Investors that want to participate in the booming real estate market without the hassles of owning property prefer real estate investment trusts or REITs. The current market for warehouse and self-storage REITs is flourishing, according to Vic Patel, the founder of Forex Training Group. By 2026, the self-storage market in the United States is predicted to be worth $64.71 billion, implying a 5.45 percent compound annual growth rate. CubeSmart, Extra Space Storage Inc., and Public Storage are among the most well-known warehouse and self-storage stocks.
Insider Monkey dives into the 12 best warehouse and self-storage stocks to buy. The Duke Realty Corporation is a well-known real estate company. They have their own bulk warehouses and cutting-edge distribution centers. At the end of June, 15 of the 873 hedge funds tracked by Insider Monkey were long Duke Realty, with positions totaling $49.1 million. STAG Industrial, Inc. is a real estate investment trust (REIT) that invests in and manages single-tenant industrial properties across the United States. STAG Industrial has made it easier for investors to establish a stable mix of growth and income by focusing primarily on industrial assets. StorageVault Canada Inc. is the tenth on the list. It is Canada’s first publicly traded self-storage REIT, having over 200 facilities across the country. PS Business Parks, Inc. is another REIT in the United States that owns, develops, and manages commercial properties. The corporation owns 97 properties in California, Texas, Virginia, Florida, Maryland, and Washington State, totaling 28 million square feet of rental space. CubeSmart is a self-storage REIT based in Pennsylvania. It is the eighth stock on the list because it operates over 1000 indoor storage facilities around the country. For more details, click 12 Best Warehouse And Self-Storage Stocks To Buy.
Unsplash