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Stock impact report

Global Self Storage Reports Second Quarter 2024 Results [Yahoo! Finance]

Global Self Storage, Inc. (SELF) 
NASDAQ:AMEX Investor Relations: ir.globalselfstorage.us
Company Research Source: Yahoo! Finance
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. Q2 2024 Highlights Total revenues increased 0.7% to $3.1 million. Net income increased 2.3% to $592,000 or $0.05 per diluted share from $578,000 or $0.05 per diluted share. Same-store revenues increased 0.9% to $3.1 million. Same-store net operating income (NOI),a non-GAAP term, decreased 2.7% to $1.9 million. Same-store occupancy at June 30, 2024 was 93.0% compared to 90.5% at June 30, 2023 as the company optimized rental revenue. As of July 31, 2024, same-store occupancy increased to 94.2%. Same-store average tenant duration of stay at June 30, 2024 was approximately 3.3 years, which was about the same as of June 30, 2023. Funds from operati Show less Read more
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