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    Spencer Glitcher

    Managing Director and sector head of Self-Storage and Net Lease at Green Street

    Spenser Glimcher is a Managing Director and sector head of Self-Storage and Net Lease at Green Street, specializing in real estate investment trust (REIT) research with additional experience covering the Mall and Outlet sectors. She has launched Green Street’s coverage of the Gaming sector and has initiated coverage on 10 public REIT companies in four years, with her work widely cited in major financial media. Glimcher began her career at Citibank on the REIT research team, focusing on Net Lease and Storage REITs, and has worked exclusively in the commercial real estate research space since earning her B.S. in Finance, summa cum laude, from Fairfield University. She holds a senior leadership role as the most senior woman on Green Street’s equity REIT research team as of 2023, though specific performance metrics and securities licenses are not publicly disclosed.

    Spencer Glitcher's questions to Public Storage (PSA) leadership

    Spencer Glitcher's questions to Public Storage (PSA) leadership • Q4 2024

    Question

    Spencer Glitcher asked about the transparency and potential duration of the Los Angeles rent restrictions and inquired about recent changes in input and labor prices for the development pipeline.

    Answer

    Executive Joseph Russell explained that the L.A. state of emergency was unusually extended for a full year and is technically in place through January 2026. Regarding development, Russell stated it's too soon to tell if immigration policy will impact labor costs, but noted that development remains challenging, which enforces discipline across the industry. He emphasized that Public Storage's scale provides advantages in managing these risks.

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