Global Self Storage Q2 revenue rises 0.6%, net income up 24.9%; FFO falls 10.7%
Global Self Storage reported second quarter 2026 results for the period ended June 30, 2026. Total revenues rose 0.6% to $3.2 million and net income rose 24.9% to $830,000, but operating income fell 16.3% and FFO fell 10.7% to $978,000, with same-store NOI down 3.8%, mainly because of higher employment and property tax costs. The quarterly dividend of $0.0725 per share was maintained.
Key points
- Total revenues rose 0.6% to $3.2 million; same-store occupancy was 94.7%, unchanged from June 30, 2025.
- Net income rose to $830,000, or $0.07 per diluted share, from $664,000, or $0.06, a year earlier; the filing attributes part of the change to an unrealized gain on marketable equity securities of $266,394.
- FFO fell 10.7% to $978,000 ($0.09 per diluted share) and AFFO fell 8.9% to $1.1 million; same-store cost of operations rose 8.1%.
- Quarterly dividend of $0.0725 per share was declared on June 1, 2026 and maintained.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.