earnings
confidence high
sentiment positive
materiality 0.75
Global Self Storage Q2 2021: Record Revenue $2.6M, FFO $773K, Occupancy 96.3%
Global Self Storage, Inc.
2021-Q2 EPS reported
$0.14
revenue$5,016,708
- Total revenues record $2.6M (+15.2% YoY); net income $0.9M ($0.09 diluted) vs net loss $22K in Q2 2020.
- FFO record $773K (+52.1% YoY); AFFO record $833K (+52.9% YoY); diluted FFO $0.08, AFFO $0.09.
- Same-store occupancy record 96.3% (up from 92.9% YoY); same-store NOI record $1.3M (+17.9% YoY).
- Raised $6.9M in public equity offering; expanded revolving credit facility from $10M to $15M; total capital resources ~$20.8M.