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SELF (Global Self Storage) ROE % : 9.88% (As of Sep. 2024)


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What is Global Self Storage ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Global Self Storage's annualized net income for the quarter that ended in Sep. 2024 was $4.73 Mil. Global Self Storage's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $47.84 Mil. Therefore, Global Self Storage's annualized ROE % for the quarter that ended in Sep. 2024 was 9.88%.

The historical rank and industry rank for Global Self Storage's ROE % or its related term are showing as below:

SELF' s ROE % Range Over the Past 10 Years
Min: -0.37   Med: 1.57   Max: 7.53
Current: 6.55

During the past 8 years, Global Self Storage's highest ROE % was 7.53%. The lowest was -0.37%. And the median was 1.57%.

SELF's ROE % is ranked better than
59.42% of 924 companies
in the REITs industry
Industry Median: 5.37 vs SELF: 6.55

Global Self Storage ROE % Historical Data

The historical data trend for Global Self Storage's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Global Self Storage ROE % Chart

Global Self Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 1.49 0.67 7.53 4.31 6.09

Global Self Storage Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.25 9.13 2.22 4.96 9.88

Competitive Comparison of Global Self Storage's ROE %

For the REIT - Specialty subindustry, Global Self Storage's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Global Self Storage's ROE % distribution charts can be found below:

* The bar in red indicates where Global Self Storage's ROE % falls into.



Global Self Storage ROE % Calculation

Global Self Storage's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=2.939/( (48.339+48.246)/ 2 )
=2.939/48.2925
=6.09 %

Global Self Storage's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as

ROE %=Net Income (Q: Sep. 2024 )/( (Total Stockholders Equity (Q: Jun. 2024 )+Total Stockholders Equity (Q: Sep. 2024 ))/ count )
=4.728/( (47.622+48.061)/ 2 )
=4.728/47.8415
=9.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.


Global Self Storage  (NAS:SELF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=4.728/47.8415
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.728 / 12.8)*(12.8 / 66.1385)*(66.1385 / 47.8415)
=Net Margin %*Asset Turnover*Equity Multiplier
=36.94 %*0.1935*1.3825
=ROA %*Equity Multiplier
=7.15 %*1.3825
=9.88 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2024 )
=Net Income/Total Stockholders Equity
=4.728/47.8415
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4.728 / 4.728) * (4.728 / 3.492) * (3.492 / 12.8) * (12.8 / 66.1385) * (66.1385 / 47.8415)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 1.354 * 27.28 % * 0.1935 * 1.3825
=9.88 %

Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Global Self Storage ROE % Related Terms

Thank you for viewing the detailed overview of Global Self Storage's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Global Self Storage Business Description

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