LSI Life Storage Inc.

Life Storage, Inc. Announces Tax Reporting Information for 2022 Distributions

. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today the tax allocations of the Company’s 2022 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows:

Record

Date

Payable

Date

Total

Distribution

per Share

Ordinary

Dividend

(Box 1a)

Total

Capital Gain

(Box 2a)

Unrecaptured Section

1250

Gain(1)

(Box 2b)

Section 897

Capital

Gain(2)

(Box 2f)

Section

199A

Dividend(3)

(Box 5)

1/14/2022

1/26/2022

$1.00

$1.000000

$0.000000

$0.000000

$0.000000

$1.000000

4/14/2022

4/26/2022

$1.00

$1.000000

$0.000000

$0.000000

$0.000000

$1.000000

7/15/2022

7/26/2022

$1.08

$1.080000

$0.000000

$0.000000

$0.000000

$1.080000

10/14/2022

10/26/2022

$1.08

$1.080000

$0.000000

$0.000000

$0.000000

$1.080000

 

 

$4.16

$4.160000

$0.000000

$0.000000

$0.000000

$4.160000

(1)

Amounts in Box 2b are included in Box 2a.

(2)

Amounts in Box 2f are included in Box 2a.

(3)

Amounts in Box 5 are included in Box 1a.

Stockholders are encouraged to consult their personal tax advisor with regard to their specific tax treatment of dividends.

ABOUT 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 1,100 storage facilities in 37 states and the District of Columbia. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to more than 675,000 customers, making it a leader in the industry. For more information visit .

EN
18/01/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Life Storage Inc.

Moody's withdraws LIFE STORAGE's Baa2 ratings due to insufficient info...

Moody's Investors Service ("Moody's") has withdrawn the Baa2 issuer rating, Baa2 senior unsecured rating and (P)Baa2 senior unsecured shelf rating of LIFE STORAGE LP, the main operating subsidiary of Life Storage, Inc. The stable outlook has also been withdrawn.   Withdrawals: ..Issuer: LIFE STOR...

 PRESS RELEASE

Life Storage Mourns the Sudden Passing of Alexander Gress, Chief Finan...

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE: LSI) (“the Company”), a self-storage real estate investment trust (REIT), today announced with great sadness that Alexander Gress, the Company’s Chief Financial Officer, passed away unexpectedly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. “We are shocked by the tragic passing of Alex Gress,” said Joseph Saffire, the Company’s Chief Executive Officer. “Alex was a tremendous leader and brilliant financial mind who demonstrated incredible integrity, passion and commitment to his colle...

 PRESS RELEASE

Life Storage, Inc. Announces Dividend on Common Stock

BUFFALO, N.Y.--(BUSINESS WIRE)-- The Board of Directors of (NYSE: LSI) (“the Company”), a self-storage real estate investment trust (REIT), today announced a dividend of $0.90 per share of common stock, as permitted by the terms of the merger agreement the Company entered into with Extra Space Storage Inc. (NYSE: EXR). The dividend will be paid on July 19, 2023 to Life Storage shareholders of record as of July 13, 2023. Life Storage continues to expect to complete the transaction with Extra Space Storage by the end of July 2023, subject to the approval of Extra Space Storage and Life Storag...

Life Storage Inc: 2 directors

Two Directors at Life Storage Inc sold after exercising options/sold 7,661 shares at between 127.762USD and 131.033USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all t...

 PRESS RELEASE

Life Storage, Inc. Reports First Quarter 2023 Results

BUFFALO, N.Y.--(BUSINESS WIRE)-- . (NYSE:LSI), a leading national owner and operator of self-storage properties, reported operating results for the quarter ended March 31, 2023. Highlights for the First Quarter Included: Generated net income attributable to common shareholders of $81.6 million, or $0.96 per fully diluted common share. Achieved adjusted funds from operations (“FFO”)(1) per fully diluted common share of $1.63, a 13.2% increase over the same period in 2022. Increased same store revenue by 10.5% and same store net operating income (“NOI”)(2) by 12.8%, year-over-year. ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch