Life Storage, Inc. Reports Fourth Quarter and Full Year 2020 Results
BUFFALO, N.Y.--(BUSINESS WIRE)--Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, reported operating results for the quarter and year ended December 31, 2020. All share and per share information has been retrospectively adjusted to reflect the January 2021 three-for-two stock split made in the form of a 50% stock dividend.
Highlights for the Fourth Quarter Included:
Generated net income attributable to common shareholders of $41.6 million, or $0.57 per fully diluted common share.
Achieved adjusted funds from operations (“FFO”)(1) per fully diluted common share of $1.07, an 11.5% increase over the same period in 2019.
Increased sa
