Core Viewpoint - The article discusses a selection of stocks with high dividend yields that are currently viewed unfavorably by Wall Street analysts, suggesting potential investment opportunities in these "hated" stocks. Group 1: Real Estate Investment Trusts (REITs) - National Storage Affiliates Trust (NSA) has a yield of 7.9% and operates 1,069 properties across 37 states and Puerto Rico, benefiting from a recession-resistant business model, although it is currently facing a 20% pullback in performance [3][4] - NSA's recent quarter showed declines in earnings, core FFO, same store net operating income, and occupancy, reflecting broader challenges in the self-storage sector rather than unique issues for NSA [3][4] - Alexander's (ALX) has an 8.5% yield and is highly concentrated, with 60% of its revenues coming from tenant Bloomberg. The company is in discussions for loan restructuring after failing to repay a $300 million loan [5][6] - Despite challenges, ALX has shown double-digit total returns in 2025, outperforming the broader real estate sector, but Wall Street remains skeptical due to dividend concerns [7] Group 2: Talent Solutions and Consulting - Robert Half (RHI) has a yield of 9.0% and operates in contract talent solutions, permanent placement, and consulting services. The company has seen its stock price drop 80% since its peak in 2022, leading to more Sell and Hold ratings than Buys [10][11] - The decline in RHI's stock is attributed to a post-COVID hiring moderation, with significant job losses reported, although the company believes the impact of AI on its business is overstated [12][13] - RHI's earnings are expected to drop by 45% this year, raising concerns about dividend coverage as the payout is projected to exceed earnings through at least the end of 2026 [14] Group 3: Crafting and Creativity Platform - Cricut (CRCT) boasts a high yield of 20.6% and operates as a creativity platform, offering machines and software for crafting. The company initiated a new semiannual dividend program despite declining profits [16][17] - The stock has seen a significant decline, leading to a yield increase above 20%, with analysts recommending selling the stock [19] - Despite a loyal user base and expected profit growth of over 20% in 2025, Cricut faces challenges with flat or declining revenues projected in the coming years, particularly if economic conditions affect holiday shopping [20][21]

Core Points - Extra Space Storage Inc. declared a fourth quarter 2025 dividend of $1.62 per share, payable on December 31, 2025, to stockholders of record as of December 15, 2025 [1] Company Overview - Extra Space Storage Inc. is headquartered in Salt Lake City and operates as a fully integrated, self-administered, and self-managed real estate investment trust, being a member of the S&P 500 [1] - As of September 30, 2025, the company owned and/or operated 4,238 self-storage properties, comprising approximately 2.9 million units and about 326.9 million square feet of rentable storage space [1] - The company is the largest operator of self-storage properties in the United States, offering a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage [1]

Core Viewpoint - StorageVault Canada Inc. has announced an agreement to issue $50 million in senior unsecured hybrid debentures, with an option for an additional $7.5 million, to fund debt repayment, potential acquisitions, and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of listed senior unsecured hybrid debentures due December 31, 2030, priced at $1,000 each [1]. - The expected closing date for the offering is around November 28, 2025 [1]. - The debentures will bear an interest rate of 5.60% per annum, payable semi-annually, with the first payment scheduled for June 30, 2026 [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to pay down bank debt, which may be re-drawn for the redemption of existing debentures, fund future acquisitions, and for general corporate purposes [2]. Group 3: Debt Structure - The debentures will rank subordinate to all existing and future senior secured indebtedness and will be structurally subordinated to obligations of StorageVault's subsidiaries [3]. - The debentures will not be redeemable before December 31, 2028, and can be redeemed at a premium or at par depending on the timing of the redemption [5]. Group 4: Regulatory and Compliance - The offering is subject to customary regulatory approvals, including those from the Toronto Stock Exchange [6]. - A preliminary short form prospectus will be filed with securities regulatory authorities in Canada [6]. Group 5: Company Overview - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [8].

