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Self-Storage REITs Post Double-Digit Returns in 2012


Self-storage was among the top-performing market sectors of all U.S. real estate investment trusts (REITs) in 2012 but dropped from the leading position it held in 2011, according to results released by the National Association of Real Estate Investment Trusts (NAREIT). The sector posted a 19.94 percent total return last year, down from 35.22 the year prior.

The four publicly traded U.S. self-storage REITs are CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.

By comparison, the Timber sector lead all REITs in 2012 with a 37.05 percent total return, followed by Industrial (31.28 percent), Infrastructure (29.91) and Retail (26.74).

Self-storage posted a total return of 3.87 percent in December, ranking seventh out of the 19 markets tracked by NAREIT. Industrial posted the top return of 7.1 percent during the period, followed by the Lodging/Resorts (6.68 percent) and Diversified (5.95 percent) sectors.

Taken as a whole, U.S. REIT stocks outperformed the broader equity market for the fourth consecutive year, according to NAREIT. The FTSE NAREIT All REITs Index, which includes both equity and mortgage REITs, delivered a 20.14 percent total return for the year, and the FTSE NAREIT All Equity REITs Index returned 19.70 percent compared to the S&P 500’s 16 percent gain.

FTSE is an independent company owned jointly by The Financial Times and the London Stock Exchange. The Index Series presents investors with a comprehensive family of real estate investment trust performance indexes spanning the commercial real estate space across the U.S. economy, offering exposure to all investment and property sectors.

NAREIT is the representative voice for REITs and publicly traded real estate companies.


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