PSA - Like Life Storage? Consider This Stock First
2023-03-31 05:47:00 ET
Investors are flocking to self-storage real estate investment trust (REIT) Life Storage (NYSE: LSI) . Talk of a potential buyout from its larger peer, Public Storage (NYSE: PSA) , and super-strong earnings for the full year 2022 drove its share price up 26% since the start of the year.
Life Storage is without a doubt a solid dividend stock for an income investor. But its recent popularity means it's trading at somewhat of a premium. If you're looking for exposure to the resilient and high-performing self-storage industry but want a better value than Life Storage can offer today, here's why you should consider National Storage Affiliates Trust (NYSE: NSA) instead.
National Storage Affiliates Trust is the newest publicly traded self-storage REIT to hit the market. The company went public in 2015 with 246 self-storage properties in its portfolio.
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Like Life Storage? Consider This Stock First