Baron Real Estate Fund Added Public Storage (PSA) Ahead of Inflection

Baron Real Estate Fund Added Public Storage (PSA) Ahead of Inflection Soumya Eswaran Mon, June 15, 2026 at 8:00 PM GMT+7 3 min read PSA PSA-PF PSA-PG PSA-PI PSA-PJ Baron Capital, an investment management company, released its Q4 2025 letter for its “Baron Real Estate Fund”. A copy of the letter is available to download here. Baron Real Estate Fund was recognized as the Best Real Estate Fund Over Three Years at the 2026 LSEG Lipper Funds Awards, reflecting the three-year performance ending December 31, 2025. The Fund declined 5.39% (Institutional Shares) in Q1, underperforming the MSCI USA IMI Extended Real Estate Index (−0.96%) and the MSCI US REIT Index (+4.52%). Despite the Q1 decline, the long-term performance remains strong. The letter covers current thoughts, portfolio composition, key themes, top contributors and detractors, recent activity, and outlook for real estate and the Fund. The Fund has a positive outlook on the broader equity market and public real estate, and maintains a constructive outlook with compelling reasons to stay the course. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter, Baron Real Estate Fund Strategy highlighted Public Storage (NYSE:PSA). Public Storage (NYSE:PSA) is a leading real estate investment trust that owns and operates self-storage facilities. On June 12, 2026, Public Storage (NYSE:PSA) closed at $324.71 per share. One-month return of Public Storage (NYSE:PSA) was 9.05%, and its shares gained 9.63% over the past 52 weeks. Public Storage (NYSE:PSA) has a market capitalization of $57.21 billion.

Baron Real Estate Fund stated the following regarding Public Storage (NYSE:PSA) in its Q1 2026 investor letter: