Global Self Storage, Inc. (SELF) | Investment Case

1. Company Snapshot

1.a. Company Description

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties.The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.

Show Full description

1.b. Last Insights on SELF

Global Self Storage, Inc.'s recent performance was driven by strong operational excellence, as evident from its peer-leading same-store revenue, occupancy, and net operating income (NOI) growth. The company's Q3 2024 results showed a significant increase in same-store revenue, occupancy, and NOI, indicating a strong demand for self-storage services. Additionally, the company's focus on operational excellence has enabled it to maintain high occupancy levels, further contributing to its revenue growth. The company's ability to drive growth through operational improvements is a key positive driver of its recent performance.

1.c. Company Highlights

Last Price	4.99
Change Percentage	-1.38%
Open	5.09
Previous Close	5.06
Market Cap ( Millions)	57
Volume	46329
Year High	5.89
Year Low	4.73
M A 50	5.01
M A 200	5.19

FCF Yield	8.27%
Dividend Yield	5.81%
ROE	5.23%
Debt / Equity	34.08%
Net Debt / EBIDTA	173.20%
Price To Book	1.18
Price Earnings Ratio	22.41
Price To FCF	12.09
Price To sales	4.45
EV / EBITDA	13.17

2. Transcript Summary

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3. NewsRoom

Global Self Storage Declares Fourth Quarter 2025 Dividend

Dec -01

Source: accessnewswire.com

Global Self Storage Stock Up Post Q3 Earnings, Occupancy Solid

Nov -12

Source: zacks.com

Global Self Storage Reports Third Quarter 2025 Results

Nov -07

Source: accessnewswire.com

MERRELL AND LONELY GHOST CELEBRATE COMMUNITY, CONNECTION, AND SELF EXPRESSION WITH LIMITED-EDITION CAPSULE COLLECTION

Sep -23

Source: prnewswire.com

Cash Cows: 12 High-Yield REITs With Safe Dividends

Sep -05

Source: seekingalpha.com

Global Self Storage Declares Third Quarter 2025 Dividend

Sep -02

Source: accessnewswire.com

Global Self Storage Stock Dips Following Q2 Earnings and Profit Growth

Aug -13

Source: zacks.com

Global Self Storage Reports Revenue Gain

Aug -08

Source: fool.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Rental Income

Expected Growth: 4.5%

Growing demand for storage units driven by urbanization, increasing popularity of online shopping, and rising need for secure storage solutions among businesses and individuals.

Other Property

Expected Growth: 4.5%

The Other Property segment's growth is driven by increasing demand for alternative investments, rising property values, and strategic acquisitions. Additionally, the company's focus on diversifying its portfolio and optimizing its assets will contribute to growth.

Management Fees and Other Income

Expected Growth: 4.5%

Growing demand for storage facilities, increasing popularity of online shopping, and rising urbanization drive the management fees and other income segment of Global Self Storage, Inc.

7. Detailed Products

Self Storage Units

Secure and climate-controlled storage units for personal and business use, ranging from small to large sizes.

RV and Boat Storage

Outdoor and indoor storage facilities for recreational vehicles, boats, and trailers, with amenities like electrical hookups and dump stations.

Packaging and Moving Supplies

Wide range of packing materials, boxes, and moving equipment for sale, including specialty items for fragile or oversized items.

Mailbox Rentals

Private mailbox rentals with mail and package reception, forwarding, and notification services.

Business Services

Office and business services, including printing, copying, and faxing, as well as mail and package delivery acceptance.

8. Global Self Storage, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes is low for Global Self Storage, Inc. due to the lack of alternative options for customers seeking self-storage solutions.

Bargaining Power Of Customers

The bargaining power of customers is medium for Global Self Storage, Inc. as customers have some flexibility to negotiate prices, but the company's diversified customer base and pricing strategy mitigate this power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low for Global Self Storage, Inc. as the company has a diversified supplier base and is not heavily reliant on any single supplier.

Threat Of New Entrants

The threat of new entrants is high for Global Self Storage, Inc. due to the relatively low barriers to entry in the self-storage industry and the potential for new competitors to enter the market.

Intensity Of Rivalry

The intensity of rivalry is medium for Global Self Storage, Inc. as the company operates in a competitive industry, but its diversified portfolio and strong brand presence help to mitigate the impact of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	25.94%
Debt Cost	5.04%
Equity Weight	74.06%
Equity Cost	5.18%
WACC	5.14%
Leverage	35.03%

11. Quality Control: Global Self Storage, Inc. passed 6 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Angel Oak Mortgage

A-Score: 7.1/10

Value: 7.8

Growth: 6.9

Quality: 7.3

Yield: 10.0

Momentum: 4.0

Volatility: 6.7

1-Year Total Return ->

Chicago Atlantic

A-Score: 6.7/10

Value: 6.1

Growth: 9.1

Quality: 4.3

Yield: 10.0

Momentum: 1.0

Volatility: 9.7

1-Year Total Return ->

Global Self Storage

A-Score: 6.7/10

Value: 4.3

Growth: 4.3

Quality: 7.0

Yield: 10.0

Momentum: 5.5

Volatility: 9.0

1-Year Total Return ->

Plymouth Industrial REIT

A-Score: 6.3/10

Value: 6.3

Growth: 5.8

Quality: 8.1

Yield: 8.0

Momentum: 6.0

Volatility: 3.7

1-Year Total Return ->

Seven Hills Realty

A-Score: 6.0/10

Value: 7.3

Growth: 2.7

Quality: 7.9

Yield: 10.0

Momentum: 1.0

Volatility: 7.3

1-Year Total Return ->

ILPT

A-Score: 5.0/10

Value: 7.4

Growth: 3.3

Quality: 4.2

Yield: 5.0

Momentum: 7.5

Volatility: 2.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-6.61%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

5.14%

Global Self Storage, Inc. - US37955N1063

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on SELF

1.c. Company Highlights

Weak Momentum

Better Quality

Higher Growth

Revenues Miss

Average Yield

Average Growth

Revenues Beats

Stable Momentum

Strong Momentum

Average Quality

Medium Volatility

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Rental Income

Expected Growth: 4.5%

Other Property

Expected Growth: 4.5%

Management Fees and Other Income

Expected Growth: 4.5%

7. Detailed Products

Self Storage Units

RV and Boat Storage

Packaging and Moving Supplies

Mailbox Rentals

Business Services

8. Global Self Storage, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Global Self Storage, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.99$

Current Price

4.99$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA