5 Best Warehouse and Self-Storage Stocks to Buy

4. National Storage Affiliates Trust (NYSE:NSA)

Number of Hedge Fund Holders: 28

National Storage Affiliates Trust (NYSE:NSA) is an REIT that focuses its attention on acquiring and developing self-storage properties in the top 100 metropolitan areas in the United States. The firm has properties in 35 states and in Puerto Rico.

National Storage Affiliates Trust (NYSE:NSA) has a strong business model that allows it to partner with local firms in different cities which then allows it to leverage their expertise to deliver unique competitive advantages. This has allowed the company to have an average same store revenue growth of 6.6%, same store NOI of 8.5%, and average core FFO per share growth of 16.4% over the past five years – beating all of its major peers in the industry. The firm also pays a 55 cent dividend for a 3.8% yield.

Insider Monkey profiled 895 hedge funds for this year’s June quarter and found out that 28 had bought National Storage Affiliates Trust (NYSE:NSA)’s shares.

Out of these, National Storage Affiliates Trust (NYSE:NSA)’s largest investor is Israel Englander’s Millennium Management which owns 1.2 million shares that are worth $60 million.