News & Updates

Moody’s Identify Strengths in U.S. Self Storage Sector in Latest Investor Report

September 1, 2020 by Sam Kennard

“Self Storage Industry is poised for more growth”.

Moody’s have recently produced a special comment about the characteristics of the Self Storage Sector. The Report identifies strengths enjoyed by the industry that have resulted in continued performance improvement.

The U.S. has four Self Storage REIT’s that have traded strongly with improving N.O.I.

The mobility of the U.S. households has remained high, with many changing to multi-family housing (apartments) as a result of the shock to the housing sector.

In addition, there has been very little new storage development, and little new supply added to the market.

To read the entire report click here “Self Storage Industry Poised for More Growth”.

Author: Sam Kennard, Managing Director, Kennards Self Storage

Industry Facts

Sam Kennard

Sam joined the Family Self Storage Business in 1991. He was appointed Managing Director in late 1994. In that time Kennards Self Storage has grown from 8 locations to over 95 today. The company is an active and specialised developer of property, focussing on expanding the Kennards Self Storage portfolio in Australia and New Zealand. Today, Kennards Self Storage is the market leading Self Storage Brand and industry innovator and employs over 230 people in Australia and New Zealand. The company remains a privately owned and family run business.