Top Self Storage Reits

Another corner of the reit space that s hit the mat hard is self storage.

Top self storage reits.

Real estate investment trusts reits companies that invest in a variety of properties from office buildings to apartments and self storage buildings built big gains in 2019. Public storage psa extra space storage exr. Ytd total return. Below are five of the most promising top self storage reits for investors to consider.

Public storage currently has a consensus rating of hold but if demand for self storage reits continues to climb it may be well suited for a buy and hold strategy for the long term. Within the hoya capital storage reit index we track the five largest self storage reits which account for roughly 65 billion in market value. The buffalo based company has about 700 self storage facilities with more than. All the major players public storage psa 1 1 psa extraspace storage exr and cubesmart cube 0 1 cube lag the.

Life storage life storage is the highest yielding self storage reit on this list with a current yield of around 4 6. The reit s stable balance sheet moderate leverage ratio at less than 41 and plans for expansion put them high on the list for top self storage reits to invest in. Self storage reits own and manage storage facilities and collect rent from customers.