Quarterly ResultMay 8, 2026, 04:17 PM
Global Self Storage Q1 Revenue +1.5% to $3.2M; Net Income $477K
AI Summary
Global Self Storage, Inc. reported its first quarter 2026 financial results, showing a 1.5% increase in total revenues to $3.2 million. Despite top-line growth, net income decreased to $477,000, and both FFO and AFFO also saw declines. The company achieved sector-leading same-store occupancy of 93.1% and a record average tenant duration of stay of 3.6 years, driven by operational excellence and customer service efforts. Global Self Storage maintained its quarterly dividend and highlighted strong capital resources for future strategic growth.
Key Highlights
- Total revenues increased 1.5% to $3.2 million in Q1 2026.
- Net income decreased to $477,000 or $0.04 per diluted share.
- Funds from operations (FFO) decreased to $853,000 or $0.08 per diluted share.
- Adjusted FFO (AFFO) decreased to $958,000 or $0.08 per diluted share.
- Same-store occupancy increased 100 basis points to 93.1% as of March 31, 2026.
- Same-store average tenant duration of stay reached a record 3.6 years.
- Quarterly dividend of $0.0725 per common share was maintained and covered.
- Capital resources totaled approximately $24.5 million as of March 31, 2026.
Price Impact
More from SELF