Life Storage (LSI) Misses Q1 EPS by 1c

Life Storage (NYSE: LSI) reported Q1 EPS of $0.88, $0.01 worse than the analyst estimate of $0.89.

• Achieved funds from operations (“FFO”)(1) per fully diluted common share of $1.44, a 33.3% increase over the same period in 2021.
• Increased same store revenue by 15.6% and same store net operating income (“NOI”)(2) by 21.9%, year-over-year.
• Acquired 18 stores for $351.5 million, including one store from the Company’s third-party management platform.
• Added 25 stores (gross) to the Company’s third-party management platform.

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

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