Inside Self-Storage

Public Storage Inc.

Self-Storage REITs Release 2011 Fourth-Quarter and Year-End Operating Results

The four publicly traded self-storage real estate investment trusts (REITs) released their fourth-quarter and overall operating results for 2011. CubeSmart, Extra Space Storage Inc., Sovran Self Storage Inc. and Public Storage Inc. all showed strong revenue growth. Also, ...More
March 2, 2012
Posted in News, Real Estate
Writer Anthony Haden-Guest Sues Public Storage Launches Campaign Blasting Self-Storage Industry

Well-known New York writer, artist and socialite Anthony Haden-Guest has begun a public campaign to complain about the legal procedures and customer service at self-storage facilities, particularly those of Public Storage Inc., and kicked off the campaign with a benefit ...More
February 20, 2012
Posted in News, Legal Issues
Public Storage to Reveal 4Q 2011 Earnings Via Conference Call

Public Storage, a self-storage real estate investment trust, will release its fourth-quarter 2011 earnings on Feb. 23. The results will be discussed during a live conference call on Feb. 24, 1 p.m. EST. The call can be accessed using the following information. ...More
February 7, 2012
Posted in News, Real Estate
Self-Storage REITs 2011 Overview: Acquisitions Dominate the Market, Expect More of the Same This Year

New self-storage construction may have come to a standstill, but acquisitions are on fire. After a couple of years of barely-there activity in the self-storage real estate market, 2011 was a banner year for buying and selling properties. While there were some modest ...More
January 13, 2012
Posted in Articles, Real Estate
Strategic Storage Property Management Names Ken Morrison President

Strategic Storage Property Management LLC, the property manager for real estate investment trust Strategic Storage Trust Inc., named Ken Morrison as its new president. Morrison will oversee the company’s growing portfolio. ...More
November 29, 2011
Posted in News, Management
Council Approves Mixed-Use Self-Storage Development in CA Despite Opposition From Public Storage

Despite opposition by Public Storage Inc., city council members in Pomona, Calif., last week approved plans to develop a mixed-use business center and self-storage facility on the grounds of Fairplex, where the annual L.A. County Fair is held. ...More
November 28, 2011
Posted in News, Development, Legal Issues
Self-Storage Real Estate Investment Trusts: Financial-Results Summary for Third Quarter 2011

The four publicly traded self-storage companies—CubeSmart, Extra Space Storage, Public Storage and Sovran Self Storage—recently released their financial results for the third quarter of 2011, addressing issues of revenue, net operating income (NOI), acquisitions, ...More
November 10, 2011
Posted in Galleries, Finance
Casino Self Storage in CA Sold for $10.5M to Public Storage

Casino Self Storage in Moorpark, Calif., sold to Public Storage, a self-storage real estate investment trust, for $10.5 million. The facility will be rebranded Public Storage. ...More
November 1, 2011
Posted in News, Real Estate
NAREIT: Self-Storage REITs Post 19 Percent Gain in First Seven Months of 2011

Self-storage real estate investment trusts (REITs) continue to lead the U.S. REIT market, according to new statistics released this week by the National Association of Real Estate Investment Trusts (NAREIT). The self-storage sector topped other REIT market sectors in the ...More
August 9, 2011
Posted in News
Public Storage Releases Second-Quarter 2011 Operating Results

Public Storage, a self-storage real estate investment trust, released its operating results for the second quarter ending June 30. The net income allocable to common shareholders was $131.5 million, compared to $60.8 million for the same period in 2010, representing an ...More
August 8, 2011
Posted in News

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