Global Self Storage Inc Stock Price, News & Analysis

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.

Global Self Storage reported record Q1 2022 results with total revenues increased by 15.5% to $2.8 million.

Operating income rose 45.4% to $675,000, while net income was $283,000 or $0.03 per diluted share.

Funds from operations (FFO) surged 51.8% to $914,000 or $0.09 per diluted share. Adjusted FFO (AFFO) climbed 53.3% to $972,000.

Same-store revenue growth was 15.6%, but occupancy fell to 92.6%.

The company maintained its quarterly dividend at $0.065 per share.

Global Self Storage reported record revenues of $10.5 million for 2021, a 14.3% increase from 2020. Q4 2021 revenues rose 16.2% to $2.8 million, driven by increased rental rates and effective revenue management. Net income for 2021 reached $3.3 million or $0.33 per share. Funds from Operations (FFO) grew 58.7% to $3.3 million, while Adjusted FFO (AFFO) increased 59.7% to $3.6 million. Despite a decrease in same-store occupancy to 94.1%, the company's financial position remains strong with $21.5 million in capital resources and a maintained quarterly dividend of $0.065 per share.

Global Self Storage (NASDAQ:SELF) has declared a cash dividend of $0.065 per common share for Q1 2022. The dividend will be payable on March 31, 2022, to stockholders recorded as of March 15, 2022. The company, a real estate investment trust (REIT), operates various self-storage properties across multiple states including Connecticut, Illinois, and Pennsylvania. With a focus on affordable and secure storage, Global Self Storage continues to enhance its portfolio of 13 properties, solidifying its presence in the self-storage industry.

Global Self Storage (NASDAQ:SELF) has been invited to the 34th Annual ROTH Conference on March 13-15, 2022, in Dana Point, California. The event will include presentations, one-on-one meetings, and thematic panels, showcasing over 550 companies to more than 5,000 investors. CEO Mark C. Winmill, along with CFO Thomas O'Malley and CCO Donald Klimoski, will discuss the company’s revenue management program and pricing strategies. A pre-recorded webcast of their presentation will be available on the conference website.

Global Self Storage (NASDAQ: SELF) has been invited to present at the Aegis Virtual Conference from February 23-25, 2022. CEO Mark C. Winmill will present on February 25 at 11:30 a.m. ET, discussing the company's strategy targeting underserved markets in the Northeast, Mid-Atlantic, and Midwest, which has led to impressive FFO and AFFO growth. The presentation materials will be accessible via the company's investor relations website and the event will be streamed on YouTube Live.

Global Self Storage (NASDAQ:SELF) has declared a cash dividend of $0.065 per common share for the fourth quarter of 2021. This dividend is payable on December 30, 2021, to stockholders of record as of December 15, 2021. The company operates and manages self-storage properties across several states, including Connecticut, Illinois, and New York, aiming to provide affordable and accessible storage solutions.

Global Self Storage, Inc. (NASDAQ:SELF) reported third-quarter 2021 results showing total revenues of $2.7 million, a 16.4% increase year-over-year. Net income rose to $629,000, or $0.06 per share, while FFO and AFFO achieved records of $957,000 and $1.0 million, respectively, both up over 59%. Same-store occupancy increased to 94.3%, with rental rates also on the rise. Total capital resources reached approximately $20.5 million, strengthening the company's growth position. The quarterly dividend remained steady at $0.065 per share.

Global Self Storage (NASDAQ:SELF) has announced a cash dividend of $0.065 per common share for Q3 2021. This dividend will be paid on September 30, 2021, to stockholders of record as of September 15, 2021. The company, which owns and operates self-storage properties across several states, aims to provide affordable and secure storage solutions. With 13 properties in its portfolio, Global Self Storage emphasizes its commitment to accessibility and customer satisfaction.