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.
For years, we've been led to believe the tech firm operating at 500 Howard Street in Silicon Valley is "one of the good guys." But will the advanced form of AI that just emerged from this location change the way we live, work and invest forever? Marc Chaikin reveals the time-sensitive details of this discovery and offers you a FREE 3-part playbook to protect your future. Click here for the details.
Source: Daily Wealth
