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

By Benzinga
Benzinga
Benzinga
January 20, 2022 Updated: January 20, 2022

Public Storage 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, Apple Inc., Wells Fargo & Co. and Moderna Inc..

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.

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 percent
Apple is up from $127.83 to $170.56 for a return of 33.43 percent
Microsoft is up from $216.44 to $304.40 for a return of 40.64 percent
Moderna is up from $125.01 to $187.89 for a return of 50.30 percent
And finally, Public Storage is up from $220.62 to $359.73 for a return of 63.05 percent

By Henry Khederian

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga