“With first quarter performance in-line with our expectations, the Public Storage team is encouraged as we approach the busy season, said Joe Russell, President and Chief Operating Officer. “Our view is supported by positive trends in customer behavior and waning deliveries of competitive new supply across the country. The Public Storage team continues to deploy the powerful combination and competitive advantages tied to our brand, platform, and balance sheet. As a result, we are driving stabilizing trends in our portfolio, including re-accelerating revenue growth month-over-month in an increasing number of our markets.” Read more about today’s earnings announcement here: https://lnkd.in/gvxUgcRZ
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Nice to see self storage holding strong in this difficult interest rate environment!