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We are a self-administered and self-managed real estate company focused primarily on the ownership, operation, development, management, and acquisition of self-storage properties in the United States. The Parent Company owns its assets and conducts its business through the Operating Partnership and its subsidiaries.
39.97% operating margin is above average. ROIC at 11.44%.
Revenue grew 5.3%, steady but not accelerating. Margins contracted 5.3pp, which offsets some of the top-line progress.
Operating margin contracted 5.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$1.13B
▲ +5.3% YoY
Net Income (TTM)
$327M
▼ -14.7% YoY
Op. Margin
39.51%
▼ -5.3pp YoY
ROIC
11.36%
▼ -1.5pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$611M
▼ -3.6% YoY
Net Debt
$473M
Cash & Equiv.
$7M
5Y CAGR: +10.6%
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