Life Storage (LSI) Reports In-Line Q3 EPS; Raises FFO Guidance

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Go back to Life Storage (LSI) Reports In-Line Q3 EPS; Raises FFO Guidance

Life Storage, Inc. Reports Third Quarter 2018 Results; Increases FFO Guidance

October 31, 2018 4:10 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE: LSI), a leading national owner and operator of self storage properties, reported operating results for the quarter ended September 30, 2018.

The Company achieved net income attributable to common shareholders in the third quarter of 2018 of $41.1 million or $0.88 per fully diluted common share. This compares to net income attributable to common shareholders of $35.5 million in the third quarter of 2017, or $0.76 per fully diluted common share.

Funds from operations (FFO)(1) for the quarter was $1.46 per fully diluted common share compared to $1.34 for the same... More