Some REITs will do better than others. In this case we’re talking about the self-storage REITs. The owners of self-storage facilities have been hot over the last few years as the dour housing market has persisted. The trends in downsizing, kids moving back home after college and the increase in the number of renters has played directly into the sector’s hands. The self-storage REITs have managed to post great returns, rising cash flows and, of course, big dividends for shareholders.
According to the latest NAREIT data, the publicly traded self-storage sector has managed to post a whopping 25.4% annual total return over the last five years. And those kinds of returns should continue into the new year, since nothing has changed for the sector. Housing is still in the dumps and the economy, while better, still isn’t exactly surging. Rising M&A, consolidation and continued trends in housing will only serve to benefit the storage REITs. For investors, that means there’s still plenty of “oomph” left for the storage REITs. Here’s three to buy today: Pubic Storage (PSA), CubeSmart (CUBE) and Sovran Self Storage (SSS).
Source: InvestorPlace
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Score BIG With Storage! 3 Sure-Thing REITs
Posted by D4L | Wednesday, December 16, 2015 | ArticleLinks | 0 comments »________________________________________________________________
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