Updated: Jul 27, 2018
Publicly traded company Extra Space Storage (EXR), reported on its Q1 earnings yesterday with good news. Our self-storage operating partner continues to grow and improve performance—great news for TDREF I.
Joe Margolis, CEO of Extra Space Storage Inc., commented: "We are off to a solid start in 2018, with year-to-date performance progressing as planned. We continue to have pricing power and maintained very high occupancy through the winter, which positions us well heading into our leasing season. Our geographically diversified portfolio and best-in-class platform continue to produce consistent same-store revenue growth, which was 5.2% in the quarter. External growth has also been steady, with the addition of 41 third-party managed stores in the quart
er, and $316.5 million invested in acquisitions year to date.
Find the Q1 2018 Quarterly Report from Extra Space Storage here.