Group 1 - Public Storage (PSA) is a leading US-based REIT specializing in the development and operation of self-storage facilities, with significant brand recognition in the industry [1] - The business model of Public Storage is generally viewed positively, indicating a strong market position and potential for growth [1] Group 2 - The Investment Doctor emphasizes a diversified portfolio that includes both dividend and growth stocks, focusing on high-quality small-cap investment opportunities in Europe [1] - The investment group European Small Cap Ideas provides exclusive research on appealing European investment opportunities, highlighting the importance of capital gains and dividend income for continuous cash flow [1]

Blackstone gets more time to assess a potential bid for UK self-storage landlord Big Yellow Group https://t.co/kaTvfYSCpy ...

Core Insights - Global Self Storage reported record-high revenues and sector-leading occupancy growth for Q3 2025, driven by operational excellence and strategic marketing efforts [1][8][14]. Q3 2025 Highlights - Total revenues increased by 0.8% to a record $3.2 million, with same-store revenues also rising by 0.8% to the same amount [4][18]. - Net income decreased to $496,000 or $0.04 per diluted share, down from $1.2 million or $0.10 per diluted share in the same period last year [4][21]. - Same-store occupancy increased by 170 basis points to 93.2% from 91.5% year-over-year [4][20]. - Same-store average tenant duration reached a record-high of approximately 3.5 years, compared to 3.4 years in the previous year [4][20]. - Funds from operations (FFO) decreased by 8.0% to $1.0 million or $0.09 per diluted share [4][22]. - Adjusted FFO (AFFO) decreased by 6.0% to $1.1 million or $0.10 per diluted share [4][22]. First Nine Months 2025 Highlights - Total revenues for the first nine months increased by 2.2% to $9.5 million, compared to $9.3 million in the same period last year [23][26]. - Net income for the first nine months was $1.7 million or $0.15 per diluted share, down from $2.0 million or $0.18 per diluted share [25][29]. - Same-store revenues increased by 2.1% to $9.5 million [26]. - Same-store net operating income (NOI) increased by 2.2% to $5.9 million [27]. Dividend Information - The company declared a quarterly dividend of $0.0725 per share, consistent with the previous quarter and the same period last year, representing an annualized rate of $0.29 per share [5]. Company Strategy and Outlook - The objective of Global Self Storage is to enhance shareholder value through strategic acquisitions and expansion projects [6][12]. - Management expressed confidence in the company's operational performance and capital resources, which are expected to support the execution of its strategic business plan [7][12]. - The company is focusing on high-quality tenants and disciplined acquisition strategies to drive future growth [13].

THIRD QUARTER 2025 EARNINGS PRESENTATION Presented by: November 6, 2025 JanusIntl.com JanusIntl.com 1 Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA forward-looking guidance for 2025 included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quanti ...

Fund Performance - The Third Avenue International Real Estate Value Fund generated a return of +3.96% for the quarter ended September 30, 2025, compared to the FTSE EPRA/NAREIT Global ex US Index, which returned +4.03% [3] - Annualized returns for the Fund over various periods are as follows: 1 Year: 11.67%, 3 Year: 13.13%, 5 Year: 9.22%, 10 Year: 7.63%, Inception: 6.19% [4] Investment Strategy - The Fund adopts a cautious investment approach in listed real estate companies with significant emerging market exposure, focusing on experienced management teams, well-capitalized balance sheets, and smart capital allocation decisions [5] - CTP NV, a holding in the Fund, has approximately 35% exposure in Eastern Europe and manages high-quality industrial real estate across 13.5 million square meters [6] Market Trends - CTP's management highlighted strong growth rates driven by the 'nearshoring' trend, with a +16% return on equity and raised growth targets indicating potential mid-teens earnings per share growth over the next five years [7] - The demand for leasing from Asian-based manufacturers has increased to 20%, up from 10%, driven by the 'China plus one' strategy to diversify supply chains [8][9] Regional Insights - Southeast Asian countries like Malaysia, Thailand, and Vietnam are benefiting from the diversification strategy, with Thailand experiencing a 132% growth in foreign direct investment in the first half of the year [10][12] - Amata Corporation, a new investment by the Fund, specializes in developing industrial estates in Thailand and Vietnam, with a strong annual earnings growth of 20% over the past three years [13][14] Valuation and Growth Potential - The Fund acquired Amata shares at attractive valuations, around half of a conservative net-asset value estimate and a 6 times price-to-earnings ratio compared to a ten-year average of 12 times [14] - Big Yellow Group PLC, another Fund holding, has a share price offering 45% upside to the assessed net asset value, with potential interest from Blackstone for acquisition [29][32] Sector Exposure - The Fund's industrial real estate exposure accounts for 20%, with a focus on companies benefiting from 'nearshoring' and 'China plus one' trends, particularly in Central and Eastern Europe, Mexico, and Southeast Asia [17] - The Asia Pacific region now constitutes half of the Fund's assets, with the UK and Europe making up about one-third [20]

