The self-storage real estate investment trusts (REITs) are among the five most inefficient companies in the specialized REITs industry, according to Comtex SmarTrend.

August 19, 2010

1 Min Read
Self-Storage REITs Inefficient Based on Revenue Per Employee, SmarTrend Says

The self-storage real estate investment trusts (REITs) are among the five most inefficient companies in the specialized REITs industry, according to Comtex SmarTrend. The analysis is based on revenue per employee, a measure used by analysts to compare the productivity of companies in the same industry.
 
According to SmarTrend, Extra Space Storage is the least efficient, which an RPE of $139K. Sovran Self Storage ranks second at $184K, with U-Store-It Trust and Public Storage Inc. following at $227K and $331K, respectively. The fifth company on the list is Cogdell Spencer, with an RPE of $435K.

Regardless, SmarTrend is bullish on shares of Public Storage. Its subscribers were alerted to buy on July 13 at $94.69. The stock has risen 7.2 percent since the alert was issued.
 
Source: Comtex Smartrend, Extra Space Storage is Among the Companies in the Specialized REITs Industry With the Lowest Level of Efficiency (EXR, SSS, YSI, PSA, CSA)

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