Record-high occupancy rates and returns that outperformed all other REIT sectors in 2021 have the six self-storage REITs engaged in an intense competition for market share that has fueled a binge of acquisitions in the fragmented sector.
The consolidation trend will continue this year, analysts say, with Public Storage, the largest operator, poised to accelerate the expansion of its industry-leading portfolio.
According to an analysis this month by The Motley Fool, Public Storage is flush with cash and industry-highest occupancy rates that put the leading self-storage REIT in a prime position to accelerate its $2.3B expansion strategy.
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