Global Self Storage Q2: same-store occupancy up to 93%, but FFO falls 16.4% YoY

Global Self Storage, Inc.

2024-Q2 EPS reported $0.08 revenue$6,143,078

Q2 total revenues $3.1M (+0.7% YoY); net income $592K ($0.05 EPS) vs $578K ($0.05) prior year.
Same-store NOI decreased 2.7% to $1.9M; FFO fell 16.4% to $0.9M ($0.08/diluted).
Same-store occupancy improved to 93.0% at June 30 (vs 90.5% prior year) and further to 94.2% by July 31.
Marketing expenses decreased 15.2% YoY; quarterly dividend maintained at $0.0725/share.
Extended $15M revolving credit facility with Huntington National Bank for three years; total capital resources ~$24.8M.

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