Lsi Corporation (LSI) Misses Q1 EPS by 4c

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Life Storage, Inc. Reports First Quarter 2017 Results

May 3, 2017 4:06 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE: LSI) a self storage real estate investment trust (REIT), reported operating results for the quarter ended March 31, 2017.

The Company had earnings in the first quarter of 2017 of $20.4 million or $0.44 per fully diluted common share. This compares to earnings of $28.3 million in the first quarter of 2016, or $0.73 per fully diluted common share.

Funds from operations for the quarter were $1.26 per fully diluted common share compared to $1.16 for the same period last year. Absent $2.4 million of acquisition related costs in the first quarter of... More