Global Self Storage

Global Self Storage, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, and re-development of self-storage properties. It offers personal, outdoor parking, climate controlled, wine, and business storage facilities. The company was founded on September 1, 1983 and is headquartered in Millbrook, NY.

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Global Self Storage is well positioned to take advantage of the healthy growth and demand arising globally for self-storage solutions. In the last year, transaction volume grew more than 170%. The company has capitalized on this market boom, tripling its net operating income from $1.4 million in 2019 to $3.6 million in 2022, largely due to increased efficiency and rent roll-up. Despite the company's strong financial position and consistent dividend payments, it is undervalued, with projections suggesting a potential upside of around 30% to a fair value per share of $6.60.

Global Self Storage: The Right Player To Get Exposure To Self-Storage

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Self-storage REITs have returned 7.27% this year, outperforming the REIT average and the S&P 400 and 600 indexes. Publicly traded REITs own only 20% of the total square footage in the US storage facilities, leaving room for growth by acquisition. This article examines the Self-Storage REIT sector, to identify the best poised self-storage REIT to deliver outperformance over the next 2 to 5 years.

Picking A Winner In Self-Storage REITs

MILLBROOK, NY / ACCESSWIRE / June 1, 2023 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has declared a cash dividend of $0.0725 per common share for the second quarter of 2023. The dividend is payable on June 30, 2023, to stockholders of record as of June 15, 2023.

Global Self Storage Declares Second Quarter 2023 Dividend

Strong Net Operating Income, FFO and AFFO Growth Driven by Continued Operational Excellence and Industry Resilience MILLBROOK, NY / ACCESSWIRE / May 9, 2023 / 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, 2023. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports Record First Quarter 2023 Results

SELF is trading at a deep discount to its NAV which offers a great opportunity. The market research provides a peace of mind for retail investor to go long.

Global Self Storage: A Hidden Gem For Retail Investors

Global Self Storage is a REIT specializing in the management and rental of self-storage units in the US, with a large opportunity in the self-storage market. Global Self Storage has grown strongly, achieving revenue growth of 14%, and adjusted FFO increased 31% year-over-year.

Global Self Storage: There Are Better Opportunities On The Market

Record-High Annual Revenues, Net Operating Income, FFO and AFFO Driven by Operational Excellence and Industry Strength MILLBROOK, NY / ACCESSWIRE / March 28, 2023 / 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 fourth quarter and full year ended December 31, 2022. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports Record Full Year 2022 Results; FFO up 34.1% to Record $4.5 million or $0.41 Per Share

MILLBROOK, NY / ACCESSWIRE / March 1, 2023 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has declared a cash dividend of $0.0725 per common share for the first quarter of 2023. The dividend is payable on March 31, 2023, to stockholders of record as of March 15, 2023.

Global Self Storage Declares First Quarter 2023 Dividend

SELF is a small REIT operating 13 storage space properties in the U.S. northeast. The company's management has been conservative and did not jump on the bandwagon of recent real estate and self storage properties speculation.

Global Self Storage Is An Interesting Company But Also Expensive

Global Self Storage is a small publicly traded REIT with a market cap of just +$57M and a simple portfolio of 13 properties. Despite its scale, the company performs competitively in relation to their significantly larger self-storage peer set.

Global Self Storage: A Small REIT That Performs Competitively

MILLBROOK, NY / ACCESSWIRE / December 1, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has declared a cash dividend of $0.0725 per common share for the fourth quarter of 2022. The dividend is payable on December 29, 2022, to stockholders of record as of December 15, 2022.

Global Self Storage Declares Fourth Quarter 2022 Dividend

Operational Excellence and Industry Strength Continued to Drive Record Revenues and Net Operating Income, and Strong FFO and AFFO Growth Rate MILLBROOK, NY / ACCESSWIRE / November 10, 2022 / 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 third quarter ended September 30, 2022. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports Record Third Quarter 2022 Results

Over a 10-year period, self-storage real estate investment trusts have exploded, earning annualized returns north of 19.1%, as reported by SPGlobal.

Self-Storage Is Big Business: How About Storing Your Money In These 2 Related REITs With Soaring Yields? - Global Self Storage (NASDAQ:SELF), National Storage (NYSE:NSA)

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Self-Storage REITs have defied expectations to the upside as comprehensively as any real estate sector since the start of the pandemic, delivering earnings growth of over 50% since 2019. Incremental storage demand is driven by change- particularly home moving rates and household formations. Surging mortgage rates have had a "lock-in" effect among existing homeowners while also pricing-out new formations.

Storage REITs: Locked-In And Sticky

MILLBROOK, NY / ACCESSWIRE / October 3, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires and redevelops self-storage properties, will ring the Nasdaq Stock Market Closing Bell on Wednesday, October 5, to commemorate the company's exceptional operational and financial performance, including a dividend yield that leads its publicly-traded self-storage REIT peers. Event: Nasdaq Closing Bell Ceremony Date: Wednesday, October 5 Time: 3:52 p.m.

Global Self Storage to Ring Nasdaq Closing Bell on October 5

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Robust Pricing Power, Operational Excellence and Industry Strength Continued to Drive Record Revenues and Net Operating Income, and Strong FFO and AFFO Growth Rate MILLBROOK, NY / ACCESSWIRE / August 10, 2022 / 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 second quarter ended June 30, 2022. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports Record Second Quarter 2022 Results

MILLBROOK, NY / ACCESSWIRE / August 2, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires and redevelops self-storage properties, has increased its dividend by 11.5% and declared a dividend of $0.0725 per common share for the third quarter of 2022. The quarterly distribution represents an annualized dividend rate of $0.29 per share, an increase of $0.03 per share from the previous annual rate of $0.26 per share.

Global Self Storage Increases Dividend by 11.5% and Declares Third Quarter 2022 Dividend of $0.0725 per Common Share

Global Self Storage has done incredibly well in recent months, with revenue and cash flows continuing to grow. Despite seeing its share price rise, the stock is still trading at a discount to much larger peers.

Global Self Storage: Expect Attractive Performance To Continue

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These REITs (real estate investment trusts) have sufficient funds from operations (FFO) to cover the dividends, making their payments secure. The post 6 REITS That Have Enough Earnings to Back Their Dividends appeared first on InvestorPlace.

6 REITS That Have Enough Earnings to Back Their Dividends

MILLBROOK, NY / ACCESSWIRE / June 1, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has declared a cash dividend of $0.065 per common share for the second quarter of 2022. The dividend is payable on June 30, 2022, to stockholders of record as of June 15, 2022.

Global Self Storage Declares Second Quarter 2022 Dividend

NEW YORK, NY / ACCESSWIRE / May 25, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, will present at Nareit's REITweek 2022 Investor Conference being held in-person at the New York Hilton Midtown on June 7-9. REITweek is the largest annual REIT industry investor conference, bringing together more than 3,000 investors, REIT executives, and industry professionals from across the country.

Global Self Storage to Present at Nareit's REITweek 2022 Investor Conference on June 7

I previously identified self-storage as one of 7 REIT sectors likely to outperform in 2022. That prediction has not worked out well thus far, but one self-storage REIT is handily beating the REIT average: Global Self Storage (SELF).

Global Self Storage: Great Big Name For A Tiny Company

News for Global Self Storage Stock (SELF)