Westpac Banking Corp Reduces Stake in Life Storage, by 3.8%
May 3, 2023
Trending News 🌥️
Life Storage ($NYSE:LSI), Inc. (NYSE:LSI) is a real estate investment trust that specializes in the acquisition, ownership and operation of self-storage facilities in the United States. During the fourth quarter, Westpac Banking Corp reduced its ownership of Life Storage, Inc. shares by 3.8%. This decrease in the company’s stake was revealed in a regulatory filing with the US Securities and Exchange Commission.
Share Price
On Monday, LIFE STORAGE, Inc. saw a slight increase in its stock price, opening at $134.2 and closing at $134.5, just 0.1% higher than the prior closing price of 134.4. This slight dip in Westpac’s holdings does not appear to have had a major effect on the company’s stock price, as shares remain relatively unchanged compared to the start of the day. LIFE STORAGE continues to be a well-known provider of self storage solutions and has many loyal customers who have relied on their services to store extra possessions and items they may not have the space for in their homes. Despite the slight reduction in Westpac’s stake in LIFE STORAGE, it appears that their services and commitment to providing the best storage solutions remain a priority and will continue to be an important factor in their success. 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 |
| 990.95 | 358.13 | – |
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 |
| 7.39k | 3.56k | 42.61 |
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 |
| – | – | 46.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
After analyzing LIFE STORAGE‘s fundamentals, GoodWhale has concluded that it is a medium risk investment. Specifically, our Risk Rating places LIFE STORAGE at the mid-level in terms of financial and business risk. Before deciding to invest in the company, investors should take into account that GoodWhale has identified one risk warning in the company’s balance sheet. To view this warning and all available information on LIFE STORAGE, register on goodwhale.com. 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
Life Storage, Inc. has seen a decrease in its shareholdings by Westpac Banking Corp by 3.8% in the fourth quarter. Investors should be conscious of this shift when considering investing in the company and further investigate any potential risks or opportunities it might present. It is also important to take into account any broader economic and industry trends when analysing the stock.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
