Real estate firms BayView Advisors, Marcus & Millichap and MJ Partners Real Estate Services have released online reports highlighting key performance metrics from the second-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. Two of the reports also include earnings and performance data from National Storage Affiliates Trust (NSAT), a self-administered, self-managed REIT.
The seven-page “Self-Storage Industry and REIT Report Q2 2015” from BayView highlights year-over-year results on rental revenue, tracks quarterly occupancy during the last 16 quarters, and includes dividend amounts, facility counts, square footage and stock prices for the five REITs as well as AMERCO, the parent company of U-Haul International Inc. It also includes self-storage performance summaries for each company.
The eight-page “Q2 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 the four largest REITs on acquisition activity, net operating income, occupancy, revenue and other metrics.
The 39-page “Self Storage Market Overview” from MJ Partners offers a market overview, including capital summaries, implied cap rates, investment activity and portfolio structure for the five 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 storage REIT performance as a whole.
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 1,500 investment professionals in offices throughout the United States and Canada. The company closed more than 7,600 transactions in 2014 with a value of approximately $33.1 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 advisers, corporations, private developers and entrepreneurial businesses.