earnings
confidence high
sentiment positive
materiality 0.75
Global Self Storage reports record Q1 revenues $2.8M, FFO up 51.8% to $0.09/share
Global Self Storage, Inc.
2022-Q1 EPS
reported $0.03
vs consensus $0.05
▼ miss
(-41.2%)
- Total revenues record $2.8M (+15.5% YoY); operating income $675K (+45.4%).
- FFO $914K ($0.09/diluted share) up 51.8%; AFFO $972K ($0.09) up 53.3%.
- Same-store NOI record $1.7M (+22.2%); same-store occupancy 92.6% (down from 94.8% but revenue optimized).
- Quarterly dividend maintained at $0.065/share; capital resources $21.8M.
- CEO sees strong pricing power and expects elevated demand to continue in 2022.