earnings
confidence high
sentiment positive
materiality 0.65
Global Self Storage reports record Q2 revenue and NOI, raises dividend 11.5%
Global Self Storage, Inc.
2022-Q2 EPS
reported $0.06
vs consensus $0.05
▲ beat
(+17.6%)
- Q2 total revenue $3.0M (+15.7% YoY); same-store NOI $2.0M (+18.7%).
- Q2 FFO $1.1M ($0.10/diluted share, +43% YoY); AFFO $1.2M ($0.11/diluted).
- Dividend increased to $0.0725/share for Q3 2022 ($0.29 annualized, +11.5%).
- Same-store occupancy 93.1% (down from 95.7%) due to revenue rate management.
- Capital resources $22.9M including $5.3M cash, $2.7M securities, $15M credit line.