Global Self Storage, Inc. ( (SELF) ) has released its Q1 earnings. Here is a breakdown of the information Global Self Storage, Inc. presented to its investors.
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Global Self Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT) based in Maryland, specializing in the ownership, operation, management, acquisition, and redevelopment of self-storage properties across the United States. As of March 31, 2025, the company owned and managed thirteen self-storage properties in various states.
In its latest earnings report for the quarter ending March 31, 2025, Global Self Storage, Inc. reported a net income of $555,152, a significant increase from $266,150 in the same quarter of the previous year. The company also saw a rise in total revenues, reaching $3,126,304 compared to $3,034,040 in the first quarter of 2024.
The company’s financial performance was bolstered by an increase in rental income and other property-related income. Operating income rose to $723,667 from $590,994 year-over-year, while total expenses saw a slight decrease. Despite a small unrealized loss on marketable equity securities, the company benefited from higher dividend and interest income.
Looking ahead, Global Self Storage, Inc. remains focused on maintaining its REIT status and continuing its strategic initiatives in property management and acquisition. The management’s outlook suggests a stable financial trajectory, with ongoing efforts to enhance shareholder value through prudent financial management and operational efficiency.