Life Storage (NYSE:LSI) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.38), MarketWatch Earnings reports. The company had revenue of $171.89 million for the quarter, compared to analyst estimates of $164.24 million. Life Storage had a return on equity of 7.09% and a net margin of 25.67%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share.
Shares of NYSE:LSI opened at $94.50 on Wednesday. The business has a fifty day simple moving average of $90.01 and a 200 day simple moving average of $82.06. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.02. Life Storage has a 1 year low of $55.11 and a 1 year high of $96.39. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 5.27 and a beta of 0.32.
The business also recently declared a quarterly dividend, which was paid on Monday, April 26th. Stockholders of record on Wednesday, April 14th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, April 13th. Life Storage’s dividend payout ratio is currently 52.67%.
Life Storage Company Profile
Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.
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