Global Self Storage, Inc. (SELF) News http://ir.globalselfstorage.us/rss The latest news released by Global Self Storage, Inc. (SELF) en-us Equisolve Investor Relations Suite Global Self Storage Reports First Quarter 2017 Results http://ir.globalselfstorage.us/news/detail/61/global-self-storage-reports-first-quarter-2017-results Mon, 15 May 2017 16:05:00 -0400 http://ir.globalselfstorage.us/news/detail/61/global-self-storage-reports-first-quarter-2017-results

NEW YORK, May 15, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, reported results for the first quarter of 2017.

Q1 2017 vs. Q1 2016* Highlights

  • Same-store revenues increased 9.9% to $1.26 million.
  • Same-store NOI increased 17.8% to $762,000.
  • Combined store (same-store and non same-store) revenues increased 53.0% to $1.75 million.
  • Combined store net operating income (“NOI”) increased 64.4% to $1.06 million.
  • Combined leasable square footage at quarter end increased 55.5% to 755,000.
  • Funds From Operations (“FFO”) and Funds From Operations, as Adjusted (“AFFO”) totaled $0.06 and $0.06 per common share, respectively for the quarter ended March 31, 2017.
  • Maintained quarterly dividend of $0.065 per common share.

Management Commentary

“Building off the strong performance we generated in 2016, Q1 marked another solid quarter for us,” said president and chief executive officer of Global Self Storage, Mark C. Winmill. “Same-store revenues and NOI experienced double-digit year-over-year growth, while our FFO and AFFO came in higher than anticipated.”

“We believe these results reaffirm our strategy of focusing on secondary and tertiary cities in target markets that aren’t as impacted by new development activity as compared to primary markets and urban centers. This geographic focus has not only shaped our strategy from the beginning, but has also set us apart from our competitors, enabling us to capitalize on undermanaged, but well-located and attractive self storage facilities often with expansion potential."

“Going forward, we will continue to focus on the initiatives that have led to our success, such as leveraging our internet and digital marketing capabilities, driving stronger referral and word-of-mouth demand, and attracting high-quality tenants through our unique emphasis on tenant creditworthiness. At the same time, we will be opportunistically searching for ways to supplement this organic growth through strategic acquisition opportunities, where our professional management can improve revenue rate management, increase occupancy rates, and expand leasable square footage. We remain confident that this two-pronged executional approach will position us for continued growth and profitability.”

Same-Store Results for the First Quarter of 2017

The company's same-store portfolio for the first quarter of 2017 included seven of its eleven stores, representing 72% of store NOI for the quarter.

For the first quarter of 2017, same-store revenues increased 9.9% to $1.26 million compared with $1.14 million for the first quarter in 2016. The increase was driven primarily by an 11.0% increase in net leased square footage.

Same-store operating expenses in the first quarter of 2017 totaled $495,000 compared with $497,000 in the first quarter of 2016. The decrease was primarily driven by lower marketing and administrative expenses, which were partially offset by increases in store level employment costs, utilities, and repair and maintenance expenses.

For the first quarter of 2017, same-store NOI increased 17.8% to $762,000 compared with $646,000 for the first quarter of 2016. The increase was attributable to, among other things, the increase in same-store revenues which was offset by a decrease in same-store operating expenses. 

Same-store occupancy at March 31, 2017 increased 1.2% to 89.3% from 88.1% at March 31, 2016. This includes the impact from the Bolingbrook expansion project completed in November 2016. Excluding the additional vacancy created in this store, ending occupancy would have been 93.1% at March 31, 2017.

Combined Same-Store and Non Same-Store Results for the First Quarter of 2017

For the first quarter of 2017, combined store revenues increased 53.0% to $1.75 million compared with $1.14 million for the first quarter of 2016. The increase was driven by, among other things, a 58.9% increase in net leased square footage at the period end when compared to one year ago, as well as the results of the company’s revenue rate management program.

Combined store operating expenses in the first quarter of 2017 totaled $686,000 compared with $497,000 in the first quarter of 2016. The increase was driven primarily by higher marketing expenses, repair and maintenance expenses, employee health plan expenses, and property taxes, which were partially offset by decreases in professional, administrative, and lien administration costs.

For the first quarter of 2017, combined store NOI increased 64.4% to $1.06 million compared with $646,000 for the first quarter of 2016. The increase was a result of, among other things, the increase in combined revenues which was partially offset by an increase in combined operating expenses.

Company Operating Results for the First Quarter of 2017

General and administrative expenses totaled $411,000 during the first quarter of 2017 compared with $351,000 during the prior quarter and $311,000 during the first quarter of 2016. The year-over-year increase was primarily driven by higher legal, accounting, compliance, consulting, and Nasdaq listing fees.

Business development and property acquisition costs for the first quarter of 2017 totaled $6,000 compared with $0 for the first quarter of 2016.

Interest expense for the first quarter of 2017 was $220,000 compared with $0 for the first quarter of 2016 resulting from the company’s property-secured $20 million loan in June 2016.

FFO totaled approximately $435,000, or $0.06 per common share, while AFFO totaled approximately $441,000, or $0.06 per common share, for the first quarter of 2017.

Net loss totaled approximately $14,000, or $0.00 per common share, in the first quarter of 2017.

FFO and AFFO

         
    Three    For the Period
     Months    January 19, 2016
    Ended   through
    March 31, 2017   March 31, 2016
Net income (loss)   $    (14,266 )   $    49,121
Eliminate items excluded from FFO:        
Depreciation and amortization       449,234         169,967
FFO attributable to common stockholders       434,968         219,088
Adjustments:        
Business development and property acquisition costs       5,832        — 
AFFO   $    440,800     $    219,088
         
FFO and FFO as adjusted per weighted average shares outstanding        
Net income   $   (0.00 )   $   0.01
Eliminate items excluded from FFO:        
Depreciation and amortization       0.06         0.02
FFO per share attributable to common stockholders       0.06         0.03
Adjustments:        
Business development and property acquisition costs       0.00        — 
AFFO per share attributable to common stockholders   $    0.06     $    0.03
         

Dividends

On March 1, 2017, the company declared a quarterly dividend of $0.065 per common share, consistent with the quarterly dividend from a year ago and last quarter.

Balance Sheet

At March 31, 2017, cash, cash equivalents, and marketable securities totaled $4.3 million compared with $7.9 million at March 31, 2016.

For more information on the company’s quarterly results, including financial tables, please refer to the company’s Quarterly Report on Form 10-Q for the first quarter of 2017 filed with the Securities and Exchange Commission today.

* For comparability purposes, the combined store and same-store information for the period from January 1, 2016 to January 18, 2016 (when the company was an investment company) and for the period from January 19, 2016 through March 31, 2016 (following the company’s change to an operating company) are presented combined for the first quarter of 2016 throughout this press release. Management believes this presentation is more meaningful to readers as there was no significant change in revenue streams and other financial metrics or non-financial statistical information as a result of our change in status from an investment company to an operating company. The comparative presentation above of “Company Operating Results for the First Quarter of 2017” and “FFO and AFFO” is for the period from January 19, 2016 to March 31, 2016 versus the three months ended March 31, 2017.

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Non-GAAP Financial Measures 

This press release contains certain non-GAAP financial measures. FFO and FFO per share are non-GAAP measures defined by the National Association of Real Estate Investment Trusts (“NAREIT”) and are considered helpful measures of REIT performance by REITs and many REIT analysts. NAREIT defines FFO as a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation and amortization. FFO and FFO per share are not a substitute for net income or earnings per share. FFO is not a substitute for GAAP net cash flow in evaluating our liquidity or ability to pay dividends, because it excludes financing activities presented on our statements of cash flows. In addition, other REITs may compute these measures differently, so comparisons among REITs may not be helpful. However, the company believes that to further understand the performance of its stores, FFO should be considered along with the net income and cash flows reported in accordance with GAAP and as presented in the company’s financial statements.

