Global Self Storage Inc (SELF)
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Global Self Storage is a minnow among self storage landlords: 13 stores, 36 employees, a market value of roughly $58 million. And it still reports the highest occupancy in its sector — 93.1 percent as of March 31, 2026, with tenants staying an average of 3.6 years. The other side of the ledger sits in the quarterly report to the U.S. securities regulator, the SEC: funds from operations (FFO) fell 12.6 percent to $852,563, the dividend paid in the same quarter cost $820,470 — and the cash balance shrank by $48,180. On top of that, stockholders approved one million new shares for the equity incentive plan on June 16, 2026; the company itself puts the resulting potential dilution at "approximately 8.8%." If you buy the yield here, know which till it comes out of.
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Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralDokumentierter Negativ-Befund: In den sechs ausgewerteten Filings (zwei 10-K, vier 10-Q) kommt Künstliche Intelligenz ausschließlich als Boilerplate-Risikofaktor im Geschäftsbericht 2025 vor („failure to adopt advancements in information technology, such as artificial intelligence“) — kein KI-Produkt, keine KI-Umsatzquelle und kein konkreter KI-Bezug zum eigenen Geschäftsmodell des Selfstorage-REIT; die im 10-K beschriebene eigene Technik ist ein Mietpreis-Steuerungsprogramm mit Internet-Datenauslesung der Wettbewerberpreise, ausdrücklich nicht als KI oder maschinelles Lernen beschrieben. Die vier Quartalsberichte enthalten keinen einzigen KI-Treffer.
View the full file — quotes, sources, reviewed filings
„Our use of or failure to adopt advancements in information technology, such as artificial intelligence, may hinder or prevent us from achieving strategic objectives or otherwise harm our business."
Unsere Nutzung von Fortschritten der Informationstechnologie wie Künstlicher Intelligenz — oder unser Versäumnis, sie zu übernehmen — kann uns daran hindern, strategische Ziele zu erreichen, oder unserem Geschäft auf andere Weise schaden.
„In seeking to maximize the performance of our stores, we employ our proprietary revenue rate management program which help us to analyze, adjust, and set our move-in and existing tenant rental rates on a real-time basis across our portfolio. Among other technologies, we employ internet data scraping of our local competitors’ move-in rental rates to help enable us to proactively respond and take advantage of changing market conditions across our store portfolio."
Um die Leistung unserer Standorte zu maximieren, setzen wir unser eigenes Programm zur Mietpreissteuerung ein, das uns hilft, unsere Einzugs- und Bestandsmieten portfolioweit in Echtzeit zu analysieren, anzupassen und festzulegen. Unter anderen Technologien nutzen wir das Auslesen von Internetdaten zu den Einzugsmieten unserer lokalen Wettbewerber, um proaktiv auf sich ändernde Marktbedingungen in unserem Standortportfolio reagieren und sie nutzen zu können.
Filings Reviewed: 10-K 2026-03-25 · 10-Q 2026-05-08 · 10-Q 2025-11-07 · 10-Q 2025-08-08 · 10-Q 2025-05-09 · 10-K 2025-03-26
Rated on July 30, 2026 · How the Rating Is Built
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.01 | -92.30 | 3 | 7.10 | 2.60 | 1 | 1 |
| 2025: Q1 | 0.05 | 108.60 | 3 | 3.00 | 17.80 | 1 | 1 |
| 2025: Q2 | 0.06 | 12.20 | 3 | 2.70 | 20.80 | 1 | 1 |
| 2025: Q3 | 0.04 | -58.00 | 3 | 0.80 | 15.40 | 1 | 1 |
| 2025: Q4 | 0.03 | 284.50 | 3 | -0.90 | 10.20 | 1 | 1 |
| 2026: Q1 | 0.04 | -14.10 | 3 | 1.50 | 15.00 | 1 | 1 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
The twelve same-store properties were 93.1 percent occupied as of March 31, 2026 (92.1 percent in the prior-year quarter) and the average tenant duration of stay reached a record of roughly 3.6 years. In its May 8, 2026 earnings release the company calls this the highest occupancy and occupancy growth in the sector — under month-to-month leases that make every rate increase effective immediately.
As of March 31, 2026, total assets of $63,703,755 carried only $17,408,885 of liabilities, with equity of $46,294,870. The main loan, originally $20 million, is fixed at 4.192 percent until July 1, 2036, 2025 operating income covered interest expense 3.5 times over, and the $15 million credit facility was undrawn as of December 31, 2025.
