Global Self Storage, Inc. (SELF) 10-Year Financial Performance & Capital Metrics

SELF • • REIT / Real Estate

Real EstateIndustrial REITsSelf-Storage REITsRegional Self-Storage Operators

AboutGlobal Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. Through its wholly owned subsidiaries, the company owns and/or manages 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.Show more

Revenue $13M +2.8%
FFO $4M -17.8%
FFO/Share 0.34 -18.2%
FFO Payout 86.59% +22.9%
FFO per Share 0.34 -18.2%
NOI Margin 62.17% -0.8%
FFO Margin 29.99% -20.0%
ROE 4.44% -27.1%
ROA 3.21% -26.7%
Debt/Assets 24.97% -1.2%
Net Debt/EBITDA 2.03 -3.7%
Book Value/Share 4.26 -2.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 29.2%
✓High NOI margin of 62.2%
✓Healthy dividend yield of 5.8%
✓Trading at only 1.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.9%
✗FFO declining 28.1% TTM
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.79%

5Y7.65%

3Y6.04%

TTM3.36%

Profit (Net Income) CAGR

10Y-10%

5Y29.17%

3Y-13.5%

TTM-42.61%

EPS CAGR

10Y-13.6%

5Y-

3Y-16.81%

TTM-43.94%

ROCE

10Y Avg4.18%

5Y Avg4.11%

3Y Avg4.84%

Latest4.49%

Peer Comparison

Regional Self-Storage Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SELFGlobal Self Storage, Inc.	57.48M	5.07	26.68	2.79%	14.14%	3.84%	7.4%	0.34

