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SELF — Global Self Storage News Story

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Global Self Storage Q4 revenue falls, net income rises

Overview

U.S. self-storage REIT's Q4 revenue fell 0.9% yr/yr, net income rose to $323,000

Same-store net operating income for Q4 decreased 4.1%

Outlook

Company expects gradual improvement in market fundamentals, including move-in rate stabilization

Result Drivers

HIGHER OPERATING EXPENSES - Q4 operating income and same-store NOI fell due to increased store-level expenses, especially for employment, landscaping and marketing

Company press release: ID:nACShGjQxa

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$3.2 mln$3.13 mln (2 Analysts)
Q4 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 22.5% above its March 24 closing price of $5.10 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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