Global Self Storage(NASDAQ) SELF

Global Self Storage provides storage units for people and businesses needing extra space. Customers rent units monthly for items like furniture, files, or vehicles. The company helps solve everyday storage problems with secure, accessible locations in eight U.S. states.

Stash It, Store It: What’s on Offer?

• Self-storage unit rentals: Main business, offering month-to-month leases for individuals and businesses (over 95% of revenue).
• Climate-controlled units: Storage for sensitive items like electronics or documents, making up 33% of units.
• Outdoor vehicle storage: Spaces for cars, boats, and RVs, representing 8% of units.
• Tenant insurance: Optional insurance for stored items, a small revenue stream.
• Storage supplies sales: Boxes, locks, and packing materials sold at locations and online.
• Third-party management: Managing one property for another owner, less than 1% of revenue.

Growth Spurts and Expansion Stories

• Expanded to 13 properties across eight states by 2025, focusing on Midwest and Northeast U.S.
• Third-party management services at Edmond, Oklahoma property continued through 2025, having initially launched in 2019.
• Redeveloped Lima, Ohio property in 2026, converting student housing to climate-controlled storage.
• Invested in LED lighting upgrades since 2023 and continued to explore solar panel installations through 2025.
• No new acquisitions in 2025, but ongoing evaluation of expansion opportunities.

Why SELF Is a Bit Different

The company targets smaller cities with limited new competition, using a proprietary pricing system to adjust rates quickly. It keeps tenants longer than average, with stays of 3.5 years, and invests in energy-saving upgrades. All properties are branded under one name, supporting consistent service and customer recognition.

Five Things You Need to Know

• Total revenue was $12.7 million in 2025, up 1.4% from 2024.
• Net income was $2.0 million in 2025, down 4.0% from 2024.
• Funds from operations (FFO) rose 2.7% to $4.0 million in 2025.
• Average occupancy reached 93.0% in 2025, up from 92.9% in 2024.
• Dividend paid was $0.29 per share in 2025, unchanged from 2024.

Bottom Line

Global Self Storage has grown steadily by focusing on smaller U.S. markets and operational efficiency. Its business model relies on stable, recurring rental income and careful cost management.