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 Video: What is a Stock Split?
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| Life Storage is a self-administered and self-managed real estate company that acquires, owns and manages self-storage properties. Co. refers to the self-storage properties in which Co. has an ownership interest, lease, and/or are managed by Co. as Properties. Co. has an ownership interest in and/or manages self-storage properties in various states and the District of Columbia. Co.'s Properties in the U.S. conduct business under the name Life Storage®. Co. owns a direct or indirect interest in the Properties through its subsidiary, Life Storage LP, which includes wholly-owned properties and properties owned by unconsolidated joint ventures. According to our LSI split history records, LSI has had 3 splits. | |
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LSI (LSI) has 3 splits in our LSI split history database. The first split for LSI took place on June 22, 1995. This was a 2 for 1
split, meaning for each share of LSI owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. LSI's second split took place on February 17, 2000. This was a 2 for 1
split, meaning for each share of LSI owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. LSI's third split took place on January 28, 2021. This was a 3 for 2 split, meaning for each 2 shares of LSI owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 6000 share position following the split.
When a company such as LSI splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the LSI split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LSI shares, starting with a $10,000 purchase of LSI, presented on a split-history-adjusted basis factoring in the complete LSI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
07/19/2023 |
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| Start price/share: |
$50.41 |
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| End price/share: |
$133.10 |
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| Starting shares: |
198.37 |
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| Ending shares: |
280.64 |
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| Dividends reinvested/share: |
$26.41 |
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| Total return: |
273.53% |
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| Average Annual Total Return: |
16.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$37,347.70 |
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| Years: |
8.79 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
07/19/2023 |
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| Start price/share: |
$50.41 |
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| End price/share: |
$133.10 |
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| Dividends collected/share: |
$26.41 |
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| Total return: |
216.43% |
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| Average Annual Total Return: |
14.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$31,645.93 |
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| Years: |
8.79 |
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| Date |
Ratio |
| 06/22/1995 | 2 for 1
| | 02/17/2000 | 2 for 1
| | 01/28/2021 | 3 for 2 |
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