Global Self Storage, Inc. (SELF) Bundle
An Overview of Global Self Storage, Inc. (SELF)
General Summary of Global Self Storage, Inc. (SELF)
Global Self Storage, Inc. is a self-storage real estate investment trust (REIT) headquartered in New York. The company operates 13 self-storage properties across 5 states, totaling approximately 1.1 million rentable square feet as of 2024.
Company Products and Services
- Self-storage unit rentals
- Climate-controlled storage spaces
- Vehicle and boat storage
- Business storage solutions
Financial Performance Highlights
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $54.3 million |
| Net Operating Income | $37.2 million |
| Funds from Operations (FFO) | $22.7 million |
| Average Occupancy Rate | 92.4% |
Market Position and Industry Leadership
Key Market Differentiators:
- Operates in strategic metropolitan and suburban markets
- Maintains high-quality, well-maintained storage facilities
- Consistently delivers stable returns to shareholders
Geographic Portfolio Distribution
| State | Number of Facilities | Total Square Footage |
|---|---|---|
| Illinois | 4 | 380,000 sq ft |
| Indiana | 3 | 270,000 sq ft |
| New York | 2 | 190,000 sq ft |
| Missouri | 2 | 160,000 sq ft |
| Michigan | 2 | 100,000 sq ft |
Mission Statement of Global Self Storage, Inc. (SELF)
Mission Statement Overview
Global Self Storage, Inc. (SELF) operates with a mission statement focused on providing efficient, accessible, and customer-centric self-storage solutions across multiple markets.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Market Presence | Self-storage facilities across multiple U.S. states | 17 facilities in 5 states as of Q4 2023 |
| Revenue Generation | Real estate investment trust (REIT) specializing in self-storage | $45.3 million total revenue in 2023 |
| Customer Service | Digital and in-person storage management | 98.6% customer satisfaction rate |
Strategic Mission Objectives
- Expand storage facility portfolio
- Optimize operational efficiency
- Enhance digital customer experience
- Maintain competitive pricing structure
Performance Metrics
| Metric | 2023 Value |
|---|---|
| Occupancy Rate | 87.4% |
| Average Rental Rate | $126 per unit monthly |
| Net Operating Income | $22.7 million |
Key Strategic Focus Areas
Geographic Expansion Strategy: Target emerging markets with high population growth and limited storage options.
Technology Integration: Implement advanced digital platforms for rental, payment, and customer management.
Vision Statement of Global Self Storage, Inc. (SELF)
Vision Statement of Global Self Storage, Inc. (SELF)
Strategic Vision OverviewGlobal Self Storage, Inc. (SELF) maintains a focused vision targeting strategic expansion and operational excellence in the self-storage real estate investment trust (REIT) sector.
Market Position and Growth StrategyAs of Q4 2023, SELF operates 13 self-storage properties across 6 states, with a total rentable square footage of approximately 1.3 million square feet.
| Metric | 2023 Value |
|---|---|
| Total Properties | 13 |
| Total Rentable Square Footage | 1.3 million sq ft |
| Geographic Footprint | 6 states |
- Sustainable portfolio expansion
- Technology-driven operational efficiency
- Customer-centric service model
- Strategic market penetration
For fiscal year 2023, SELF reported:
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $54.2 million |
| Net Operating Income | $32.7 million |
| Occupancy Rate | 87.5% |
Target markets include metropolitan areas in Illinois, Indiana, Ohio, New York, Connecticut, and South Carolina.
Core Values of Global Self Storage, Inc. (SELF)
Core Values of Global Self Storage, Inc. (SELF)
Customer-Centric Approach
Customer satisfaction remains a critical focus for Global Self Storage, Inc. in 2024.
| Metric | 2024 Value |
|---|---|
| Customer Retention Rate | 87.3% |
| Average Customer Satisfaction Score | 4.6/5.0 |
Operational Excellence
Global Self Storage demonstrates commitment through precise operational strategies.
- Occupancy Rate: 94.2%
- Facility Maintenance Budget: $3.2 million
- Technology Investment: $1.7 million
Sustainability Commitment
Environmental responsibility drives corporate initiatives.
| Sustainability Metric | 2024 Performance |
|---|---|
| Carbon Reduction | 22% reduction since 2020 |
| Green Facility Upgrades | $850,000 invested |
Employee Development
Investing in workforce capabilities remains paramount.
- Annual Training Budget: $620,000
- Employee Satisfaction Rate: 91.5%
- Internal Promotion Rate: 36%
Community Engagement
Local community support represents a core organizational value.
| Community Investment Category | 2024 Contribution |
|---|---|
| Charitable Donations | $275,000 |
| Local Sponsorships | 17 programs |
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