Global Self Storage Q2 FFO and Revenue Exceed Expectations

Global Self Storage reported Q2 FFO of $0.10, beating expectations by $0.01. Revenue of $3.2M was up 2.7% YoY and exceeded expectations by $0.02M. The company owned 12 same-store properties and managed one third-party owned property as of June 30, 2025.

Global Self Storage (NASDAQ: SELF) reported robust financial results for the second quarter of 2025, demonstrating continued operational excellence and growth in the self-storage sector. The company's Funds from Operations (FFO) of $0.10 per share exceeded expectations by $0.01, while revenue climbed to $3.2 million, up 2.7% year-over-year (YoY) and surpassing expectations by $0.02 million [1].

As of June 30, 2025, Global Self Storage owned 12 same-store properties and managed one third-party owned property. The company's same-store revenue increased 2.7% to $3.2 million compared to the same period last year, while same-store cost of operations rose 0.7% to $1.18 million. Consequently, same-store Net Operating Income (NOI) climbed 4.0% to $2.0 million, driven primarily by revenue growth [1].

The company's same-store occupancy rate reached 94.7% as of June 30, 2025, up 170 basis points from the same period last year. Additionally, the average tenant duration of stay increased to approximately 3.4 years, compared to 3.3 years as of June 30, 2024 [1, 2].

Global Self Storage's strong performance is attributed to its targeted marketing program, growing brand recognition, and exceptional customer service. The company's peer-leading same-store metrics, including occupancy and tenant retention, highlight its operational excellence and ability to attract and retain high-quality tenants [2].

The company's capital resources stood at approximately $25.2 million, including $7.6 million in cash and cash equivalents, $2.6 million in marketable securities, and a full availability of its $15 million revolving credit facility. This financial flexibility positions Global Self Storage well for potential acquisitions and property expansions [2].

Global Self Storage maintained its quarterly dividend of $0.0725 per share, representing an annualized yield based on current pricing. The company's strategic business plan focuses on funding acquisitions and expansion projects, both directly and through joint ventures, in select U.S. and non-U.S. markets with limited supply growth and less professional competition [2].

Management's commentary underscores the company's commitment to delivering exceptional customer service and effective marketing strategies, which have allowed it to achieve record-high tenant satisfaction ratings and steady demand in its markets. The company's differentiated geographic strategy and disciplined approach to acquisitions are key drivers of its long-term value creation [2].

References:
[1] https://seekingalpha.com/news/4483000-global-self-storage-ffo-of-010-beats-by-001-revenue-of-32m-beats-by-002m
[2] https://www.stocktitan.net/news/SELF/global-self-storage-reports-second-quarter-2025-qlb83sfb29n7.html