Formerly known as Uncle Bob’s Self Storage, Life Storage maintains approximately 900 self-storage facilities in 30 states, including California, Texas and East Coast markets. Like some of the other storage REITs mentioned here, it has an impressive dividend yield, most recently reaching 3.9%. Over the last three years, LSI has seen its share price increase by more than 50%, which can be attributed in part to a number of strategic acquisitions and growth moves. Though its momentum has slowed slightly over the past few months, Life Storage is coming off a strong 2019, with both revenue and earnings up over 2018’s figures. Recommendation ratings lean more toward the “buy” side as the REIT beat its second-quarter funds from operation estimates.
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