6th November 2009, 10:27 AM #1
2 Storage REITs Release 3Q Results
U-Store-It's net income is up a few million year-over-year, but total revenue is down: http://www.insideselfstorage.com/hot...l-raising.html
Sovran's net income available to shareholders is down year-over-year: http://www.insideselfstorage.com/hot...l-results.htmlJohn Carlisle
Community Manager Emeritus
Still a Big Fan of Self-Storage!
6th November 2009, 06:25 PM #2Moderator
- Join Date
- Dec 2007
- Winchester, Virginia
I also think it is important to point out that both U Store It and Sovran have been very successful in attracting a great deal of new money via new stock offerings as well as structuring new joint ventures in the last 90 days. I sincerely feel that the positive reaction from the financial markets to support both of these established companies is a positive milestone for our industry at this stage of the economy.
MisterJim444Learning Never Ends, But Will Time?