PSA - I'm Betting On 5%-Yielding Extra Space Storage To Grow My Wealth
2024-05-04 09:20:19 ET
Summary
- Extra Space Storage is my preferred REIT investment due to its strong performance and ability to deliver long-term value.
- Despite industry headwinds, EXR has maintained occupancy rates and implemented effective revenue strategies, demonstrating resilience.
- EXR offers a solid dividend yield of 4.6% and has growth potential in the self-storage industry.
Introduction
It's time to discuss one of my two REIT investments.
As we can see in the overview below, real estate is my third-largest sector. In this sector, I own Public Storage ( PSA ) and Extra Space Storage ( EXR ) , the star of this article.
Leo Nelissen - Dividend Growth Portfolio
I have written countless (bullish) articles on these two companies. However, in recent weeks, I have thought about diversifying my real estate exposure....
I'm Betting On 5%-Yielding Extra Space Storage To Grow My Wealth