Why are Storage REITS Outperforming OtherREITS?
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Abstract
Recent developments in the REIT stocks have seen acritical divergence. Most REITs have outperformed S&P 500 index over the sample period that covers about twenty years. However, within different sectors of this industry, storage REITs are the outperformers. In this paper, we examine different forces that are impacting Storage REITs. Also, there are some structural trends that are having a significant effect on this sector of real estate. Using structural breakpoint methodology, we can identify changes that are occurring in this industry, in particular storage REITs and identify factors that affect the performance of this real estate sector.
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