Sponsored By

Self-Storage REITs Schedule Conference Calls to Discuss 2Q 2023 Financial Results

July 18, 2023

4 Min Read
Self-Storage REITs Schedule Conference Calls to Discuss 2Q 2023 Financial Results

Four of the five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have announced when and how they will reveal their earnings statements for the second quarter of 2023, which ended June 30. Life Storage Inc. hasn’t yet announced its conference-call plans.

CubeSmart

CubeSmart will release its second-quarter 2023 financial results after the market closes on Aug. 3. An accompanying conference call will be held at 11 a.m. ET on Aug. 4. A live webcast of the call will be available on the investor-relations page of cubesmart.com. The dial-in number is 888.886.7786, with access code 08844301.

After the live webcast, the recorded call will remain available on the company website for 15 days. In addition, a telephonic replay will be available through Aug. 18. The dial-in number is 877.674.7070, with access code 844301.

CubeSmart owns or manages 1,341 self-storage facilities across the United States. Its operating portfolio comprises about 90.7 million square feet.

Extra Space Storage Inc.

Extra Space will release its 2Q 2023 earnings report after the market closes on Aug. 3, and host a conference call at 1 p.m. ET on Aug. 4 to discuss the results. Hosting the call will be Joe Margolis, CEO, and Scott Stubbs, executive vice president and chief financial officer, who’ll review performance, discuss recent events, and conduct a question-and-answer period for registered financial analysts. All other participants will have listen-only capability.

A live webcast of the call will be available on the investor-relations page of extraspace.com. Those who wish to listen online should visit the website at least 15 minutes before start time to register and install any necessary software. Telephone participants can pre-register and receive a special dial-in number and PIN at https://bit.ly/43ux9aY.

A replay of the call will be available on the company website at 5 p.m. ET on Aug. 4 and remain accessible for one year. The full text of the earnings report and supplemental data will also be available online immediately following the release to the wire services.

Headquartered in Salt Lake City, Extra Space owns or operates more than 2,388 self-storage facilities nationwide. The company’s properties comprise approximately 1.7 million units and 180 million square feet of rentable space.

National Storage Affiliates Trust (NSAT)

NSAT, a Maryland REIT, will reveal its earnings statement for the quarter that ended June 30 after the market closes on Aug. 7. A conference call to review the results will take place at 1 p.m. ET on Aug. 8.

The call can be accessed at 877.407.9711 within the United States or 412.902.1014 internationally. All others are encouraged to listen to the call via webcast on the investor-relations page at nationalstorageaffiliates.com. A replay of the webcast will be archived for 30 days.

Headquartered in Greenwood, Colorado, NSAT is a self-administered, self-managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas. The company has interests in 1,117 self-storage facilities in 42 states and Puerto Rico comprising about 72.8 million rentable square feet. It's owned by its affiliate operators, who are contributing their interests in their self-storage assets over the next few years as their current mortgage debt matures.

Public Storage

Public Storage will release its second-quarter 2023 earnings report after the market closes on Aug. 2. It’ll host a conference call at noon ET on Aug. 3 to discuss the financial results.

The dial-in numbers for the live conference call are 800.579.2543 for U.S. callers and 785.424.1789 for international callers. The conference ID is PSAQ223. The live webcast will be available through the investor-relations page of publicstorage.com and accessible on demand through Aug. 10. For the conference-call replay, the domestic dial-in number is 800.938.2806, and the international number is 402.220.9034.

Based in Glendale, California, Public Storage has interests in 2,877 self-storage facilities in 40 states, with approximately 205 million net rentable square feet. It holds a 35 percent interest in Shurgard Self Storage SA, which has 266 facilities in seven European countries, with approximately 15 million net rentable square feet.

Sources:
CubeSmart, CubeSmart Announces the Date of Its Second Quarter 2023 Earnings Release and Conference Call
Extra Space Storage, Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter 2023 Results
National Storage Affiliates Trust, National Storage Affiliates Trust Announces Date of its Second Quarter 2023 Earnings Release and Conference Call
Public Storage, Public Storage to Release Second Quarter 2023 Earnings Results and Host Quarterly Conference Call

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like