June 28, 2011 3:30 PM
On the heels of the recent news that self storage REITs outshined other property types with an impressive 18.4 percent return, is a new report showing Extra Space Storage (NYSE: EXR) with significant same-store revenue increases thanks to strong improvement in the occupancy rate. [More]
November 8, 2010 2:09 PM
In this economy, it’s hard to find a more pleasing topic to a storage facility owner than how to increase revenue. A free webinar on Nov. 10, 2010 at 2 p.m. ET will answer just that question by addressing the importance of tracking and measuring conversion ratios to improve overall revenue. [More]
February 22, 2010 3:20 PM
Extra Space Storage released its 4th quarter and year-end results today. Compared to other self-storage REITs, Extra Space did fairly well in 2009, industry analysts observed. Reporting just before the release of the 4th quarter report, Learning Markets, a resource for investors who are just beginning to learn about investing, used Extra Space's performance as an example of a company that is leading the way in its industry, noting that Extra Space stock has gone up 8.25 percent in the last quarter, while the REIT industry has gained only about 1.39 percent in the same period.
Highlights from Extra Space's fourth quarter and year-end report were as follows: [More]
February 2, 2010 10:47 AM
The United Kingdom's largest self-storage company, Safestore, has reported a full-year loss for 2009, even though the number of customers using its facilities has steadily increased. After making a pre-tax profit of £14.9 million in 2008, it recorded a pre-tax loss for 2009 of £9.4 million ($15 million). Per share earnings fell from 6.68p to a loss of 0.14p.
Occupancy of Safestore's storage units grew by 57,000 square feet in 2009, against a drop of 195,000 square feet in 2008. Rental rates also rose 4.9 percent. At year's end, Safestore was charging £25.24 per square foot of unit space. Safestore's UK and French earnings rose 1.9 percent, from £82.9 to £84.4 million. [More]