Self-Storage REITs Are Poised To Profit

Nov. 20, 2022 7:00 AM ETCUBE, EXR, PSA33 Comments

Summary

  • I am a huge advocate of creating passive income, so you can make money even while you're sleeping.
  • Owning a self-storage facility could be one strategy to generate passive income, but you still have to manage it.
  • A safer and even more passive route is to own a self-storage REIT. These three have strong fundamentals and nice dividends to help you pack away some extra income.
  • Looking for a helping hand in the market? Members of iREIT on Alpha get exclusive ideas and guidance to navigate any climate. Learn More »

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This article was co-produced with Cappuccino Finance.

I am a huge advocate of creating passive income. Warren Buffett once said,

“If you don’t find a way to make money while you sleep, you will work until you die.”

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This article was written by

119.52K Followers

Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.

Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CUBE, EXR, PSA, NSA 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.

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.

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SymbolLast Price% Chg
CUBE--
CubeSmart
EXR--
Extra Space Storage Inc.
PSA--
Public Storage

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