Company Information

  

Address: 6410 POPLAR AVE.
SUITE 650 
City: MEMPHIS 
State: TN 
Zip Code: 38119 
Telephone: 901.567.9522 

Description of Business

Primary SIC Code: 6798
(As filed with the SEC)  

We are a commercial real estate company that invests primarily in new or recently-constructed and opened self-storage facilities located predominately in dense urban submarkets within large United States metropolitan statistical areas ("MSAs"). Facilities in which we invest are largely vertical (three to ten floors), 100% climate controlled and technologically adapted buildings, which we call Generation V facilities, located in submarkets with demographic profiles and competitive positions that management believes will support successful lease-up and value creation in the project. Our investments include mortgage loans typically coupled with equity interests as well as outright ownership of self-storage facilities. Our principal business objective is to deliver attractive risk-adjusted returns by investing in new Generation V facilities primarily in urban submarkets.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.080.35016.76
12/20171.100.35017.28
09/20171.460.35014.08
06/20172.010.35010.95
03/20172.380.3509.68
12/20162.420.3508.70
09/20161.760.35010.89
06/20160.630.35022.13

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.05Total Liab/Total Assets0.03
Net Inc/Total Assets0.05Total Liab/Inv Cap0.03
Net Inc/Inv Cap0.05Total Liab/Comm Equity0.03
Pretax Inc/Net Sales1.01Interest Coverage Ratio12.68
Net Inc/Net Sales1.19Curr Debt/EquityNA
Cash Flow/Net Sales-0.29LTD/Equity0.00
SG&A/NetSales0.76Total Debt/Equity0.00
Asset Utilization   Liquidity  
Net Receivables Turnover1.87Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E0.05  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 5.22 3.93 3.36 2.60
Cost of Goods Sold 0.31 0.08 0.05 0.11
Selling & Admin Exps 3.41 2.60 2.42 2.08
Operating Income 0.79 1.01 0.65 0.44
Interest Exp 0.42 0.30 0.32 0.23
Pretax Income 4.80 2.61 3.73 4.60
Other Income 4.43 1.89 3.40 4.39
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 5.35 3.13 4.46 5.19

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 15.24 46.98 55.00 100.53
Receivables - Total 1.10 1.31 1.75 6.62
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 300.38 243.77 204.33 171.45
Total Assets 417.25 314.63 284.19 305.13
Liabilities        
Accounts Payable 13.21 8.10 7.77 8.59
Debt in Current Liabilities 30.00 0.00 0.00 NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 0.73 0.72 0.67 20.15
Total Liabilities 43.94 8.81 8.43 28.73
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 108.17 37.76 9.45 9.45
Common Stock 0.14 0.14 0.14 0.14
Retained Earnings -12.20 -8.90 -6.55 -5.72
Treasury Stock NA NA NA NA
Total Stockholders' Equity 373.31 305.82 275.76 276.39
Total Liabilities and Stockholders' Equity 417.25 314.63 284.19 305.13

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -2.12 -4.13 0.10 1.58
Net Cash Provided by Investing Activities -124.83 -32.40 -18.79 -35.11
Net Cash Provided by Financing Activities 95.21 28.51 -26.84 105.81

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20151.74-2.94-0.69
12/20166.5316.022.42
12/201712.1914.561.10
Growth Rates164.47----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1810010,37670.81




Report Date : 7/16/2018

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