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Global Self Storage, Inc.NasdaqCM:SELF Aktierapport

Marknadsvärde US$62.4m
Aktiekurs
US$5.29
US$6.25
15.4% undervärderad intrinsisk rabatt
1Y3.2%
7D-3.4%
Portföljens värde
​
Utsikt

Global Self Storage, Inc.

NasdaqCM:SELF Aktierapport

Börsvärde: US$62.4m

Global Self Storage (SELF) Aktievy

Global Self Storage, Inc. är en självadministrerad och självförvaltad REIT som äger, driver, förvaltar, förvärvar och utvecklar self-storage-fastigheter. Mer information

SELF fundamental analys
Snöflinga Score
Värdering3/6
Framtida tillväxt1/6
Tidigare resultat2/6
Finansiell hälsa5/6
Utdelningar6/6

Belöningar

Handlar till 36.4% under vår uppskattning av dess verkliga värde

Intäkterna förväntas växa med 8.15% per år

Ger en hög och pålitlig utdelning på 5.36%

Riskanalys

Har inte ett meningsfullt börsvärde ( $62M )


SELF Community Fair Values

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Global Self Storage, Inc. Konkurrenter

Prishistorik och prestanda

Sammanfattning av aktiekursernas upp- och nedgångar samt förändringar för Global Self Storage
Historiska aktiekurser
Aktuell aktiekursUS$5.41
52 veckors högstaUS$5.89
52 veckors lägstaUS$4.73
Beta0.047
1 månads förändring4.85%
3 månaders förändring6.71%
1 års förändring3.24%
3 års förändring5.66%
5 års förändring7.77%
Förändring sedan börsintroduktionen44.27%

Senaste nyheter och uppdateringar

Recent updates

Analysartikel • Nov 17

Is Now The Time To Put Global Self Storage (NASDAQ:SELF) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Oct 09

Global Self Storage: Trading At A Steep Discount But Hold For Now

Summary Global Self Storage recently posted very nice Q2 2022 results and increased its dividend. However, it has traditionally underperformed the market by far and it is currently trading at a discount to the average peer P/FFO multiple. The company is trading at an even steeper discount from a cap rate standpoint. Occupancy rates have been falling in same stores since last year. I would hold this company if I already had it in my portfolio, but I wouldn't initiate a new position right now. Today I'm taking another look at Global Self Storage (SELF) in an effort to update my last article on the company. In that article, I had concluded that Global Self Storage is a small-cap storage REIT with relatively low leverage and an attractive dividend. However, I also concluded that its performance was questionable, in relation to its peers. So, how does the company look today? A glimpse into Q2 2022 results The company reported significant increases in every REIT - related metric for the second quarter of 2022. Adjusted FFO increased by 42% on a quarterly basis, reaching $0.11 per share. Total revenues increased by $3 million, which stands for a 15.7% increase on a quarterly basis. Based on these results, the company announced the increase of its quarterly dividend by 11.5%, reaching $0.0725 per common share. This figure stands for a 5.1% annualized dividend yield and represents a safe 66% dividend payout ratio. Finally, overall occupancy rate landed at 93.1%, while at the end of 2021 was 94.2% and at the end of Q1 2022, it was at 95.7%. Same Store QoQ comparison (Global Self Storage September 2022 Investor Presentation) One of the very impressive milestones of the company is that they managed to grow their FY 2021 FFO figure by nearly 60%, outperforming all of their peers by far. Given that the self-storage market is expected to grow by 2% per annum in the following years and also the fact that Global Self Storage is a small cap, growing REIT, it would be reasonable to say that such performance could be repeated in the future. However, if we look at the bigger picture, the company is underperforming relative to its peers. As we can see in the graph presented below, during the first half of 2022, the company's revenue growth was at the lower half of the peer group, while they showed the lowest occupancy rate among their peers. In terms of NOI growth, things look better, but I would expect better performance from a smaller REIT. Finally, the company is paying a higher dividend yield than all of its peers, which at today's share price, reaches 5.1%. Global Self Storage vs its peers, 1H 2022 (Global Self Storage September 2022 Investor Presentation) This is also reflected in the total return of the peer group, as it is shown in the graph presented below. We can see that Global Self Storage has significantly underperformed its peers, during the last 5 years, providing its shareholders with nearly 58% total return, while Extra Space Storage (EXR) reached more than two times this figure. Data by YCharts Valuation considerations The company is now trading just above 15 times its forward FFO, which is one of the lowest valuation multiple among its peers. On the contrary, Extra Space Storage, which as I wrote before, outperformed all of its peers, is trading at the highest valuation multiple, which shows the trust of investors. P/FFO (FWD) SELF 15.14 PSA 18.38 NSA 14.42 CUBE 15.95 LSI 16.99 EXR 20.29
Seeking Alpha • Jul 28

