Global Self Storage Reports First Quarter 2025 Results

About this update from Global Self Storage, Inc.

Peer Leading Growth in Same-Store Revenues and Net Operating Income Driven by Operational Excellence MILLBROOK, NY / ACCESS Newswire / May 9, 2025 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties,reported results for the first quarter ended March 31, 2025. All comparisons are to the same year-ago period unless otherwise noted. Q1 2025 Highlights Dividend On March 3, 2025, the company declared a quarterly dividend of $0.0725 per share, consistent with the quarterly dividend for the year-ago period and previous quarter. The quarterly distribution represents an annualized dividend rate of $0.29 per share. Company Objective The objective of Global Self Storage is to increase value over time for the benefit of its stockholders. Toward this end, the company will continue to execute its strategic business plan, which includes funding acquisitions, either directly or through joint ventures, and expansion projects at its existing properties. The company's board of directors regularly reviews the strategic business plan, with emphasis on capital formation, debt versus equity ratios, dividend policy, use of capital and debt, FFO and AFFO performance, and optimal cash levels. The management of Global Self Storage believes that the company's continued operational performance and capital resources position it well to continue executing its strategic business plan. Management Commentary "In Q1, we continued to produce peer-leading growth in same-store revenues and net operating income as compared to other publicly traded self-storage REITs," stated Global Self Storage president and CEO, Mark C. Winmill. "These strong results derive from our exceptional operational performance, which includes our customer-focused professional management, targeted marketing strategies, and proprietary revenue rate management program. "We also led our publicly traded self-storage REIT peers in growth of FFO and AFFO despite the continuing competitive move-in rate environment. We believe this consistent outperformance demonstrates the strength and durability of our operating platform. These results are even more impressive considering that we decreased same-store cost of operations by 1.8%. "Our innovative marketing strategies have helped us continue to at...

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