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 (SELF) provides investors and stakeholders with timely updates on its self-storage REIT operations across key U.S. markets. This page aggregates official press releases, financial disclosures, and strategic announcements directly from the company.
Access curated updates on property acquisitions, same-store performance metrics, and operational initiatives that drive this self-managed REIT’s growth. Users will find earnings reports, redevelopment project announcements, and insights into tenant retention strategies that underscore the company’s focus on security and operational efficiency.
Bookmark this page for streamlined access to Global Self Storage’s latest developments, including dividend policies, capital allocation decisions, and market expansion plans. Regular updates ensure you stay informed about one of the storage industry’s most hands-on operators.
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.
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