AFFO represents FFO excluding the effects of business development and acquisition related costs and non-recurring items, which we believe are not indicative of the company’s operating results. We present AFFO because we believe it is a helpful measure in understanding our results of operations insofar as we believe that the items noted above that are included in FFO, but excluded from AFFO, are not indicative of our ongoing operating results. We also believe that the analyst community considers our AFFO (or similar measures using different terminology) when evaluating us. Because other REITs or real estate companies may not compute AFFO in the same manner as we do, and may use different terminology, our computation of AFFO may not be comparable to AFFO reported by other REITs or real estate companies.

We believe net operating income or “NOI” is a meaningful measure of operating performance because we utilize NOI in making decisions with respect to, among other things, capital allocations, determining current store values, evaluating store performance, and in comparing period-to-period and market-to-market store operating results. In addition, we believe the investment community utilizes NOI in determining operating performance and real estate values, and does not consider depreciation expense because it is based upon historical cost. NOI is defined as net store earnings before general and administrative expenses, interest, taxes, depreciation, and amortization.

NOI is not a substitute for net income, net operating cash flow, or other related GAAP financial measures, in evaluating our operating results.

Same-Store Self Storage Operations Definition

We consider our same-store portfolio to consist of only those stores owned and operated on a stabilized basis at the beginning and at the end of the applicable periods presented. We consider a store to be stabilized once it has achieved an occupancy rate that we believe, based on our assessment of market-specific data, is representative of similar self-storage assets in the applicable market for a full year measured as of the most recent January 1 and has not been significantly damaged by natural disaster or undergone significant renovation. Same-store occupancy includes the impact from expansion projects at those stores. We believe that same-store results are useful to investors in evaluating our performance because they provide information relating to changes in store-level operating performance without taking into account the effects of acquisitions, dispositions or new ground-up developments. At March 31, 2017, we owned 7 same-store facilities and 4 non same-store facilities. The company believes that by providing same-store results from a stabilized pool of stores, with accompanying operating metrics including, but not limited to variances in occupancy, rental revenue, operating expenses, NOI, etc., stockholders and potential investors are able to evaluate operating performance without the effects of non-stabilized occupancy levels, rent levels, expense levels, acquisitions or completed developments. Same-store results should not be used as a basis for future same-store performance or for the performance of the company's stores as a whole.

Cautionary Note Regarding Forward Looking Statements

Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. The amount, nature, and/or frequency of dividends paid by the company may be changed at any time without notice.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorage.us
1-212-785-0900, ext. 201

Liolios Investor Relations
Scott Liolios or Najim Mostamand
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage Reports Fourth Quarter and Full Year 2016 Results http://ir.globalselfstorage.us/news/detail/60/global-self-storage-reports-fourth-quarter-and-full-year-2016-results Fri, 31 Mar 2017 16:30:00 -0400 http://ir.globalselfstorage.us/news/detail/60/global-self-storage-reports-fourth-quarter-and-full-year-2016-results

NEW YORK, March 31, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, reported results for the quarter and full year ended December 31, 2016.

Q4 2016 vs. Q4 2015 Highlights

  • Combined store (same-store and non same-store) revenues increased 40.1% to $1.56 million.
  • Combined store net operating income (“NOI”) increased 36.2% to $904,000.
  • Combined leasable square footage at quarter end increased 55.3% to 754,000.
  • Same-store revenues increased 10.7% to $1.23 million.
  • Same-store NOI increased 9.9% to $729,000.
  • Funds From Operations (“FFO”) and Funds From Operations as Adjusted (“AFFO”) totaled $0.04 and $0.05 per common share, respectively for the quarter ended December 31, 2016.
  • Maintained quarterly dividend of $0.065 per common share.
  • Completed the acquisition of stores in Clinton, Connecticut and Millbrook, New York for $6.9 million plus, upon the satisfaction of certain conditions, an additional $900,000.
  • Completed the expansion project at the Bolingbrook, Illinois store.

Full Year Ended December 31, 2016 vs. Full Year Ended December 31, 2015 Highlights

  • Combined store revenues increased 18.2% to $5.25 million.
  • Combined store NOI increased 16.8% to $3.09 million.
  • Same-store revenues increased 8.4% to $4.81 million.
  • Same-store NOI increased 7.8% to $2.85 million.
  • FFO and AFFO totaled $0.10 and $0.16 per common share, respectively for the year ended December 31, 2016.  
  • Distributed dividends of $0.26 per common share, consistent with the full year of 2015.

Management Commentary

“The year of 2016 was highlighted by the accretive acquisition of four stores and the completion of a large expansion at one of our stores,” said president and chief executive officer of Global Self Storage, Mark C. Winmill. “We now own and operate eleven stores in our portfolio totaling over 754,000 leasable square feet and 5,600 storage units. We are confident that our professional management and best practices can improve operations and expand profitability at all of our stores over time.”

“Our store revenue and net operating income growth reflects the execution of our business strategy which focuses on providing a best-in-class customer experience while striving to attract high quality tenants.  On the acquisition front, opportunities remain in secondary and tertiary cities in our target markets where we believe new development activity will be muted compared to the primary markets and urban centers.”

“Altogether we are pleased with our progress and believe we are well positioned within the market for future growth and opportunities.”

Combined Same-Store and Non Same-Store Results for the Three Months Ended December 31, 2016

For the three months ended December 31, 2016, combined store revenues increased 40.1% to $1.56 million compared with $1.11 million for the same period in 2015. The increase was driven by, among other things, a 52.1% increase in net leased square footage at the period end when compared to one year ago, as well as the results of the company’s revenue rate management program.

Combined store operating expenses in the fourth quarter of 2016 totaled $652,000 compared with $447,000 in the fourth quarter of 2015. The increase was driven primarily by higher marketing expenses, repair and maintenance expenses, on-site property manager payroll expenses, and property taxes, which were partially offset by decreases in professional, administrative, and lien administration costs.

For the fourth quarter of 2016, combined store NOI increased 36.2% to $904,000 compared with $664,000 for the same year ago period. The increase was a result of, among other things, the increase in combined revenues which was offset by an increase in combined operating expenses.

Same-Store Results for the Three Months Ended December 31, 2016

The company's same-store portfolio for the three-month period ended December 31, 2016 included seven of its eleven stores, representing 81% of store NOI for the quarter.

For the three months ended December 31, 2016, same-store revenues increased 10.7% to $1.23 million compared with $1.11 million for the same period in 2015. The increase was driven by, among other things, a 4.9% increase in total annualized revenue per leased square foot and a 5.4% increase in net leased square footage.

Same-store operating expenses in the fourth quarter of 2016 totaled $501,000 compared with $447,000 in the fourth quarter of 2015. The increase was primarily driven by higher marketing expenses, repair and maintenance expenses, on-site property manager payroll expenses, and property taxes, which were partially offset by decreases in professional, administrative, and lien administration costs.

For the fourth quarter of 2016, same-store NOI increased 9.9% to $729,000 compared with $664,000 for the same year ago period. The increase was attributable to, among other things, the increase in same-store revenues which was offset by an increase in same-store operating expenses. 

Same-store occupancy at December 31, 2016 decreased 3.4% to 84.9% from 87.9% at December 31, 2015. The decrease was primarily due to the vacancy added by the addition of the 44,260 leasable square feet expansion at the company’s Bolingbrook store in 2016.

Company Operating Results for the Three Months Ended December 31, 2016

General and administrative expenses totaled $351,000 during the three months ended December 31, 2016 compared with $394,000 during the prior quarter and $310,000 during the three months ended December 31, 2015. The year-over-year increase was primarily driven by higher legal, accounting, compliance, consulting, and Nasdaq listing fees.

Business development and property acquisition costs for the fourth quarter of 2016 totaled $52,000 compared with $0 for the same year ago period.

Interest expense for the three months ending December 31, 2016 was $220,000 compared with $0 for the same year ago period resulting from the company’s property-secured $20 million loan in June 2016.

FFO totaled approximately $320,000, or $0.04 per common share, while AFFO totaled approximately $372,000, or $0.05 per common share, for the fourth quarter of 2016.

Net income totaled approximately $565,000, or $0.08 per common share, in the fourth quarter of 2016.

Combined Same-Store and Non Same-Store Results for the Full Year Ended December 31, 2016

For the full year ended December 31, 2016, combined store revenues increased 18.2% to $5.25 million compared with $4.44 million for the full year ended December 31, 2015. The increase was driven by, among other things, a 52.1% increase in net leased square footage at the period end when compared to one year ago, as well as the results of the company’s revenue rate management program.

Combined store operating expenses in the full year of 2016 totaled $2.16 million compared with $1.79 million in the full year of 2015. The increase was primarily driven by higher marketing expenses, repair and maintenance expenses, on-site property manager payroll expenses, and property taxes, which were partially offset by decreases in professional, administrative, and lien administration costs.

For the full year of 2016, combined store NOI increased 16.8% to $3.09 million compared with $2.65 million for the same year ago period. The increase was a result of, among other things, the increase in combined revenues offset by an increase in combined operating expenses.

Same-Store Results for the Full Year Ended December 31, 2016

The company's same-store portfolio for the full year ended December 31, 2016 included seven of its eleven stores, representing 92% of store NOI for the period.

For the full year ended December 31, 2016, same-store revenues increased 8.4% to $4.81 million compared with $4.44 million for the same period in 2015. The increase was driven by, among other things, a 4.5% increase in total annualized revenue per leased square foot and a 5.4% increase in net leased square footage.

Same-store operating expenses in the full year of 2016 totaled $1.96 million compared with $1.79 million for the same period in 2015. The increase was primarily driven by higher marketing expenses, repair and maintenance expenses, on-site property manager payroll expenses, and property taxes, which were partially offset by decreases in professional, administrative, and lien administration costs.

For the full year of 2016, same-store net operating income increased 7.8% to $2.85 million compared with $2.65 million for the same year ago period. The increase was attributable to, among other things, the increase in same-store revenues which was offset by an increase in same-store operating expenses. 

Same-store occupancy at December 31, 2016 decreased 3.5% to 84.9% from 87.9% at December 31, 2015. The decrease was primarily due to the vacancy added by the addition of the 44,260 leasable square feet expansion at the company’s Bolingbrook store in 2016.

Company Operating Results for the Full Year December 31, 2016

General and administrative expenses totaled $1.41 million for the full year ended December 31, 2016 compared with $1.19 million for the full year ended December 31, 2015. The increase was primarily driven by higher legal, accounting, compliance, consulting, and Nasdaq listing fees.

Business development and property acquisition costs for the full year of 2016 totaled $450,000 compared with $0 for the same year ago period.

Interest expense for the full year ending December 31, 2016 was $457,000 compared with $0 for the same year ago period resulting from the company’s property-secured $20 million loan in June 2016.

FFO totaled approximately $734,000, or $0.10 per common share, in the full year ending December 31, 2016, while AFFO totaled approximately $1,183,000, or $0.16 per common share, in the full year ending December 31, 2016.

Net income totaled $384,000 or $0.05 per common share, in the full year ending December 31, 2016.

Dividends

On December 1, 2016, the company declared a quarterly dividend of $0.065 per common share, consistent with the quarterly dividend from a year ago and last quarter.

For the full year ended December 31, 2016, the company paid dividends totaling $0.26 per common share, consistent with the full year ended December 31, 2015.

Balance Sheet

At December 31, 2016, cash, cash equivalents, and marketable securities totaled $4.4 million compared with $7.8 million at December 31, 2015.

For more information on the company’s quarterly results, including financial tables, please refer to the company’s Form 10-K filed today.

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Non-GAAP Measures

FFO and FFO per share are non-GAAP measures defined by the National Association of Real Estate Investment Trusts (“NAREIT”) and are considered helpful measures of REIT performance by REITs and many REIT analysts. NAREIT defines FFO as a REIT’s net income, excluding gains or losses from sales of property, and adding back real estate depreciation and amortization. FFO and FFO per share are not a substitute for net income or earnings per share. FFO is not a substitute for GAAP net cash flow in evaluating our liquidity or ability to pay dividends, because it excludes financing activities presented on our statements of cash flows. In addition, other REITs may compute these measures differently, so comparisons among REITs may not be helpful. However, the company believes that to further understand the performance of its stores, FFO should be considered along with the net income and cash flows reported in accordance with GAAP and as presented in the company’s financial statements.

AFFO represents FFO excluding the effects of business development and acquisition related costs and non-recurring items, which we believe are not indicative of the company’s operating results. We present AFFO because we believe it is a helpful measure in understanding our results of operations insofar as we believe that the items noted above that are included in FFO, but excluded from AFFO, are not indicative of our ongoing operating results. We also believe that the analyst community considers our AFFO (or similar measures using different terminology) when evaluating us.  Because other REITs or real estate companies may not compute AFFO in the same manner as we do, and may use different terminology, our computation of AFFO may not be comparable to AFFO reported by other REITs or real estate companies.

We believe net operating income or “NOI” is a meaningful measure of operating performance because we utilize NOI in making decisions with respect to, among other things, capital allocations, determining current store values, evaluating store performance, and in comparing period-to-period and market-to-market store operating results. In addition, we believe the investment community utilizes NOI in determining operating performance and real estate values, and does not consider depreciation expense because it is based upon historical cost. NOI is defined as net store earnings before general and administrative expenses, interest, taxes, depreciation, and amortization.

NOI is not a substitute for net income, net operating cash flow, or other related GAAP financial measures, in evaluating our operating results.

Same-Store Self Storage Operations Definition

We consider our same-store portfolio to consist of only those stores owned and operated on a stabilized basis at the beginning and at the end of the applicable periods presented. We consider a store to be stabilized once it has achieved an occupancy rate that we believe, based on our assessment of market-specific data, is representative of similar self-storage assets in the applicable market for a full year measured as of the most recent January 1 and has not been significantly damaged by natural disaster or undergone significant renovation. Same-store occupancy includes the impact from expansion projects at those stores. We believe that same-store results are useful to investors in evaluating our performance because they provide information relating to changes in store-level operating performance without taking into account the effects of acquisitions, dispositions or new ground-up developments. At December 31, 2016, we owned 7 same-store facilities and 4 non-same-store facilities. The company believes that by providing same-store results from a stabilized pool of stores, with accompanying operating metrics including, but not limited to variances in occupancy, rental revenue, operating expenses, NOI, etc., stockholders and potential investors are able to evaluate operating performance without the effects of non-stabilized occupancy levels, rent levels, expense levels, acquisitions or completed developments.  Same-store results should not be used as a basis for future same-store performance or for the performance of the company's stores as a whole.

Cautionary Note Regarding Forward Looking Statements

Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. The amount, nature, and/or frequency of dividends paid by the company may be changed at any time without notice.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorage.us
1-212-785-0900, ext. 201

Liolios Investor Relations
Scott Liolios or Najim Mostamand
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage to Present at The MicroCap Conference in New York City on April 4, 2017 http://ir.globalselfstorage.us/news/detail/59/global-self-storage-to-present-at-the-microcap-conference-in-new-york-city-on-april-4-2017 Thu, 23 Mar 2017 08:30:00 -0400 http://ir.globalselfstorage.us/news/detail/59/global-self-storage-to-present-at-the-microcap-conference-in-new-york-city-on-april-4-2017

NEW YORK, March 23, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been invited to present at the The MicroCap Conference being held on Tuesday, April 4, 2017 at the Essex House in New York City.

Mark C. Winmill, Global Self Storage’s president and chief executive officer, will present at 12:30 p.m. Eastern time, with one-on-one meetings held throughout the day.

For additional information or to schedule a one-on-one meeting with Global Self Storage management, please visit The MicroCap Conference website at www.microcapconf.com or contact a conference representative.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. 

Certain information contained herein has been supplied by third parties. While the company believes such sources are reliable, the company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

 

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorageinc.com
1-212-785-0900, ext. 201

Liolios Investor Relations
Scott Liolios
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage to Present at the 29th Annual ROTH Conference on March 15, 2017 http://ir.globalselfstorage.us/news/detail/58/global-self-storage-to-present-at-the-29th-annual-roth-conference-on-march-15-2017 Mon, 06 Mar 2017 08:30:00 -0500 http://ir.globalselfstorage.us/news/detail/58/global-self-storage-to-present-at-the-29th-annual-roth-conference-on-march-15-2017

NEW YORK, March 06, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been invited to present at the 29th Annual ROTH investor conference being held March 12-15 at the Ritz Carlton in Dana Point, California.

Mark C. Winmill, Global Self Storage’s president and chief executive officer, will present on Wednesday, March 15 at 7:30 a.m. Pacific time, with one-on-one meetings held throughout the day.

The event is expected to host over 500 small and micro-cap growth companies and approximately 3,000 attendees.

For additional information or to schedule a one-on-one meeting with Global Self Storage management, contact your ROTH representative at (800) 933-6830 or via e-mail at oneononerequests@roth.com. The conference is by invitation only.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.  

Certain information contained herein has been supplied by third parties. While the company believes such sources are reliable, the company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

Contacts:

Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorageinc.com
1-212-785-0900, ext. 201

Liolios Investor Relations
Scott Liolios
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage Announces First Quarter 2017 Dividend http://ir.globalselfstorage.us/news/detail/57/global-self-storage-announces-first-quarter-2017-dividend Wed, 01 Mar 2017 08:30:00 -0500 http://ir.globalselfstorage.us/news/detail/57/global-self-storage-announces-first-quarter-2017-dividend

NEW YORK, March 01, 2017 (GLOBE NEWSWIRE) -- The board of directors of Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has declared a cash dividend of $0.065 per common share for the first quarter of 2017. The dividend is payable on March 31, 2017 to stockholders of record as of March 15, 2017.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates,” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. The amount, nature, and/or frequency of dividends paid by the company may be changed at any time without notice.

Contacts:
Global Self Storage, Inc.
Thomas O’Malley
Chief Financial Officer
tomalley@globalselfstorageinc.com
1-212-785-0900, ext. 267

Liolios Investor Relations
Scott Liolios
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage Completes Acquisition of Tuxis Self Storage Facilities in Clinton, Connecticut and Millbrook, New York http://ir.globalselfstorage.us/news/detail/56/global-self-storage-completes-acquisition-of-tuxis-self-storage-facilities-in-clinton-connecticut-and-millbrook-new-york Tue, 03 Jan 2017 16:15:00 -0500 http://ir.globalselfstorage.us/news/detail/56/global-self-storage-completes-acquisition-of-tuxis-self-storage-facilities-in-clinton-connecticut-and-millbrook-new-york

NEW YORK, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has completed the acquisition of two self storage facilities and a commercial property from Tuxis Corporation (OTC PINK:TUXS) for $6.9 million, which includes $5.925 million in cash and approximately $975,000 of Global Self Storage common stock. Tuxis is a self storage and real estate development company as well as a Global Self Storage affiliate.

The acquired properties, which opened under Global Self Storage management on January, 3, 2017, include a 185 unit, 31,000 square foot mixed traditional indoor, outdoor, and climate-controlled self storage facility located in Clinton, Connecticut, a 142 unit, 15,000 square foot all climate-controlled self storage facility located in Millbrook, New York, and an adjoining 1,875 square foot Millbrook commercial property.

Permits to re-develop and expand the Millbrook facility have been submitted to the local planning and zoning boards. Upon re-development and expansion approval and satisfaction of other conditions, including construction groundbreaking, the company is expected to make an additional $900,000 cash payment to Tuxis.

“The addition of these stores is expected to have an immediate accretive impact on our property revenues, net operating income and funds from operations,” said president and chief executive officer of Global Self Storage Mark C. Winmill. “The expansion opportunity at the Millbrook property has the potential to further increase the store’s revenues and net operating income.”

“The acquisition of these two stores marks our third and fourth in the past five months, and brings the total number of stores in our portfolio to 11. We continue to evaluate our existing stores for expansion potential and pursue acquisition opportunities in secondary and tertiary cities where we believe new development activity may be less concentrated compared to primary markets and urban centers.”

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eleven self storage properties located in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, and South Carolina. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

About Tuxis Corporation
Tuxis Corporation is a holding company engaged through its subsidiaries primarily in real estate development and management.  To learn more about Tuxis Corporation, including Rule 15c2-11 information, please visit www.tuxis.com.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward-looking statements by the company involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the company, which may cause the company’s actual results to be materially different from those expressed or implied by such statements. The company may also make additional forward looking statements from time to time.  All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorageinc.com
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage Announces Fourth Quarter 2016 Dividend http://ir.globalselfstorage.us/news/detail/55/global-self-storage-announces-fourth-quarter-2016-dividend Thu, 01 Dec 2016 16:17:00 -0500 http://ir.globalselfstorage.us/news/detail/55/global-self-storage-announces-fourth-quarter-2016-dividend

NEW YORK, Dec. 01, 2016 (GLOBE NEWSWIRE) -- The board of directors of Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has declared a quarterly cash dividend of $0.065 per common share for the fourth quarter of 2016. The dividend is payable on December 29, 2016 to stockholders of record as of December 15, 2016.

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina, and Ohio. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements

Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events. The amount, nature, and/or frequency of dividends paid by the company may be changed at any time without notice.

Contacts:
Global Self Storage, Inc.
Thomas O’Malley
Chief Financial Officer
tomalley@globalselfstorageinc.com 
1-212-785-0900, ext. 267


Liolios Investor Relations
Michael Koehler
SELF@liolios.com 
1-949-574-3860 

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage to Present at the 9th Annual LD Micro Conference on December 6 http://ir.globalselfstorage.us/news/detail/54/global-self-storage-to-present-at-the-9th-annual-ld-micro-conference-on-december-6 Mon, 28 Nov 2016 09:00:00 -0500 http://ir.globalselfstorage.us/news/detail/54/global-self-storage-to-present-at-the-9th-annual-ld-micro-conference-on-december-6 NEW YORK, NY / ACCESSWIRE / November 28, 2016 / Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been invited to present at the 9th Annual LD Micro Main Event investor conference being held December 6-8 at the Luxe Sunset Boulevard Hotel in Los Angeles, California.

Mark C. Winmill, Global Self Storage's president and chief executive officer, will present on Tuesday, December 6 at 2:30 p.m. Pacific Time, with one-on-one meetings held throughout the day.

The LD Micro Main Event is the largest independent conference for small and microcap companies and will feature 240 presenting companies.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com/events for more information.

News Compliments of Accesswire.

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development, and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible, and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina, and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into an event platform hosting several influential conferences annually (Invitational, Summit, and Main Event).

In 2015, LD Micro launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and microcap universe.

