PSA - This Overlooked Stock Has Made Investors a Fortune
There are over 200 publicly traded real estate investment trusts (REITs). While income-focused investors might be able to name some of the sector's largest players, few probably know its best performer over the past decade. That distinction goes to Extra Space Storage (NYSE: EXR) , a self-storage REIT overshadowed by industry giant Public Storage (NYSE: PSA) .
Here's why investors won't want to miss this high-performing REIT.
Extra Space Storage has delivered the highest total returns in the REIT sector over the last decade. Overall, the self-storage REIT has produced a nearly 690% total return, or almost 23% annualized. That's significantly higher than the S&P 500 's roughly 250% total return (13.5% annualized). It's also much higher than the next-best-performing REIT, SBA Communications , and its 19.1% annualized total return, and the No. 2 performing self-storage REIT, CubeSmart , and its 17.7% annualized total return. Meanwhile, Extra Space's returns were even further above those of self-storage leader Public Storage, which produced an 11.8% total annualized return over the last 10 years.
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This Overlooked Stock Has Made Investors a Fortune