earnings
confidence high
sentiment positive
materiality 0.60
Global Self Storage reports record FY 2024 revenue of $12.5M; same-store NOI hits $7.7M
Global Self Storage, Inc.
- FY 2024 net income $2.1M ($0.19 diluted EPS) vs $2.9M ($0.26) prior year; FFO fell 5.8% to $3.9M.
- Q4 total revenue +7.1% to $3.2M; same-store NOI +11.2% to $2.0M; occupancy +360 bps to 92.9%.
- Quarterly dividend maintained at $0.0725/share ($0.29 annualized); credit facility extended three years with Huntington.
- CEO cites peer-leading same-store revenue, NOI, and occupancy growth; tenant duration ~3.4 years.
- Capital resources $24.8M including $7.2M cash, $2.6M securities, and full $15M revolver availability.