financial services company, has reduced its investment in the company. This reduction in investment likely comes as a result of the volatility of Life Storage, Inc.’s stock, as it has seen significant movement in the past year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Life Storage. More…
| Total Revenues | Net Income | Net Margin |
| 1.04k | 366.16 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Life Storage. More…
| Operations | Investing | Financing |
| 586.86 | -1.14k | 406.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Life Storage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.38k | 3.57k | 41.91 |
Key Ratios Snapshot
Some of the financial key ratios for Life Storage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 46.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have undertaken a thorough analysis of the fundamentals of LIFE STORAGE. Our Star Chart shows that LIFE STORAGE is performing strongly in the areas of asset, dividend, growth, and profitability. Classifying the company as a ‘cow’, we conclude that LIFE STORAGE has the track record to demonstrate that they can sustainably pay out consistent dividends. Investors who are after reliable income streams may find LIFE STORAGE attractive. Furthermore, LIFE STORAGE scores an impressive 8/10 when it comes to health score. This suggests that the company is in a strong position to ride out any crisis, due to its healthy cash flows and low levels of debt. More…
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
Investing analysis of Life Storage, Inc. has recently been impacted by a decrease in its ownership stake from Sumitomo Mitsui Trust Holdings Inc. This could lead to an altered outlook on the storage company, and investors should monitor the stock closely in the future. It provides self-storage and storage related services to residential and commercial customers. It has a diversified portfolio of properties and is well-positioned for the future, but there could be some downside risk associated with its decreased ownership stake. Investors should further analyze the company’s financials, operations, and competitive environment before making any decisions.
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