Earlier this year, I contributed SeekingAlpha articles titled Buying Properties At A Steep Discount and Global Self Storage Value Just Got More Attractive. Both articles quantified a steep and rising discount to market valuation at which shares of Global Self Storage (NASDAQ: SELF) were trading at the time of publication. The thesis presented in those articles remains fundamentally in-tact. However, since 16-Aug, there have been several material developments that warrant brief commentary.
What are these events?
- On 4-October, SELF entered into a contract to purchase a 12th storage property, Erie Station Storage,