Welcome to our dedicated page for Global Self Storage news (Ticker: SELF), a resource for investors and traders seeking the latest updates and insights on Global Self Storage stock.
Global Self Storage, Inc. (NASDAQ: SELF) is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. Its news flow centers on financial performance, operational metrics, and capital allocation decisions related to its portfolio of self-storage properties designed to serve residential and commercial customers.
On this page, readers can follow press releases where the company reports quarterly and annual results, including total revenues, net income, same-store revenues, same-store net operating income (NOI), occupancy levels, and average tenant duration of stay. Global Self Storage also regularly discusses non-GAAP measures such as funds from operations (FFO) and adjusted funds from operations (AFFO), which it uses to evaluate its performance as a REIT.
Investors can also review announcements about quarterly cash dividends on the company’s common stock, along with commentary on how these distributions relate to its strategic objective of increasing value over time for stockholders. Management commentary in earnings releases provides additional context on marketing strategies, customer experience, and the company’s view of market conditions affecting move-in rates and occupancy.
News items may also reference the company’s capital resources, including cash, marketable securities, and availability under its revolving credit facility, as well as its plans for acquisitions, joint ventures, and expansion projects at existing properties. For a concise view of SELF-related developments, this news feed aggregates the company’s public updates so users can quickly review changes in operating performance, dividend declarations, and strategic priorities.
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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.