NGKF Capital Markets Q4 Self Storage REIT Report

NGKF Capital Markets Q4 Self Storage REIT Report
Posted: 3/24/2017 Link:
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The self storage sector delivered solid fourth-quarter performance with four of the five storage REITs beating estimates on the top-line and providing slightly better-than-expected guidance for 2017. Overall, fourth-quarter results were moderately better than expectations, which has provided buoyancy to the sector’s equity pricing and led to significant outperformance against the overall equity REIT universe during the last three weeks. The midpoint of combined 2017 guidance places the sector at the top of the REIT universe for 2017 expected performance.

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