NoDerog
Global Self Storage (NASDAQ:SELF) is a REIT that owns and operates 13 self storage properties in the North East.
The company's income and margins have jumped significantly in the last three years thanks to cost control coupled with fast
Global Self Storage Is An Interesting Company But Also Expensive
Summary
- SELF is a small REIT operating 13 storage space properties in the U.S. northeast.
- The company's management has been conservative and did not jump on the bandwagon of recent real estate and self storage properties speculation.
- With great cost management and fast-growing revenues, the company's operating income and margins exploded since 2020.
- However, in my view, SELF is currently priced for perfection, implying revenue growth of 20% without any corresponding cost increase.
- I believe SELF is a great company to follow, but not to buy at current prices.
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