This Storage Unit Stock Has A Better 1-Year Return Than Microsoft, Apple, Starbucks And Moderna

Public Storage 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 MSFT, Apple Inc AAPL, Wells Fargo & Co WFC and Moderna Inc 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 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

Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesMoversTrading Ideasstoragestorage units
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!