Global Self Storage Reports First Quarter 2026 Results

About this update from Global Self Storage, Inc.

Sector-Leading Occupancy and Record-Level Tenant Duration of Stay Driven by Continued Operational Excellence MILLBROOK, NY / ACCESS Newswire / May 8, 2026 / 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, 2026. All comparisons are to the same year-ago period unless otherwise noted. Q1 2026 Highlights Dividend On March 2, 2026, 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 delivered one of the strongest same-store revenue growth rates in the sector with the highest same-store occupancy of 93.1% and the highest occupancy growth, and record-level tenant duration of stay of 3.6 years at quarter-end," said CEO and president of Global Self Storage, Mark C. Winmill. "We believe our results were driven in part by our customer service efforts-providing a clean, safe and hassle-free rental process-which continued to attract high quality, long-term tenants. Our customer service efforts also supported performance by strengthening local brand loyalty and generating strong referral and word-of-mouth demand for our storage units and services. "Also contributing to our results were our digital marketing initiatives, which focus in part on our outstanding customer reviews. Our customer reviews have continued to demonstrate...

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