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Third Quarter Results from Newmark Grubb Knight Frank

Third Quarter Results from Newmark Grubb Knight Frank
Posted: 1/4/2017 Link: NGKF.com
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Once again, the self storage sector delivered the best same-store NOI growth across the entire REIT universe with an average of 5.7% growth, including CubeSmart’s 9.3%, which ranked fourth across all REITs. Results were mostly in line with expectations. However, there was a mixture of misses and beats, with the misses mostly coming from the top-line and guidance increases from CUBE and NSA. The market consensus remains that the sector will maintain its lead over all other REITs in underlying operating fundamentals.

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