Should You Invest in Life Storage Right Now?
Self-storage company Life Storage (NYSE: LSI) recently issued its second-quarter financial, putting up results that display the rock-solid fundamentals that self-storage stocks have to offer. Life Storage expanded by acquiring 13 new stores during the quarter, and it looks to continue its acquisition strategy over the long run. Here's why you should own shares of this real estate investment trust (REIT).
During the latest quarter, same-store revenue growth -- sales at stores owned for more than a year -- rose 19%. As a REIT, the company reports funds from operations, or FFO. FFO is like net income for a REIT, but adjusted for non-cash items like depreciation and amortization of intangible assets. During the quarter, adjusted FFO jumped by 37.5% to $1.65 per share.
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Source Fool.com
