Self-Storage REITs
There are roughly 50,000 self-storage facilities throughout the country and proximity to one's home (generally 3-5 miles) is cited as the most important feature. 70% of customers are residential, with the other 30% split between businesses, students, and the military.
Self-storage units are the "Hotel California" of the real estate sector: once you're checked-in, "you can never leave." Despite storage units typically being rented on a month-by-month basis, nearly half of renters stay longer than two years, and many of the 30 million self-storage renters in America park their possessions in a storage unit for a decade or more.
| Ticker Symbol | Company Name | Property Sector | Market Cap ($B) | Dividend Yield | Payout Frequency | Price-to-FFO | Debt Ratio | Short Interest | |
|---|---|---|---|---|---|---|---|---|---|
| PSA | Public Storage |  | Self-Storage | 47.41 | 4.45% | Quarter | 16.1 | 12% | 3.0% |
| EXR | Extra Space Storage |  | Self-Storage | 28.87 | 4.74% | Quarter | 16.8 | 27% | 2.8% |
| CUBE | CubeSmart |  | Self-Storage | 9.40 | 4.69% | Quarter | 15.7 | 25% | 2.7% |
| NSA | National Storage |  | Self-Storage | 4.24 | 6.18% | Quarter | 13.6 | 46% | 4.9% |
| SELF | Global Self Storage |  | Self-Storage | 0.05 | 6.22% | Quarter | -- | 27% | 0.1% |
