Global Self Storage Q1 AFFO $0.08 Down From $0.10 YoY, Sales $3.03M Down From $3.04M YoY
Portfolio Pulse from Benzinga Newsdesk
Global Self Storage (NASDAQ:SELF) reported a decrease in Q1 AFFO to $0.08 per share from $0.10 YoY, with sales slightly down to $3.03M from $3.04M YoY.
May 10, 2024 | 8:53 pm
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NEGATIVE IMPACT
Global Self Storage reported a 20% decrease in quarterly earnings per share and a slight decrease in sales YoY.
The decrease in both earnings per share and sales, although slight in the case of sales, indicates a potential negative impact on investor sentiment towards SELF in the short term. The reported decline in earnings per share is significant (20%) and could lead to a decrease in stock price as investors react to the company's reduced profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100