Today, we put the spotlight on one of the market’s hidden gems: the self-storage industry. Americans, it seems, have too much stuff. The U.S. has five times more storage facilities than Starbucks cafes. And each day, the industry adds four to five more properties just to keep up with demand.
One of my favorites is Public Storage (NYSE:PSA). The company built its first self-storage facility in 1972. Today, the company owns a sprawling empire of properties across Europe and the United States, totaling some 142 million square feet of real estate. You can’t find a simpler business. The customer sends the storage company a check each month. In return, the company gives the customer a key to an empty unit.
Source: Seeking Alpha
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