- Life Storage press release ( NYSE: LSI ): Q4 FFO of $1.69 beats by $0.05 .
- Revenue of $274.68M (+24.2% Y/Y) beats by $10.79M .
- Increased same store revenue by 11.8% and same store net operating income by 13.3%, year-over-year.
- Year 2023 Earnings Guidance : Same-store revenue growth range 4.00%-5.50%; FFO per share $6.75 - $6.95 (vs. consensus $6.90); Earnings per share attributable to common shareholders - diluted of $4.42 - $4.62.
- Q1 Guidance : FFO per share $1.55 - $1.59 vs. consensus $1.60; Earnings per share attributable to common shareholders - diluted of $0.96 - $1.00
For further details see:
Life Storage beats Q4 top and bottom line estimates; initiates Q1 and FY23 outlook