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Cycle Short '24: Storage
9 tickers · $242.82B total market cap
Group: Cycle Short
The current thesis for Cycle '24 Short: Storage is bearish. Due to a combination of overcapacity, normalization of e-commerce growth post-pandemic, and potential interest rate cuts, the storage sector, specifically companies like CUBE, PLD, and PSA, are expected to face headwinds. Rising operational costs and fluctuating demand further challenge their profitability and growth prospects.
Cycle Short '24: Storage tracks 9 publicly listed stocks in this theme: COLD, CUBE, EXR, NSA, PLD, PSA, SAFE.LSE, SHUR.BR, UHAL. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Prologis, Inc.PLD | 04/16/2026 (BMO) | 04/16/2026 (BMO) | -3.16% | 3.81% | 10.34% | -1.83% | $132.80B | 11.1111 |
Public StoragePSA | 04/27/2026 (AMC) | 04/27/2026 (AMC) | 2.73% | -3.62% | 1.71% | 0.11% | $52.22B | 11.1111 |
Extra Space Storage Inc.EXR | 04/28/2026 | 04/28/2026 | 4.56% | 0.71% | -7.68% | -0.16% | $29.63B | 11.1111 |
U-Haul Holding CompanyUHAL | 02/04/2026 (AMC) | 05/27/2026 (AMC) | -15.45% | — | -2.76% | — | $9.30B | 11.1111 |
CubeSmartCUBE | 04/30/2026 (AMC) | 04/30/2026 (AMC) | 2.31% | 1.08% | -1.60% | -2.94% | $8.87B | 11.1111 |
Americold Realty Trust, Inc.COLD | 05/07/2026 | 05/07/2026 | -3.46% | 16.85% | 11.63% | -5.59% | $4.00B | 11.1111 |
National Storage Affiliates TrustNSA | 05/05/2026 | 05/05/2026 | 1.92% | 4.21% | 21.89% | -3.94% | $3.21B | 11.1111 |
Shurgard Self Storage S.A.SHUR.BR | 08/14/2025 | — | -0.71% | — | -29.50% | — | $2.77B | 11.1111 |
Safestore Holdings plcSAFE.LSE | 01/15/2026 (AMC) | 06/10/2026 (AMC) | 2.39% | — | -23.42% | — | $18.2M | 11.1111 |
| Average | -0.99% | 3.84% | -2.15% | -2.39% | $26.98B | 11.1111 | ||
| Median | 1.92% | 2.45% | -1.60% | -2.39% | $8.87B | 11.1111 | ||
| Std Dev | 5.73% | 6.36% | 15.53% | 2.02% | $40.67B | 0.0% | ||
| Min | -15.45% | -3.62% | -29.50% | -5.59% | $18.2M | 11.1111 | ||
| Max | 4.56% | 16.85% | 21.89% | 0.11% | $132.80B | 11.1111 | ||
| % Positive Tickers | 55.56% | 83.33% | 44.44% | 16.67% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.