CLP reported numbers yesterday. I was busy, so I had to wait until today to look at them.
Low and freaking surprises, but they absolutely crushed it. It was AEC part II. Just like AEC, they did so well they had to book a gain, even after massive depreciation.
Revenues were up 12%. Half of that comes from expansion; the other half was just their current operation breaking out – occupancies and rents are high, and going higher. And the company will continue to expand at a 5%+ clip on acquisition alone.
You must embrace the renting nation, for it is our destiny.
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