Global Self Storage, Inc. (SELF) Bundle
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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