This Stock is Soaring

Today’s company profits when our homes can’t fit all our odds and ends…

In DailyWealth, we love finding big, secular trends to invest in. For example, retired Baby Boomers are downsizing their homes, while millennials flock to crowded cities. This means folks from every generation often just have too much stuff…

And nearly 10% of American households turn to this company or its competitors…

Extra Space Storage (EXR) is America’s second-largest self-storage company. Its 1,752 warehouses offer a whopping 134 million square feet of rentable space.

And folks are filling up that space…

The company enjoys roughly 94% occupancy of its established stores, and sales reached $323.6 million in the most recent quarter – a 9% jump year over year.

EXR shares are up more than 45% over the past two years, and they just hit a new all-time high. As long as Americans continue to keep things that they can’t fit at home, you can bet on the self-storage boom…

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Source: Daily Wealth’s Market Notes