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SELF (Global Self Storage) Probability of Financial Distress (%) : 0.02% (As of Mar. 15, 2025)


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What is Global Self Storage Probability of Financial Distress (%)?

Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Global Self Storage's Probability of Financial Distress (%) is 0.02%.

Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.


Competitive Comparison of Global Self Storage's Probability of Financial Distress (%)

For the REIT - Specialty subindustry, Global Self Storage's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Global Self Storage's Probability of Financial Distress (%) Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Global Self Storage's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where Global Self Storage's Probability of Financial Distress (%) falls into.



Global Self Storage Probability of Financial Distress (%) Calculation

Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.

The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:

LPFD= -20.12 * NIMTAAVG + 1.60 * TLMTA - 7.88 * EXRETAVG + 1.55 * SIGMA - 0.005 * RSIZE - 2.27 * CASHMTA + 0.070 * MB - 0.09 * PRICE -8.87
=-8.65

The Probability of Financial Distress (%) (PFD) was then obtianed by:

PFD=1/(1 + e^(-LPFD))*100%
=0.02%

The eight explanatory variables are:

1. NIMTAAVG = Net Income to Market Total Assets

NIMTAAVG=Net Income / Market Total Assets
=Net Income / (Market Cap + Total Liabilities)

*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.

2. TLMTA = Total liabilities to Market Total Assets

TLMTA=Total Liabilities / Market Total Assets

3. CASHMTA = Cash to Market Total Assets

For non-financial companies, CASHMTA is measured as:

CASHMTA=Cash, Cash Equivalents, Marketable Securities / Market Total Assets

4. EXRETAVG = Excess Return compared to the S&P 500

EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.

5. SIGMA = Standard Deviation of Daily Returns

For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).

6. RSIZE = Relative Size

RSIZE=log (Market Cap / Total Market Cap of S&P 500 companies)

7. MB = Market to Adjusted Book Equity Ratio


8. PRICE

PRICE is measured as the log of the stock price, capped at log(15).


Global Self Storage  (NAS:SELF) Probability of Financial Distress (%) Explanation

Like the Altman Z-Score, the PFD measures a company's bankruptcy risk in the upcoming year. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.


Global Self Storage Probability of Financial Distress (%) Related Terms

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Global Self Storage Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Self Storage Inc (NAS:SELF) » Definitions » Probability of Financial Distress (%)
Traded in Other Exchanges
N/A
Address
3814 Route 44, Millbrook, New York, NY, USA, 12545
Global Self Storage Inc is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible, and secure storage space for residential and commercial customers. It has one segment of Rental operations. Through its wholly-owned subsidiaries, the company owns and/or manages close to 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
Executives
Burke Russell E Iii director 3814 ROUTE 44, MILLBROOK NY 12545
Winmill & Co. Inc other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Mark Campbell Winmill director, officer: President and CEO 3814 ROUTE 44, MILLBROOK NY 12545
Donald Ii Klimoski officer: General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Tuxis Corp other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Carroll Sally Coonrad director 3814 ROUTE 44, MILLBROOK NY 12545
George B Langa director 3814 ROUTE 44, MILLBROOK NY 12545
Investor Service Center Inc /de other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Thomas Omalley officer: Chief Financial Officer 3814 ROUTE 44, MILLBROOK NY 12545
William Chester Zachary director 136 EAST 64TH ST, APT 6D, NEW YORK NY 10065
Russell Kamerman officer: Assistant General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Bexil Corp other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Hwang Eric Paul C. other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Bruce B Huber director 11 HANOVER SQUARE, NEW YORK NY 10005
Jacob Bukhsbaum officer: Chief Compliance Officer, other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005