Global Self Storage Inc

NASDAQ:SELFUnited States

Nov 8, 2024

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• -- Earnings Flash (SELF) GLOBAL SELF STORAGE Posts Q3 Revenue $3.2M, from 4:19PM ET on Friday Nov 08, 2024 by MT Newswires

  4:19PM ET on Friday Nov 08, 2024 by MT Newswires
  Companies Mentioned: SELF
  04:19 PM EST, 11/08/2024 (MT Newswires) -- ...

• Global Self Storage Reports Third Quarter 2024 Results, from 4:19PM ET on Friday Nov 08, 2024 by Dow Jones

  4:19PM ET on Friday Nov 08, 2024 by Dow Jones
  Companies Mentioned: SELF
  
  (Unaudited)
  For the Three Months For the Nine Months Ended Ended September 30, September 30, ------------------------- ------------------------- 2024 2023 2024 2023 ----------- ----------- ----------- ----------- Revenues Rental income $ 3,070,871 $ 2,968,263 $ 8,967,371 $ 8,857,845 Other property related income 111,618 103,676 323,957 293,788 Management fees and other income 17,787 18,435 52,026 62,712 ---------- ---------- ---------- ---------- Total revenues 3,200,276 3,090,374 9,343,354 9,214,345 ---------- ---------- ---------- ---------- Expenses Property operations 1,153,947 1,163,064 3,556,232 3,374,379 General and administrative 762,000 683,629 2,457,551 2,172,965 Depreciation and amortization 409,227 409,245 1,225,290 1,224,624 Business development 2,012 5,903 4,287 11,152 ---------- ---------- ---------- ---------- Total expenses 2,327,186 2,261,841 7,243,360 6,783,120 ---------- ---------- ---------- ---------- Operating income 873,090 828,533 2,099,994 2,431,225 ---------- ---------- ---------- ---------- Other income (expense) Dividend and interest income 68,703 66,906 211,030 194,960 Unrealized gain (loss) on marketable equity securities 499,283 (411,969) 403,935 (165,266) Interest expense (259,419) (212,712) (675,622) (619,550) ---------- ---------- ---------- ---------- Total other expense, net 308,567 (557,775) (60,657) (589,856) ---------- ---------- ---------- ---------- Net income and comprehensive income $ 1,181,657 $ 270,758 $ 2,039,337 $ 1,841,369 ========== ========== ========== ========== Earnings per share Basic $ 0.11 $ 0.02 $ 0.18 $ 0.17 ========== ========== ========== ========== Diluted $ 0.10 $ 0.02 $ 0.18 $ 0.16 ========== ========== ========== ========== Weighted average shares outstanding Basic 11,101,705 11,048,877 11,087,613 11,041,578 Diluted 11,159,187 11,090,674 11,127,016 11,084,684