Today’s chart highlights an expanding American industry…
As regular readers know, following the leaders of big secular trends can be a profitable investment strategy.
And these days, the trend of “owning stuff” is in full force. In fact, self-storage facilities outnumber McDonald’s restaurants in the U.S. Today, we’re looking at one of the winners in this space…
Extra Space Storage (EXR) has become the second-largest provider of self-storage units in the country. It has 1,400 locations, comprising 103 million square feet of rentable space.
And business is booming… The company’s first-quarter net income increased more than 9% from the same period last year. And same-store revenue increased more than 5%.
The trend is up for the company’s stock, as well… Shares have climbed about 30% over the past year, recently hitting a fresh 52-week high.
As long as Americans are buying, moving, and hoarding possessions, big players in the self-storage space should continue to do well.
At least 41 major US banks have just made a drastic change to the way money in America works. It could have some major implications for you, your money and your retirement. But it's crucial you understand what's happening, before these changes get applied to your bank account. Here's everything you need to know.
Source: Daily Wealth