X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-Shurgard Storage Centers, Inc., a self storage REIT based in Seattle, has reported FFO of approximately $22.9 million for its third quarter ending September 30, a 6.4% increase over the $20.9 million posted for the same period in 1999. On a per share basis, the company’s FFO increased 4.1% from third quarter 1999, raising its per share price by three cents to 75 cents a share.

Shurgard’s same store revenue experienced a 7.7% third quarter increase over last year, which followed a second quarter increase of 7.6%. Same store average rental rates increased from $10.46 to $11 per sf over the 12-month period ending Sept. 30, 2000, while same store occupancy rates increased by 1% to 89%.

Shurgard Storage Centers, Inc. is a self-administered, self-managed REIT that specializes in all aspects of the self-storage industry. The company currently operates a network of more than 411 storage centers located throughout the United States and Europe.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.