Global Self Storage: Expect Attractive Performance To Continue

Global Self Storage has done incredibly well in recent months, with revenue and cash flows continuing to grow. Despite seeing its share price rise, the stock is still trading at a discount to much larger peers. Given recent performance, I suspect the business will continue to be worth consideration from long-term investors. When it comes to the world of REITs, asset types can vary significantly. And personally, one of the types of assets that I find most interesting are those dedicated to the self-storage space. They often require very little in the way of maintenance and, just by virtue of existing and holding products that other people own, generate attractive cash flows with little overhead. Most of the players in this market are rather large by comparison. But this doesn't mean that there aren't very small firms that are worth consideration. One that is particularly noteworthy and that is trading at a discount to its larger peers is Global Self Storage (SELF). And given recent performance achieved by the company, I must say that shares still seem to be a ‘buy’ to me. Performance Continues To Wow Back in November of 2021, I wrote an article that looked upon Global Self Storage in a favorable light. In that article, I said that the company's historical performance had been attractive. I was drawn in by its revenue growth over the prior years and I said that while shares of the company weren't cheap, they were affordable. This was especially true when considering how the company was priced compared to similar firms. At the end of the day, these revelations led me to rate the enterprise a ‘buy’. Since then, the firm has outperformed even my own expectations. You see, when I rate a firm a ‘buy’, my general opinion is that the company is likely to outperform the broader market for the foreseeable future. But unless it is a ‘strong buy’ rating, I don't expect it to beat the broader market by double-digit percentage points in the span of just a few months. But that is precisely what we have seen here with Global Self Storage, with shares generating a return for investors of 9.8% at a time when the broader market has fallen by 14.7%. Author - SEC EDGAR Data This strong performance seems to have been driven in large part by attractive fundamental performance generated by the firm. To start with, let's touch on how the company finished off its 2021 fiscal year. When I last wrote about it, we only had data covering through the third quarter of that year. But today, we now know that revenue came in at $10.5 million for the year. That represents an increase of 14.2% over the $9.2 million generated just one year earlier. It also marks at least the fifth year in a row in which revenue increased for the enterprise. According to management, there were really two key drivers of this rise in sales. One big contributor was an increase in the rental rates the company charges its customers. And the other was the results of its revenue rate management program of raising existing tenant rates. However, the company also experienced a 13.2% rise in revenue associated with other store income, with that increase largely driven by increased insurance participation at both its wholly owned and managed properties. This rise in revenue for the company also translated to stronger profitability. Operating cash flow went from roughly $2 million in 2020 to $3.6 million in 2021. In addition to benefiting from higher revenue, the company also saw a 1.9% decrease in operating costs, largely due to decreased depreciation and amortization and also because of a reduction insert in general and administrative expenses. While the depreciation and amortization would not have impacted operating cash flow, the other decreases certainly would have. This decrease in costs also helped to push other profitability metrics higher as well. FFO, or funds