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**Company Overview**

**Name:** 4-Square

**Stock Symbol:** FSQR

**Exchange:** NASDAQ

**Industry:** Real Estate Investment Trust (REIT)

**Headquarters:** San Francisco, California

**4-Square Business Model**

4-Square is a self-storage REIT that acquires, owns, and operates self-storage facilities in the United States. The company focuses on investing in high-quality properties in major metropolitan areas.

**Earnings and Growth**

**Recent Earnings:**

* Q4 2022: Net income of $23.3 million, up 12.3% year-over-year

* Full-year 2022: Net income of $86.4 million, up 10.5% year-over-year

**Growth Metrics:**

* Revenue growth: 12.3% in Q4 2022, 10.5% in full-year 2022

* Same-store revenue growth: 10.5% in Q4 2022, 10.1% in full-year 2022

* Occupancy rate: 94.8% in Q4 2022, 94.6% in full-year 2022

**Key Financial Metrics**

* Market capitalization: $1.2 billion

* Price-to-earnings ratio (P/E): 20.5

* Price-to-book ratio (P/B): 1.6

* Dividend yield: 4.5%

**Outlook**

4-Square expects continued growth in 2023, driven by strong demand for self-storage space and the company's acquisition pipeline. The company has a goal of acquiring $200 million to $300 million of properties in 2023.

**Investment Considerations**

4-Square is a well-established REIT with a strong track record of earnings and growth. The company's focus on high-quality properties in major metropolitan areas provides stability and potential for appreciation. However, investors should be aware of the potential risks associated with the real estate market, including interest rate fluctuations and economic downturns.