Inside Self-Storage

Extra Space Storage Inc.

Extra Space Storage Announces First-Quarter 2013 Stock Dividend

The board of directors for Extra Space Storage Inc., a self-storage real estate investment trust, has declared a quarterly dividend of $0.25 per share on the common stock of the company for the first quarter 2013. ...More
February 25, 2013
Posted in News, Finance
Self-Storage REITs to Release 4Q 2012 Financial Results, Conference Calls Announced

The four U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.—have announced when and how they will reveal their earnings statements for the fiscal quarter that ended Dec. 31. ...More
February 6, 2013
Posted in News, Finance
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 ...More
January 8, 2013
Posted in News
East Penn Self Storage Acquires Extra Space Storage Facility in Pennsylvania

East Penn Self Storage recently acquired an Extra Space Storage facility in Quakertown, Pa. The facility is on Route 309 and includes 334 self-storage units and 41,700 square feet of storage space. The facility will undergo renovations and will be rebranded East Penn Self ...More
December 24, 2012
Posted in News, Real Estate
Dispelling Competition Myths: REITs Discuss the Advantages They Bring to the Self-Storage Market

In a recent series of interviews, Inside Self-Storage asked industry real estate investment trusts (REITs) to comment on the advantages they bring to independent self-storage operators. This article includes comments from CubeSmart, Extra Space Storage and Public Storage ...More
December 13, 2012
Posted in Articles, Management
Extra Space Rolls Out Centershift Self-Storage Software at 900-Plus Facilities

Self-storage real estate investment trust Extra Space Storage Inc. has implemented Centershift Inc.'s Storage Enterprise rental-management software at all of its 900-plus facilities. After significant analysis, the self-storage operator decided to use Centershift's ...More
December 6, 2012
Posted in News
Extra Space Uses Tetris Game to Encourage Efficient Self-Storage Packing

For self-storage customers who dread the thought of neatly fitting items into their rented units, Extra Space Storage Inc. has released an infographic encouraging them to imagine their goods as Tetris game pieces, thereby better fitting them in tight spaces. ...More
December 4, 2012
Posted in News
Being Managed by a Self-Storage REIT: Executives Discuss the Benefits, Challenges and Transition Process

If you're an independent self-storage owner, you may be weighing the decision to hire a real estate investment trust to professionally manage your asset. What are the benefits, and what can you expect in terms of cost and service? In this article, REIT executives provide ...More
December 3, 2012
Posted in Articles, Management
W. P. Carey Buys 3 Florida Self-Storage Facilities for $25M

Real estate investment trust (REIT) W. P. Carey Inc. has acquired three Florida self-storage facilities from Safeguard Self Storage for approximately $25 million. The purchase was made through CPA: 17 Global, one of W.P. Carey’s publicly held, non-traded REIT affiliates. ...More
November 30, 2012
Posted in News, Real Estate
Extra Space Storage Now Offering Budget Truck Rental

Self-storage real estate investment trust Extra Space Storage Inc. is partnering with Budget Truck Rental LLC to offer the company’s vehicles at select facilities across the United States. In addition, a number of Budget Truck Rental facilities will be outfitted with an ...More
November 26, 2012
Posted in News, Management

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