Global Self Storage reports record 2022 FFO of $4.5M (+34% YoY); revenue up 13.7% to $11.9M

Global Self Storage, Inc.

Full year 2022: revenue $11.9M (record, +13.7% YoY); FFO $4.5M (record, +34.1% YoY); AFFO $4.7M (record, +31.3% YoY).
Same-store NOI $7.7M (+15.6% YoY); occupancy 89.6% at year-end (down from 93.1% due to rate optimization).
Raised quarterly dividend 11.5% to $0.0725 per share in Q3 2022; maintained at that level.
CEO Mark Winmill expects return to normalcy in 2023 with slower same-store revenue growth.
Capital resources $23.9M including $6.5M cash, $2.4M securities, $15M credit facility.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Self Storage, Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.

Period: the fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 28, 2023, Global Self Storage, Inc. (the “Company”) reported its financial results for the period ended December 31, 2022.

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Global Self Storage, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-010360

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