Global Self Storage Inc Stock Price, News & Analysis

Global Self Storage reported record financial results for Q4 and full year 2022, with total revenues up 10.8% to $3.1 million for Q4 and 13.7% to $11.9 million for the full year. Net income for Q4 was $440,000 ($0.04 per diluted share) and for the full year, it was $2.1 million ($0.19 per diluted share). Funds from operations (FFO) rose 5.8% to $1.1 million in Q4 and increased 34.1% to $4.5 million for the year. However, same-store occupancy decreased from 93.1% to 89.6%. The company maintained its dividend at $0.0725 per share, representing an annual rate of $0.29, an 11.5% increase from the previous year.

Global Self Storage (NASDAQ:SELF) has announced a cash dividend of $0.0725 per common share for Q1 2023. This dividend is payable on March 31, 2023, to shareholders on record as of March 15, 2023. The company focuses on owning, operating, managing, acquiring, and redeveloping self-storage properties across several states, including Connecticut and New York. Currently, they manage 13 properties aimed at providing affordable and secure storage solutions for residential and commercial clients. Investors should note that dividend amounts and frequencies can change at any time.

Global Self Storage (NASDAQ:SELF) has announced a cash dividend of $0.0725 per common share for the fourth quarter of 2022. This dividend is payable on December 29, 2022, to shareholders on record as of December 15, 2022. The company operates self-storage properties across several states including Connecticut, New York, and Illinois, providing affordable and secure storage options for both residential and commercial clients.

Global Self Storage reported robust Q3 2022 results, with total revenues rising by 13.0% to $3.1 million and operating income increasing 41.0% to $1.1 million. Net income reached $930,000, equating to $0.08 per diluted share. Funds from operations (FFO) surged 45.7% to $1.4 million, while adjusted FFO (AFFO) also increased by 42.0% to $1.4 million. Despite a dip in same-store occupancy to 89.6%, the company saw an increase in average tenant duration to 3.3 years. A dividend increase of 11.5% was declared, reinforcing the company's commitment to shareholder value.

Global Self Storage (NASDAQ:SELF) will celebrate its six-year anniversary on Nasdaq by ringing the Nasdaq Closing Bell on October 5. The event, commemorating the company's operational success, will stream live from 3:52 p.m. Eastern time. CEO Mark C. Winmill will address attendees, highlighting significant growth, including an 11.5% increase in the quarterly dividend to $0.29 per share. The self-storage sector's strong performance against inflation fortifies its market position, making it resilient during economic fluctuations.

Global Self Storage (NASDAQ:SELF) has announced an 11.5% dividend increase, declaring a dividend of $0.0725 per common share for Q3 2022. This raises the annualized dividend rate to $0.29 per share, up from $0.26. The dividend is payable on September 30, 2022 to stockholders of record by September 16, 2022. The company's president highlighted strong pricing power and effective revenue management as driving factors behind this increase.

Global Self Storage (NASDAQ:SELF), a real estate investment trust specializing in self-storage, has declared a cash dividend of $0.065 per common share for Q2 2022. This dividend is set to be paid on June 30, 2022, to shareholders on record as of June 15, 2022. The company operates and manages self-storage properties across several states, aiming to provide affordable and secure storage solutions for both residential and commercial customers.

Global Self Storage (NASDAQ:SELF) will present at Nareit's REITweek 2022 Investor Conference on June 7-9, 2022, at the New York Hilton Midtown. The conference is the largest annual gathering for REIT investors, featuring over 3,000 attendees. CEO Mark C. Winmill will speak on June 7 at 8:00 a.m. ET, discussing the company’s strong pricing power and operational excellence, contributing to record results in Q1 2022. Attendees can register online to view the presentation.