Despite large and growing declines in both the commercial and residential real estate markets, one part of the real estate sector is having a good year. Self-storage companies, which are often structured as REITs, are posting some good numbers. Face it, American's have way too much stuff and not enough space to store it at home. Americans move, go away to college, get divorced, join the military and/or lose their homes in foreclosure with alarming regularity. All of these life events require short-term storage. According to a survey in Investment News, self-storage REITs have generated total returns of 20% or more YTD. This compares very favorably with the 5% or more drop in the S&P 500 stock index YTD.

A snapshot of the sector shows four of the largest self-storage companies on the upswing. Sovran Storage Incorporated (NYSE: SSS) at $40.88 is up 1.95% YTD. Most other self-storage REITs have more impressive returns. Extra Space Storage (NYSE: EXR) at $15.11, up 6.90% YTD. Public Storage Incorporated (NYSE: PSA) at $83.55 is one of the most expensive self-storage stocks. It is up 7.59% YTD. The bargain in the self-storage sector is U Store It Trust (NYSE: YSI). At $11.54 the stock is up a whopping 28.82% YTD. Investors should call around to self-storage companies in their areas. Chances are they will not find many vacant units.