Baron Capital Re-Initiated Public Storage Position in 2026

โดย Insider Monkey·

Summary · why it matters

Baron Capital re-initiated positions in Public Storage in 2026, according to the firm's second-quarter 2026 letter for the Baron Real Estate Income Fund. The fund said it had been cautious on self-storage REITs for several years because of flat to negative growth, but turned moderately more positive in 2025 as its research pointed to a potential inflection point, with growth possibly reaccelerating in 2026-2027. Baron described self-storage as an attractive business with a long history of solid growth, strong inflation protection characteristics and comparatively low capital intensity. The fund gained 12.18% on Institutional Shares in the quarter, modestly outperforming the MSCI US REIT Index, which rose 11.84%. Public Storage closed at $296.67 per share on September 21, 2026, down 8.06% over the past month and up 5.09% over the past 52 weeks, with a market capitalization of $55.43 billion and a 52-week trading range between $256.54 and $335.55.