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3Q17 Self Storage REIT Report

3Q17 Self Storage REIT Report
Posted: 12/8/2017 Link: NGKF.com
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Same store operating performance remained positive for the sector in the third quarter of 2017, as non-weighted same store NOI growth was just under 3.7%, while non-weighted same store revenue grew 3.5%. This compares positively to the entire REIT universe, which delivered 3.2% average same store NOI growth for the quarter. Revenue performance continues to support the thesis that the normalization of operating metrics has stabilized, and 2018 estimates support this as well. The stabilization in operating metrics also led to a nearly 5% increase in the sector’s market value during third-quarter 2017.

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