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Global Self Storage, Inc. (NYSE:GSS)

Global Self Storage, Inc. is a self-administered REIT that owns self-storage properties throughout the United States. The Company invests in self-storage properties through its wholly owned subsidiaries, and its stores provide residential and commercial customers with climate-controlled and covered auto storage. Global Self Storage has thirteen locations across the United States. It also operates self-storage properties in Canada, Mexico, and the United Kingdom.

ReitRating(tm) score for Global Self Storage

The ReitRating(tm) score is based on the REITNotes industry-specific rating system. The score is a numerical value, out of 10 (the highest being 100), and it represents the company’s overall performance over the past year. Below is a graph of the company’s overall REITRating(tm) score over the past trading period. The forward annualized dividend value is based on the most recent value.

The REIT, Global Self Storage, Inc., is a self-managed REIT focused on self-storage properties throughout the United States. Its subsidiaries own and operate eleven self-storage properties in New York, Connecticut, and Pennsylvania. It also has properties in South Carolina and Indiana. Its ReitRating(tm) score is a 0.7. Global Self Storage currently holds a ReitRating(tm) score of -70.

Company’s financial position

Investors can evaluate the financial health of Global Self Storage, Inc. (NYSE:GSS) by looking at its EV to FFO multiple, its major shareholders, and its dividend yield. We also examined the company’s management, and we noted that the company’s interests are aligned with those of its shareholders. Global Self Storage’s financial situation is in good shape, and we’ve rated it a buy, based on our valuation analysis of its recent results.

While Global Self Storage’s payout ratio is high, there are a number of warning signs that investors should consider. Global Self Storage’s dividend payment date is 29 June 2022, and investors should pay close attention to this date. During this period, the company has seen a wide range of prices in relation to its historical earnings, a metric called beta. Moreover, the company’s earnings growth is significantly below the industry average.

Facilities

While the majority of self-storage companies concentrate on primary markets, Global Self Storage is also pursuing growth in the secondary and tertiary markets. These markets are known for their strong demographics and limited supply growth. Global Self Storage recently completed an expansion of one of its stores in Millbrook, New York. The company has seen a strong performance over the past few years. The company also recently expanded its revolving credit facility and completed an equity offering, which increased its capital resources to $21 million.

Many Global Self Storage facilities are secured, and are equipped with security cameras and controlled gate access. Most facilities feature standard steel roller doors, as well as other security features. For additional security, many facilities feature an on-site manager and excellent lighting. In addition, tenants can purchase or rent a lock to protect their belongings. All of these features help Global Self Storage provide a clean and safe environment for customers. For more information about the benefits of using a storage facility, contact a Global Self Storage facility today.

Management

Global Self Storage is a leading third-party self-storage management company. Its experienced team of professionals can take care of your business’ staff, collections, marketing, insurance, and maintenance needs. The company also offers third-party management for property owners and developers looking to streamline their operations. Its services help self-storage owners maximize the value of their assets and achieve operational excellence. To learn more, contact Global Self Storage today to learn about the services it offers.

GSS evaluates marketed and off-market self-storage properties. Its focus will be secondary markets in the Midwest, Northeast, and Mid-Atlantic, where demand is greater than supply. Moreover, these secondary markets have high barriers to entry for new self-storage development. Permitting is typically more difficult and new supply is rare. So, there’s a high potential for growth. Global Self Storage Management’s upcoming investor meeting will feature a Q&A session with company executives and key stakeholders.