13 Most Profitable Real Estate Stocks Now

10. Public Storage (NYSE:PSA)

Number of Hedge Fund Holders: 30

5 Year Net Income Growth: 4.10%

Public Storage (NYSE:PSA) is an owner, operator, and developer of self-storage facilities. The company opened its first self-storage facility in 1972 and has become the largest owner and operator of self-storage facilities globally. It also serves as one of the biggest landlords across the world with more than 170 million net rentable square feet of real estate.

Clearly, Public Storage (NYSE:PSA) is a self-storage industry leader. With 51 years in operation, 3,369 properties, $4.5 billion in 2023 revenues, and thousands of locations across the US and Europe, the company has a significant presence in the industry. With half of the US population residing within a Public Storage trade area, the firm has an unmatched owned scale and locations as its competitive advantage. The income growth profile also outpaces the wider real estate space.

Since the beginning of 2019, the firm’s portfolio size has expanded by 35% through $11 billion of investment and an addition of 56 million square feet. Resilient income generation, a growth-oriented balance sheet, and the potential for robust external growth make Public Storage (NYSE:PSA) an iconic brand with consumer recognition.

As of Q2, the REIT is held by 30 hedge funds. Among self-storage REITs, the firm exceeds the market cap of many known peers including Extra Space Storage, Digital Realty Trust, and Crown Castle. The stock ranks 10th among the 13 most profitable real estate stocks now.