from operations, went from $2.1 million in 2020 to $3.4 million last year. On an adjusted basis, this metric went from $2.2 million to nearly $3.6 million. Meanwhile, EBITDA also increased, climbing from $3.2 million to $4.7 million. Author - SEC EDGAR Data So far, the 2022 fiscal year also looks to be rather positive for the company. Revenue of $2.8 million in the first quarter of the year is higher than the $2.4 million generated the same time one year earlier. Profitability, meanwhile, has also been on the upswing, with operating cash flow rising from $675.8 million in the first quarter of 2021 to $1.1 billion the same time this year. FFO has gone from $602.1 million to $913.9 million, while the adjusted equivalent of this went from $633.8 million to $971.8 million. Meanwhile, EBITDA has gone from $951 million to just under $1.2 billion. Author - SEC EDGAR Data We don't really know what to expect for the rest of the fiscal year. But if we annualize results experienced so far for the first quarter, we should anticipate operating cash flow of nearly $6 million. FFO should be $5.1 million, while the adjusted figure for this should be $5.5 million. Meanwhile, EBITDA should come in somewhere around $5.7 million for the year. Taking these figures, it doesn't become difficult to value the company. For instance, on a forward basis, the firm is trading at a price to operating cash flow multiple of 10.3x. This compares to the 16.8 multiple that we get if we use the 2021 results. The price to FFO multiple should drop from 18.3 using last year's results to 12.1x for this year. On an adjusted basis, this multiple should drop from 17.1x to 11.1x. And when it comes to the EV to EBITDA approach, the multiple should decline from 16.1x to 13.2x. As part of this analysis, I also compared the company to five similar firms. On a price to operating cash flow basis, these companies ranged from a low of 17.5x to a high of 24.2x. And when it comes to the EV to EBITDA approach, the range was from 20.3x to 24.1x. In both scenarios, Global Self Storage was the cheapest of the group. Company Price / Operating Cash Flow EV / EBITDA Global Self Storage 16.8x 16.1x Public Storage (PSA) 21.2x 22.8x Extra Space Storage (EXR) 24.2x 23.1x CubeSmart (CUBE) 19.1x 22.5x Life Storage (LSI) 20.2x 24.1x National Storage Affiliates Trust (NSA) 17.5x 20.3x Economic Musings Given recent economic conditions, investors are well within their sensibilities to ask what the impact of things like a recession, inflation, and rising interest rates, might have on a company like Global Self Storage. Obviously, every company is different and everything ultimately depends on the severity of any adverse economic events. But for the most part, investors in the self-storage space should find themselves sleeping soundly at night. I say this because there is ample evidence to support the view that this particular industry will fare quite well if current turbulence continues. Consider the impact that a recession might have on the self-storage space. Back in 2008, when it looked as though the world was falling apart, this industry actually still managed to achieve growth of 5% year over year. While this may seem unlikely, it's quite logical when you understand why people use self-storage to begin with. Often, it is utilized when people are, for whatever reason, forced to move from one area to another and need some place to park their goods. What better time for that kind of activity than during a recession? And it's unlikely that the goods in question will instead be thrown away because, while definitely affordable, self-storage is expensive enough that people generally wouldn't use it for items that can be easily disposed of and replaced later. So if people are going to be forced to move around and change their living conditions, self-storage should see demand increase if anything during difficult times.
Seeking Alpha • May 16

