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Life Storage Balance Sheet 2022-2007 | LSI
Brief balance sheet overview of Life Storage
This overview follows the five latest available annual observations between 2018 and 2022.
Assets rose from $3.9 billion to $7.4 billion, a gain of +89.8%, while CAGR was about 17.4%. The balance sheet expanded rapidly.
Liabilities followed the scale of the balance sheet: +96.8% versus +89.8% for assets. Leverage did not change materially.
The equity ratio is 49% versus 52.9% five periods ago. Capitalization remains workable.
Each unit of equity supports about 0.93x of net debt. The level is not critical, though flexibility is narrower.
Cash represents 0.3% of assets versus 0.3% initially, showing how the immediate liquidity reserve changed.
Conclusion
Life Storage's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet Life Storage
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.38 B | 2.64 B | 2.16 B | 1.96 B | 1.71 B | 1.73 B | 1.38 B | 745 M | 744 M | 568 M | 572 M | 618 M | - | - | - | - |
Long Term Debt |
3.41 B | 2.81 B | 2.21 B | 1.97 B | 1.73 B | 1.74 B | 1.4 B | 752 M | 752 M | 577 M | 579 M | 625 M | - | - | - | - |
Total Non Current Liabilities |
- | - | - | 1.92 B | 1.65 B | 1.64 B | 1.43 B | 786 M | 779 M | 598 M | 608 M | 636 M | - | - | - | - |
Total Liabilities |
3.56 B | 2.94 B | 2.32 B | 2.07 B | 1.81 B | 1.83 B | 1.75 B | 898 M | 865 M | 678 M | 743 M | 674 M | 528 M | 520 M | - | - |
Deferred Revenue |
- | - | - | 11.7 M | 9.19 M | 9.37 M | 9.7 M | 7.51 M | 7.29 M | 6.71 M | 6.42 M | 6.3 M | - | - | - | - |
Retained Earnings |
- | - | - | -238 M | -308 M | -328 M | -239 M | -172 M | -168 M | -162 M | -173 M | -170 M | - | - | - | - |
Total Assets |
7.39 B | 6.56 B | 4.73 B | 4.23 B | 3.89 B | 3.88 B | 3.86 B | 2.12 B | 1.85 B | 1.56 B | 1.48 B | 1.34 B | 1.19 B | 1.19 B | - | - |
Cash and Cash Equivalents |
24.4 M | 172 M | 54.4 M | 17.5 M | 13.6 M | 9.17 M | 23.7 M | 7.02 M | 8.54 M | 9.52 M | 7.26 M | 7.32 M | 5.77 M | 10.7 M | 4.49 M | 4.01 M |
Book Value |
3.82 B | 3.61 B | 2.4 B | 2.16 B | 2.08 B | 2.05 B | 2.11 B | 1.22 B | 989 M | 884 M | 741 M | 670 M | 657 M | 665 M | - | - |
Total Shareholders Equity |
3.62 B | 3.38 B | 2.38 B | 2.13 B | 2.06 B | 2.03 B | 2.09 B | 1.2 B | 976 M | 871 M | 729 M | 656 M | 632 M | 637 M | 492 M | 520 M |
All numbers in USD currency
Quarterly Balance Sheet Life Storage
| 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.43 B | - | 3.27 B | 3.11 B | 2.95 B | 2.81 B | 2.21 B | 2.35 B | 2.26 B | 2.21 B | 2.31 B | 2.07 B | 2.09 B | 1.97 B | 1.94 B | 1.89 B | 1.81 B | 1.73 B | 1.77 B | 1.75 B | 1.77 B | 1.74 B | 1.74 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
