secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Self Storage, Inc. (SELF)
CIK:        0001031235
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0000950170-24-036407
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Self Storage FY2023 revenue up 2.1%; FFO down 7.2%; Q4 occupancy 89.3% later 92.1%
--------------------------------------------------------------------------------

- FY2023 total revenue $12.2M (+2.1%); net income $2.9M ($0.26 diluted EPS) vs $2.1M ($0.19) prior year.
- Full-year FFO decreased 7.2% to $4.2M ($0.38/diluted share); AFFO down 6.9% to $4.4M ($0.40).
- Same-store NOI fell 1.7% to $7.6M, as cost of operations increased 9.1% (employment, property taxes).
- Q4 same-store occupancy 89.3% at Dec 31, 2023, improved to 92.1% by March 15, 2024; tenant duration record 3.4 years.
- Quarterly dividend maintained at $0.0725/share ($0.29 annualized); capital resources $24.3M including $14.5M undrawn credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024036407/0000950170-24-036407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024036407/self-20240326.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-036407

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer