Global Self Storage Announces First Quarter Cash Dividend, Targets Strategic Expansion

MILLBROOK, NY, March 1, 2024 - Global Self Storage, Inc. (NASDAQ: SELF), a key player in the self-storage sector, has declared a significant first quarter cash dividend of $0.0725 per share, payable on March 28, 2024, to shareholders of record as of March 15, 2024. This move underscores the company's commitment to delivering shareholder value while pursuing strategic growth initiatives.

Strategic Business Plan in Focus

Global Self Storage is firmly on the path to growth, with a clear strategic business plan that includes funding acquisitions and expanding existing properties. The company's board regularly evaluates this plan, considering vital metrics such as capital formation, debt versus equity ratios, and dividend policy. This rigorous approach ensures that Global Self Storage remains well-positioned to execute its growth strategies effectively.

Operational Performance and Market Position

The company's operational prowess, combined with its strategic use of capital resources, plays a pivotal role in its ongoing success. Global Self Storage owns and manages 13 self-storage properties across several states, offering affordable, secure storage solutions for both residential and commercial customers. This expansive footprint, coupled with the company's solid financial performance, positions it as a strong contender in the self-storage industry.

Forward-Looking Statements and Future Outlook

While Global Self Storage's forward-looking statements highlight its confidence in future growth and performance, they also acknowledge the risks and uncertainties inherent in the market. The company's commitment to transparency and strategic planning suggests a cautious yet optimistic outlook for its future. As Global Self Storage continues to navigate the dynamic self-storage market, it remains focused on creating long-term value for its shareholders.

As we look ahead, Global Self Storage's strategic initiatives and operational excellence set the stage for potential growth and market expansion. With a robust plan in place and a commitment to shareholder value, the future looks promising for this REIT. The company's ability to adapt to market changes while executing its growth strategy may well define its trajectory in the competitive self-storage industry.