PSA - Millionaires Know All About This Boring Stock. Do You?
2023-12-14 06:42:00 ET
There are few businesses less exciting than self-storage real estate. After all, you're talking about a bunch of mostly pre-fabricated buildings that customers store things in and rarely go to.
Sometimes, however, boring businesses are the best businesses, and early investors in self-storage leader Public Storage (NYSE: PSA) know this very well. Over the past 30 years, Public Storage has generated a 5,870% total return for investors -- more than five times what the S&P 500 produced in the same period.
Public Storage is a real estate investment trust, or REIT (pronounced "reet"), specializing in self-storage properties. It owns just under 3,300 properties in 40 states with a total of 238 million rentable square feet.
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Millionaires Know All About This "Boring" Stock. Do You?