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Stock impact report

Life Storage, Inc. Reports First Quarter 2018 Results; Raises Same Store Outlook for 2018

Life Storage, Inc. (LSI) 
Last life storage, inc. earnings: 2/19 04:30 pm Check Earnings Report
US:NYSE Investor Relations: invest.lifestorage.com
Company Research Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE:LSI) a leading national owner and operator of self storage facilities, reported operating results for the quarter ended March 31, 2018. The Company achieved net income attributable to common shareholders in the first quarter of 2018 of $33.9 million or $0.73 per fully diluted common share. This compares to net income attributable to common shareholders of $20.4 million in the first quarter of 2017, or $0.44 per fully diluted common share. Funds from operations (“FFO”)(1) for the quarter were $1.27 per fully diluted common share compared to $1.26 for the same period last year. Absent $1.1 million of costs related to changes to the Company’s Board of Directors and other proxy matters in the first quarter of 2018, adjusted FFO per fully diluted common share was $1.30 and $1.26 for the quarters ended March 31, 2018 and 2017, respectively. Show less Read more
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