3.57 B | 3.56 B | 3.43 B | 3.24 B | 3.06 B | 2.94 B | 2.35 B | 2.47 B | 2.35 B | 2.32 B | 2.41 B | 2.16 B | 2.17 B | 2.07 B | 2.03 B | 1.97 B | 1.89 B | 1.81 B | 1.84 B | 1.83 B | 1.83 B | 1.83 B | 1.82 B | 1.82 B | 1.77 B | 1.75 B | 1.73 B | 1.27 B | 963 M | 898 M | 940 M | 908 M | 873 M | 865 M | 814 M | 815 M | 736 M | 678 M | 678 M | 687 M | 698 M | 743 M | 658 M | 698 M | 679 M | 674 M | 708 M | 546 M | 526 M | 521 M | 517 M |
Total Assets |
7.38 B | 7.39 B | 7.25 B | 6.97 B | 6.76 B | 6.56 B | 5.66 B | 5.2 B | 4.93 B | 4.73 B | 4.69 B | 4.31 B | 4.34 B | 4.23 B | 4.19 B | 4.03 B | 3.96 B | 3.89 B | 3.87 B | 3.86 B | 3.87 B | 3.88 B | 3.88 B | 3.89 B | 3.86 B | 3.86 B | 3.85 B | 3.43 B | 2.45 B | 2.12 B | 2.11 B | 2.04 B | 1.98 B | 1.85 B | 1.78 B | 1.74 B | 1.64 B | 1.56 B | 1.52 B | 1.5 B | 1.5 B | 1.48 B | 1.4 B | 1.38 B | 1.35 B | 1.34 B | 1.34 B | 1.18 B | 1.18 B | 1.18 B | 1.18 B |
Cash and Cash Equivalents |
32.8 M | 24.4 M | 22.5 M | 32.6 M | 50.2 M | 172 M | 136 M | 29.9 M | 13.9 M | 54.4 M | 110 M | 9.52 M | 20.7 M | 17.5 M | 16.4 M | 46.1 M | 8.88 M | 13.6 M | 13.3 M | 7.33 M | 7.78 M | 9.17 M | 6.1 M | 8 M | 4.82 M | 23.7 M | 16.1 M | 902 M | 6.37 M | 7.02 M | 6.07 M | 6.62 M | 10.3 M | 8.54 M | 7.48 M | 6.96 M | 6.26 M | 9.52 M | 9.66 M | 9.64 M | 6.92 M | 7.26 M | 5.42 M | 7.46 M | 13.4 M | 7.32 M | 6.57 M | 7.69 M | 4.86 M | 31.9 M | 28 M |
Book Value |
3.8 B | 3.82 B | 3.82 B | 3.73 B | 3.7 B | 3.61 B | 3.31 B | 2.73 B | 2.58 B | 2.4 B | 2.28 B | 2.16 B | 2.17 B | 2.16 B | 2.16 B | 2.07 B | 2.07 B | 2.08 B | 2.03 B | 2.03 B | 2.04 B | 2.05 B | 2.06 B | 2.07 B | 2.09 B | 2.11 B | 2.12 B | 2.16 B | 1.49 B | 1.22 B | 1.17 B | 1.14 B | 1.11 B | 989 M | 968 M | 925 M | 907 M | 884 M | 845 M | 811 M | 797 M | 741 M | 739 M | 685 M | 671 M | 670 M | 632 M | 638 M | 656 M | 659 M | 662 M |
Total Shareholders Equity |
3.57 B | 3.62 B | 3.61 B | 3.52 B | 3.47 B | 3.38 B | 3.18 B | 2.69 B | 2.55 B | 2.38 B | 2.25 B | 2.13 B | 2.15 B | 2.13 B | 2.14 B | 2.04 B | 2.05 B | 2.06 B | 2.01 B | 2.01 B | 2.02 B | 2.03 B | 2.04 B | 2.05 B | 2.07 B | 2.09 B | 2.1 B | 2.14 B | 1.46 B | 1.2 B | 1.15 B | 1.12 B | 1.09 B | 976 M | 953 M | 910 M | 892 M | 871 M | 830 M | 798 M | 785 M | 729 M | 728 M | 668 M | 654 M | 656 M | 620 M | 624 M | 629 M | 633 M | 637 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Life Storage, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit industrial
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|---|---|---|---|---|---|
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