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MILLBROOK, NY - Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) specializing in self-storage facilities, has announced a cash dividend for the first quarter of 2025. Stockholders of record as of Friday will receive a dividend of $0.0725 per common share, payable on March 31, 2025. The company currently offers an attractive dividend yield of 5.55% at its current share price of $5.19, according to InvestingPro data.
The company’s strategic business plan includes funding acquisitions and expansion projects, with a focus on increasing stockholder value over time. The board of directors regularly evaluates this strategy, considering factors such as capital formation, debt-equity balance, dividend policy, and financial performance indicators like Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO). InvestingPro analysis shows the company maintains strong financial health with a "GREAT" overall score and operates with a healthy current ratio of 4.25, indicating robust liquidity. Two key InvestingPro Tips highlight that the company has liquid assets exceeding short-term obligations and maintains profitability over the last twelve months (unlock more insights with an InvestingPro subscription).
Global Self Storage’s management believes that the company’s operational performance and capital resources will support the ongoing execution of its strategic plan. With a gross profit margin of 61.6% and revenue of $12.32M in the last twelve months, the REIT operates a portfolio of self-storage properties across several states, providing accessible and secure storage solutions for both residential and commercial customers.
This dividend declaration follows the company’s established policy and reflects its commitment to delivering shareholder returns. The information is based on a press release statement from Global Self Storage.
Investors are reminded that forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ from those projected. These statements are based on current expectations and assumptions and are not guarantees of future performance. Global Self Storage disclaims any obligation to update forward-looking statements in light of new information or future events.
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