Self-Storage Is Big Business: How About Storing Your Money In These 2 Related REITs With Soaring Yields? – Global Self Storage (NASDAQ:SELF), National Storage (NYSE:NSA)

Over a 10-year period, self-storage real estate investment trusts have exploded, earning annual returns north of 19.1%, as SPGlobal reports. While there are many REIT sectors, including mortgage, industrial, healthcare, pure leasing and more, self-storage has the highest 10-year returns.

The increase in self-storage can be attributed to the needs of younger generations, such as millennials, looking for extra storage as they cramped in their apartments. Not to mention, many retirees who travel may find it more cost-effective to have a storage unit and a smaller home in their hometown.

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National Storage Affiliates reports that for the past 28 years since 1994, self-storage REITs saw an average 18.8% return. Here are two for investors to consider.

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National Storage Affiliates Trust NSA With a strong track record of increasing its dividend for six consecutive years, using quarterly payments, is offering a dividend yield of 5.81% annually, or $2.20 per share. National Storage Affiliates is a real estate investment trust that owns, operates, and acquires self-storage properties located within metropolitan statistical areas throughout the United States.

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National Storage is currently one of the largest owners and operators of self-storage facilities in the US and operates 1,100 self-storage properties with approximately 71.5 million rentable square feet in 42 states and Puerto Rico as of September 30, 2022. does.

National Storage has seen 900% growth since the formation of its multi-faceted acquisition strategy, primarily due to joint ventures and third-party acquisitions.

global self storage yourself Paying quarterly, with a rare track record of increasing its dividend payments, is offering a dividend yield of 5.84% annually, or 29 cents per share. Global Self Storage is a self-governing and self-managed real estate investment trust that owns, operates, manages, acquires, develops and redevelops self-storage properties for residential and commercial clients.

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Global Self Storage currently has 13 self-storage properties with a total of 968,563 square feet in several states including Connecticut, Illinois, Indiana, New York, Ohio, Oklahoma, Pennsylvania and South Carolina.

Global Self Storage’s strategic plans for growth include acquisitions directly or through joint ventures and expansion projects on existing assets.

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