Public Storage (NYSE:PSA) helps organize and store your belongings, and over the past year delivered astonishing returns.
Since January 2021, Public Storage stock’s one-year return has outperformed several of the world’s most popular tech and growth stocks: Microsoft Corporation (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), Wells Fargo & Co (NYSE:WFC) and Moderna Inc (NASDAQ:MRNA).
Public Storage is a Glendale, California-headquartered REIT that primarily acquires, develops, owns and operates self-storage facilities.
Through equity interests, Public Storage also has exposure to the European self-storage market through Shurgard Europe and to an additional 29 million net rentable square feet of commercial space in the U.S. through PS Business Parks Inc (NYSE:PSB).
Here's how the returns break down from July 2021 to the present:
- Starbucks is down from $102.54 to $98.04 for a return of -4.36%
- Apple is up from $127.83 to $170.56 for a return of 33.43%
- Microsoft is up from $216.44 to $304.40 for a return of 40.64%
- Moderna is up from $125.01 to $187.89 for a return of 50.30%
- And finally, Public Storage is up from $220.62 to $359.73 for a return of 63.05%
Photo by Joshua Coleman on Unsplash
