March 2023 Investor Presentation
Industry-Leading Demographics Generate Long-Term Value
Quality market focus creates a strong demand backdrop and cash flow stability
Strong Demographics
A strategic focus on submarkets with attractive demographics for
stable, long-term demand trends
100%
% of Same-Store NOI?
89%
77%
Mature Markets
Larger, stable markets should experience less volatility than
secondary and tertiary markets while strong demographics support
demand trends throughout the economic cycle
200
150
Avg 3-Mile Population Density (000's)'
50%
36%
0%
Top 5 Markets
Top 25 Markets
Top 40 Markets
95
85
Avg 3-Mile Median Household Income (000's)¹
100
75
50
0
55
65
CUBE
PSA
EXR
LSI
NSA
CUBE
PSA
EXR
LSI
NSA
1. Source: Evercore ISI Research Report dated November 21, 2022
2.
Total owned portfolio NOI for the three months ended December 31, 2022
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