Global Self Storage, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting GAAP revenue of $3.19 million. This figure surpassed analysts’ estimates of $3.05 million, indicating stronger-than-expected top-line performance for the self-storage REIT.
The company also reported GAAP diluted earnings per share of $0.06, an increase from $0.05 in Q2 2024. Operational efficiency was evident with same-store Net Operating Income (NOI) increasing by 4.0%, while occupancy reached a new high of 94.7%, up from 93.0% a year earlier.
Global Self Storage continued to demonstrate strong customer retention, with the average duration of stay for tenants reaching a record 3.4 years, compared with 3.3 years in the prior year. Customer review ratings averaged over 4.9 out of 5 stars at quarter-end, an improvement from 4.8 in Q1 2025, reflecting sustained customer satisfaction.
The company maintained a robust capital position, holding $7.6 million in cash, $2.6 million in marketable securities, and full access to a $15 million revolving credit facility. General and administrative costs decreased from $893,000 in Q2 2024 to $779,000, contributing to improved operating income. The quarterly dividend remained flat at $0.0725 per share and is well-covered by Adjusted Funds from Operations.
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