L A K E L A N D C O M M U N I T Y M A R K E T P L A C E
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LVCM-v4.1 - DEC 2021
The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart,Extra Space
Storage Inc., Life Storage Inc., Na onal Storage Affiliates Trust and Public Storage Inc.—have released financial state-
ments for the quarter that ended March 31, 2022.
USA: Self-Storage REITs Release Financial Results for Third-Quarter 2022 (insideselfstorage.com)
MARKET SIZE:
The Canadian storage market is es mated to be 90 million square feet across 3,000 stores, with the top 10 operators
owning less than 15% of these stores; by comparison, the US market is es mated at over 2.7 billion square feet across
51,000 plus stores. This translates into approximately 8.3 square feet per capita in the US versus 2.5 square feet per capi-
ta in Canada, sugges ng that Canada is an under-stored na on with excellent poten al.
Source: StorageVault MD&A
MARKET OVERVIEW
