---
title: "Global Self Storage | 8-K: FY2026 Q1 Revenue: USD 3.174 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285770876.md"
datetime: "2026-05-08T20:17:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285770876.md)
  - [en](https://longbridge.com/en/news/285770876.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285770876.md)
---

# Global Self Storage | 8-K: FY2026 Q1 Revenue: USD 3.174 M

Revenue: As of FY2026 Q1, the actual value is USD 3.174 M.

EPS: As of FY2026 Q1, the actual value is USD 0.04.

EBIT: As of FY2026 Q1, the actual value is USD 703.4 K.

#### Q1 2026 Financial Highlights

Global Self Storage, Inc.’s total revenues increased 1.5% to $3.2 million in the first quarter of 2026, primarily due to increases in occupancy and existing tenant rates, totaling $3,173,754, compared to $3,126,304 in Q1 2025 . Rental income was $3,050,304 in Q1 2026, up from $3,000,052 in Q1 2025 . Other property related income was $104,831 in Q1 2026, down from $107,870 in Q1 2025 . Management fees and other income were $18,619 in Q1 2026, up from $18,382 in Q1 2025 .

Net income decreased to $477,000 in Q1 2026, from $555,000 in the same year-ago period .

Total operating expenses increased 8.3% to $2.6 million in Q1 2026, compared to $2.4 million in the same year-ago period, with total expenses reaching $2,601,978 in Q1 2026 compared to $2,402,637 in Q1 2025 . Property operations expenses increased to $1.3 million from $1.2 million in Q1 2025 . General and administrative expenses increased to $859,000 from $787,000 in Q1 2025, primarily due to increased employment costs and one-time professional fees . Depreciation and amortization was $412,415 in Q1 2026, compared to $406,846 in Q1 2025 .

Operating income decreased 21.0% to $572,000 in Q1 2026, compared to $724,000 in the same period last year .

Interest expense decreased to $203,878 in Q1 2026 from $223,769 in the same year-ago period . There was an unrealized gain of $36,871 on marketable equity securities in Q1 2026, compared to an unrealized loss of - $13,345 in Q1 2025 . Dividend and interest income was $72,250 in Q1 2026, compared to $68,599 in Q1 2025 .

#### Same-Store Results

Same-store revenues increased 1.5% to $3.2 million in Q1 2026, compared to $3,107,922 in the same period last year . Same-store cost of operations increased 10% to $1.3 million, compared to $1.2 million in the same period last year, primarily due to increased employment costs and real estate property taxes . Same-store Net Operating Income (NOI) decreased 3.9% to $1.8 million, compared to $1.9 million in the same period last year, primarily due to an increase in store operating expenses . Same-store occupancy as of March 31, 2026, increased 100 basis points to 93.1% from 92.1% as of March 31, 2025 . The average tenant duration of stay was approximately 3.6 years as of March 31, 2026, compared to approximately 3.5 years as of March 31, 2025 .

#### Non-GAAP Financial Measures

Funds from Operations (FFO) decreased 12.6% to $853,000 in Q1 2026, compared to $975,000 in the same period last year . Adjusted FFO (AFFO) decreased 11.0% to $958,000 in Q1 2026, compared to $1.1 million in the same period last year .

#### Capital Resources

As of March 31, 2026, capital resources totaled approximately $24.5 million . This included $7.4 million in cash, cash equivalents, and restricted cash, $2.3 million in marketable securities, and $14.8 million available under the company’s revolving credit facility .

#### Dividend

Global Self Storage, Inc. maintained its quarterly dividend of $0.0725 per common share, consistent with the previous quarter and year-ago period .

#### Operational Metrics

In January, Global Self Storage, Inc. converted student housing space at its Lima, OH property into approximately 2,400 leasable square feet of all-climate-controlled units, increasing occupancy from 90.6% upon completion to 91.1% at quarter-end .

#### Outlook / Guidance

Global Self Storage, Inc. aims to increase stockholder value by executing its strategic business plan, which includes funding acquisitions, joint ventures, and expansion projects in select markets with limited supply growth and less professional competition . The company plans to continue attracting high-quality, long-term tenants through targeted marketing strategies and strong customer service . Management expects employment costs to return to lower historic levels of growth in the future .

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