Listed below are key First Quarter 2014 Financial results (Same Store Operations) for the top 4 self storage REITs. As a group, substantial growth was seen across the board compared to the same time period in 2013, with occupancy increasing by nearly 3%, same store sales revenues by 7%, and net income by 8%. The companies included in this group are Public Storage, ExtraSpace, Sovran Self Storage (Uncle Bob’s), and CubeSmart.
Leading the charge in Sales Improvement was Sovran Self Storage (Uncle Bob’s) with an increase of 8.3%. Occupancy levels improved the most for CubeSmart, rising by 4.6% to 89.5%. ExtraSpace improved their bottom line Net Income by 9.4%.
As a group, the self storage REITs had a very impressive First Quarter 2014 Financial Results. Perhaps it is time for you to consider investing in Self Storage. Go here to learn more about current Self Storage REIT opportunities.
This information was compiled by San Clemente Self Storage, the leading provider of storage units rental in the City of San Clemente since 1999. San Clemente Self Storage has over 700 self storage units, with numerous different shapes and sizes, that are perfect for storing personal or business items. If you are interested in getting self storage in San Clemente CA, give them a call today at 949-366-1133.