Life Storage, Inc.: Business Overview, Financials & Competitive Analysis
Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was a...
Get the Latest Life Storage, Inc. Report
Up-to-date AI-powered research, analyst debate audio & saved-company playlists
Get Current Report FreeLife Storage, Inc. Overview
Pro stress-test →Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was acquired by Extra Space Storage in September 2023 and is no longer independently traded.
Strategic Profile
Pro stress-test →Prior to acquisition, Life Storage was the 4th largest self-storage company in the U.S. and led the industry in growth for several years. The company operated more than 1,200 storage facilities in 37 states and the District of Columbia. Founded in 1982, it evolved from a financial planning firm to become one of the largest self-storage operators.
Competitive Landscape
Pro stress-test →Before acquisition, Life Storage competed in the self-storage REIT sector alongside Public Storage, Extra Space Storage, CubeSmart, and Cube Self Storage. The company was positioned as the 4th largest operator by facility count, differentiating through climate-controlled and specialized storage offerings.
Industry Context
Life Storage, Inc. operates in Self-Storage.
Key facts
Founded: 1982 · Headquarters: Williamsville, United States · Employees: Over 1,600 (pre-acquisition) · Revenue: Not available post-acquisition · Market cap: N/A - Delisted September 2023