Executives from self-storage real estate investment trusts (REITs) Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust (NSAT) and Public Storage Inc. will give company presentations during REITWeek 2018, the investor forum for the National Association of Real Estate Investment Trusts (NAREIT). Jernigan Capital Inc., a merchant bank and self-storage advisory firm that trades as a REIT, will also present. REITWeek will take place June 5-7 at the New York Hilton Midtown hotel in New York City.
Executives from the self-storage firms will join management teams from more than 100 industry REITs as they outline their company strategies in formal investor presentations. REITWeek is attended by pre-qualified investment managers, analysts, bankers and other industry professionals, according to NAREIT.
Four of the REITs will present for 30 minutes on June 5, with Public Storage speaking on June 6 at 4:30 p.m. Jernigan Capital will be first to speak at 8 a.m. on Tuesday, followed by NSAT at 9:30 a.m., Extra Space at 10:15 a.m. and Life Storage at 2:15 p.m.
The presentations by Life Storage, NSAT and Public Storage will be available online via live, listen-only webcasts on REITStream.com. Extra Space and Jernigan Capital aren’t listed among the scheduled webcasts.
In addition to the live webcast, the Life Storage presentation will be available from the investor-relations page of LifeStorage.com. An audio archive of the webcast will be available for 90 days.
The conference will also include lunch general sessions during the first two days of the event. On June 5, the topic will be an update on the capital markets, while the June 6 lunch will be a discussion between Steven Wechsler, president and CEO of NAREIT, and Samuel Zell, chairman of Equity Group Investments. Both will be viewable via live webcast.
NAREIT describes itself as “the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets.” REITWeek is designed to bring a large concentration of REIT management teams into one location, enabling them to share insights and their latest company developments. More information can be found at REIT.com.
Headquartered in Salt Lake City, Extra Space owns or operates 1,523 self-storage properties in 39 states; Washington, D.C.; and Puerto Rico. The company’s properties comprise approximately 1.05 million units and 115 million square feet of rentable space.
Jernigan Capital is a REIT listed on the New York Stock Exchange. The company provides financing to private developers, operators and owners of self-storage facilities. It offers financing for acquisition, ground-up construction, major redevelopment or refinancing. The firm is externally managed by JCap Advisors LLC.
Based in Buffalo, N.Y., Life Storage operates more than 700 self-storage facilities in 28 states under the Life Storage and Uncle Bob’s brands. Its portfolio of owned and managed facilities comprises more than 50 million square feet.
Headquartered in Greenwood, Colo., NSAT is a self-administered and -managed REIT focused on the acquisition, operation and ownership of self-storage properties within the top 100 U.S. Metropolitan Statistical Areas throughout the United States. The company has ownership interest in 541 storage facilities in 29 states. Its portfolio comprises approximately 34 million net 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.
Based in Glendale, Calif., Public Storage has interests in 2,392 self-storage facilities in 38 states, with approximately 159 million net rentable square feet. Operating under the Shurgard brand name, the company also has 223 facilities in seven European countries, with approximately 12 million net rentable square feet.