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National Storage Affiliates Trust had plenty to boast about at its year-end report–revenue jumped about 66 percent and the company expanded its portfolio by more than a third during 2016. The real estate investment trust also announced another milestone, just before releasing its year-end earnings report on Feb. 28. The company signed up its eighth…

JCAP markets JCAP markets

As the development cycle kicks into the next gear, Jernigan Capital is rapidly accelerating its self-storage construction loan activity. The company has already closed on $105.6 million in new development investments during the first 60 days of 2017, and has a pipeline of in place of $800 million of additional investments, according to its recently…

cubeoltorf3 cubeoltorf3

CubeSmart is tempering its outlook for 2017 as it faces competition from new supply and reduced growth from occupancy gains. As it squares off with new competition, CEO Christopher Marr said the company must reach customers first and price their product accordingly. “We are facing new supply entering our markets, therefore our proficiency in engaging…

U-Haul U-Haul

U-Haul will continue to seek growth in its self-storage business after 12 months of adding about 3.5 million net rentable square feet—two-thirds from its own developments, one-third from acquisitions—the company reported in results for the third quarter of fiscal year 2017, which ended December 31, 2016. “Self-storage continues to be a very competitive, very market-specific…

elephant in a room elephant in a room

The storage industry’s major publicly traded companies face a market dilemma when some of them start releasing earnings – and forward-looking performance guidance – later this week. The Big Four could express over-optimism moving forward, even though most industry numbers point to a decelerating market for the storage business across much of the nation. Or…

National Storage Affiliates National Storage Affiliates

The storage industry’s newest REIT is bucking the trend of slower growth, for now. During the third quarter, National Storage Affiliates reported same-store revenue growth of 7.2 percent and same-store net operating income grew 9.5 percent—besting its other public peers Public Storage, Extra Space Storage, Life Storage and CubeSmart. NSA has 352 same-store locations; the…