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Stock impact report

Global Self Storage Reports Full Year 2024 Results [Yahoo! Finance]

Global Self Storage, Inc. (SELF) 
NASDAQ:AMEX Investor Relations: ir.globalselfstorage.us
Company Research Source: Yahoo! Finance
owns, operates, manages, acquires, and redevelops self-storage properties, reported results for the fourth quarter and full year ended December 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. Q4 2024 Highlights Total revenues increased 7.1% to $3.2 million. Net income was $84,000 or $0.01 per diluted share. Same-store revenues increased 7.0% to $3.2 million. Same-store net operating income (NOI)increased 11.2% to $2.0 million (see definition of this and other non-GAAP measures and their reconciliation to GAAP, below). Same-store occupancy at December 31, 2024 increased 360 basis points to 92.9% from 89.3% at December 31, 2023. Same-store average tenant duration of stay at December 31, 2024 was approximately 3.4 years, which was about the same as December 31, 2023. Funds from operations (FFO), a non-GAAP measure, increased 14% to $1.1 million or $0.10 per diluted share. Adjusted FFO (AFFO), a non-GAAP measure, increased 16% to $1.2 mi Show less Read more
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