Headquarters: Williamsville, NY, United States
CEO: Mr. Joseph V. Saffire
USD as of April 1, 2022
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.
Life Storage is a real estate investment trust headquartered in Williamsville, New York that invests in self storage units. The company was previously known as Sovran Self Storage and Uncle Bob's Self Storage. As of December 31, 2019, the company owned interests in and/or operated 854 locations. It is the 4th largest owner of self storage units in the United States and the 4th largest self storage property manager. In addition to its standard rental storage units, the company also offers units with climate control and its Dri-guard dehumidification system. There are also larger units for items like boats, cars, and other large property. Most facilities offer a variety of amenities and features, keypad security systems that restrict floor access to approved users or property access to customers only, security systems that monitor activity on the facility grounds, free truck use, and moving and storage merchandise. Some facilities also offer individual door alarms, intercom systems, and conference rooms for business meetings.
Source: Wikipedia, retrieved on March 31, 2022, 9:01 p.m.
Mark G. Barberio, Chairman Joseph V. Saffire, CEO Andrew J. Gregoire, CFO Edward F. Killeen, COO
Revenue: $574 million (2019)
Net income: $260 million (2019)
Total assets: $4.232 billion (2019)
Total equity: $2.132 billion (2019)