Life Storage (LSI) Releases Earnings Results, Beats Estimates By $0.03 EPS
Life Storage (NYSE:LSI) issued its earnings results on Wednesday. The real estate investment trust reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03, Bloomberg Earnings reports. Life Storage had a return on equity of 4.65% and a net margin of 17.79%. The company had revenue of $133.08 million for the quarter, compared to analyst estimates of $133.46 million. During the same period in the prior year, the firm earned $1.31 earnings per share. Life Storage’s revenue for the quarter was up 3.4% on a year-over-year basis. Life Storage updated its Q1 guidance to $1.24-1.28 EPS and its FY18 guidance to $5.33-5.43 EPS.
Shares of Life Storage (NYSE LSI) traded up $0.71 during trading on Thursday, hitting $78.74. The stock had a trading volume of 52,519 shares, compared to its average volume of 431,668. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.75. The stock has a market cap of $3,625.68, a price-to-earnings ratio of 38.91, a PEG ratio of 3.11 and a beta of 0.52. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Friday, January 12th. Life Storage’s dividend payout ratio is presently 199.01%.
About Life Storage
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.
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