- The equity REIT sector is modestly lower in morning action, but the self-storage players are all in the green, led by Extra Space Storage (EXR +1.3%) after its solid earnings beat last night, and Global Self Storage (SELF +3.8%) after Compass Point initiates with a Buy rating and $6 price target (32% upside from yesterday's close).
- Global Self Storage is set to release its Q4 results after today's close.
- The self-storage sector has underperformed over the last year, with most names in the red vs. a double-digit advance for equity REITs as a whole.
- Public Storage (PSA +0.6%), Life Storage (LSI +0.4%), CubeSmart (CUBE +1.3%), National Storage (NSA +0.3%).