earnings
confidence high
sentiment positive
materiality 0.75
Global Self Storage reports record Q3 revenues $2.7M, FFO +59% YoY
Global Self Storage, Inc.
2021-Q3 EPS reported
$0.19
revenue$7,747,227
- Q3 total revenues up 16.4% to record $2.7M; net income $629K ($0.06/diluted) vs $337K ($0.04) YoY.
- FFO rose 59.3% to record $957K ($0.09/diluted); AFFO up 59.1% to $1.0M ($0.10/diluted).
- Same-store NOI increased 20.5% to $1.4M; same-store occupancy 94.3% vs 93.5% YoY.
- Capital resources ~$20.5M including $15M credit facility; raised $6.9M in public offering in June 2021.
- Quarterly dividend maintained at $0.065/share.