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Stock impact report

Global Self Storage Reports Third 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 / November 8, 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 third quarter ended September 30, 2024. All comparisons are to the same year-ago period unless otherwise noted. Q3 2024 Highlights Total revenues increased 3.6% to a record $3.2 million. Net income increased 336% to a record $1.2 million or $0.10 per diluted share from $271,000 or $0.02 per diluted share. Same-store revenues increased 3.6% to a record $3.2 million. Same-store net operating income (NOI),a non-GAAP term, increased 6.3% to $2.0 million. Same-store occupancy at September 30, 2024 was 91.5% compared to 89.8% at September 30, 2023 as the company optimized rental revenue. Same-store average tenant duration of stay at September 30, 2024 was approximately 3.4 years, increasing from approximately 3.3 years as of September 30, 2023. Funds fro Show less Read more
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