(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...
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