SELF - Global Self Storage: There Are Better Opportunities On The Market
2023-04-11 02:31:24 ET
Summary
- Global Self Storage is a REIT specializing in the management and rental of self-storage units in the US, with a large opportunity in the self-storage market.
- Global Self Storage has grown strongly, achieving revenue growth of 14%, and adjusted FFO increased 31% year-over-year.
- The strong performance is due to digital marketing initiatives, continued focus on controlling store-level operating costs, and superior customer service efforts.
- The emerging recession may pose a risk to the company, as their occupancy rates fell sharply in 2009.
- An investment in Global Self Storage is an attractive choice, given the growth potential in revenue, FFO, and dividends, and the attractive stock valuation.
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Global Self Storage: There Are Better Opportunities On The Market