SELF

Global Self Storage
SELF

$5.24

1.95%

Market Cap: $59M

About: Global Self Storage Inc is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible, and secure storage space for residential and commercial customers. It has one segment of Rental operations. Through its wholly-owned subsidiaries, the company owns and/or manages close to 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.

Employees: 35

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $14.7M [Q1] → $15.6M (+$894K) [Q2]

1.11% less ownership

Funds ownership: 29.56% [Q1] → 28.45% (-1.11%) [Q2]

5% less funds holding

Funds holding: 44 [Q1] → 42 (-2) [Q2]

25% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 16

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

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Research analyst outlook

We haven’t received any recent analyst ratings for SELF.

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Financial journalist opinion

Global Self Storage Declares Third Quarter 2024 Dividend

MILLBROOK, NY / ACCESSWIRE / September 3, 2024 / 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 third quarter of 2024. The dividend is payable on September 30, 2024, to stockholders of record as of September 17, 2024.

Global Self Storage Declares Third Quarter 2024 Dividend

Global Self Storage Reports Second Quarter 2024 Results

Peer leading Same-Store Revenue and Occupancy Growth Despite Competitive Move-in Rate Environment MILLBROOK, NY / ACCESSWIRE / August 9, 2024 / 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, 2024. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports Second Quarter 2024 Results

Who's Buying These Higher-Risk Small Cap REITs?

Big tech and AI dominate financial headlines. Small-cap companies offer potential for growth and investment opportunities. Three small-cap REITs worth considering: Global Self Storage, Postal Realty Trust, Clipper Realty.

Who's Buying These Higher-Risk Small Cap REITs?

Global Self Storage Extends $15 Million Revolving Credit Facility

MILLBROOK, NY / ACCESSWIRE / July 11, 2024 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, and redevelops self-storage properties, has extended its $15 million revolving credit facility with The Huntington National Bank for another three years with a one-year extension option available thereafter. The revolving credit line bears interest on withdrawn funds at a rate equal to one-month SOFR plus 3.00%.

Global Self Storage Extends $15 Million Revolving Credit Facility

The State Of REITs: June 2024 Edition

After a rough start to the year, REITs partially bounced back in May with a +2.51% average total return. Small-cap REITs (-0.48%) averaged a negative return in May, but micro caps (+5.09%), large caps (+4.28%) and mid caps (+3.35%) were solidly in the black. 74.03% of REIT securities had a positive total return in May.

The State Of REITs: June 2024 Edition

Global Self Storage: An Unsolicited Takeover Offer Unveils The Company's Potential

Global Self Storage received an unsolicited takeover offer at $6.15 per share, close to the expected fair price. The board rejected the bid, stating that it significantly undervalued the company and its growth prospects. The valuation framework of the takeover suggests that the offered multiple of 17x AFFO was reasonable and fair.

Global Self Storage: An Unsolicited Takeover Offer Unveils The Company's Potential

Global Self Storage Declares Second Quarter 2024 Dividend

MILLBROOK, NY / ACCESSWIRE / June 3, 2024 / 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 2024. The dividend is payable on June 28, 2024, to stockholders of record as of June 17, 2024.

Global Self Storage Declares Second Quarter 2024 Dividend

Global Self Storage Reports First Quarter 2024 Results

Same-Store Occupancy Up 3.4 Percentage Points to 91.3% and Strong Tenant Duration Despite Competitive Move-in Rate Environment MILLBROOK, NY / ACCESSWIRE / May 10, 2024 / 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, 2024. All comparisons are to the same year-ago period unless otherwise noted.

Global Self Storage Reports First Quarter 2024 Results

Global Self Storage Comments on Unsolicited, Non-Binding, and Conditional Acquisition Proposal Received From Etude Storage Partners LLC

No Stockholder Action Required at this Time MILLBROOK, NY / ACCESSWIRE / May 7, 2024 / Global Self Storage, Inc. (NASDAQ:SELF), (the "Company"), a real estate investment trust that owns, operates, manages, acquires and redevelops self-storage properties, today commented on the unsolicited, non-binding, and conditional acquisition proposal that it received today from Etude Storage Partners LLC to acquire all of the outstanding shares of the Company for $6.15 per share in cash. The proposal announced by Etude today is the third unsolicited, non-binding, and conditional acquisition proposal that Etude has submitted to Global Self Storage within the past ninety days.

Global Self Storage Comments on Unsolicited, Non-Binding, and Conditional Acquisition Proposal Received From Etude Storage Partners LLC

Etude Storage Partners Proposes to Acquire Global Self Storage for $6.15 Per Share in Cash

AUSTIN, Texas--(BUSINESS WIRE)--Etude Storage Partners LLC, a self-storage-focused investment firm, today sent the below letter to the Board of Directors of Global Self Storage, Inc. (Nasdaq: SELF) (the “Company”), which details its $6.15 per share all-cash, fully financed proposal to acquire the Company. May 7, 2024 Global Self Storage, Inc. 3814 Route 44 Millbrook, New York 12545 Attn: Board of Directors Dear Members of the Board: I am writing to you on behalf of Etude Storage Partners LLC (t.

Etude Storage Partners Proposes to Acquire Global Self Storage for $6.15 Per Share in Cash

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