Self Storage Performance Quarterly Q1 2016

Section I Executive Summary

Performance At-A-Glance 1 st Quarter 2016 (Benchmark Ground Level 10 X 10 Non-Climate-Controlled-Units)

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 1Q16 vs. 4Q15

Seasonal 1Q16 vs. 1Q15

Nationwide

No Change 0.0%

Up 5.6% Down -3.0% Up 1.6%

Up 1.3% Down -0.8% Up 0.4%

Asking Rental Rate

Physical Occupancy Rate Rent Per Available Sq. Ft. (Rental Income)

Down -2.0% Down -2.7%

.

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 1Q16 vs. 4Q15

Seasonal 1Q16 vs. 1Q15

REITs

No Change 0.0%

Up 10.2%

Up 2.4% Up 0.2% Up 2.8%

Asking Rental Rate

Physical Occupancy Rate Rent Per Available Sq. Ft. (Rental Income)

Down -0.8% Down -1.8%

Up 1.0%

Up 12.2%

Note: (1) The Annual changes reflect the percent change in the moving average for the four quarters ended in the current quarter relative to the four quarters ended in the previous quarter

Source: Cushman &Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2016 2020 Main Street, Suite 1000, Irvine, California 92614 Phone: 626-304-2920 Fax: 626-304-2921 www.ssdata.net

6