Global Self Storage: Great Big Name For A Tiny Company

I previously identified self-storage as one of 7 REIT sectors likely to outperform in 2022. That prediction has not worked out well thus far, but one self-storage REIT is handily beating the REIT average: Global Self Storage (SELF). Although its name implies a large international operation, the company is just the opposite: Very small and regional. Current expert ratings on Global Self Storage are very optimistic. This article examines growth, balance sheet, dividend, and valuation metrics, to assess the company's near-term future.
Seeking Alpha • Feb 17

Global Self Storage: Low Leverage, High Dividend, Questionable Performance

This small-cap REIT is rapidly growing, and still it has a very low leverage. Revenue and NOI growth outperform its peers, although historical total returns lag significantly. The 4.3% dividend yield is well covered by the company's FFO. They follow a geographical differentiation strategy, by investing in low profile locations, with limited competitor presence. Overall, an interesting company and a potential long opportunity, although the active share offering may stall the share price for a while.
Seeking Alpha • Nov 27

Global Self Storage: A Small REIT To Consider

Global Self Storage has generated attractive performance so far this year. The company's overall trend of growth continues and the long-term prospects for the firm should be appealing. Shares aren't exactly cheap, but they are certainly affordable.
Seeking Alpha • Sep 15

Global Self Storage: An Interesting REIT To Keep An Eye On

Global Self Storage is a small self storage REIT with a strong balance sheet and trading at just over its book value. The P/FFO is currently approximately 17, but I expect the FFO to increase as SELF continues to deploy capital. The quarterly dividend of $0.065 is fully covered and provides a handsome 5% dividend yield. I currently don't have a position but would be interested in going long.
Seeking Alpha • Jun 30

Commentary Regarding Recent Public Offering By Global Self Storage

Just this last week, Global Self Storage consummated an underwritten public offering that increased its outstanding shares by about 11.9%. The market's reaction was swift and decisively negative. The market perception is analyzed here in terms of likely prospective economic dilution.
Analysartikel • Jun 02

The Compensation For Global Self Storage, Inc.'s (NASDAQ:SELF) CEO Looks Deserved And Here's Why

We have been pretty impressed with the performance at Global Self Storage, Inc. ( NASDAQ:SELF ) recently and CEO Mark...
Analysartikel • Dec 10

How Should Investors React To Global Self Storage's (NASDAQ:SELF) CEO Pay?

Mark Winmill has been the CEO of Global Self Storage, Inc. ( NASDAQ:SELF ) since 2012, and this article will examine...

Aktieägarnas avkastning

SELFUS Specialized REITsUS Marknad
7D-3.4%-0.4%2.1%
1Y3.2%2.7%30.6%

Avkastning vs industri: SELF matchade US Specialized REITs branschen som gav 2.7 % under det senaste året.

Avkastning vs Marknaden: SELF presterade sämre än US marknaden som gav 30.6 % under det senaste året.

Prisvolatilitet

Is SELF's price volatile compared to industry and market?
SELF volatility
SELF Average Weekly Movement2.5%
Specialized REITs Industry Average Movement3.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stabil aktiekurs: SELF har inte haft någon betydande prisvolatilitet under de senaste 3 månaderna jämfört med marknaden för US.

Volatilitet över tid: SELF s veckovolatilitet ( 2% ) har varit stabil under det senaste året.

Om företaget

GrundadAnställdaVD OCH KONCERNCHEFWebbplats
198333Mark Winmillwww.globalselfstorage.us

Global Self Storage, Inc. är ett självadministrerat och självförvaltat REIT-bolag som äger, driver, förvaltar, förvärvar och utvecklar förvaringsfastigheter. Dess self-storage-fastigheter är utformade för att erbjuda prisvärda, lättillgängliga och säkra förvaringsutrymmen för bostads- och kommersiella kunder. Genom sina helägda dotterbolag äger och/eller förvaltar bolaget 13 self-storage-fastigheter i Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina och Oklahoma.

Global Self Storage, Inc. Sammanfattning av grunderna

Hur förhåller sig Global Self Storage:s resultat och omsättning till dess börsvärde?
SELF grundläggande statistik
BörsvärdeUS$62.37m
Vinst(TTM)US$2.00m
Intäkter(TTM)US$12.71m
30.7x
P/E-förhållande
4.8x
P/S-förhållande

Är SELF övervärderat?

Se Verkligt värde och värderingsanalys

Resultat & intäkter

Viktig lönsamhetsstatistik från den senaste resultatrapporten (TTM)
SELF resultaträkning (TTM)
IntäkterUS$12.71m
Kostnad för intäkterUS$4.86m
BruttovinstUS$7.84m
Övriga kostnaderUS$5.85m
IntäkterUS$2.00m

Senast redovisade vinst

Dec 31, 2025

Nästa vinstdatum

n/a

Vinst per aktie (EPS)0.18
Bruttomarginal61.71%
Nettovinstmarginal15.71%
Skuld/egenkapitalförhållande33.9%

Hur har SELF utvecklats på lång sikt?

Se historisk utveckling och jämförelse

Utdelningar

5.4%
Aktuell utdelningsavkastning
81%
Utbetalningskvot

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/05/07 10:13
Aktiekurs vid dagens slut2026/05/07 00:00
Intäkter2025/12/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som användes för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och tutorials på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Global Self Storage, Inc. bevakas av 3 analytiker. 2 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Gaurav MehtaAlliance Global Partners
Viacheslav ObodnikovFreedom Broker
Zhiger KurmetFreedom Broker