Cautionary Note Regarding Forward-Looking Statements

Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward-looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates," or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward-looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs, and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs, and projections will result or be achieved. All forward-looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Certain information contained herein has been supplied by third parties. While the company believes such sources are reliable, the company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

Contacts:

Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorageinc.com
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
SELF@liolios.com
1-949-574-3860

SOURCE: Global Self Storage, Inc. via LD Micro

]]>
Global Self Storage to Acquire Tuxis Self Storage Facilities in Clinton, Connecticut and Millbrook, New York http://ir.globalselfstorage.us/news/detail/53/global-self-storage-to-acquire-tuxis-self-storage-facilities-in-clinton-connecticut-and-millbrook-new-york Wed, 23 Nov 2016 16:15:00 -0500 http://ir.globalselfstorage.us/news/detail/53/global-self-storage-to-acquire-tuxis-self-storage-facilities-in-clinton-connecticut-and-millbrook-new-york NEW YORK, NY -- (Marketwired) -- 11/23/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has entered into an agreement with Tuxis Corporation (OTC PINK: TUXS), a self storage and real estate development company and Global Self Storage affiliate, to acquire a 185 unit, 25,705 square foot self storage facility located in Clinton, Connecticut, a 142 unit, 15,000 square foot self storage facility located in Millbrook, New York, and an adjoining 1,875 square foot Millbrook commercial property.

Under the purchase agreement, Global Self Storage will pay Tuxis an aggregate of $7.8 million, which includes $5.925 million in cash, $975,000 of Global Self Storage common stock, and, contingent upon the satisfaction of certain conditions described in the purchase agreement related to the expansion of the Millbrook self storage facility, an additional $900,000 cash payment.

The closing of the acquisition is subject to certain conditions precedent under the purchase agreement including, among others, approval by Tuxis stockholders.

"Both of these facilities fit our current acquisition criteria as they are performing well and located in secondary and/or tertiary cities where new development is muted," said president and chief executive officer of Global Self Storage Mark C. Winmill, who also serves as president, chief executive officer, and a director of Tuxis. "After a thorough review and evaluation by a special committee of independent directors, we believe these two stores will be very complementary to our existing portfolio of self storage facilities."

"This transaction would allow Tuxis to pursue other real estate development and management opportunities," Winmill added.

For more information regarding this acquisition, please refer to the 2016 Tuxis Corporation proxy statement on www.tuxis.com.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

About Tuxis Corporation
Tuxis Corporation is engaged through subsidiaries in self storage and real estate development. Tuxis Self Storage at Heritage Park, Clinton, Connecticut, is a 185 unit self storage facility which offers a mix of standard and climate control units. Tuxis Self Storage at Millbrook Commons, Millbrook, New York, is a mixed use facility consisting of 142 climate control self storage units including wine storage bins and complemented by rental office space. To learn more about our self storage facilities please visit www.tuxisselfstorage.com. To learn more about Tuxis Corporation, including Rule 15c2-11 information, please visit www.tuxis.com.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, including the acquisition by Global Self Storage of Tuxis Corporation subsidiaries, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

]]>
Global Self Storage Reports Third Quarter and Nine-Month 2016 Results http://ir.globalselfstorage.us/news/detail/52/global-self-storage-reports-third-quarter-and-nine-month-2016-results Mon, 14 Nov 2016 16:15:00 -0500 http://ir.globalselfstorage.us/news/detail/52/global-self-storage-reports-third-quarter-and-nine-month-2016-results NEW YORK, NY -- (Marketwired) -- 11/14/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, reported results for the quarter and nine months ended September 30, 2016.

Q3 2016 Highlights vs. Q3 2015

  • Combined store (non same-store and same-store) revenues increased 16.9% to $1.35 million
  • Combined store net operating income (NOI) increased 12.5% to $826,000
  • Combined net leasable square footage at quarter end increased 34.4% to 652,813
  • Same-store revenues increased 7.7% to $1.24 million
  • Same-store NOI increased 3.8% to $762,000
  • Same-store average overall square foot occupancy improved to 91.4% from 89.3%
  • Maintained quarterly dividend of $0.065 per common share
  • Completed the acquisition of self storage facilities in Lima, Ohio for $5.3 million and Fishers, Indiana for $7.7 million

Nine Months Ended September 30, 2016 Highlights vs. Nine Months Ended September 30, 2015

  • Combined store revenues increased 10.8% to $3.69 million
  • Combined store NOI increased 10.3% to $2.19 million
  • Same-store revenues increased 7.6% to $3.58 million
  • Same-store NOI increased 7.1% to $2.12 million
  • Distributed dividends of $0.195 per common share consistent with the first nine months of 2015

Management Commentary
"The third quarter of 2016 was highlighted by the accretive acquisition of two self storage facilities, which brings the total number of stores in our portfolio to nine," said president and chief executive officer of Global Self Storage, Mark C. Winmill. "We are confident that our professional management and best practices can improve operations and expand profitability at each of these stores over time."

"Our strong top-line growth and increased same-store occupancy rates reflects the execution of our business strategy which focuses on providing a best-in-class customer experience while striving to attract high quality tenants."

"Looking forward, we remain well capitalized to execute our growth strategies which include increasing the square footage of our existing stores as well as acquiring additional stores. In fact, during the quarter we made significant progress on the 44,260 square foot expansion at our Bolingbrook store and we expect to begin leasing those new units by year-end. Further, we have begun evaluating our Merrillville store for expansion potential. On the acquisition front, opportunities remain in secondary and tertiary cities in our target markets where we believe new development activity will be muted compared to the primary markets and urban centers."

"Altogether we are pleased with our progress and believe we are well positioned within the market for future growth."

Combined Same-Store and Non Same-Store Results for the Three Months Ended September 30, 2016
For the three months ended September 30, 2016, combined store revenues increased 16.9% to $1.35 million compared with $1.15 million for the same period in 2015. The increase was driven by a 37.4% increase in net leased square footage at the period end when compared to one year ago.

Combined operating expenses in the third quarter of 2016 totaled $523,000 compared with $419,000 in the third quarter of 2015. The increase was driven by higher marketing expenses, on-site property manager payroll and property taxes.

For the third quarter of 2016, combined NOI increased 12.5% to $826,000 compared with $734,000 for the same year ago period. The increase was a result of the increase in combined revenues which was offset by an increase in combined operating expenses.

Same-Store Results for the Three Months Ended September 30, 2016
The company's same-store portfolio for the three-month period ended September 30, 2016 included seven of its nine stores, representing 92% of store net operating income for the quarter.

For the three months ended September 30, 2016, same-store revenues increased 7.7% to $1.24 million compared with $1.15 million for the same period in 2015. The increase was driven by a 5.3% increase in total annualized revenue per leased square foot and a 2.3% increase in average overall square foot occupancy.

Same-store operating expenses in the third quarter of 2016 totaled $479,000 compared with $419,000 in the third quarter of 2015. The increase was primarily driven by higher marketing expenses, on-site property manager payroll, and property taxes. On a sequential basis, same-store operating expenses were down slightly from $484,000 in the second quarter of 2016.

For the third quarter of 2016, same-store NOI increased 3.8% to $762,000 compared with $734,000 for the same year ago period. The increase was primarily attributable to the increase in same-store revenues which was offset by an increase in same-store operating expenses.

Same-store occupancy at September 30, 2016 increased 2.3% to 91.4% from 89.3% at September 30, 2015. The increase was primarily attributable to internet marketing initiatives and increased customer service efforts which appeared to drive brand loyalty and word-of-mouth referrals.

Company Operating Results for the Three Months Ended September 30, 2016
General and administrative expenses totaled $394,000 during the three months ended September 30, 2016 compared with $354,000 during the prior quarter and $251,000 during the three months ended September 30, 2015. The increases were primarily driven by higher legal, accounting, compliance, consulting, and Nasdaq listing fees.

Business development and property acquisition costs for the third quarter of 2016 totaled $239,000.

Interest expense for the three months ending September 30, 2016 was $220,000 compared with $0 for the same year ago period resulting from the company's property-secured $20 million loan in June 2016.

Funds from operations (FFO) totaled approximately $19,000, or $0.00 per common share, in the third quarter of 2016.

Net loss totaled $217,000, or $(0.03) per common share, in the third quarter of 2016.

Combined Same-Store and Non Same-Store Results for the Nine Months Ended September 30, 2016
For the nine months ended September 30, 2016, combined store revenues increased 10.8% to $3.69 million compared with $3.33 million for the nine months ended September 30, 2015. The increase was driven by a 37.4% increase in net leased square footage at the period end when compared to one year ago.

