High-Quality Outperformance With Public Storage

Mar. 07, 2022 12:38 PM ETPublic Storage (PSA) StockPSA1 Comment

Summary

  • The self-storage industry is one of the hottest and most promising industries to put real estate money to work.
  • The largest player Public Storage is back on track as it sees higher occupancy rates, strong rent growth, higher NOI growth, and room to hike its dividend again.
  • The valuation isn't cheap but I have little doubt that PSA will continue to generate outperforming returns.

Kisten gestapelt auf Zähler innerhalb einer öffentlichen Speicherort

DNY59/iStock Unreleased via Getty Images

Introduction

I'm not big into REITs. Not because I dislike REITs, but mainly because I like dividend growth stocks, which automatically pushes me into other sectors and industries. However, there are plenty of fantastic REITs on the market for a

This article was written by

42.89K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PSA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About PSA Stock

SymbolLast Price% Chg
EPS
PE
Div Rate
Yield
Short Interest
Market Cap
Volume
Compare to Peers

More on PSA

Related Stocks

SymbolLast Price% Chg
PSA
--