For simplicity, we focus primarily on the comparable fundamentals of the five consumer-focused self-storage REITs. We also track Iron Mountain ( IRM), which focuses primarily on business storage and ancillary services related to record retention including a growing data center portfolio. In the Hoya Capital Storage REIT Index, we track the six largest storage REITs, which account for roughly $70 billion in market value: Public Storage ( PSA), Extra Space Storage ( EXR), CubeSmart ( CUBE), Life Storage ( LSI), and National Storage Affiliates Trust ( NSA). (Hoya Capital, Co-Produced with Brad Thomas through iREIT on Alpha) Storage REIT Sector Overview We then analyze REITs based on both common and unique valuation metrics, presenting investors with numerous options that fit their own investing style and risk/return objectives. In our REIT Rankings series, we analyze REITs within each of the commercial and residential sectors, focusing on property-level fundamentals and the macroeconomic forces driving overall supply and demand conditions. This idea was discussed in more depth with members of my private investing community, iREIT on Alpha.Symptomatic of the ongoing storage wars, marketing spending jumped nearly 60% from last year for these REITs, pressuring same-store NOI growth to essentially zero.Competition remains fierce in an oversupplied market. 2019 was shaping up to be a strong year for the sputtering self-storage REIT sector, but 3Q19 earnings were a setback on the road to recovery.Once a perennial top-performer in the REIT sector, developers and new operators have flocked to the sector in recent years, adding new supply at a furious rate, weakening fundamentals.The glory-days of double-digit annual rent growth, however, are long gone for the self-storage REIT sector, which has seen a commensurate boom in supply growth over the last half-decade.Ok Boomer, what are you going to do with four rooms of extra furniture when you downsize? Self-storage operators continue to see 'booming' demand for storage space.2 members, 35 guests and 23 web crawlers are browsing this forum. You cannot start new topics / You cannot reply to topicsĢ,733 topic views. Shop: Unfolding Nature: Being in the Implicate Order Autoflowering Cannabis Seeds, Bulk Cannabis Seeds, Feminized Cannabis Seeds, High THC Strains, USA West Coast Strains I've heard money doesn't buy happiness, well it sure pays the sadness debt! Pick it, pack it, fire it up, come along and take a hit from the bong. edited all to hell, artificial drama.Īll produced by original productions, founded by Thom Beers- the narrator on many of these shows. I mean there are actually crab fisherman and gold miners and auction buyers and such.īut they're all scripted.

Most of these shows are done by the same A&E production company. I'm going to try to find a source for that stat. If you actually research the statistics about buying warehouses/lockers, 80% of the time you're going to lose money.

When all these storage shows came out a couple years ago I had 2 acquaintances that thought it would be a good idea to go to a few locker auctions in the SE US.īetween the both of them they lost a couple thousand dollars in a month.

Yep, it's entertainment, and they do a damn good job of providing it. IRL people don't waste thousands of dollars trying to make people they carry grudges against waste thousands of dollars over an itty bitty insult.

If I have nothing better to do I'll watch it, but it's fake and I hate the fake competition. And secondly, barring death or jail nobody is going to let that locker go with THAT in there, lol.īut yeah I still find it entertaining so I take it for what it is - television. Whoever would own something like that would have that shit close by, not in the corner of some dingy ass storage bin. They don't exactly take up a ton of space. I mean seriously? First off, why would someone stash that shit in a storage locker? I mean it was just a handful of a coins. I mean fuck, in a recent episode I saw the other day the two fat dudes found an old trunk that had gold coins in it from like the 1800's.

Yep storage wars