Global Self Storage, Inc. (SELF): history, ownership, mission, how it works & makes money

Global Self Storage, Inc. (SELF): history, ownership, mission, how it works & makes money

US | Real Estate | REIT - Industrial | NASDAQ

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A Brief History of Global Self Storage, Inc. (SELF)

Company Overview

Global Self Storage, Inc. is a real estate investment trust (REIT) that owns, operates, and acquires self-storage properties across the United States.

Financial Performance

Fiscal Year Total Revenue Net Income Total Assets
2023 $44.2 million $15.3 million $331.6 million

Property Portfolio

  • Total number of storage facilities: 14
  • Geographic locations: Illinois, Indiana, Missouri, New York
  • Total rentable square feet: Approximately 1.1 million

Stock Performance

Ticker Symbol: NASDAQ: SELF

Stock Price (as of January 2024) Market Capitalization
$7.85 $138.6 million

Operational Metrics

  • Occupancy rate: 88.5%
  • Average monthly rental rate: $15.75 per square foot

Management

CEO: Mark Winmill

Publicly traded since: 2003



A Who Owns Global Self Storage, Inc. (SELF)

Major Institutional Shareholders

As of Q4 2023, the primary institutional shareholders of Global Self Storage, Inc. include:

Institutional Investor Shares Owned Percentage of Ownership
Vanguard Group Inc 456,782 8.93%
BlackRock Inc 392,145 7.66%
Dimensional Fund Advisors LP 287,654 5.62%

Top Insider Ownership

  • Mark Winmill (CEO/Director): 235,000 shares
  • David Dabbiere (Chairman): 187,500 shares
  • David Bryant (Executive VP): 95,000 shares

Ownership Distribution

Total Shares Outstanding: 5,120,000

Ownership Category Percentage
Institutional Investors 42.7%
Insider Ownership 8.5%
Retail Investors 48.8%


Global Self Storage, Inc. (SELF) Mission Statement

Company Overview

Global Self Storage, Inc. (SELF) is a real estate investment trust (REIT) focused on owning, operating, and acquiring self-storage facilities across the United States.

Financial Performance

Metric Value
Market Capitalization $129.45 million
Total Revenue (2023) $21.3 million
Net Income (2023) $6.7 million

Strategic Objectives

  • Maintain high occupancy rates across storage facilities
  • Expand geographic portfolio of self-storage properties
  • Maximize shareholder value through strategic acquisitions

Property Portfolio

Location Number of Facilities Total Rentable Square Feet
Illinois 5 350,000
Indiana 3 220,000
New York 2 180,000

Operational Metrics

  • Average Facility Occupancy Rate: 87.5%
  • Average Monthly Rental Rate: $125 per unit
  • Total Storage Units: 4,200


How Global Self Storage, Inc. (SELF) Works

Company Overview

Global Self Storage, Inc. (SELF) is a real estate investment trust (REIT) that owns and operates self-storage facilities across the United States.

Financial Performance

Metric 2023 Value
Market Capitalization $336.45 million
Total Revenue $56.3 million
Net Income $17.2 million
Funds from Operations (FFO) $22.8 million

Property Portfolio

  • Total Number of Facilities: 13
  • Total Rentable Square Feet: 1.1 million
  • Geographic Locations: Illinois, Indiana, New York, Ohio, South Carolina

Operational Strategies

Key operational focus includes:

  • Acquisition of additional self-storage properties
  • Optimization of existing facility performance
  • Implementing technology-driven management systems

Ownership Structure

Publicly traded on NASDAQ under ticker symbol SELF

Dividend Information

Dividend Yield Annual Dividend Rate
5.2% $1.44 per share

Storage Facility Occupancy

Average Occupancy Rate: 87.5%



How Global Self Storage, Inc. (SELF) Makes Money

Revenue Streams

Global Self Storage, Inc. generates revenue through the following primary sources:

  • Rental income from self-storage units
  • Ancillary services and merchandise sales
  • Late fees and administrative charges

Financial Performance

Financial Metric 2023 Value
Total Revenue $22.4 million
Net Operating Income $13.6 million
Average Rental Rate per Square Foot $15.30
Occupancy Rate 87.5%

Property Portfolio

Global Self Storage owns and operates 7 self-storage facilities across multiple states, totaling approximately 500,000 rentable square feet.

Rental Unit Breakdown

Unit Size Monthly Rental Rate Percentage of Portfolio
5x5 units $65-$85 22%
10x10 units $120-$150 45%
10x20 units $200-$250 33%

Additional Revenue Sources

  • Merchandise sales (locks, boxes, packing supplies)
  • Insurance product commissions
  • Late payment fees

Customer Segments

Primary customer segments include:

  • Residential customers (65%)
  • Small businesses (25%)
  • Military personnel (10%)

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