today. and for George, all joining our Thanks, you call thank
will like Before at of transition Executive for excellent we I’ll to President role the May. of CEO. XXXX, planned become assume end another and address Effective the Chairman remind Board of that quarter, our of the I’d everyone announced Tammy and results management we January the X,
will promoted Additionally, our Brandon to CFO. Accounting Togashi, Chief be current Officer
especially share growth that recruitment. acquisitions and and confidence to happy strategy look Brandon, Board PRO be with remain successes and Tammy Company, and guiding active same overall I’ll I very I’m forward and vision reduced, on Although role the significant and executing I in strategies to our continuing respect will the together. my day-to-day including in of the
second Now, quarter on results. our to
per share report structure same-store NOI differentiated our growth, once sector FFO PRO to and again facilitated to and continued that revenue, happy in year-over-year core by We’re we portfolio. lead the
economy, industry and the which storage self growing growth to from impact helping the supply. offset is The from new fuel continues demand to benefit partially
the headwinds Although deliveries sector is provide the MSAs. declining, pace whole, as of recent primary which it’s suggests in continuing a data declining not is for to quickly, the market nationwide that new especially
That like outlook said, the for highlight key to portfolio, gives few about us we’d our in a NSA. which confidence points
primary our affected greater current in experienced First, to have growth X-mile the our by markets and continue of we supply We significantly rates lower average we exposure new secondary our development development don’t attractive new given And supply the than supply this peers, rents those in less footprint. area. new many currently secondary will stores less than These are XX% of believe secondary secondary markets the markets, as make to the see cycle. square nearly markets have developers. lower have estimate markets to per trade that
our peers. priced and we to primary foot are they supply facilities, is different in we higher single-storey markets The Bernardino, San facilities, where Riverside, have have several percentage such drive-up facilities, of a Dallas-Fort Atlanta, tend Second, Worth to line as not new square controlled, type. units. significantly new climate coming product on our given competition direct higher multistory, generally to These often are facilities per relative
in benefit new geographic negative And diversity supply. our As of portfolio. from such, from type significant less we we often very see this to finally, impact continue
optimistic deliver we’ll despite these continue factors, solid elevated that we’re results, supply. new Given the to
acquired acquisition the acquisitions we front, to for the to million the Contributing on remain million. almost active having in properties $XXX year-to-date results, second quarter, XX strong bringing $XXX
that with we higher expected. end, delta slightly occupancy year-over-year, subsequent been has narrowed season as to leasing summer has normal, although Our above quarter
reflected more is our a favorable updated in and result shares. favorable year-to-date We the tougher FFO across valuation we’re believe such, The guidance, second despite for same-store the core is half which of back comps As half should expected share performance for the our in growth sector-leading NSA year. NOI half. in the well-positioned second positive and board, per
in average, portfolio remain On our healthy. fundamentals
push in-place single-digit to rent mid-to-high increases growth. continue revenue of key customers, We driver a is which our to our currently
will that operational occupancy We’re evolving PRO we going the of the further our forward. upside, constantly quarter. combined marketing gains were encouraged first by our revenue second and our quarter, internet And structure which in consistent with with provide strength systems additional expect management the
growth achieve and combination sector strong NOI to core same-store The confidence will double-digit our FFO growth percentage in per of growth share XXXX. us year-over-year, to robust external lead we continue gives that in
now I’ll call to turn that, Tammy. over the With
