Inside Self-Storage

Real Estate Investment Trust (REIT)

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
Self-Storage and the Stock-Market See-Saw: Will Our Industry Be Affected?

The Down Jones Industrial Average plummeted 513 points yesterday in the worst stock sell-off since October 2008. Pundits cite fear over the U.S. economy and the European debt crisis as underlying factors. Are we staring down the barrel of another recession? And what, if ...More
August 5, 2011 By Teri Lanza
Posted in Blog, Finance
Strategic Storage Trust Buys SmartStop Self Storage in Hampton, Va.

Strategic Storage Trust Inc. purchased the SmartStop Self Storage facility at 815 Lasalle Ave. in Hampton, Va., from Quality Properties Asset Management Co. for $4.9 million. ...More
August 5, 2011
Posted in News, Real Estate
U-Store-It Trust Declares Third-Quarter 2011 Dividend

The board of trustees of U-Store-It Trust Inc., a self-administered and self-managed real estate investment trust focused on self-storage facilities, declared a quarterly dividend of $0.07 per common share for the period ending Sept. 30. ...More
August 4, 2011
Posted in News
Sovran Self Storage Releases Second-Quarter 2011 Operating Results

Sovran Self Storage Inc., a self-storage real estate investment trust (REIT) that operates facilities under the brand Uncle Bob’s Self Storage, reported operating results for the quarter ending June 30. ...More
August 4, 2011
Posted in News
Extra Space Storage Joins EPA Energy Star Program

Extra Space Storage has joined as a partner of the Environmental Protection Agency’s Energy Star program. As such, the company will work to improve energy efficiency and fight climate change through a strategic, corporate energy-management program. ...More
August 3, 2011
Posted in News
Sovran Self Storage Forms Joint Venture to Buy 19 Properties

Real estate investment trust Sovran Self Storage Inc. has formed a second joint venture with an affiliate of Heitman LLC to purchase 19 self-storage facilities throughout New Jersey (19) and Pennsylvania (2). ...More
August 3, 2011
Posted in News, Real Estate
Extra Space Storage Releases Second-Quarter 2011 Operating Results

Extra Space Storage Inc., a self-storage real estate investment trust, released its operating results for the three and six months ending June 30. ...More
July 29, 2011
Posted in News
Strategic Storage Trust Purchases 3 Facilities for $12.2 Million

Strategic Storage Trust Inc., a publicly registered non-traded real estate investment trust targeting the self-storage market, acquired three facilities totaling 2,100 units for a value of about $12.2 million. All three facilities will be rebranded SmartStop Self Storage. ...More
July 26, 2011
Posted in News, Real Estate
Sovran Self Storage Enters Into Management Agreement With Storage Bin Self Storage Centers

Sovran Self Storage Inc., a self-storage real estate investment trust (REIT), and Uncle Bob’s Management LLC, the company’s fully owned subsidiary, entered into a third-party management agreement with Storage Bin Self Storage Centers. The agreement covers three properties ...More
July 25, 2011
Posted in News

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