Monday, August 21, 2006

Store Some Gains

2006 has not been a year for the bulls. Despite cooling real estate prices, REITS (Real Estate Investment Trusts) continue to push higher. I have a position in United Dominion Realty (UDR), which rents out apartments. The storage business in REITS has been hitting new highs and attention should be paid to the group. The leaders of the pack in storage REITS are Public Storage Inc. (PSA) and Shurgard Storage Centers Inc (SHU). The "followers" in the group include U-Store-It Trust (YSI), Sovran Self Storage (SSS), and Extra Space Storage (EXR).

Note: I am long UDR


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