Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Life Storage's Pre-Tax Income for the
three
months ended in Mar. 2023 was $83 Mil. Life Storage's Revenue for the
three
months ended in Mar. 2023 was $261 Mil. Therefore, Life Storage's pretax margin for the quarter that ended in Mar. 2023 was 31.93%.
The historical rank and industry rank for Life Storage's Pretax Margin % or its related term are showing as below:
LSI'
s Pretax Margin % Range Over the Past 10 Years
Min: 19.84 Med: 31.45 Max: 47.66
Current: 36.38
LSI's Pretax Margin % is not ranked
in the REITs industry.
Industry Median: 33.16
vs LSI: 36.38
Life Storage Pretax Margin % Historical Data
The historical data trend for Life Storage's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Life Storage's Pretax Margin %
For the REIT - Industrial subindustry, Life Storage's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Life Storage's Pretax Margin % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Life Storage's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Life Storage's Pretax Margin % falls into.
Life Storage Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Life Storage's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Life Storage (NYSE:LSI) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Life Storage Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Life Storage's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Life Storage Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company's revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company's operations in rental income from customers renting storage space on a month-to-month basis generate a majority of operating revenue. The company also offers storage to both individuals of commercial renters and has special storage units available for vehicles and wine.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSI has been successfully added to your 