4Q17 Self Storage REIT Report

Posted: 4/9/2018
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Same store operating performance for the self storage sector remained positive in the fourth quarter of 2017, as non-weighted NOI growth was just under 3.9%, while non-weighted same store revenue grew 3.5%. This compares positively with the entire REIT universe, which delivered 2.6% average same store NOI growth for the quarter. As has been the case throughout 2017, revenue performance continues to indicate that operating metrics have stabilized, and 2018 estimates support this as well. This dynamic is clearer given that all five publically traded self storage REITs reported positive same store revenue and NOI growth.

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