|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||135.05 - 136.35|
|52 Week Range||100.66 - 154.45|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||47.88|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||4.32 (3.43%)|
|Ex-Dividend Date||Jul 14, 2022|
|1y Target Est||144.73|
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Self-storage company Life Storage (NYSE: LSI) recently issued its second-quarter financial, putting up results that display the rock-solid fundamentals that self-storage stocks have to offer. Life Storage expanded by acquiring 13 new stores during the quarter, and it looks to continue its acquisition strategy over the long run. Here's why you should own shares of this real estate investment trust (REIT).
Real estate investing has long been a proven path to prosperity, but it also can involve a lot of upfront investment and then time and/or money spent on managing those assets. Then there's passive income, the cash flow you receive for your investments that requires nothing more from you than owning the assets. Real estate investment trusts (REITs) are a particularly easy way to reap those benefits.
The McKinley Park Inn has been sold to Life Storage Inc., which will convert the property into a climate-controlled self storage center. Liberatore Management Group II LLC had owned the property. The deal is part of a $13 million project Life Storage has planned there with 111,000 square feet of self-storage space and about 850 units.