Global Self Storage Q3 2023 FFO $0.10 Down From $0.13 YoY, Revenue $3.071M Up From $3.064M YoY
Portfolio Pulse from Benzinga Newsdesk
Global Self Storage reported a decrease in Q3 2023 FFO to $0.10 from $0.13 year-over-year, while revenue slightly increased to $3.071M from $3.064M in the same period.
November 13, 2023 | 9:48 pm
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Global Self Storage's Q3 FFO decreased to $0.10 from $0.13 YoY, but revenues showed a marginal increase to $3.071M from $3.064M YoY.
The decrease in Funds From Operations (FFO) is a critical metric for real estate investment trusts (REITs) like Global Self Storage, as it reflects the company's cash flow generated by its operations. Although the revenue has increased slightly, the decline in FFO is likely to be viewed negatively by investors, potentially leading to a short-term negative impact on the stock price.
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