Streetbeat News

SELF

Global Self Storage, Inc.

https://www.globalselfstorage.us

Industry

REIT - Industrial

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.

Open

5.15

Mkt cap

58M

Volume

16K

High

5.20

P/E Ratio

19.07

52-wk high

5.85

Low

5.08

Div yield

0.06

52-wk low

4.01

Global Self Storage (NASDAQ:SELF) is set to distribute a dividend of $0.07 per share on December 28, 2023, with an annualized yield of 6.33% for shareholders recorded before December 14, 2023. The company has shown a positive trend in dividend per share growth from $0.26 in 2019 to $0.28 in 2022, and earnings per share growth from $0.17 to $0.43 over the same period. This suggests a healthy financial status and potential for continued dividend payouts. Uniti Group (NASDAQ:UNIT) has a higher annualized dividend yield of 10.31% compared to Global Self Storage.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 3:05 pm

The article discusses the benefits of investing in industrial REITs, which offer stable rental income and property value appreciation. It highlights three industrial REITs with high dividend yields: Innovative Industrial Properties Inc. (IIPR) with a yield of 7.35%, Global Self Storage Inc. (SELF) with a yield of 6.3%, and National Storage Affiliates Trust (NSA) with a yield of 5.59%. These REITs are attractive for their potential income and accessibility to individual investors.

Portfolio Pulse from Chris Bibey

December 26, 2023 | 7:16 pm

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.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 9:48 pm

Global Self Storage has announced an increase in its quarterly dividend from $0.26 to $0.29 per share.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:22 pm

Global Self Storage (NASDAQ:SELF) reported Q2 earnings of $0.10 per share, a 9.09% decrease YoY. The company's sales were $3.10 million, a 4.06% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 8:19 pm

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