---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019702"
form_type: "8-K"
ticker: "SELF"
cik: "0001031235"
company_name: "Global Self Storage, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T07:50:57.585124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Self Storage Q1 revenue up 7.7% to $3.0M; net income $0.09/share

## Summary
- Net income $993K ($0.09 diluted EPS) vs $283K ($0.03) YoY.
- FFO +13.5% to $1.0M ($0.09/share); AFFO +11.2% to $1.1M ($0.10/share).
- Same-store NOI +8.4% to $1.9M; occupancy 87.9% at quarter-end, up to 89.9% as of May 1.
- Annualized dividend raised to $0.29/share from $0.26 ($0.0725 quarterly, +11.5% YoY).
- Capital resources $24.2M including $6.5M cash, $2.7M securities, $15M revolver.

## SEC filing metadata
- accession: 0000950170-23-019702
- form_type: 8-K
- ticker: SELF
- cik: 0001031235
- company_name: Global Self Storage, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031235/000095017023019702/0000950170-23-019702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031235/000095017023019702/self-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019702
- JSON: https://secwatch.observer/filing/0000950170-23-019702.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019702.txt

## Key facts
- Earnings Releases
  Global Self Storage, Inc. reported first quarter ended March 31, 2023 results: revenue $3.0 million, net income $993,000, EPS $0.09 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $3.0 million
  - Net income: $993,000
  - EPS: $0.09 per diluted share
  - Result: reported results
  source text: Total revenues increased 7.7% to $3.0 million in the first quarter of 2023, a record for a first quarter, and as compared to $2.8 million in the same period last year. This increase was due primarily to an increase in rental rates. Total operating expenses in the first quarter of 2023 increased 3.1% to $2.2 million, as compared to $2.1 million in the same period last year. The increase was primarily attributable to an increase in store operating expenses, including employment costs and real estate property taxes. This was partially offset by decreased professional fees included in general and administrative expenses. Operating income increased 22.2% to $825,000 in the first quarter of 2023, as compared to $675,000 in the same period last year. Net income was $993,000 or $0.09 per diluted share in the first quarter of 2023, as compared to $283,000 or $0.03 per diluted share in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031235/000095017023019702/0000950170-23-019702-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.