CubeSmart NYSE:CUBE, Public Storage NYSE:PSA - Ramond James On Storage REITs: Public Storage Upgraded, Sovran Self Storage Downgraded, CubesSmart Top Pick In a report published Friday, Raymond James analyst Jonathan Hughes discussed the self-storage REIT sector, noting that operating results for the group set new records for occupancy and same-store NOI growth in the second quarter. Hughes said year-to-date total returns for the storage sector outperformed all other property types with a 14.2 percent return versus a 7.9 percent decline for the broader REIT industry. The analyst is expecting continued momentum with sector-wide same-store NOI growth to surpass 8 percent for the year, while a favorable supply/demand imbalance will continue through at least 2016. Hughes also added that while the sector is trading at a premium to the entire REIT sector, he suggested that valuations... More