Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Life Storage Inc's Business Segments
Life Storage Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
-
Largest Segment
-
Total Revenue
$ 107
Regions Reported
-
Life Storage Inc does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Tenant reinsurance7.4%
- Other operating income4.7%
- Management and Acquisition Fee Income2.5%
- Other Operating Income2.2%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Tenant reinsurance | $ 20 | 7.4% |
| Other operating income | $ 13 | 4.7% |
| Management and Acquisition Fee Income | $ 7 | 2.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
1 more categories available
Sign in to unlock the full Life Storage Inc dataset.
Description of Life Storage Inc
The Company is a self-administered and self-managed real estate company that acquires,
owns and manages self-storage properties. We refer to the self-storage properties
in which we have an ownership interest, lease, and/or are managed by us as “Properties.”
We began operations on June 26, 1995. We were formed to continue the business
of our predecessor company, which had engaged in the self-storage business since
1985.
Life Storage Inc. is a prominent self-storage company that operates across the United States. The company provides a variety of storage solutions tailored to meet the diverse needs of individuals, businesses, and organizations. Below, I will detail the segments, products, and services offered by Life Storage Inc.
Segments
1. Residential Storage:
- Life Storage primarily caters to individuals seeking extra space for household items, seasonal belongings, or during transition periods, such as moving or downsizing.
- The residential segment often includes college students needing short-term storage during summer breaks.
2. Commercial Storage:
- This segment targets businesses that require storage for inventory, equipment, or document archiving.
- Solutions are tailored for small businesses, contractors, and larger organizations needing flexible storage options.
3. Vehicle Storage:
- Life Storage provides storage facilities for various types of vehicles, including cars, boats, RVs, and motorcycles, catering to the needs of vehicle owners with limited parking space.
4. Climate-Controlled Storage:
- Recognizing that certain items require specific environmental conditions, Life Storage offers units with climate control to protect sensitive items such as electronics, artwork, and important documents from extreme temperatures and humidity.
Products
1. Storage Units:
- Life Storage offers a wide range of storage unit sizes, from small 5x5 units ideal for a few boxes to large 10x30 units capable of storing furniture for an entire home.
- Units are available in various configurations, including standard and climate-controlled options.
2. Accessibility:
- Facilities are typically designed for easy access, with drive-up units allowing customers to load and unload with convenience.
- Many locations feature extended access hours, and some offer 24-hour access for added convenience.
3. Security Features:
- Life Storage employs a variety of security measures, including gated access, surveillance cameras, and individual unit alarms, providing peace of mind for customers storing their belongings.
4. Moving and Packing Supplies:
- The company sells a range of packing supplies, including boxes, tape, bubble wrap, and furniture covers, making it a one-stop shop for customers preparing to store items.
- They may also offer moving trucks or partnerships with local moving companies to facilitate the moving process.
Services
1. Online Reservations and Payment:
- Life Storage provides the ability to reserve storage units and pay bills online, enhancing customer convenience and streamlining the management process.
2. Flexible Lease Terms:
- The company offers month-to-month rentals, allowing for flexibility without the need for long-term commitments, making it ideal for short-term and long-term storage needs.
3. Curbside Pickup:
- Some locations may provide curbside assistance, allowing customers to drop off items without needing to navigate through the facility.
4. Business Solutions:
- Life Storage offers tailored solutions for businesses, including package acceptance, document storage, and inventory management, aimed at supporting operational efficiency.
5. Insurance Options:
- To further protect customers belongings, Life Storage offers various insurance options to cover potential damage or loss while stored.
6. Referral Programs and Discounts:
- The company often has referral programs and promotional discounts for new customers, rewarding existing customers for recommending their services to others.
Conclusion
Overall, Life Storage Inc. encompasses a broad spectrum of storage solutions designed to accommodate the specific needs of both residential and commercial customers. By providing a range of product offerings and services, Life Storage positions itself as a versatile option for anyone seeking additional space, whether for personal or business use. Their commitment to convenience, security, and flexibility has established them as a significant player in the self-storage industry.
Segments
1. Residential Storage:
- Life Storage primarily caters to individuals seeking extra space for household items, seasonal belongings, or during transition periods, such as moving or downsizing.
- The residential segment often includes college students needing short-term storage during summer breaks.
2. Commercial Storage:
- This segment targets businesses that require storage for inventory, equipment, or document archiving.
- Solutions are tailored for small businesses, contractors, and larger organizations needing flexible storage options.
3. Vehicle Storage:
- Life Storage provides storage facilities for various types of vehicles, including cars, boats, RVs, and motorcycles, catering to the needs of vehicle owners with limited parking space.
4. Climate-Controlled Storage:
- Recognizing that certain items require specific environmental conditions, Life Storage offers units with climate control to protect sensitive items such as electronics, artwork, and important documents from extreme temperatures and humidity.
Products
1. Storage Units:
- Life Storage offers a wide range of storage unit sizes, from small 5x5 units ideal for a few boxes to large 10x30 units capable of storing furniture for an entire home.
- Units are available in various configurations, including standard and climate-controlled options.
2. Accessibility:
- Facilities are typically designed for easy access, with drive-up units allowing customers to load and unload with convenience.
- Many locations feature extended access hours, and some offer 24-hour access for added convenience.
3. Security Features:
- Life Storage employs a variety of security measures, including gated access, surveillance cameras, and individual unit alarms, providing peace of mind for customers storing their belongings.
4. Moving and Packing Supplies:
- The company sells a range of packing supplies, including boxes, tape, bubble wrap, and furniture covers, making it a one-stop shop for customers preparing to store items.
- They may also offer moving trucks or partnerships with local moving companies to facilitate the moving process.
Services
1. Online Reservations and Payment:
- Life Storage provides the ability to reserve storage units and pay bills online, enhancing customer convenience and streamlining the management process.
2. Flexible Lease Terms:
- The company offers month-to-month rentals, allowing for flexibility without the need for long-term commitments, making it ideal for short-term and long-term storage needs.
3. Curbside Pickup:
- Some locations may provide curbside assistance, allowing customers to drop off items without needing to navigate through the facility.
4. Business Solutions:
- Life Storage offers tailored solutions for businesses, including package acceptance, document storage, and inventory management, aimed at supporting operational efficiency.
5. Insurance Options:
- To further protect customers belongings, Life Storage offers various insurance options to cover potential damage or loss while stored.
6. Referral Programs and Discounts:
- The company often has referral programs and promotional discounts for new customers, rewarding existing customers for recommending their services to others.
Conclusion
Overall, Life Storage Inc. encompasses a broad spectrum of storage solutions designed to accommodate the specific needs of both residential and commercial customers. By providing a range of product offerings and services, Life Storage positions itself as a versatile option for anyone seeking additional space, whether for personal or business use. Their commitment to convenience, security, and flexibility has established them as a significant player in the self-storage industry.