Combined operating expenses in the first nine months of 2016 totaled $1.50 million compared with $1.35 million in the first nine months of 2015. The increase was primarily driven by higher marketing expenses, on-site property manager payroll, and property taxes.

For the first nine months of 2016, combined store net operating income increased 10.3% to $2.19 million compared with $1.98 million for the same year ago period. The increase was a result of the increase in combined revenues offset by an increase in combined operating expenses.

Same-Store Results for the Nine Months Ended September 30, 2016
The company's same-store portfolio for the nine-month period ended September 30, 2016 included seven of its nine stores, representing 97% of store net operating income for the period.

For the nine months ended September 30, 2016, same-store revenues increased 7.6% to $3.58 million compared with $3.33 million for the same period in 2015. The increase was driven primarily by a 5.2% increase in total annualized revenue per leased square foot and a 2.3% increase in average overall square foot occupancy.

Same-store operating expenses in the first nine months of 2016 increased 8.4% to $1.46 million compared with $1.35 million for the same period in 2015. The increase was primarily attributable to higher marketing expenses, on-site property manager payroll, and property taxes.

For the first nine months of 2016, same-store net operating income increased 7.1% to $2.12 million compared with $1.98 million for the same year ago period. The increase was primarily attributable to the increase in same-store revenues which was offset by an increase in same-store operating expenses.

Same-store occupancy at September 30, 2016 increased 2.3% to 91.4% from 89.3% at September 30, 2015. The increase was primarily attributable to internet marketing initiatives and increased customer service efforts which appeared to drive brand loyalty and word-of-mouth referrals.

Company Operating Results for the Nine Months Ended September 30, 2016
General and administrative expenses totaled $1.06 million during the nine months ended September 30, 2016 compared with $0.88 million during the same period in 2015. The increase was primarily driven by higher legal, accounting, compliance, consulting, and Nasdaq listing fees.

Business development and property acquisition costs for the first nine months of 2016 totaled $398,000.

Interest expense for the nine months ending September 30, 2016 was $237,000 compared with $0 for the same year ago period resulting from the company's property-secured $20 million loan in June 2016.

FFO totaled approximately $415,000, or $0.06 per common share, in the nine-month period ending September 30, 2016.

Net loss totaled $181,000, or $(0.02) per common share, in the nine-month period ending September 30, 2016.

Dividends
On September 1, 2016, the company declared a quarterly dividend of $0.065 per common share, consistent with the quarterly dividend from a year ago and last quarter.

For the nine months ended September 30, 2016, the company paid dividends totaling $0.195 per common share, consistent with the nine months ended September 30, 2015.

Balance Sheet
At September 30, 2016, cash, cash equivalents and marketable securities totaled $10.9 million compared with $25.9 million at June 30, 2016 and $7.8 million at December 31, 2015. The decrease was primarily driven by the recent store acquisitions which were finalized during the third quarter of 2016.

For more information on the company's quarterly results, including financial tables, please refer to the company's Form 10-Q filed today.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina, and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

Same Store Self Storage Operations Definition
Global Self Storage considers their same-store portfolio to consist of only those facilities owned and operated on a stabilized basis at the beginning and at the end of the applicable periods presented. The company considers a facility to be stabilized once it has achieved an occupancy rate that it believes, based on its assessment of market-specific data, is representative of similar self-storage assets in the applicable market for a full year measured as of the most recent January 1 and has not been significantly damaged by natural disaster or undergone significant renovation. The company believes that same-store results are useful to investors in evaluating its performance because they provide information relating to changes in facility-level operating performance without taking into account the effects of acquisitions, developments, or dispositions. At September 30, 2016, the company owned 7 same-store facilities and 2 non-same-store facilities.

Non-GAAP Disclosures
This release contains metrics that may not be a full and complete financial representation of the company's results in accordance with U.S. generally accepted accounting principles ("GAAP"), but is rather a non-GAAP summary of certain of its self-storage properties' financial highlights. Funds From Operations ("FFO") is a Non-GAAP financial metric and is defined by the National Association of Real Estate Investment Trusts, Inc. as a REIT's net income, excluding gains or losses from sales of property, and adding back real estate depreciation and amortization. FFO and FFO per share are not a substitute for net income or earnings per share. FFO is not a substitute for GAAP net cash flow in evaluating our liquidity or ability to pay dividends, because it excludes financing activities presented on our statements of cash flows. In addition, other REITs may compute these measures differently, so comparisons among REITs may not be helpful. However, the company believes that to further understand the performance of its self-storage properties, FFO should be considered along with the reported net income and cash flows in accordance with GAAP, as presented in the company's financial statements.

Net operating income or "NOI" is defined as net property earnings before general and administrative expenses, interest, taxes, depreciation and amortization. We believe NOI is a meaningful measure of operating performance, because we utilize NOI in making decisions with respect to capital allocations, determining current property values, evaluating property performance and in comparing period-to-period and market-to-market property operating results. In addition, we believe the investment community utilizes NOI in determining operating performance and real estate values, and does not consider depreciation expense because it is based upon historical cost. NOI is not a substitute for net income, net operating cash flow, or other related GAAP financial measures, in evaluating our operating results.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage to Report Third Quarter 2016 Results on Monday, November 14, 2016 http://ir.globalselfstorage.us/news/detail/51/global-self-storage-to-report-third-quarter-2016-results-on-monday-november-14-2016 Wed, 02 Nov 2016 08:00:00 -0400 http://ir.globalselfstorage.us/news/detail/51/global-self-storage-to-report-third-quarter-2016-results-on-monday-november-14-2016 NEW YORK, NY -- (Marketwired) -- 11/02/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, plans to issue a press release reporting its results for the third quarter ended September 30, 2016 after the market closes on Monday, November 14, 2016.

Global Self Storage also plans to file its quarterly report on Form 10-Q on the same day. This will be the third quarterly earnings release and Form 10-Q report filed by the company since it uplisted to NASDAQ and changed its registration with the SEC to a reporting company on January 19, 2016.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage to Present at the Dawson James Growth Stock Conference on October 20 and the MicroCap Conference on October 25 http://ir.globalselfstorage.us/news/detail/50/global-self-storage-to-present-at-the-dawson-james-growth-stock-conference-on-october-20-and-the-microcap-conference-on-october-25 Wed, 12 Oct 2016 08:00:00 -0400 http://ir.globalselfstorage.us/news/detail/50/global-self-storage-to-present-at-the-dawson-james-growth-stock-conference-on-october-20-and-the-microcap-conference-on-october-25 NEW YORK, NY -- (Marketwired) -- 10/12/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been invited to present at two investor conferences in October.

The Dawson James Securities 2nd Annual Growth Stock Conference is being held October 19-20 at the Wyndham Grand Hotel in Jupiter, Florida. Global Self Storage CEO Mark C. Winmill is scheduled to present on Thursday, October 20 at 4:00 p.m. Eastern time, with one-on-one meetings held throughout the day.

The MicroCap Conference is being held October 24-25 in Philadelphia at the Hotel Monaco. Mr. Winmill is scheduled to present on Tuesday, October 25 at 9:30 a.m. Eastern time, with one-on-one meetings held throughout the day.

Management plans to discuss the company's operational developments and financial results, including the recent acquisitions of self storage facilities in Lima, Ohio and Fishers, Indiana.

For more information on Global Self Storage or for an invitation to either event, please contact Michael Koehler at michael@liolios.com. For further details of the events, please visit www.dawsonjames.com/conference/2016-conferences and www.microcapconf.com.

About Dawson James Securities
Dawson James Securities, Inc., a member of FINRA/SIPC, is a full service investment bank headquartered in Boca Raton, FL. www.dawsonjames.com.

