secwatch.observer — SEC 8-K summary
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Issuer:     Global Self Storage, Inc. (SELF)
CIK:        0001031235
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0000950170-24-057820
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024057820/0000950170-24-057820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024057820/self-20240510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057820

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