2025-06-11-Jefferies-邀请函_虚拟自助存储论坛-_6月18日（上午8点至下午5点）_6页_141kb

USA REITs Equity Research Summary (June 11, 2025)

1. Virtual Self Storage Forum Invitation

• Date & Time: June 18, 2025, 8 AM - 5 PM ET
• Format: Virtual back-to-back sessions (30-45 min each), led by management teams, industry experts, legal advisors, and capital market professionals.
• Key Topics: Supply/demand, legislation (rent control, eviction moratoriums), revenue management, capital markets.
• Registration: HERE (provided in the original invitation)

2. Event Agenda Highlights (June 18, 2025)

• 8:00 AM - 9:00 AM: Tim Garey (Cushman & Wakefield), Jeff Greenberger & Scott Zucker (Legal Experts)
• 9:45 AM - 10:45 AM: CubeSmart (CUBE) (CEO, CFO, IR Head); NexPoint Storage (CEO); Extra Space Storage (EXR) (CFO, incoming CFO)
• 12:15 PM - 1:00 PM: Public Storage (PSA) (CFO, EVP, IR Head)
• 1:45 PM - 3:15 PM: Caster Group/A-1 (CEO, President), Storage Space (CEO), National Storage Affiliates (NSA) (CEO, CFO, IR Head), StorageStar (CEO), StorQuest (CEO/COO)
• Host: Jonathan Petersen (Jefferies US REIT Analyst), Ahmed Mehri (Associate)

3. Analyst Recommendations

• Ratings & Total Return Outlook:
  • Buy: Expected 15–20% return (price change + yield), higher for low-priced stocks.
  • Hold: Expected ±15% to ±20% return.
  • Underperform: Expected ≤10% (+prices) or ≤-20% (low-priced stocks).
• Key Factors: Market cap, growth/value, volatility, expected return.

4. Valuation Methods
Includes: DCF, EBITDA, EPS, EV/EBITDA, P/E ratios, ROE, P/FCF, sum of parts, net asset value, dividend yields.

5. Analyst Certifications

• Jonathan Petersen and Ahmed Mehri certify personal views reflect their analyses, and no compensation linked to specific recommendations.

6. Disclosures & Conflicts

• Conflicts of interest due to business relationships with REITs are declared. Reports suitable for professional/institutional use only.