Global Self Storage Q1 net income falls 73% to $266K; same-store occupancy rises to 91.3%

Global Self Storage, Inc.

2024-Q1 EPS reported $0.02 revenue$3,034,040

Total revenue flat at $3.0M; net income dropped to $266K ($0.02 diluted EPS) from $993K ($0.09).
FFO decreased 18.3% to $0.8M ($0.08/share); AFFO down 14.7% to $0.9M ($0.08/share).
Same-store NOI fell 5.7% to $1.8M; same-store occupancy improved to 91.3% from 87.9%.
Dividend maintained at $0.0725/share quarterly ($0.29 annualized).
Capital resources of $24.0M include $6.9M cash and $14.5M revolver availability.

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 1.0

Global Self Storage, Inc. reported first quarter ended March 31, 2024 results: revenue Total revenues were unchanged at $3.0 million, net income Net income decreased to $266,000, EPS $0.02 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: Total revenues were unchanged at $3.0 million
Net income: Net income decreased to $266,000
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

results for the first quarter ended March 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. Q1 2024 Highlights • Total revenues were unchanged at $3.0 million. • Net income decreased to $266,000 or $0.02 per diluted share from $993,000 or $0.09 per diluted share. • Funds from operations (FFO) decreased 18.3% to $0.8 million or $0.08

View on SEC.gov

1050 earnings releases filed in the last 30 days. Browse all earnings releases →

Global Self Storage, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-057820

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.