Real Estate
Self-Storage REITs
2 companies under coverage.
Coverage
Self-Storage REITs
Equity Research
Public Storage (PSA)
The bull case — 'Bull — Cap-Rate Compression / Re-Rate' (8% weight) — targets $518, +63% vs spot. It needs the multiple to hold or expand.
Equity Research
Extra Space Storage Inc (EXR)
The bull case — 'Bull — Cap-Rate Compression / Re-Rate' (8% weight) — targets $231, +59% vs spot. It needs the multiple to hold or expand.