Global Self Storage (SELF) Q4 2025 earnings summary

Executive summary

• Achieved record annual total revenues, same-store revenues, and net operating income for 2025, with sector-leading same-store occupancy of 93% at year-end.

• Focused on operational excellence, digital marketing, and customer service, resulting in high tenant retention and satisfaction.

• Maintained strong capital resources of $24.5 million, supporting ongoing strategic growth initiatives.

Financial highlights

• Full year 2025 total revenues increased 1.4% to $12.7 million year-over-year.

• Net income for 2025 was $2.0 million ($0.18 per diluted share), down from $2.1 million ($0.19 per diluted share) in 2024.

• FFO rose 2.7% to $4.0 million ($0.36 per diluted share); AFFO increased 3.4% to $4.4 million ($0.39 per diluted share).

• Q4 2025 revenues decreased 0.9% to $3.2 million; net income rose to $323,000 ($0.03 per diluted share) from $84,000 ($0.01 per diluted share) in Q4 2024.

• Maintained and covered quarterly dividend of $0.0725 per share, totaling $0.29 per share for the year.

Outlook and guidance

• Management anticipates gradual improvement in market fundamentals, including move-in rate stabilization and limited new supply in core markets.

• Strategic plan focuses on disciplined acquisitions, joint ventures, and expansion in select markets.