2024-02-12 15:07:00 ET
Summary
- Public Storage is a self-storage company in the US with over 3300 locations and 238 million rentable square feet.
- The company has consistently shown growth in rents and profitability and benefits from long-term industry tailwinds.
- The recent quarter has shown positive indications for growth, which leaves me optimistic for F2024.
- At a reasonable valuation, I believe Public Storage could be a reasonable income stock with growth potential to add to a well-diversified portfolio.
Company Overview
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For further details see:
Public Storage: Store Away And Lock Up Your Shares For The Long Term