EXR Extra Space Storage
Sector: Imobiliário · 4 fundos · 4 cartas
Convicção fund × trimestre
Teses por gestor
Baron Real Estate Income Fund Q4 2025 nova posição conv. core
Best-in-class self-storage REIT com portfolio de 4.200+ properties nos EUA (14% market share). Re-adquirido após gestora se tornar mais bullish em self-storage. Cinco pilares: (1) growth inflection 2026/2027, (2) self-storage atractivo long-term (less cyclical demand, pricing power, low capital intensity), (3) scale advantages amplified por AI, (4) proven management (CEO Joe Margolis), (5) cap rate >6% vs private market low-5%.
Baron Real Estate Fund Q2 2025 sair conv. em observação
Best-in-class self-storage REIT. Gestora exited T2 ($23,7M, #3 top net sale). Long-term bullish em self-storage thesis (excellent businesses, less cyclical demand, pricing power, low capex, scale advantages) mantém-se mas near-term concern com lock-in effect em existing homes deprimir self-storage demand e market rents mais longo que widely believed. Current valuation fair, not overly cheap — capital reallocated para investments com superior return potential.
Diamond Hill Large Cap Concentrated Fund Q4 2024 manter conv. core
REIT de self-storage. Pressionado no 4T pela subida das taxas dos Treasuries a 10 anos, que penalizou os REITs em geral; taxas elevadas podem ainda atrasar a recuperação das vendas de casas, alimentando o sentimento negativo no trimestre.
Shares of self-storage real estate investment trust (REIT) Extra Space Storage were pressured in Q4 as 10-year Treasury rates rose, broadly impacting REITs.
"As acções do REIT de self-storage Extra Space Storage foram pressionadas no 4T com a subida das taxas dos Treasuries a 10 anos, que impactou os REITs em geral."
Diamond Hill Select Strategy Q4 2024 sair conv. média
Fundo de investimento imobiliário (REIT) de self-storage, vendido no trimestre em favor de oportunidades mais atractivas, contribuindo para financiar as novas posições iniciadas em Huntington Ingalls e lululemon.