Checking In With This 4.4%-Yielding Storage REIT

This company is a fast-growing self-storage REIT. It has spent hundreds of millions of dollars in 2018 in order to scale its real estate platform and grow FFO. Shares sell for an elevated 2019e FFO multiple due to high investor expectations with respect to above-average FFO and dividend/share growth. An investment in the stock yields 4.4 percent. There is strong chance that the yield on cost will rise going forward.

National Storage Affiliates Trust (NYSE:NSA) is a fast-growing real estate investment trust in the storage sub-sector. The REIT is acquiring new properties at a fast clip which has boosted its funds from operations per-share growth since its IPO. The REIT has a low FFO payout ratio and raises its dividend twice a year. The share price continues to reflect high FFO growth expectations going forward. An investment in NSA at today's price point yields 4.4 percent.

Source: Seeking Alpha

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