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Global Self Storage (NASDAQ:SELF) is a small publicly traded self-storage real estate investment trust ("REIT") with a market cap of just +$57M. Similar peers, such as National Storage Affiliates (NSA) and Life Storage, Inc (
Global Self Storage: A Small REIT That Performs Competitively
Summary
- Global Self Storage is a small publicly traded REIT with a market cap of just +$57M and a simple portfolio of 13 properties.
- Despite its scale, the company performs competitively in relation to their significantly larger self-storage peer set.
- Following strong performance through 2022, the dividend was recently increased by 11.5%.
- Their strong financial position will likely enable further hikes in future periods and/or provide them with the necessary capital to pounce on accretive external opportunities.
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