The December 2006 "Media Update" from the National Association of Real Estate Investment Trusts (NAREIT) reported the continued health and general success of the REIT sector, which includes self-storage. There are currently four industry REITs: Public Storage Inc., Extra Space Inc., Sovran Self Storage and U-Store-It Trust.
"REITs remain one of the longest-running positive investment stories. Not only are REITs on their way to their seventh straight year of outperforming the broader market, but the REIT story is even more compelling over longer investment horizons," according to the NAREIT report. Publication highlights include:
- As of Nov. 30, the U.S. REIT industry had delivered returns of 35.7 percent, outperforming the S&P 500, Dow Jones Index, Russell 2000 and the NASDAQ.
- The leading REIT segments are office, multifamily and diversified. The office segment continues to benefit from low vacancy rates and limited supply.
- This year has proven to be the most active for mergers and acquisitions in the 46-year REIT history.
For more information, visit www.nareit.org or call 202.739.9400.
