News

SkyView Advisors Self Storage REIT Report Q4 2016

SkyView Advisors Self Storage REIT Report Q4 2016
Posted: 3/24/2017 Link: SkyViewAdvisors.com
Share: print this article   Email A Friend   Share with Twitter   Share with Facebook   Share with LinkedIn   Share with Pinterest  

Self Storage REIT 4th quarter performance turned out to be slightly better than expected, with four of the five REITs beating revenue estimates. While there was a bit of a decline from Q3, performance is still strong in the self storage sector. The quarterly conference calls demonstrated some concerns over the impact that new supply will have on future rent growth expectations and occupancy levels. The widening gap between buyer and seller expectations was another topic discussed. “The gap between buyer and seller expectations began to widen rather abruptly in Q4 2016, and we’ve seen that trend continue in the first part of 2017,” states Jay Crotty, President of SkyView Advisors. Broadly speaking, self storage appears well positioned to continue to perform better than REITs in other sectors.

Download Full Report Here

Contact Us!