Self Storage REITs

Self-storage REITs own and operate storage facilities. Storage REITs rent space to both individuals and to businesses. Storage is a relatively small REIT subsector, with only six publicly traded self-storage REITs.

Self-storage REITs have had a few challenging years recently, but throughout 2020 the sector has performed well. Self-storage REITs are typically regarded as a smart long-term investment.

The coronavirus pandemic has not been a significant disruption for the self-storage sector. Self storage is considered one of the most resilient asset classes. Self-storage occupancy levels have remained relatively consistent this year due to lower-than-normal move-in and move-out activity.

Widely known storage REITs are Public Storage (NYSE: PSA), Extra Space Storage Inc. (NYSE: EXR) and CubeSmart (NYSE: CUBE).