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.63M	4.98M	7.47M	8.11M	8.67M	9.2M	10.51M	11.94M	12.19M	12.53M
Revenue Growth %	0.49%	0.37%	0.5%	0.09%	0.07%	0.06%	0.14%	0.14%	0.02%	0.03%
Property Operating Expenses	23.51K	2.1M	3.15M	3.26M	3.58M	3.59M	3.78M	4.17M	4.55M	4.74M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	-2.5M	2.81M	3.64M	3.42M	3.69M	4.39M	4.05M	4.25M	4.53M	4.9M
G&A Expenses	1.14M	1.41M	1.94M	2.02M	2.25M	2.4M	2.37M	2.58M	2.88M	3.26M
EBITDA+	4.53M	4.98M	7.47M	8.1M	2.84M	3.21M	4.32M	5.15M	4.75M	4.53M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	-1.59M	4.91M	6.8M	6.67M	1.44M	1.99M	1.63M	1.62M	1.63M	1.63M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.11M	65.7K	677.47K	1.43M	1.4M	1.22M	2.68M	3.53M	3.11M	2.89M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	4.57M	456.72K	880.83K	897.94K	1.08M	0	1.05M	780.22K	0	880.74K
Interest Coverage	1.34x	0.14x	0.77x	1.59x	1.30x	-	2.57x	4.52x	-	3.29x
Non-Operating Income	0	-775.15K	-57.07K	-15.52K	-265.37K	-234.47K	-45.53K	689.24K	-673.92K	-110.16K
Pretax Income+	6.11M	384.13K	-146.29K	619.45K	590.62K	274.34K	3.28M	2.06M	2.94M	2.12M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.11M	384.13K	-146.29K	619.45K	590.62K	274.34K	3.28M	2.06M	2.94M	2.12M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0%	-0.94%	-1.38%	5.23%	-0.05%	-0.54%	10.96%	-0.37%	0.43%	-0.28%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.08%	0.17%	0.26%	0.1%	-0.72%	0.12%	1.17%	-0.25%	0.24%	-0.18%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.82	0.05	-0.02	0.08	-0.06	0.03	0.33	0.19	0.26	0.19
EPS Growth %	0%	-0.94%	-1.38%	5.23%	-1.78%	1.47%	10.15%	-0.42%	0.37%	-0.27%
EPS (Basic)	0.82	0.05	-0.02	0.08	-0.06	0.03	0.33	0.19	0.26	0.19
Diluted Shares Outstanding	7.42M	7.42M	7.62M	7.62M	7.7M	9.28M	10M	10.9M	11.09M	11.14M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	42.49M	61.65M	59.87M	58.59M	67.66M	64.95M	66.55M	67.38M	66.88M	65.52M
Asset Growth %	0.11%	0.45%	-0.03%	-0.02%	0.15%	-0.04%	0.02%	0.01%	-0.01%	-0.02%
Real Estate & Other Assets+	12.32K	-61.65M	-61.43M	-59.68M	311.87K	152.54K	254K	-748.32K	56.21M	54.86M
PP&E (Net)	0	55.78M	55.05M	53.81M	59.79M	59.79M	58.4M	54.2K	0	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Total Current Assets+	44.17K	3.39M	4.13M	3.61M	4.71M	2.39M	3.72M	0	7.2M	7.35M
Cash & Equivalents	29.76K	2.91M	2.15M	1.53M	3.99M	1.61M	2.9M	6.52M	6.92M	7.18M
Receivables	14.4K	157.61K	103.29K	67.6K	164.08K	106.52K	120.64K	168.3K	169.41K	142.41K
Other Current Assets	0	0	221.83K	449.83K	551.15K	667.46K	686.5K	-6.68M	106.77K	29.2K
Intangible Assets	0	317.14K	0	0	398.8K	0	0	0	0	0
Total Liabilities	203.67K	21.1M	21.37M	21.38M	25.6M	24.91M	19.43M	19.04M	18.63M	18.08M
Total Debt+	0	19.37M	19.42M	19.27M	23.79M	23.56M	17.93M	17.48M	16.9M	16.36M
Net Debt	-29.76K	16.46M	17.27M	17.74M	19.8M	21.94M	15.03M	10.96M	9.98M	9.18M
Long-Term Debt	0	19.37M	19.42M	19.27M	23.75M	23.53M	17.92M	16.86M	16.9M	16.36M
Short-Term Borrowings	0	0	0	0	0	0	0	558.71K	0	0
Capital Lease Obligations	0	0	0	0	37.7K	24.97K	11.62K	54.2K	0	0
Total Current Liabilities+	203.67K	1.72M	1.95M	2.11M	1.8M	1.35M	1.5M	0	1.73M	1.72M
Accounts Payable	0	0	0	2.11M	1.8M	1.35M	1.5M	0	0	0
Deferred Revenue	0	-39.57M	-39.66M	-20.87M	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	-1	-16.92M	0	0
Total Equity+	42.29M	56.96M	55.66M	54.76M	42.07M	40.04M	47.12M	48.34M	48.25M	47.44M
Equity Growth %	0.11%	0.35%	-0.02%	-0.02%	-0.23%	-0.05%	0.18%	0.03%	-0%	-0.02%
Shareholders Equity	42.29M	40.55M	38.5M	37.21M	42.07M	40.04M	47.12M	48.34M	48.25M	47.44M
Minority Interest	0	16.41M	17.16M	17.56M	0	0	0	0	0	0
Common Stock	32.98M	76.19K	76.19K	76.93K	93.3K	93.43K	107.09K	111.09K	111.53K	112.93K
Additional Paid-in Capital	0	33.88M	33.88M	33.96M	40.33M	40.46M	46.85M	49.03M	49.23M	49.56M
Retained Earnings	593.52K	5.87M	3.75M	3.17M	1.64M	-509.95K	159.65K	-801.69K	-1.09M	-2.24M
Preferred Stock	0	5.87M	3.75M	3.17M	0	0	0	0	0	0
Return on Assets (ROA)	0.15%	0.01%	-0%	0.01%	0.01%	0%	0.05%	0.03%	0.04%	0.03%
Return on Equity (ROE)	0.15%	0.01%	-0%	0.01%	0.01%	0.01%	0.08%	0.04%	0.06%	0.04%
Debt / Assets	-	0.31%	0.32%	0.33%	0.35%	0.36%	0.27%	0.26%	0.25%	0.25%
Debt / Equity	-	0.34x	0.35x	0.35x	0.57x	0.59x	0.38x	0.36x	0.35x	0.34x
Net Debt / EBITDA	-0.01x	3.31x	2.31x	2.19x	6.97x	6.84x	3.48x	2.13x	2.10x	2.03x
Book Value per Share	5.70	7.68	7.31	7.18	5.46	4.31	4.71	4.43	4.35	4.26

