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) 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.
Global Self Storage (NASDAQ:SELF) has announced an 11.5% dividend increase, declaring a dividend of $0.0725 per common share for Q3 2022. This raises the annualized dividend rate to $0.29 per share, up from $0.26. The dividend is payable on September 30, 2022 to stockholders of record by September 16, 2022. The company's president highlighted strong pricing power and effective revenue management as driving factors behind this increase.
Global Self Storage (NASDAQ:SELF), a real estate investment trust specializing in self-storage, has declared a cash dividend of $0.065 per common share for Q2 2022. This dividend is set to be paid on June 30, 2022, to shareholders on record as of June 15, 2022. The company operates and manages self-storage properties across several states, aiming to provide affordable and secure storage solutions for both residential and commercial customers.
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.
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