Global Self Storage Reports Q3 Results with AFFO Beat and Slight Revenue Growth
Global Self Storage (SELF) reported third-quarter financial results featuring an Adjusted Funds From Operations (AFFO) of $0.10 per share, exceeding analyst expectations by $0.01. While total revenue reached $3.2 million—a marginal 0.3% increase year-over-year—the company saw a significant decline in net income, which fell 16.0% to $417,000 ($0.04 per diluted share). The company's same-store performance showed modest growth with revenues up 0.6% to $3.2 million; however, this was offset by a 2.5% increase in same-store operating costs, which rose to $1.3 million. These rising operational expenses contributed to the contraction in net income despite the top-line beat.
Tickers: $MPW
Topics: AFFO beat net income decrease revenue growth same-store metrics
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Part of the story St. Joe Reports Q3 GAAP EPS of $0.65 and Revenue of $156.2 Million (30 articles)