About the MicroCap Conference
The MicroCap Conference is an exclusive event for investors who specialize in small and microcap stocks. It is an opportunity to be introduced to and speak with management at some of the most attractive small companies, learn from various expert panels, and mingle with other microcap investors. www.microcapconf.com.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Certain information contained herein has been supplied by third parties. While the company believes such sources are reliable, the company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage Completes Acquisition of Self Storage Facility in Fishers, Indiana http://ir.globalselfstorage.us/news/detail/49/global-self-storage-completes-acquisition-of-self-storage-facility-in-fishers-indiana Tue, 27 Sep 2016 16:47:00 -0400 http://ir.globalselfstorage.us/news/detail/49/global-self-storage-completes-acquisition-of-self-storage-facility-in-fishers-indiana NEW YORK, NY -- (Marketwired) -- 09/27/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has completed the acquisition of a self storage facility located in Fishers, Indiana for approximately $7.7 million.

The 81,561 net leasable square foot self storage facility is comprised of climate controlled storage, traditional drive-up storage, and outdoor parking storage. The store, situated at the 96th Street and Olio Road intersection and one mile east of Geist Reservoir, features 418 storage units and a retail building currently leased to Geist Montessori Academy. The store was built in three phases during 2007, 2009, and 2014, and opened under company management on September 27, 2016.

"Our latest acquisition is a state-of-the-art facility located in the heart of the growing, affluent Fishers/Geist market in northeast Indianapolis," said president and chief executive officer of Global Self Storage, Mark C. Winmill. "With the opportunity to increase occupancy rates and potentially expand operations at this location, we are confident this is another great addition to our portfolio, which now consists of nine stores."

In late August, the company closed the acquisition of its eighth store located in Lima, Ohio.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, nine self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage Completes Acquisition of Self Storage Facility in Lima, Ohio http://ir.globalselfstorage.us/news/detail/48/global-self-storage-completes-acquisition-of-self-storage-facility-in-lima-ohio Thu, 01 Sep 2016 16:16:00 -0400 http://ir.globalselfstorage.us/news/detail/48/global-self-storage-completes-acquisition-of-self-storage-facility-in-lima-ohio NEW YORK, NY -- (Marketwired) -- 09/01/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has completed the acquisition of an 85,768 net leasable square foot, all single-story self storage facility with 739 rental units in Lima, Ohio. The Global Self Storage Lima store is located between Toledo, Ohio and Dayton, Ohio and is set to open under company management on August 30, 2016.

"We are confident the Global Self Storage store in Lima will be an immediately accretive addition to our portfolio, which now consists of eight self storage stores," said president and Chief Executive Officer of Global Self Storage, Mark C. Winmill. "Through our professional management practices, we can capitalize on the full potential of this store, which is the dominant self storage facility in Lima."

"We continue to evaluate our target markets for properties like this one -- properties that not only have the opportunity for significant profit expansion, but also present the highest barriers to entry to our competition."

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, eight self storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. For more information, go to http://ir.globalselfstorage.us or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage Declares Third Quarter 2016 Dividend http://ir.globalselfstorage.us/news/detail/47/global-self-storage-declares-third-quarter-2016-dividend Thu, 01 Sep 2016 16:15:00 -0400 http://ir.globalselfstorage.us/news/detail/47/global-self-storage-declares-third-quarter-2016-dividend NEW YORK, NY -- (Marketwired) -- 09/01/16 -- The board of directors of Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has declared a quarterly dividend of $0.065 per common share for the third quarter of 2016. The dividend is payable on September 30, 2016 to stockholders of record as of September 16, 2016.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Thomas O'Malley
Chief Financial Officer
Email Contact
1-212-785-0900, ext. 267

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage to Present at the 5th Annual Liolios Gateway Conference on September 8, 2016 http://ir.globalselfstorage.us/news/detail/46/global-self-storage-to-present-at-the-5th-annual-liolios-gateway-conference-on-september-8-2016 Mon, 22 Aug 2016 09:00:00 -0400 http://ir.globalselfstorage.us/news/detail/46/global-self-storage-to-present-at-the-5th-annual-liolios-gateway-conference-on-september-8-2016

NEW YORK, Aug. 22, 2016 (GLOBE NEWSWIRE) -- Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been invited to present at the 2016 Gateway Conference being held on September 7-8, 2016 at the Four Seasons Hotel in San Francisco.

Mark C. Winmill, Global Self Storage’s president and chief executive officer, will present on Thursday, September 8 at 10:00 a.m. Pacific time, with one-on-one meetings held throughout the day.

The presentation will be webcast live and available for replay on the Investor Relations section of the company’s website at ir.globalselfstorage.us and the Gateway Conference website at www.gateway-conference.com/presenters.

The Gateway Conference will feature 100 companies in the small/micro-cap space and will be attended by investors, analysts and other influential members of the investment community.

For more information on Global Self Storage or to request a one-on-one meeting or invitation to the event, please contact Michael Koehler at michael@liolios.com. Please visit www.gateway-conference.com for more information.

About Global Self Storage

Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements

Certain information presented in this press release may contain “forward-looking statements” within the meaning of the federal securities laws. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,” “estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company’s examination of historical operating trends and estimates of future earnings, are based upon the company’s current expectations and various assumptions. The company’s expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company’s expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Certain information contained herein has been supplied by third parties. While the company believes such sources are reliable, the company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
mwinmill@globalselfstorageinc.com
1-212-785-0900, ext. 201

Liolios Group, Inc.
Michael Koehler
SELF@liolios.com
1-949-574-3860

Primary Logo

Source: Global Self Storage, Inc. ]]>
Global Self Storage Reports Second Quarter and Six-Month 2016 Results http://ir.globalselfstorage.us/news/detail/45/global-self-storage-reports-second-quarter-and-six-month-2016-results Mon, 15 Aug 2016 16:15:00 -0400 http://ir.globalselfstorage.us/news/detail/45/global-self-storage-reports-second-quarter-and-six-month-2016-results NEW YORK, NY -- (Marketwired) -- 08/15/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, reported results for the quarter and six months ended June 30, 2016.

Q2 2016 Highlights vs. Q2 2015

  • Same-store net operating income ("NOI") increased 9.7% to $713,000
  • Same-store average overall square foot occupancy improved to 92.1% from 90.1%
  • Maintained quarterly dividend of $0.065 per common share
  • Completed $20.0 million debt financing; bringing cash, cash equivalents, and marketable securities total to $26.0 million
  • Entered into agreements to purchase, subject to certain closing conditions, self storage facilities in Fishers, Indiana and Lima, Ohio

Six Months Ended June 30, 2016 Highlights vs. Six Months Ended June 30, 2015

  • Same-store net operating income ("NOI") increased 8.8% to $1.4 million
  • Same-store average overall square foot occupancy improved to 92.1% from 90.1%
  • Distributed dividends of $0.13 per common share consistent with the first six months of 2015

Management Commentary
"Our profitable results for the quarter were driven by the successful execution of our professional management strategies which include digital and traditional marketing initiatives, a strong commitment to customer service, and our rental rate management program," said president and chief executive officer of Global Self Storage, Mark C. Winmill. "Improvements in our same-store revenues, net operating income, and occupancy were driven by these strategies."

"After our transformative first quarter, where we changed our name, uplisted to NASDAQ, and registered as a reporting company, we have shifted our focus to growing our business through acquisition and the expansion of the stores in our portfolio."

"As such, during the quarter we secured $20M of property secured financing which gives us the ability to expand our portfolio through the acquisition of new stores, including those under contract in Lima, Ohio and Fishers, Indiana. As a result of these specific initiatives, we saw an increase in finance and acquisition related expenses."

"We continue to evaluate single properties and small portfolios throughout our existing markets in the Northeast, Mid-Atlantic and Midwest where we believe our professional management practices can significantly improve the operations and profitability of the given facility."

