On March 14, 2010, I wrote about an unglamorous sector in the real estate industry: self-storage facilities.
And I gave a profile of Public Storage (PSA), a real estate investment trust (REIT) that is one of the largest landlords in the world.
Since then, PSA has gone from $88 to $273 on April 1, 2016. Today, it’s floating in the $250 range. That’s a 17%+ annual rate of return. Meanwhile shareholders were also rewarded with a 3% dividend.
To see why demand for these garage-size spaces should continue to grow, click here.