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Self Storage Market Overview

Self Storage Market Overview
Posted: 5/14/2018 Link: MJPartners.com
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First Quarter Results

  • The self storage REITs reported positive gains in revenues and net operating income during the first quarter, albeit at a decelerating pace. New supply continues to present headwinds in select markets challenging REITs to balance occupancy, rental rates and discounts to drive revenue growth.
  • The self storage REITs generated same-store revenue growth in the first quarter ranging from 2.1% to 5.2%.
  • Net operating income of same-store pools in the first quarter range from 1.7% to 4.5%.

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