Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust specializing in the self-storage sector, has reported its second quarter 2025 financial results. The company saw a 2.7% increase in total revenues, reaching $3.2 million compared to the same period last year. Net income for the quarter rose to $664,000, up from $592,000 in the year-ago period, translating to an earnings per share of $0.06 per diluted share, compared to $0.05 in the same quarter of the previous year. Same-store revenues also increased by 2.7% to $3.2 million, while same-store net operating income grew by 4.0% to $2.0 million. For the first half of 2025, the company reported a net income of $1.2 million, or $0.11 per diluted share, compared to $0.9 million, or $0.08 per diluted share, in the first half of 2024. The company also noted a decrease in property operations expenses to $2.39 million and general and administrative expenses to $1.6 million during the first six months of 2025. Despite the competitive environment, Global Self Storage has maintained its quarterly dividend at $0.0725 per share, consistent with the previous year's period and last quarter. The annualized dividend rate stands at $0.29 per share. The company remains focused on its strategic business plan, which includes acquisitions and expansion projects, aiming to enhance shareholder value over time.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.