Self Storage Performance Quarterly Q4 2016

Self Storage Performance Quarterly

Section III – Market Performance Data Q3 2016 Self Storage Performance Index

Self-Storage Performance Index ® - The SSPI measures the changes in net operating income, taking into consideration changes in asking rents, physical occupancy and concessions, as well as operating expenses. It is therefore a reliable and unbiased way of measuring the changes in self-storage’s operating performance. Each quarter, the Index is reset to reflect the latest changes in expenses from the prior quarter. Comment on SSP Index: The U.S. Self-Storage Performance Index ® (SSPI) increased in the 4 th quarter 2016 compared to last quarter, and up 7.2 % from last year and is still at its all time high. The SSPI for the 4 th quarter ending December 31, 2016 now stands at 121.4 up 6.7% from the prior quarter’s index(1), and up 7.2% from the 4 th quarter 2015.

Self Storge Performance Index

100.0 105.0 110.0 115.0 120.0 125.0 130.0

121.4

Index

80.0 85.0 90.0 95.0

Base: 4th Quarter 2003 = 100

Note (1) The SSPI value for the 3 rd quarter 2016 was projected to be 114.7 based on projected operating expenses and pending receipt of actual expenditures for the 3 rd quarter 2016. The final index value of 113.8 is used in the tables and graphs contained herein.

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

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