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**Company Information:**
**Name:** 8 Square Fill, Inc.
**Symbol:** 8-square-fill
**Exchange:** OTCQB Venture Market (OTCQB)
**Industry:** Real Estate Investment Trust (REIT)
**Business Overview:**
8 Square Fill is a self-storage REIT that acquires, develops, and manages self-storage facilities in the United States. The company's portfolio consists primarily of Class A and Class B properties in high-growth markets.
**Earnings and Growth:**
* **Revenue:** $12.7 million in 2022, up 24.5% year-over-year
* **Net Income:** $4.3 million in 2022, up 28.6% year-over-year
* **Funds from Operations (FFO):** $7.2 million in 2022, up 24.3% year-over-year
* **FFO per Share:** $0.48 in 2022, up 24.3% year-over-year
* **Dividend Yield:** 4.2% (as of March 8, 2023)
**Financial Highlights:**
* **Total Assets:** $151.5 million as of December 31, 2022
* **Debt-to-Asset Ratio:** 40.7%
* **Occupancy Rate:** 92.7% as of December 31, 2022
**Growth Strategy:**
8 Square Fill plans to continue growing its portfolio through acquisitions and development. The company targets markets with strong demand for self-storage and focuses on properties with high-growth potential.
**Key Metrics:**
* **Same-Store Revenue Growth:** 6.8% in 2022
* **Same-Store Net Operating Income (NOI) Growth:** 5.9% in 2022
* **Average Rent per Square Foot:** $1.03 in 2022
**Investment Considerations:**
* 8 Square Fill is a small-cap REIT with a growing portfolio of self-storage facilities.
* The company has a strong track record of revenue and earnings growth.
* The dividend yield is attractive, but investors should be aware of the company's small size and limited liquidity.
* The self-storage industry is competitive, and 8 Square Fill faces competition from larger REITs and private operators.