Supnick Real Estate Company Publishes Quarterly Newsletter Focusing on Self Storage Operating Performance

Mt. Laurel, NJ, April 21, 2010 --(PR.com)-- In an industry where reliable outside data on the performance of the Self Storage Industry is hard to come by, the operating results for the four publicly traded Self Storage Real Estate Investment Trusts (REIT’s); Public Storage (PSA), Extra Space (EXR), U- Store It (YSI) and Sovran (SSS) are a very useful source of information on just how well the self storage industry is doing:

· Occupancy on average at the REIT’s have increased nominally in 2009 to 81.7% compared to the average rate of 81.5 % in 2008.

· The average REIT Rent per Available Square Foot for 2009 was $11.44, down only 3% compared to 2008. Net operating income has been improving, driven by decreasing new tenant rental concessions, fewer tenant move outs and control of expenses.

· Indications are that in the First Quarter 2010 the industry experienced stabilization in both rents per square foot and occupancy rates.

· The average stock price of Self Storage REIT’s for the period of April 1, 2009 to April 1, 2010 has increased by over 125%. The highest appreciation coming from companies that have done the most to enhance their balance sheets with new capital. (See graph on Page 3)

· Given virtually no new development starts or projects in the pipeline, it certainly appears that acquisitions will pick up speed in 2010, as well capitalized companies acquire existing self storage as a means to grow.

Click this link to continue with this article and to view the entire Newsletter...
www.supnickre.com/pdf/SUPNICK%20REAL%20ESTATE%20CO.%20NEWSLETTER%20-%20Spring%
202010.pdf

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