Public Self Storage Reits

Psa glendale california.

Public self storage reits.

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. Public storage is by far the largest player in the self storage reit space. 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. Risks of investing in self storage reits.

Public storage is an american international self storage company headquartered in glendale california that is run as a real estate investment trust reit. 1 year total return. Public storage public storage. Self storage reits rent space to both individuals and businesses.

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. There are more than 2 200 public storage self storage locations in the us canada and europe. This is the largest self storage company and it acquires develops owns and operates self storage facilities. 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. It is the largest brand of self storage services in the us. In 2008 it was the largest of four publicly traded storage reits.