David Cramer, president and CEO of National Storage Affiliates Trust (NYSE: NSA), sat down for a video interview during Nareit’s REITweek: 2025 Investor Conference in New York City June 2-5.
Cramer noted that the self-storage sector performs well in many different economic conditions. “Our current tenant behavior has been very durable,” he said, with no change in length of stay patterns or the ability to pay bills. “All the metrics we study are very, very healthy from our consumer base, which is encouraging given the economic uncertainty.”
Cramer said that while slowness in the housing market has had an impact, “we see encouraging signs, albeit a little slower than we may want.”
During the interview, Cramer also said investor demand for the self-storage sector remains steady, and expressed NSA’s conviction in long-term growth for its Sun Belt markets, despite new supply in the last few years.