ENXTBR:SHURSpecialized REITs
Shurgard Self Storage (ENXTBR:SHUR) Stock Revenue Growth Meets Margin Pressure
Shurgard Self Storage stock closed at €24.65 today, with the recent 7 day slide and 30 day decline suggesting investors are reacting nervously to the latest earnings. The headline is not revenue, which sits at €115.054m for the quarter. The real story is pressure on profitability as adjusted earnings and net operating income growth trail the expansion of the store pipeline and rentable space.
In the very near term that squeeze is what the market is trading. Over a multi year horizon the...