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Public Storage vs. Extra Space showdown: Which one wins in customer loyalty?

Public Storage vs. Extra Space showdown: Which one wins in customer loyalty?

John Egan August 12, 2014 0

From a size standpoint, Public Storage is the No. 1 self-storage operator in the U.S., and Extra Space Storage is No. 2. But how do they stack up against each other when it comes

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CubeSmart’s profit soared in 2013

CubeSmart’s profit soared in 2013

Alexander Harris March 3, 2014 0

CubeSmart LP was an active buyer and seller of facilities in 2013, and those moves seem to be yielding positive results. The company earned profit of $41.5 million last year, up substantially from $1.8

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Uncle Bob’s sees 17% rise in annual revenue

Uncle Bob’s sees 17% rise in annual revenue

Alexander Harris February 26, 2014 0

Despite a muted year on the acquisition front, Sovran Self Storage Inc., operator of Uncle Bob’s Self Storage, posted double-digit growth in 2013. The Amherst, NY-based REIT boosted revenue over the previous year by

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Raising rents helps lift revenue for Public Storage

Raising rents helps lift revenue for Public Storage

Alexander Harris February 24, 2014 1

The country’s largest self-storage operator got even bigger last year. Revenue at Public Storage Inc. climbed almost 8 percent in 2013—to nearly $2 billion—compared with 2012. Executives with the self-storage REIT attribute the gain

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Extra Space looking forward to ‘great’ 2014, CEO Spencer Kirk says

Extra Space looking forward to ‘great’ 2014, CEO Spencer Kirk says

Alexander Harris February 24, 2014 0

Occupancy gains, reduced discounting and higher rental rates helped Extra Space Storage Inc. cap off an impressive 2013. The Salt Lake City-based self-storage REIT concluded the year with a 27 percent rise in revenue

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Extra Space facility halts move-ins over lead concerns

Extra Space facility halts move-ins over lead concerns

Alexander Harris February 20, 2014 0

An Extra Space Storage facility in Manchester, NH, has stopped taking new tenants because of the presence of lead. Signs outside the Extra Space location read that “high levels of lead were recently detected

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How Public Storage essentially killed a proposed competitor in its own backyard

How Public Storage essentially killed a proposed competitor in its own backyard

Alexander Harris January 30, 2014 1

When faced with competition, many self-storage operators beef up marketing or maybe offer new discounts. Public Storage Inc. took a different approach when a competing facility was proposed less than a quarter of a

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Public Storage narrowly wins approval for new facility near headquarters

Public Storage narrowly wins approval for new facility near headquarters

Alexander Harris January 24, 2014 0

Public Storage Inc. got the OK to build a new four-story self-storage facility in its corporate backyard—barely. In a 3-2 vote Jan. 21, the City Council in Glendale, CA, approved Public Storage’s plan for

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In 2014, W.P. Carey expects to match last year’s self-storage acquisition pace

In 2014, W.P. Carey expects to match last year’s self-storage acquisition pace

Alexander Harris January 24, 2014 1

Look for publicly traded REIT W.P. Carey Inc. to be on the prowl for self-storage acquisition targets in 2014, just as it was in 2013. “We certainly would like to match our buying from

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Will off-market acquisitions in self-storage heat up or cool down in 2014?

Will off-market acquisitions in self-storage heat up or cool down in 2014?

Beth Mattson-Teig January 17, 2014 0

REITs made some big scores on off-market acquisitions in 2013. But such deals may be harder to find in 2014 as more sellers opt for the bidding wars created when they put properties up

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