Life Storage Inc. Bottom Line Advances In Q1

(RTTNews) - Life Storage Inc. (LSI) announced a profit for its first quarter that increased from the same period last year.

The company's profit came in at $34.45 million, or $0.74 per share. This compares with $33.89 million, or $0.73 per share, in last year's first quarter.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $136.552 million from $133.09 million last year.

Life Storage Inc. earnings at a glance:

-Earnings (Q1): $34.45 Mln. vs. $33.89 Mln. last year. -EPS (Q1): $0.74 vs. $0.73 last year. -Analysts Estimate: $0.83 -Revenue (Q1): $136.552 Mln vs. $133.09 Mln last year.