Global Self Storage, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:03 pm EST
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Global Self Storage, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.97 million compared to USD 2.61 million a year ago. Revenue was USD 3.09 million compared to USD 2.73 million a year ago. Net income was USD 0.929864 million compared to USD 0.629062 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.06 a year ago.
For the nine months, sales was USD 8.54 million compared to USD 7.4 million a year ago. Revenue was USD 8.89 million compared to USD 7.75 million a year ago. Net income was USD 1.62 million compared to USD 1.9 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.19 a year ago.
Global Self Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, and redevelops self-storage properties (stores or properties) in the United States. It operates primarily in one segment: rental operations. Its stores are designed to offer storage space for residential and commercial customers. In addition to traditional and climate-controlled units, many of the properties feature both covered and outside auto/RV/boat storage. The Company invests in stores by acquiring stores through its wholly owned subsidiaries. The Company owns and operates, or manages, through its wholly owned subsidiaries, in approximately 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma. The Companyâs properties totaled approximately 967336 net leasable square feet and offered 7,039 storage units.