Global Self Storage | 8-K: FY2025 Revenue: USD 12.71 M

Revenue: As of FY2025, the actual value is USD 12.71 M.

EPS: As of FY2025, the actual value is USD 0.18.

EBIT: As of FY2025, the actual value is USD 3.527 M.

Q4 2025 Financial Performance

Global Self Storage, Inc.’s total revenues decreased 0.9% to $3.2 million. Net income increased to $323,000 from $84,000. Same-store revenues decreased 0.9% to $3.1 million. Same-store cost of operations increased 4.5% to $1.2 million. Same-store net operating income (NOI) decreased 4.1% to $1.9 million. Funds from operations (FFO) decreased from $1.1 million to $1.0 million. Adjusted FFO (AFFO) decreased from $1.2 million to $1.1 million. Total operating expenses increased 3.6% to $2.5 million. Operating income decreased 14.4% to $680,000. Property operations expenses rose to $1.24 million from $1.18 million. General and administrative expenses increased to $831,000 from $800,000. Interest expense slightly increased to $207,000 from $205,000.

Full Year 2025 Financial Performance

For the full year, Global Self Storage, Inc. achieved a record $12.7 million in total revenues, an increase of 1.4%. Net income decreased to $2.0 million from $2.1 million. Same-store revenues increased 1.4% to a record $12.6 million. Same-store cost of operations increased 2.6% to $4.9 million. Same-store NOI increased 0.6% to a record $7.8 million. FFO increased 2.7% to $4.0 million. AFFO increased 3.4% to $4.4 million. Total operating expenses increased 1.1% to $9.7 million. Operating income increased 2.3% to $3.0 million. Property operations expenses increased to $4.9 million from $4.7 million. General and administrative expenses decreased to $3.22 million from $3.26 million. Interest expense decreased to $854,000 from $881,000, primarily due to a lower principal balance. Business development costs increased significantly to $22,286 from $3,037.

Operational Metrics

Same-store occupancy at December 31, 2025, increased by 10 basis points to a sector-leading 93.0% from 92.9% at December 31, 2024. The same-store average tenant duration of stay maintained a record level of approximately 3.5 years at December 31, 2025, up from approximately 3.4 years at December 31, 2024.

Capital Resources

As of December 31, 2025, Global Self Storage, Inc.’s capital resources totaled approximately $24.5 million, which included $7.5 million in cash, cash equivalents, and restricted cash, $2.3 million in marketable securities, and $14.7 million available under its revolving credit facility. Cash and cash equivalents were $7,364,963, restricted cash was $106,444, and investments in securities were $2,251,566. The net note payable was $15,785,874.

Outlook

Global Self Storage, Inc. aims to increase stockholder value through a strategic business plan focused on acquisitions, joint ventures, and expansion projects. The company plans to grow via acquisitions and expansions in markets with limited supply growth and less professional competition, supported by its strong balance sheet. Management anticipates continued optimization of occupancy, revenue, and NOI, expecting gradual improvement in market fundamentals, including move-in rate stabilization and muted new supply development.