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SmartStop Self Storage Marks 15 Years in Canada With Continued Growth and Market Leadership
Businesswire· 2025-12-18 01:19
Core Insights - SmartStop Self Storage REIT, Inc. celebrates its 15th anniversary of operations in Canada, marking a significant milestone in its commitment to providing secure and customer-focused storage solutions [1][2] Company Overview - SmartStop is an internally managed real estate investment trust (REIT) that specializes in self-storage facilities in the United States and Canada [1] - The company has expanded its Canadian footprint since entering the market in 2010, becoming the largest self-storage operator in the Greater Toronto Area (GTA) and the fourth largest in Canada [2] Operational Expansion - SmartStop operates 49 properties across Ontario, British Columbia, Alberta, and Quebec, with the recent opening of its first location in Montréal [3] - The company has modernized its facilities, improved digital tools, and expanded security systems to adapt to changing storage needs [4] Leadership Statements - H. Michael Schwartz, Chairman and CEO, emphasized the trust from partners and the dedication of teams as key factors in reaching this milestone, reaffirming the company's commitment to enhancing storage experiences [4] - Bliss Edwards, Executive Vice President – Canada, highlighted the focus on expanding presence and strengthening the portfolio as central to the company's future in Canada [5] Portfolio and Scale - As of December 17, 2025, SmartStop has a portfolio of over 460 operating properties across 34 states, Washington D.C., and Canada, comprising more than 270,000 units and 35 million rentable square feet [5] - In Canada, SmartStop and its affiliates own or manage 49 operating self-storage properties, totaling approximately 42,200 units and 4.3 million rentable square feet [5]
StorageVault Announces Quarterly Dividend For Q4 2025
Globenewswire· 2025-12-15 22:09
TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX announced today that a quarterly dividend of $0.002991 per common share (“Common Share”) ‎will be payable on ‎January 15, 2026 to shareholders of record on December 31, 2025, with an ex-dividend ‎date of December 31, 2025. This dividend has been designated as an “eligible dividend” for Canadian ‎income tax ‎purposes.‎ ‎ About StorageVault Canada Inc.StorageVault owns and operates 265 storage lo ...
Elevated Mortgage Rates May Keep CubeSmart (CUBE) Demand Muted, According to Mizuho
Yahoo Finance· 2025-12-10 01:49
Group 1 - CubeSmart (NYSE:CUBE) is recognized among the 15 Dividend Stocks with a yield of over 4% for 2025 [1] - Mizuho analyst Ravi Vaidya has reduced the price target for CubeSmart from $43 to $38, maintaining a Neutral rating, citing disappointing performance expectations for 2025 [2] - The company reported positive move-in rates in its same-store portfolio for the first time since Q1 2022, attributing this to a favorable pricing environment and customer support [3] Group 2 - In Q3 2025, CubeSmart's same-store occupancy averaged 89.9%, ending at 89%, and the company opened a new development property costing $18.1 million [4] - CubeSmart added 46 stores to its third-party management platform, bringing the total to 863 managed stores [4]
Brookfield, GIC Agree $4.5 Billion Deal for Australia's National Storage
WSJ· 2025-12-08 00:07
Core Viewpoint - A consortium has entered into a takeover agreement for the largest self-storage provider in Australia and New Zealand after nearly two weeks of exclusive due diligence [1] Group 1 - The consortium's agreement marks a significant move in the self-storage industry within the Australia and New Zealand markets [1]
Blackstone mulls abandoning bid for UK's Big Yellow Group, Sky News reports
Reuters· 2025-12-01 15:57
Blackstone is "seriously contemplating" abandoning its bid for British self-storage company Big Yellow Group ahead of the upcoming deadline for a firm offer, Sky News reported on Monday, citing source... ...
News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs
MoneySense· 2025-11-26 23:39
Group 1: Barrick Gold - A judge in Mali ordered Barrick's Loulo-Gounkoto gold complex to be placed under provisional administration for six months, but a deal announced will drop all charges against the company and its employees [1] - The provisional administration of the Loulo-Gounkoto complex will be terminated, and operational control will be returned to Barrick [1] - Barrick's subsidiaries will withdraw arbitration claims pending before the International Centre for Settlement of Investment Disputes [2] Group 2: Alimentation Couche-Tard - Alimentation Couche-Tard reported net earnings of US$740.6 million in Q2, an increase from US$708.8 million year-over-year, translating to 79 cents per share, up from 75 cents [4][6] - The company's revenue for the period was US$17.9 billion, a 2.6% increase from US$17.4 billion in the previous year [5][6] - Total merchandise and service revenues reached US$4.7 billion, rising 6.6% year-over-year, with same-store sales growth reported across all geographies for the second consecutive quarter [5] Group 3: Blue Ant Media Group - Blue Ant Media Corp. signed a stock-and-cash agreement to acquire Thunderbird Entertainment Group for $89 million, aimed at enhancing its studio business and cash flow [7] - Thunderbird shareholders can choose to receive either 0.2165 of a Blue Ant subordinate voting share, $1.77 in cash, or a combination for each share held, with a maximum cash limit of $40 million [8] Group 4: National Storage REIT - Brookfield and GIC made a takeover offer for National Storage REIT valued at approximately A$4 billion (around C$3.7 billion) [10] - National Storage has about 94,500 customers across over 270 storage centers in Australia and New Zealand, with the offer providing A$2.86 cash per stapled security [11] - The offer includes a potential dividend of six Australian cents, which would reduce the cash payable per stapled security by the same amount [12]
Is Wall Street Bullish or Bearish on Public Storage Stock?
