Quarterly ResultMay 8, 2026, 04:07 PM
Global Self Storage Q1 Net Income $477K, EPS $0.04
AI Summary
Global Self Storage, Inc. reported a net income of $477,019 for the first quarter of 2026, a 14.07% decrease from the prior year. Total revenues saw a modest increase of 1.52% to $3.17 million, but this was offset by an 8.30% rise in total expenses. Basic and diluted earnings per share both declined to $0.04, reflecting the reduced profitability.
Key Highlights
- Net income for Q1 2026 was $477,019, down 14.07% from $555,152 in Q1 2025.
- Total revenues increased 1.52% to $3,173,754 in Q1 2026 from $3,126,304 in Q1 2025.
- Basic and diluted EPS were $0.04 in Q1 2026, down from $0.05 in Q1 2025.
- Total expenses rose 8.30% to $2,601,978 in Q1 2026 compared to $2,402,637 in Q1 2025.
- Operating income decreased 20.99% to $571,776 in Q1 2026 from $723,667 in Q1 2025.
- Net cash provided by operating activities was $979,931, an 8.41% decrease year-over-year.
- The company had $15,903,408 in principal balance outstanding on its note payable as of March 31, 2026.
- A revolving line of credit of up to $15 million is available, with an effective interest rate of approximately 6.7%.