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PSA - This Self-Storage REIT Is Delivering Explosive Growth
Public Storage
Public Storage (NYSE: PSA) recently reported exceptional third-quarter results. The self-storage real estate investment trust ( REIT) grew its core funds from operations (FFO) by a jaw-dropping 30% year over year. That's a huge number for a company targeting 8% annual FFO growth.
Here's a closer look at the quarter and why this real estate company appears poised to continue growing at an accelerated pace in the coming quarters.