Life Storage Inc reports results for the quarter ended in March - Earnings Summary

Life Storage

05/05/2022 17:50

* Life Storage Inc  LSI.N  reported quarterly adjusted
earnings of
88 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
89 cents per share.
    * Revenue rose 35.8% to $233.49 million from a year ago; 
analysts
expected $229.99 million. 
    * Life Storage Inc's reported EPS for the quarter was 88
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Life Storage Inc shares had fallen by 6.2% this
quarter and
lost 14.0% so far this year.
    * The company reported quarterly net income of $73.58
million.
    * Wall Street's median 12-month price target for Life
Storage Inc
is $151.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 04:50 p.m.  ​All
figures in US dollars unless otherwise stated