Life Storage, Inc. (NYSE:LSI) reported strong Q4 results, with revenue coming in at $221.16 million, compared to the Street estimate of $218.57 million. The company expects a full 2022-year FFO in the range of $5.93-$6.03, implying another year of strength.

According to the analysts at Berenberg Bank, the company continues to execute in a favorable environment, achieving occupancy and rate growth above their estimates.

The analysts continue to believe that the company is set up to execute in markets of high growth and that the market is underestimating the true demand profile from businesses for self-storage.