|Day's Range||211.23 - 214.96|
|52 Week Range||200.65 - 260.83|
|PE Ratio (TTM)||30.27|
|Dividend & Yield||8.00 (3.77%)|
|1y Target Est||N/A|
Self-storage facility owners such as Public Storage are expected to ride high backed by higher demand for storage, mainly due to demographic changes and higher rent.
Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.
Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.