Plus   Neg

Life Storage Inc. Q2 adjusted earnings of $1.39 per share

Life Storage Inc. (LSI) reported earnings for its second quarter that climbed from last year.

The company's earnings totaled $39.27 million, or $0.84 per share. This compares with $19.36 million, or $0.42 per share, in last year's second quarter.

Excluding items, Life Storage Inc. reported adjusted earnings of $64.66 million or $1.39 per share for the period.

The company's revenue for the quarter rose 3.9% to $138.01 million from $132.78 million last year.

Life Storage Inc. earnings at a glance:

-Earnings (Q2): $64.66 Mln. vs. $61.64 Mln. last year.
-EPS (Q2): $1.39 vs. $1.33 last year.
-Revenue (Q2): $138.01 Mln vs. $132.78 Mln last year.

Next quarter EPS guidance: $1.40 - $1.44
Full year EPS guidance: $5.42 - $5.48

For comments and feedback contact: editorial@rttnews.com

Follow RTT