The COVID-19 pandemic may be waning, but the pandemic-fueled lift in business for the five publicly traded self-storage REITs is not. During their first-quarter earnings calls, executives at the five REITs reported continued strength in occupancy rates, rental rates and revenue growth. Despite the sunny results, however, financial analysts mostly downgraded the sector. Shares of…

In 2021, the self-storage REIT racked up a record-high $2.3 billion in wholly owned and joint venture acquisitions, adding 144 facilities to its portfolio. Of that, $1.7 billion went toward the acquisition of 112 wholly owned facilities. This year, Williamsville, NY-based Life Storage anticipates making between $550 million and $650 million worth of wholly owned…

Seizing on what its CEO calls an “unprecedented” volume of self-storage acquisitions, National Storage Affiliates Trust could end the year with $2 billion in deals. The self-storage REIT just raised its acquisition forecast for 2021 to a range of $1.5 billion to $2 billion, up from the previous outlook of $1.1 billion to $1.3 billion….