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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 ...