TractIQ Releases Q3 2026 Self-Storage REIT Report

For the first time since TractIQ started self-storage data tracking in 2024, all four REITs grew same-store revenue, NOI, and achieved rent year-over-year in the same quarter. All four raised full-year guidance again, and SmartStop has now done it four times. On new-customer pricing, Public Storage raised move-in rates 9.3% year-over-year while its peers cut rates to win volume.

The self-storage recovery is now broad-based. TractIQ's Q3 2026 Self-Storage REIT Report breaks down what’s driving it, and why it still looks more like supply relief than a demand surge.

Inside the report:

• Sector occupancy at 91.7% weighted-average, up from 2024 and 2025, and why 2025 likely marked the trough
• Achieved rent of $21.56 per occupied sq ft, +1.2% YoY, compared REIT by REIT, including Public Storage’s first annual gain since 2023
• The roughly 8-point occupancy premium REITs hold over non-REIT operators, and what it signals for acquisition targets
• Why Extra Space and CubeSmart spent 8x more on buybacks than on stores, and where the acquisitions market is actually clearing
• The full REIT development pipeline: 184 facilities, 11.1 million sq ft, and where it lands

It’s a 7-minute read covering Extra Space Storage, Public Storage, CubeSmart, and SmartStop. If you’re underwriting deals this quarter, the pipeline section alone is worth the click.