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0 0 0 0 0.00424972956266406 0.00424972956266406 0.00440426518312466 -0.00633596043888133
Stock impact report

Self-storage real estate has ‘close to zero' correlation to the broader economy. That's a good thing [CNBC]

Extra Space Storage Inc (EXR) 
Last extra space storage inc earnings: 2/18 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.extraspace.com/investor-relations
Company Research Source: CNBC
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Self-storage, those non-descript, boxy buildings with hundreds of garage doors across the units, are a relatively low-risk, resilient investment, according to new research from Heitman. Unlike other sectors that are dependent on interest rates, job growth or income growth, self-storage is agnostic — people need to put their junk in storage regardless. Heitman is a global real estate investment and management firm with about $10.5 billion invested in self-storage across more than 140 markets. Over the last 15 years, self-storage has outperformed industrial, multifamily, office and retail in net operating income, ac Show less Read more
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