Self Storage Group ASA (Buy, TP: NOK27.00) - Growing, asset by asset
Self Storage Group (SSG) appears to have found its pre-Covid-19 momentum again, buying another five small assets in Q4 for a combined NOK85m, and a NOK250m acquisition already announced in 2021. We forecast a 15% YOY increase in EPS in Q4, and our focus in the report will be on growth and future expansion (results due at 08:00 CET on 16 February). We reiterate our BUY and NOK27 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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