Public Self Storage Reits

Risks of investing in self storage reits.

Public self storage reits.

In fact leading self storage reit public storage says it can break even with occupancy just over 30 of its rentable space. The company built its first self storage facility back in 1972 but today it has almost 2 400 locations in the u s. 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. There are more than 2 200 public storage self storage locations in the us canada and europe.

In 2008 it was the largest of four publicly traded storage reits. Self storage reits own and manage storage facilities and collect rent from customers. 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. As of market close on 9 21 2020.

1 year total return. Public storage a member of the s p 500 and ft global 500 is a fully integrated self administered and self managed reit that primarily acquires develops owns and operates self storage facilities. Public storage is a california based reit and member of the s p 500. This is the largest self storage company and it acquires develops owns and operates self storage facilities.

Self storage reits rent space to both individuals and businesses. Public storage is an american international self storage company headquartered in glendale california that is run as a real estate investment trust reit. Public storage is by far the largest player in the self storage reit space.