Public Storage +2,350% in 20 Years

Here’s a look at Public Storage ($PSA) which is one of those quiet stocks that have been amazing performers over the last few decades. Here’s a company description from Hoovers:

If the attic or garage runneth over, Public Storage can help. The real estate investment trust (REIT), is one of the largest self-storage companies in the US. It operates more than 2,100 storage facilities comprising some 135 million sq. ft. of storage space both at home and in Europe (through its Shurgard Europe affiliate). The firm’s self-storage properties, located in densely populated areas, generate some 90% of the company’s sales. Public Storage, which was founded in 1980, also rents trucks, and sells moving supplies such as locks, boxes, and packing supplies. It owns 41% of publicly traded PS Business Parks, an office building REIT.

Over the last 20 years, the stock is up 2,350% and that doesn’t include dividends. The stock currently yields 3.2%.

Posted by on July 12th, 2011 at 12:25 pm


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