Tom Konrad, CFA
Long/short equity, value, contrarian, dividend investing

Reorganization Stores Opportunity In This REIT

(Editor's Note: Investors should be mindful of the risks of transacting in illiquid securities such as SELF.)

According to NAREIT, there are currently four self-storage REITs with a total market cap of $41 billion and average yield of 3.17% as of the end of April. Investors can't get enough of these: they have produced a total return of 19% so far this year on top of a return of 9.5% in 2013.

With such high recent returns and low yield for what are essentially income investments, investors could be forgiven for wondering if they have come too far: the 145 REITs in the FTSE NAREIT All Equity REIT index produced total returns of 11.8% so far this year, after...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details