In the first quarter of 2026 the $820,470 of dividends paid consumed roughly 96 percent of the $852,563 of FFO (prior-year quarter: 84 percent). After maintenance capital spending and amortization the cash balance fell by $48,180, having risen $59,997 a year earlier. The 2025 annual report itself calls capital resources derived from retained cash flow "negligible."
In the first quarter of 2026 same-store revenue rose 1.5 percent to $3,155,135 while the stores' cost of operations climbed 10.0 percent to $1,330,343. Net operating income fell 3.9 percent to $1,824,792 and operating income dropped 21.0 percent to $571,776. Property tax reassessments are hard to pass on under month-to-month leases — the annual report states expressly that tax increases generally are not passed through to tenants.
No store was acquired in 2025 even though roughly $24.5 million of capital resources stands ready (March 31, 2026), including an undrawn $15 million credit facility and a $15 million share offering program that went unused in 2025. The third-party management platform has had exactly one client since its first contract on October 23, 2019; management fees and other income came to $18,619 in the first quarter of 2026.
Stockholders approved one million new shares for the pay plan on June 16, 2026 (S-8 registration June 29, 2026); potential dilution rises from 3.34 to roughly 8.8 percent per the proxy statement, and 1,298,704 shares were voted against. At the same time, $3,152,802 of 2025 personnel costs — 24.8 percent of revenue — flowed through Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated, whose voting stock is held by the Winmill Family Trust.
Global Self Storage runs its 13 storage properties about as well as anyone in the sector: 93.1 percent occupancy and a record average tenant stay of roughly 3.6 years as of March 31, 2026, on top of a lean balance sheet with debt fixed at 4.192 percent until 2036. The price of that quiet sits in the quarterly report: cash flow (FFO) fell 12.6 percent to $852,563, the dividend paid cost $820,470 — 96 percent — the cash balance dropped by $48,180, nothing was bought in 2025, and in June 2026 stockholders released one million new shares for compensation, lifting potential dilution to roughly 8.8 percent by the company's own calculation. Buying here means buying a very quiet business and a payout with four percent of room. Not investment advice.
- Global Self Storage reached the research list through our in-house Reddit hype scanner (Reddit mentions, as of July 30, 2026). The live cross-check the same day showed that SELF appears in none of our scanner result lists — those lists are recalculated daily, so the finding holds for that date.
- The market value of roughly $58.1 million (data as of July 30, 2026) was checked against the filings: 11,421,732 shares outstanding (quarterly report cover page, May 7, 2026) times the $5.10 closing price of December 31, 2025 (from the proxy statement) equals $58.25 million — a 0.2 percent deviation. All valuation multiples rest on that basis; the analysis is evergreen and daily prices are not a reason to buy.
- Not to be confused: Global Self Storage was a closed-end investment fund until January 2016; the names Bull & Bear Global Income Fund, Global Income Fund and Self Storage Group belong to the prehistory of the same entity. The Form 25 filed with the SEC in 2008 relates solely to that old fund structure: on March 27, 2008 the then Global Income Fund, Inc. gave notice of the voluntary withdrawal of its shares from listing on the American Stock Exchange, while remaining registered as an investment company. It has nothing to do with today's listing — the stock has been listed on Nasdaq since January 19, 2016.
About the Company
Global Self Storage, Inc. ist ein selbstverwalteter REIT, der Self-Storage-Anlagen besitzt, betreibt, verwaltet, erwirbt und neu entwickelt.
| Employees | 36 |
|---|---|
| Headquarters | Millbrook, NY |
| Website | globalselfstorage.us |
| IPO Date | 24. Jun 2008 |
| Next Earnings | 14. Aug 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Mark Campbell Winmill | Executive Chairman, President & CEO | 1957 |
| Thomas Francis O'Malley CPA | CFO, Chief Accounting Officer, Treasurer & Senior VP | 1958 |
| Donald Klimoski II, Esq. | General Counsel, Secretary, Chief Compliance Officer & Senior VP of Operations | 1980 |
| Gretchen Nau | Marketing Director | – |
| Russell Louis Kamerman Esq. | Vice President, Assistant General Counsel, Assistant Secretary & Assistant Chief Compliance Officer | 1982 |
| Angelito Sarabia | Controller | 1963 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 29, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.