Fri, May 9, 8:01 PM (9 days ago)
**Global Self Storage, Inc. (SELF) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $3,126,304 (up 3.0% YoY) - Rental income: $3,000,052 (up 3.0% YoY) - Other property-related income: $107,870 (up 3.9% YoY) - Management fees and other income: $18,382 (up from $16,729) - **Expenses:** $2,402,637 (down 1.7% YoY) - Property operations: $1,208,898 (down 1.8% YoY) - General and administrative: $786,893 (down 2.0% YoY) - Depreciation and amortization: $406,846 (relatively stable) - **Net Income:** $555,152 (up 108.6% YoY) - Earnings per share (EPS): $0.05 (up from $0.02) - **Cash Flow:** Positive operating cash flow of $1,069,899 - **Profit Margins:** Improved operating income by 22.4% YoY - **Dividends:** $0.0725 per share (stable) **Key Metrics & Trends:** - **Occupancy:** Same-store occupancy increased by 0.8% to 92.1% - **NOI:** Same-store NOI increased by 6.3% YoY - **FFO & AFFO:** FFO increased by 15.0% YoY, AFFO increased by 16.8% YoY - **Debt:** Note payable of $16,216,391 (relatively stable) - **Liquidity:** $7,270,058 in cash, cash equivalents, and restricted cash **Uncertainties & Future Operations:** - **Economic Factors:** Inflation, interest rates, and geopolitical events pose risks - **Acquisitions:** No acquisitions in Q1 2025, but ongoing reviews - **Expansions:** Completed expansions in previous years, focusing on existing properties - **Dividends:** Maintained at $0.0725 per share **Market & Operational Impact:** - **Market Trends:** Focus on internet marketing and revenue rate management - **Operational Efficiency:** Cost reductions in employment and property taxes - **Future Outlook:** Strategic use of debt and equity for acquisitions and expansions **Summary:** Global Self Storage, Inc. demonstrated strong financial performance in Q1 2025, with significant increases in revenue, net income, and key operational metrics. The company continues to focus on strategic acquisitions, operational efficiency, and maintaining a robust dividend policy. Economic uncertainties and market trends remain key factors to monitor.