Life Storage, Inc. Reports Fourth Quarter and Full Year 2018 Results
Life Storage, Inc. (LSI)
Last life storage, inc. earnings: 2/19 04:30 pm
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US:NYSE Investor Relations:
invest.lifestorage.com
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Source: Business Wire
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 and year ended December 31, 2018. Highlights for the 4th Quarter Included: Achieved net income attributable to common shareholders of $92.3 million, or $1.98 per fully diluted common share. Achieved adjusted funds from operations (“FFO”)(1) per fully diluted common share of $1.38 as compared to $1.34 in the fourth quarter of 2017. Increased same store revenue by 3.0% and same store net operating income ("NOI")(2) by 4.1% as compared to the fourth quarter of 2017. Grew management and acquisition fees by 24.3% over the same period in 2017. Sold 12 mature properties to an unconsolidated joint venture in which the Company maintains a 2
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