Real estate firms BayView Advisors, Marcus & Millichap, MJ Partners Real Estate Services and NGKF Capital Markets have released online reports highlighting key performance metrics from the first-quarter 2015 financial results issued by the four publicly traded U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Public Storage Inc. and Sovran Self Storage Inc.
The seven-page “Self-Storage Industry and REIT Report Q1 2015” from BayView highlights year-over-year results on rental revenue, tracks quarterly occupancy during the last 15 quarters, and includes dividend amounts, facility counts, square footage and stock prices for all four REITs and AMERCO, the parent company of U-Haul International Inc. It also includes self-storage performance summaries for each company.
The eight-page “Q1 2015 Self-Storage REIT Report” from the National Self Storage Group (NSSG) of Marcus & Millichap and The Mele Group, a self-storage advisory firm and partner affiliate of NSSG, offers a collective overview of storage REIT performance as well as individual breakdowns of each of the four REITs on acquisition activity, net operating income, occupancy, revenue and other metrics.
The 34-page “Self Storage Market Overview” from MJ Partners offers a market overview, including implied cap rates and investment activity for all four REITs, as well as chart data and side-by-side comparisons on self-storage facility performance. It also contains information from analysts on macroeconomic trends impacting the U.S. storage industry as well as a look at initial public offerings in the industry and storage REIT performance as a whole.
The five-page “1Q15 Self Storage REIT Report” from NGKF Capital Markets provides an overview and analysis of self-storage REIT performance collectively and in comparison to other market indexes including gold and oil. It includes comparison charts examining self-storage REIT occupancy, adjusted funds from operations, dividends per share, same-store revenue and historical stock prices. It also includes highlights from all four REIT first-quarter financial statements.
Headquartered in Tampa, Fla., BayView is an investment sales and advisory firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales.
Marcus & Millichap is a commercial-property investment firm. It has more than 1,300 investment professionals in offices throughout the United States and Canada. The company closed more than 6,600 transactions in 2013 with a value of approximately $24 billion.
Based in Chicago, MJ Partners is a full-service real estate brokerage and investment banking company specializing in commercial real estate, mortgage banking and consulting services. The company's clients include major financial institutions, private equity funds, REITs, opportunity funds, insurance companies, pension-fund advisors, corporations, private developers and entrepreneurial businesses.
NGKF Capital Markets is a group within commercial real estate advisory firm Newmark Grubb Knight Frank (NGKF). It offers investment sales, transaction management, debt placement, proprietary lending, and appraisal and valuation advisory services. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 11,000 professionals, operating from more than 340 offices on five continents.