Self Storage REITs Are Collecting Rent From Americans Who Cannot Let Go
Self-storage REITs report mixed Q2 results. Public Storage (PSA) closed a $10.5B merger, with same-store revenue down 0.6% and occupancy at 92.5%. Extra Space (EXR) saw Core FFO rise 4.9% and occupancy at 94.2%. CubeSmart (CUBE) reported 0.8% same-store revenue growth and a 5.7% yield. All three REITs face risks, including integration costs, rising expenses, and regulatory caps on rent increases.


