Public Storage: Summer relocations provide seasonal tailwind

Public Storage is one of the largest operators of self-storage facilities in the USA and is among the most recognized real estate companies in the REIT sector. The company rents storage spaces to individuals and business clients who need extra space for furniture, documents, inventory, or seasonal items. The business model is considered relatively stable because demand is driven by relocations, divorces, downsizing, and small businesses. At the same time, Public Storage benefits from a high fragmentation of the market, as many smaller operators...