Life Storage (LSI) Tops Q2 EPS by 3c

Life Storage (NYSE: LSI) reported Q2 EPS of $0.84, $0.03 better than the analyst estimate of $0.81.

“The solid contribution of the legacy Life Storage stores to the same store pool, the resilience of the fundamentals in a number of our key markets, and our growing joint venture and third-party management initiatives is very encouraging,” commented CEO David Rogers. “We’re also excited about the successful launch of Rent Now and further penetration into our commercial customer base. Our focus on consistently strengthening our platforms, supported by our strong balance sheet, provides us with the ability to grow long-term shareholder value,” concluded Mr. Rogers.

For earnings history and earnings-related data on Life Storage (LSI) click here.

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