Yahoo Finance· 2025-11-20 12:04
Core Viewpoint - Public Storage (PSA) has experienced significant underperformance compared to the broader market and its sector peers, despite reporting better-than-expected financial results for Q3 2023 [2][4]. Company Overview - Public Storage is a REIT based in Glendale, California, focused on acquiring, developing, owning, and operating self-storage facilities. The company has a market cap of $47.6 billion and operates 3,399 facilities across 40 states, totaling approximately 247 million net rentable square feet in the U.S. [1]. Stock Performance - Over the past year, PSA shares have declined by 20.4%, while the S&P 500 Index has increased by nearly 12.3%. Year-to-date in 2025, PSA stock is down 11.1%, contrasting with a 12.9% rise in the S&P 500 [2]. - PSA's performance is also lagging behind the Real Estate Select Sector SPDR Fund (XLRE), which has seen a decline of about 7% over the past year [3]. Financial Results - For Q3 2023, PSA reported a Funds From Operations (FFO) of $4.31 per share, exceeding Wall Street's expectation of $4.24. The company's revenue reached $1.22 billion, surpassing the forecast of $1.21 billion. PSA anticipates full-year FFO in the range of $16.70 to $17 per share [4]. Analyst Expectations - Analysts project PSA's FFO per share to grow by 1.2% to $16.87 for the current fiscal year ending in December. The company's FFO surprise history shows mixed results, beating estimates in three of the last four quarters [5]. - Among 21 analysts covering PSA, the consensus rating is a "Moderate Buy," with 13 "Strong Buy" ratings and eight "Holds" [5]. Price Targets - UBS analyst Michael Goldsmith maintained a "Neutral" rating on PSA, lowering the price target to $293, indicating a potential upside of 10.1%. The mean price target is $324.68, suggesting a 22% premium to current levels, while the highest price target of $350 indicates a potential upside of 31.5% [6].
What Are Wall Street Analysts' Target Price for Extra Space Storage Stock?
Yahoo Finance· 2025-11-18 13:13
Core Insights - Extra Space Storage Inc. (EXR) is a real estate investment trust (REIT) focused on self-storage facilities, with a market capitalization of $28.2 billion [1] - The company has significantly underperformed the broader market, with a 20.7% decline in shares over the past 52 weeks, while the S&P 500 Index gained 13.7% [2] - EXR's Q3 results were mixed, with core FFO of $2.08 slightly exceeding estimates but total revenue of $858.5 million missing analyst expectations [4] Financial Performance - For the current fiscal year, analysts project a 10.5% year-over-year decline in FFO to $8.16 [5] - The company's FFO surprise history shows mixed results, exceeding consensus estimates in three of the last four quarters [5] Analyst Ratings - Among 22 analysts covering EXR, the consensus rating is a "Moderate Buy," with eight "Strong Buy," one "Moderate Buy," and 13 "Hold" ratings [5] - Barclays PLC analyst Brendan Lynch maintains a "Buy" rating with a price target of $169, indicating a 29.5% potential upside [6] - The mean price target of $156.47 suggests a 19.9% premium from current levels, while the highest target of $178 indicates a 36.3% potential upside [6]
How Much Would It Take To Earn $100 A Month From CubeSmart Stock
Yahoo Finance· 2025-11-16 13:00
Core Insights - CubeSmart, a real estate investment trust, reported Q3 2025 earnings with FFO of $0.65, meeting expectations, while revenues of $285.08 million exceeded the consensus estimate of $281.65 million [2] - The company maintains a dividend yield of 5.58%, having paid $2.08 per share in dividends over the last 12 months [1][2] - For the full year 2025, CubeSmart estimates EPS to be between $1.46 and $1.50, and FFO per share between $2.56 and $2.60 [3] Financial Performance - The stock price of CubeSmart has fluctuated between $34.24 and $50.70 over the past 52 weeks [1] - The CEO noted that coastal and urban markets performed strongly, while sunbelt properties faced trade-offs between rate and occupancy [3] Dividend Insights - To earn $100 per month from CubeSmart dividends, an investment of approximately $21,505 is required, based on the current dividend yield [4][5] - The calculation for dividend yield is based on annual dividend payments divided by the stock's current price, which can fluctuate over time [5][6]
Global Self Storage Stock Up Post Q3 Earnings, Occupancy Solid
ZACKS· 2025-11-12 15:51
Shares of Global Self Storage, Inc. (SELF) have gained 1.2% since the company reported its earnings for the quarter ended Sept. 30, 2025, lagging the S&P 500 Index’s 1.9% advance over the same period. Over the past month, the stock has been up 2.1% compared with the broader market’s 3.5% growth.SELF’s Earnings SnapshotIn the third quarter of 2025, Global Self Storage posted modest top-line growth but materially lower earnings versus a year earlier. Total revenues edged up 0.8% to $3.23 million from $3.20 mi ...