Self-Storage REITs Release Financial Results for Second-Quarter 2016
Investing and Real EstateSelf-Storage REITs Release Financial Results for Second-Quarter 2016Self-Storage REITs Release Financial Results for Second-Quarter 2016
The four largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—have released financial statements for the quarter that ended June 30, 2016. In general, all four entities showed gains in key areas, particularly funds from operations (FFO) and net operating income (NOI), while also achieving increases in occupancy.
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