Storage: the most profitable business in America
Instead of telling you about trading fundamentals, I believe it's better to speak about why people open storage facilities in the first place.
9.5% of all Canadians rent Self-Storage space. It's a recurring bill for about 3.5 million Canadians each month. On average they pay 150 CAD a month. That's about 1800 CAD a year on average for every Canadian.
It is the single most profitable business, yielding about 30% cash on cash returns per year.
So what is StorageVault? It's a company that's in the real estate business, that also generates profits. They own their lands, and are acquiring the Canadian competition. They started giving out dividends of .5%, and I'm pretty sure this will increase in the future. If you are looking for a great long-term investment, this one is it.
9.5% of all Canadians rent Self-Storage space. It's a recurring bill for about 3.5 million Canadians each month. On average they pay 150 CAD a month. That's about 1800 CAD a year on average for every Canadian.
It is the single most profitable business, yielding about 30% cash on cash returns per year.
So what is StorageVault? It's a company that's in the real estate business, that also generates profits. They own their lands, and are acquiring the Canadian competition. They started giving out dividends of .5%, and I'm pretty sure this will increase in the future. If you are looking for a great long-term investment, this one is it.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.