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.
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.
Global Self Storage (NASDAQ: SELF) will showcase its management platform, Global MaxManagement, at the 2021 Fall Conference & Trade Show held by the Self Storage Association from September 7-10, 2021 in Las Vegas. The platform aims to enhance value for independent property owners by providing innovative strategies for operations such as staffing and marketing. The company's recent performance report highlighted record occupancy and revenue metrics in Q2 2021, offering a strong value proposition for potential clients attending the event.
Global Self Storage reported a strong performance for Q2 2021, with total revenues rising 15.2% to a record $2.6 million. Net income reached $0.9 million or $0.09 per diluted share, compared to a loss in Q2 2020. Funds from operations (FFO) increased 52.1% to $773,000, while adjusted FFO (AFFO) rose 52.9% to $833,000. Same-store occupancy reached 96.3%, up from 92.9% a year ago. The company raised $6.9 million through a public offering, enhancing its capital resources for future growth initiatives.
Global Self Storage (NASDAQ: SELF) will showcase its Global MaxManagement platform at the Inside Self Storage World Expo from July 13-16, 2021, in Las Vegas. This innovative management platform aims to enhance the performance of independent self-storage property owners by providing strategies for staffing, budgeting, and marketing. The company has reported strong lease-up performance and increased revenues in Q1 2021, indicating robust market positioning. Attendees are encouraged to learn more at booth #1222 about how the platform can maximize their business value.
Global Self Storage (NASDAQ:SELF) has enhanced its financial position by extending its revolving credit facility with The Huntington National Bank. The principal amount available has increased from $10 million to $15 million, with a three-year maturity and interest tied to one-month LIBOR plus 3.00%. This extension, combined with a recent equity offering, boosts the company's capital resources to approximately $21.0 million. The company aims to leverage this liquidity for growth opportunities and joint ventures to enhance shareholder value.
Global Self Storage (NASDAQ:SELF) announced that underwriters exercised an option to purchase an additional 168,224 shares in its latest public offering, raising total shares sold to 1,289,720. The public offering price was set at $5.35, resulting in gross proceeds of approximately $6.9 million before expenses. EF Hutton served as the sole book-running manager for this offering. The offering was conducted under a shelf registration statement that became effective in December 2018, allowing the company to efficiently access capital markets.
Global Self Storage has announced a public offering of 1,121,496 shares of its common stock, priced at $5.35 per share, aimed at raising approximately $6.0 million in gross proceeds. The offering, managed by EF Hutton, is expected to close around June 25, 2021. The funds will be utilized for acquisitions, expansions of existing properties, and general corporate purposes. Additionally, the underwriters have been granted a 45-day option to purchase an extra 168,224 shares. The offering is registered under Form S-3 with the SEC.
Global Self Storage (NASDAQ:SELF) has launched a public offering of its common stock. All shares are being offered by the company, with an additional option for underwriters to purchase 15% more shares within 45 days. The offering is subject to market conditions and is backed by a shelf registration statement effective since December 7, 2018. EF Hutton is the sole book-running manager for this offering. Investors should consult the preliminary prospectus for more details, as the offering does not constitute a sale in jurisdictions where it is not registered.
Global Self Storage (NASDAQ: SELF) has announced a cash dividend of $0.065 per common share for the second quarter of 2021, payable on June 30, 2021, to stockholders of record as of June 15, 2021. This self-administered REIT operates 13 self-storage properties across various states, focusing on affordable and secure storage solutions for both residential and commercial customers. The declaration reflects the company’s ongoing commitment to return value to its shareholders amidst current market conditions.
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