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Life Storage Inc. Q3 adjusted earnings Beat Estimates

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

The company's profit came in at $41.12 million, or $0.88 per share. This compares with $35.50 million, or $0.76 per share, in last year's third quarter.

Excluding items, Life Storage Inc. reported adjusted earnings of $67.60 million or $1.45 per share for the period.

Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.4% to $141.48 million from $135.57 million last year.

Life Storage Inc. earnings at a glance:

-Earnings (Q3): $67.60 Mln. vs. $64.78 Mln. last year.
-EPS (Q3): $1.45 vs. $1.39 last year.
-Analysts Estimate: $0.88
-Revenue (Q3): $141.48 Mln vs. $135.57 Mln last year.

-Guidance:
Next quarter EPS guidance: $ 5.46 - $ 5.52
Full year EPS guidance: $ 1.35 - $ 1.39

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