Core Viewpoint - CubeSmart reported third-quarter results that met expectations, with strong performance in coastal and urban markets, while sunbelt properties faced challenges in balancing rate and occupancy [2] Financial Results - Net income attributable to common shareholders for Q3 2025 was $82.9 million, down from $100.8 million in Q3 2024, with diluted EPS decreasing to $0.36 from $0.44 [4] - Adjusted FFO for Q3 2025 was $149.0 million, compared to $153.0 million in Q3 2024, with adjusted FFO per diluted share decreasing by 3.0% to $0.65 [5] - Same-store NOI decreased by 1.5% year-over-year, driven by a 1.0% decrease in revenues and a 0.3% increase in operating expenses [10][13] Investment Activity - No acquisitions were made in Q3 2025, but the company acquired an 80% interest in HVP IV for $452.8 million earlier in the year [6] - Contracts were signed to acquire three properties in Arizona, Florida, and New Jersey for a total of $65.3 million, expected to close in Q4 2025 [7] - One development property in New York was opened at a cost of $18.1 million, with another joint venture property under construction, anticipating a total investment of $19.0 million [8] Third-Party Management - The third-party management platform expanded to 863 stores, totaling 56.6 million rentable square feet, with 46 stores added in Q3 2025 [11] Operating Results - The total consolidated portfolio included 660 stores with 48.2 million rentable square feet and a physical occupancy rate of 88.6% as of September 30, 2025 [14] - Total revenues increased by $14.2 million, while property operating expenses rose by $9.0 million compared to Q3 2024, primarily due to acquisitions and new developments [15] Financing Activity - The company issued $450 million in unsecured senior notes due 2035, with proceeds used to repay debt and for general corporate purposes [17] Quarterly Dividend - A quarterly dividend of $0.52 per common share was declared on July 29, 2025, and paid on October 15, 2025 [19] 2025 Financial Outlook - The company estimates fully diluted EPS for 2025 to be between $1.46 and $1.50, and adjusted FFO per share to be between $2.56 and $2.60 [21]

Core Insights - Public Storage's third quarter results demonstrate strong operational performance and strategic initiatives that have led to increased revenue and core FFO per share growth [4][8][9] Operational Innovations - The company has achieved a 30% reduction in labor hours while enhancing employee engagement and reducing turnover [1] - Digital transformation has led to 85% of customer interactions occurring through digital channels, improving customer service and operational efficiency [2] Financial Performance - Public Storage reported a core FFO per share growth of 2.6%, a significant acceleration from the previous year [8] - Same-store revenue growth was driven by strong customer behavior, with in-place rents increasing by 0.6% despite lower occupancy [6][40] Market Trends - The company is experiencing operational stabilization and lower competition from new supply, which has positively impacted acquisition activity [4][25] - The West Coast markets are showing strong demand trends, with same-store revenue growth in the range of 2% to 4% [7][42] Capital Allocation and Growth Strategy - Public Storage has accelerated portfolio growth with over $1.3 billion in acquisitions and developments announced this year, supported by a $650 million development pipeline [5][49] - The company maintains a strong balance sheet with a net debt to EBITDA ratio of 4.2 times, allowing for continued investment in growth opportunities [6] Future Outlook - The company has raised its 2025 outlook for same-store and non-same-store NOI growth, reflecting positive trends in operational performance [4][9] - Anticipated challenges include property tax comparisons and the impact of rental rate restrictions in Los Angeles, which may affect fourth-quarter performance [19][41]