secwatch.observer — SEC 8-K summary
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Issuer:     Global Self Storage, Inc. (SELF)
CIK:        0001031235
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0000950170-24-094755
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024094755/0000950170-24-094755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031235/000095017024094755/self-20240809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094755

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