LSI Corp. (LSI) Misses Q3 FFO by 4c

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Life Storage, Inc. Reports Third Quarter Results

November 2, 2016 4:18 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE: LSI) (formerly Sovran Self Storage, Inc.), a self storage real estate investment trust (REIT), reported operating results for the quarter ended September 30, 2016.

The Company incurred a loss for the third quarter of 2016 of $4.7 million or $0.10 per fully diluted common share. This compares to net income of $31.5 million in the third quarter of 2015, or $0.88 per fully diluted common share. The loss in the third quarter of 2016 was attributable to one time transaction expenses associated with the Companys acquisition of LifeStorage, L.P. and the related... More