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 (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.
Global Self Storage reported strong Q1 2021 results, with total revenues rising 9.0% to $2.4 million and net income of $411,000 compared to a loss of $356,000 in Q1 2020. Funds from operations (FFO) surged 72.1% to $602,000, while adjusted FFO (AFFO) increased 63.2% to $634,000. Same-store occupancy reached a record 96.1%, up from 91.4% a year ago. The company maintained a quarterly dividend of $0.065 per share and has strong capital resources of approximately $8.9 million. Management expressed confidence in continuing growth through expansions and strategic acquisitions.
Global Self Storage reported strong financial results for Q4 and the full year 2020, with total revenues reaching $2.4 million in Q4, a 6.8% increase year-over-year. Net income rose to $316,000, or $0.03 per diluted share. Full-year revenues also increased by 6.1% to $9.2 million. Notably, same-store occupancy improved to 95.1%, up 340 basis points from 2019. The company maintained a quarterly dividend of $0.065 per share. Challenges from the COVID-19 pandemic were effectively managed, as evidenced by consistent rent collections and a focus on digital marketing strategies.
Global Self Storage (NASDAQ:SELF) will participate in the 33rd Annual ROTH Growth Conference from March 15-17, 2021. This virtual event will host various companies and feature one-on-one meetings for investors and analysts. Key company executives, including President Mark C. Winmill and CFO Thomas O'Malley, will discuss their focus on underserved markets in the Northeast, Mid-Atlantic, and Midwest, which has enhanced their same-store performance. For registration, interested parties can click here.
Global Self Storage (NASDAQ: SELF) has declared a cash dividend of $0.065 per common share for Q1 2021. The dividend is scheduled for payment on March 31, 2021, to stockholders of record as of March 15, 2021.
The company operates 13 self-storage properties across multiple states, including Connecticut and New York, providing secure and affordable storage solutions for both residential and commercial customers.
Global Self Storage (NASDAQ: SELF) has declared a cash dividend of $0.065 per common share for the fourth quarter of 2020. This dividend will be paid on December 30, 2020, to stockholders of record as of December 15, 2020. The company operates and manages 13 self-storage properties across multiple states, offering secure and affordable storage solutions for residential and commercial customers.
Global Self Storage (NASDAQ: SELF) has declared a cash dividend of $0.065 per common share for the third quarter of 2020. The dividend is payable on September 30, 2020, to stockholders of record as of September 15, 2020. This highlights the company's commitment to returning value to its shareholders amidst ongoing challenges in the storage industry. Global Self Storage operates 13 self-storage properties across various states, providing secure and accessible storage options for both residential and commercial customers.
Global Self Storage reported a 4% revenue increase in Q2 2020, totaling $2.2 million. A net loss of $22,000 occurred, with funds from operations (FFO) at $508,000 or $0.05 per diluted share. Despite the pandemic's impact, same-store net operating income grew 9.1% to $1.1 million. The company maintained its quarterly dividend of $0.065 per share. Total capital resources stood at approximately $9.3 million, ensuring operational flexibility amidst ongoing COVID-19 challenges.
Global Self Storage, Inc. (NASDAQ: SELF) reported a 4% revenue increase to $2.2 million in Q2 2020, despite a net loss of $22,000. Funds from operations (FFO) were $508,000, and adjusted FFO (AFFO) reached $545,000. Same-store revenues fell 1.3% to $1.8 million, while same-store net operating income rose 9.1% to $1.1 million, driven by a 14% decrease in operating costs. The company maintained its dividend of $0.065 per share and reported capital resources of $9.3 million. However, concerns linger about the impacts of COVID-19 on future operations and revenues.