The first quarter of 2017 marked another quarter of positive revenue and NOI same store metrics for the self storage sector. Non-weighted same store NOI growth was just over 6.4%, while non-weighted same store revenue grew 5%. In the context of the broader REIT universe, these operating metrics rank among the highest for all sectors. However, the market has come to expect not just market-leading operating fundaments but also fundamentals that trounce the other REIT sectors. Consequently, the self storage REIT stocks are priced to perfection, and a normalizing operating environment has led to a bifurcation between equity share prices and operating results. The midpoint of the combined 2017 consensus estimate places the sector at the top of the REIT universe for annual forecasted performance, with very few headwinds that would interfere with that outcome.