Global Self Storage: The Right Player To Get Exposure To Self-Storage

Summary

• Global Self Storage is well positioned to take advantage of the healthy growth and demand arising globally for self-storage solutions. In the last year, transaction volume grew more than 170%.
• The company has capitalized on this market boom, tripling its net operating income from $1.4 million in 2019 to $3.6 million in 2022, largely due to increased efficiency and rent roll-up.
• Despite the company's strong financial position and consistent dividend payments, it is undervalued, with projections suggesting a potential upside of around 30% to a fair value per share of $6.60.

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Introduction: the self-storage market and SELF

Global Self Storage (NASDAQ:SELF) is a REIT that focuses on acquiring and managing self-storage properties across the US. In the last 3 years, the self-storage market experienced incredible tailwinds and attracted substantial investments

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.