Global Self Storage's Q3 revenue rises on occupancy growth

Global Self Storage

07/11/2025 21:26

Overview

Global Self Storage Q3 revenue rose 0.8% to $3.2 mln

Net income for Q3 decreased to $496,000 from $1.2 mln in the prior year

Same-store occupancy increased 170 basis points to 93.2%

Outlook

Global Self Storage plans growth through acquisitions and joint ventures

Result Drivers

OCCUPANCY GROWTH - Same-store occupancy increased 170 basis points to 93.2%, driven by targeted marketing and customer experience focus

REVENUE MANAGEMENT - Revenue increase attributed to proprietary revenue rate management program

EXPENSE INCREASE - Higher operating expenses due to increased utilities, employment costs, and one-time repairs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$3.2 mln
Q3 Adjusted FFO
$1.1 mln
Q3 Dividend
$0.07


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Global Self Storage Inc is $6.25, about 21.6% above its November 6 closing price of $4.90

Press Release: ID:nACSkBvHsa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)