This hurricane season has been one to remember, and it’s not even over yet, with two more storms currently churning in the Gulf of Mexico and the Atlantic.
Destruction from Harvey and Irma is only now being accounted for, and the cleanup is just starting. And in those billions of dollars being spent, investors can find opportunities. We’ve already talked about the beaten down refiners and insurance stocks, but there is one more hidden play on the hurricane season.
And that’s self-storage units.
Believe or not, self-storage units and real estate investment trusts (REITs) offer one of the best dividend plays in the hurricane season, cleanup efforts and money spent by homeowners/the government.
We have had low volatility for a long time now. Read more about it here.
Big Storms, Big Demand
Hurricanes Harvey and Irma were two of the worst storms to make landfall in the U.S. in what appears to be decades. Rain and high winds pelted Texas and Florida causing widespread flooding and damage. Estimates for the recovery and rebuilding efforts have been predicted to be as high as $260 billion for both storms combined.