This preferred continues to outperform the market in this pullback. It just got an analyst upgrade this week for its defensive qualities in recessions and its strong balance sheet. The shares are cumulative, with strong 7X coverage.
Public Storage (PSA) is the biggest self storage REIT in the market, with a market cap of ~$39B. PSA acquires, develops, owns and operates self-storage facilities. As of 12/31/19, it had interests in 2,483 self-storage facilities located in 38 states with approximately 169 million net rentable square feet in the United States.
Source: Seeking Alpha
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