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.1M	1.31M	1.87M	2.28M	1.71M	2M	3.64M	4.8M	4.52M	4.33M
Operating CF Growth %	-0.7%	0.19%	0.43%	0.22%	-0.25%	0.17%	0.82%	0.32%	-0.06%	-0.04%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	6.11M	384.13K	-146.29K	619.45K	590.62K	274.34K	3.28M	2.06M	2.94M	2.12M
Depreciation & Amortization	0	952.51K	1.7M	1.4M	1.44M	1.99M	1.63M	1.62M	1.63M	1.63M
Stock-Based Compensation	0	0	0	80.77K	102.99K	126.03K	194.37K	173.92K	199.75K	332.36K
Other Non-Cash Items	-5.09M	-116.63K	42.43K	49.12K	200.82K	44.66K	169.87K	835.97K	-197.87K	324.13K
Working Capital Changes	34.42K	88.26K	274.09K	149.07K	-432.3K	-437.47K	-67.62K	110.2K	-50.6K	-84.67K
Cash from Investing+	828.86K	-15.85M	-652.91K	-164.53K	-7.78M	-1.61M	-253.14K	-113.33K	-231.1K	-78.34K
Acquisitions (Net)	0	0	0	0	-6.29M	0	0	0	0	0
Purchase of Investments	-105.14K	-18.92M	0	0	-6.29M	0	0	0	0	0
Sale of Investments	934K	1000K	0	0	1000K	0	0	0	0	0
Other Investing	0	-15.85M	-652.91K	-164.53K	-1.44M	-1.4M	0	0	0	0
Cash from Financing+	-1.93M	17.43M	-1.98M	-2.66M	8.62M	-2.69M	-2.28M	-1.23M	-3.78M	-4.07M
Dividends Paid	-1.93M	-1.93M	-1.98M	-1.99M	-2.11M	-2.43M	-2.61M	-3.01M	-3.22M	-3.25M
Common Dividends	-1.93M	-1.93M	-1.98M	-1.99M	-2.11M	-2.43M	-2.61M	-3.01M	-3.22M	-3.25M
Debt Issuance (Net)	0	1000K	0	-190.49K	1000K	-261.08K	-1000K	-226.74K	-556.77K	-580.56K
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	0	0	0	-477.98K	0	0	-231.93K	0	0	-235.16K
Net Change in Cash+	9	2.88M	-764.18K	-544.15K	2.54M	-2.3M	1.11M	3.45M	513.54K	181.51K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	29.75K	29.76K	2.91M	2.26M	1.71M	4.25M	1.96M	3.06M	6.52M	7.03M
Cash at End	29.76K	2.91M	2.15M	1.71M	4.25M	1.96M	3.06M	6.52M	7.03M	7.21M
Free Cash Flow+	1.1M	-20.27M	1.22M	2.12M	1.65M	1.79M	3.39M	4.68M	4.29M	4.25M
FCF Growth %	-0.7%	-19.43%	1.06%	0.74%	-0.22%	0.09%	0.89%	0.38%	-0.08%	-0.01%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.61	0.71	0.87	0.96	0.26	0.24	0.49	0.34	0.41	0.34
FFO Payout Ratio	42.62%	36.41%	29.79%	27.33%	103.84%	107.2%	53.1%	81.97%	70.47%	86.59%
NOI Margin	99.35%	57.76%	57.8%	59.78%	58.73%	61%	64.06%	65.1%	62.68%	62.17%
Net Debt / EBITDA	-0.01x	3.31x	2.31x	2.19x	6.97x	6.84x	3.48x	2.13x	2.10x	2.03x
Debt / Assets	-	31.43%	32.43%	32.89%	35.16%	36.27%	26.94%	25.93%	25.27%	24.97%
Interest Coverage	1.34x	0.14x	0.77x	1.59x	1.30x	-	2.57x	4.52x	-	3.29x
Book Value / Share	5.7	7.68	7.31	7.18	5.46	4.31	4.71	4.43	4.35	4.26
Revenue Growth	49.11%	36.92%	50.17%	8.54%	6.87%	6.09%	14.27%	13.66%	2.06%	2.79%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Real Estate, Other	-	-	-	375.57K	392.58K	435.17K
Real Estate, Other Growth	-	-	-	-	4.53%	10.85%
Management Fees And Other Income	13.46K	69.81K	75.92K	83.77K	78.97K	70.56K
Management Fees And Other Income Growth	-	418.65%	8.76%	10.33%	-5.72%	-10.65%
Real Estate Other	283.57K	337.17K	381.53K	-	-	-
Real Estate Other Growth	-	18.90%	13.16%	-	-	-

Frequently Asked Questions

Valuation & Price

Global Self Storage, Inc. (SELF) has a price-to-earnings (P/E) ratio of 26.7x. This suggests investors expect higher future growth.

Growth & Financials

Global Self Storage, Inc. (SELF) reported $12.7M in revenue for fiscal year 2024. This represents a 468% increase from $2.2M in 2011.

Global Self Storage, Inc. (SELF) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, Global Self Storage, Inc. (SELF) is profitable, generating $1.8M in net income for fiscal year 2024 (16.9% net margin).

Dividend & Returns

Yes, Global Self Storage, Inc. (SELF) pays a dividend with a yield of 5.76%. This makes it attractive for income-focused investors.

Global Self Storage, Inc. (SELF) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.

Industry Metrics

Global Self Storage, Inc. (SELF) generated Funds From Operations (FFO) of $3.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Global Self Storage, Inc. (SELF) offers a 5.76% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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