Top 3 Self Storage Stocks to Watch This Earnings Season, According to Wells Fargo By Investing.com
Update: 2025-10-29
Description
📣 Attention investors! As earnings season kicks off for the self storage sector on October 29th, Wells Fargo highlights three resilient players: Extra Space Storage, Public Storage, and SmartStop Self Storage REIT. Despite market challenges, these companies are thriving with smart strategies.Extra Space Storage (EXR) is Wells Fargo's top pick, boasting increased move-in rates and better occupancy. Their merger with Life Storage and expansion into related businesses like bridge loans and facility management drive growth. With a new $4.5 billion credit agreement, they're well-positioned for high revenue and profit growth through 2026, supporting their above-average stock price.Public Storage (PSA) shows mixed signals, with fewer move-ins and missed targets. However, they're buying more properties and could benefit from expiring Los Angeles rent rules in 2026.SmartStop Self Storage REIT is expected to report better third-quarter revenue for stores open at least a year, thanks to easier comparisons, a small move-in rate rebound, and fewer rent concessions. Investors will watch these companies closely to see how they capitalize on trends and maintain growth.
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