Same-Store Results for the Three Months Ended June 30, 2016
The company's same-store portfolio for the three-month period ended June 30, 2016 included all seven of its stores, representing 100% of store net operating income for the quarter.

For the three months ended June 30, 2016, same-store revenues increased 8.9% to $1.2 million compared with $1.1 million for the three months ended June 30, 2015. The increase was driven primarily by a 6.7% increase in total annualized revenue per leased square foot and a 2.2% increase in average overall square foot occupancy.

Same-store operating expenses in the second quarter of 2016 increased 7.8% to $484,000 compared with $449,000 in the second quarter of 2015. The increase was primarily attributable to higher property tax expense, employment costs, repair and maintenance, and marketing expense, which were partially offset by decreases in professional, utilities, administrative, and lien administration costs.

For the second quarter of 2016, same-store net operating income increased 9.7% to $713,000 compared with $650,000 for the year-ago period. The increase was primarily attributable to the operating leverage produced by the relative increase in same-store revenues as compared to same-store operating expenses.

Same-store occupancy during the second quarter of 2016 was 92.0%, compared with 90.1% during the second quarter last year. The increase was primarily attributable to internet marketing initiatives and increased customer service efforts which drove brand loyalty and word-of-mouth referrals.

Operating Results for the Three Months Ended June 30, 2016
General and administrative expenses totaled $354,000 during the three months ended June 30, 2016 compared with $144,000 during the three months ended June 30, 2015. The increase was due to regulatory and compliance related costs partially offset by cost reductions due to the transition from an investment company to an operating company.

Funds from operations ("FFO") totaled to approximately $177,000, or $0.02 per common share in the second quarter of 2016.

Net loss totaled $12,000 or $(0.00) per common share in the second quarter of 2016.

Same-Store Results for the Six Months Ended June 30, 2016
The company's same-store portfolio for the six-month period ended June 30, 2016 included all seven of its stores, representing 100% of store net operating income for the period.

For the six months ended June 30, 2016, same-store revenues increased 7.6% to $2.3 million compared with $2.2 million for the six months ended June 30, 2015. The increase was driven primarily by a 5.4% increase in total annualized revenue per leased square foot and a 2.2% increase in average overall square foot occupancy.

Same-store operating expenses in the first six months of 2016 increased 6.1% to $982,000 compared with $925,000 for the first six months of 2015. The increase was primarily attributable to higher property tax expense, employment costs, repair and maintenance, and marketing expense, which were partially offset by decreases in professional, utilities, administrative, and lien administration costs.

For the first six months of 2016, same-store net operating income increased 8.8% to $1.4 million compared with $1.2 million for the year-ago period. The increase was primarily attributable to the operating leverage produced by the relative increase in same-store revenues as compared to same-store operating expenses.

Same-store occupancy during the first six months of 2016 was 92.1%, compared with 90.1% during the first six months of 2015. The increase was primarily attributable to Internet marketing initiatives and increased customer service efforts which drove brand loyalty and word-of-mouth referrals.

Operating Results for the Six Months Ended June 30, 2016
General and administrative expenses totaled $661,000 during the six months ended June 30, 2016 compared with $631,000 during the six months ended June 30, 2015. The increase was due to regulatory and compliance related costs partially offset by cost reductions due to the transition from an investment company to an operating company.

Funds from operations ("FFO") totaled to approximately $396,000, or $0.05 per common share in the six-month period ending June 30, 2016.

Net income totaled $37,000 or $0.00 per common share in the six-month period ending June 30, 2016.

Dividends
On June 1, 2016, the company declared a quarterly dividend of $0.065 per common share, consistent with the quarterly dividend from a year ago and from last quarter.

For the six months ended June 30, 2016, the company paid dividends totaling $0.13 per common share, consistent with the six months ended June 30, 2015.

Capital Transactions
On June 30, 2016, the company secured a $20.0 million property-secured loan at an interest rate of 4.192% per annum, due to mature on July 1, 2036.

Balance Sheet
At June 30, 2016, cash and cash equivalents, and marketable securities, totaled $25.9 million, up from $7.8 million at December 31, 2015. The increase was driven by the $20.0 million financing secured during the quarter.

For more information on the company's quarterly results, including financial tables, please refer to the company's Form 10-Q which will be filed today.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Non-GAAP Disclosures
This release contains metrics that may not be a full and complete financial representation of the company's results in accordance with U.S. generally accepted accounting principles ("GAAP"), but is rather a non-GAAP summary of certain of its self-storage properties' financial highlights. Funds From Operations ("FFO") is a Non-GAAP financial metric and is defined by the National Association of Real Estate Investment Trusts, Inc. as a REIT's net income, excluding gains or losses from sales of property, and adding back real estate depreciation and amortization. FFO and FFO per share are not a substitute for net income or earnings per share. FFO is not a substitute for GAAP net cash flow in evaluating our liquidity or ability to pay dividends, because it excludes financing activities presented on our statements of cash flows. In addition, other REITs may compute these measures differently, so comparisons among REITs may not be helpful. However, the company believes that to further understand the performance of its self-storage properties, FFO should be considered along with the reported net income and cash flows in accordance with GAAP, as presented in the company's financial statements.

Net operating income or "NOI" is defined as net property earnings before general and administrative expenses, interest, taxes, depreciation and amortization. We believe net operating income or "NOI" is a meaningful measure of operating performance, because we utilize NOI in making decisions with respect to capital allocations, determining current property values, evaluating property performance and in comparing period-to-period and market-to-market property operating results. In addition, we believe the investment community utilizes NOI in determining operating performance and real estate values, and does not consider depreciation expense because it is based upon historical cost. NOI is defined as net property earnings before general and administrative expenses, interest, taxes, depreciation, and amortization. NOI is not a substitute for net income, net operating cash flow, or other related GAAP financial measures, in evaluating our operating results.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Investor Relations
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage to Report Second Quarter 2016 Results on Monday, August 15, 2016 http://ir.globalselfstorage.us/news/detail/44/global-self-storage-to-report-second-quarter-2016-results-on-monday-august-15-2016 Wed, 27 Jul 2016 16:00:00 -0400 http://ir.globalselfstorage.us/news/detail/44/global-self-storage-to-report-second-quarter-2016-results-on-monday-august-15-2016 NEW YORK, NY -- (Marketwired) -- 07/27/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self-storage facilities, plans to issue a press release reporting its results for the second quarter ended June 30, 2016 after the market closes on Monday, August 15, 2016.

Global Self Storage also plans to file its Form 10-Q on the same day. This will be the second quarterly earnings release and Form 10-Q report filed by the Company since it uplisted to NASDAQ and changed its registration with the SEC to a reporting company on January 19, 2016.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The Company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the Company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The Company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the Company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the Company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The Company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contacts:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Group, Inc.
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage Secures $20M of Debt Financing http://ir.globalselfstorage.us/news/detail/42/global-self-storage-secures-20m-of-debt-financing Thu, 30 Jun 2016 09:47:00 -0400 http://ir.globalselfstorage.us/news/detail/42/global-self-storage-secures-20m-of-debt-financing NEW YORK, NY -- (Marketwired) -- 06/30/16 -- Certain wholly owned subsidiaries of Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, entered into a loan agreement with Insurance Strategy Funding IV, LLC and Global Self Storage entered into a corresponding non-recourse guaranty.

Global Self Storage's wholly owned subsidiaries are borrowing a principal amount of $20 million at an interest rate of 4.192% per annum, due to mature on July 1, 2036, and secured by certain real estate assets owned by the subsidiaries.

J.P. Morgan Investment Management, Inc. acted as special purpose vehicle agent of the lender.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The Company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the Company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The Company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the Company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the Company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The Company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Contact:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Group, Inc.
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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Global Self Storage Added to the Russell Microcap Index http://ir.globalselfstorage.us/news/detail/41/global-self-storage-added-to-the-russell-microcap-index Mon, 27 Jun 2016 09:30:00 -0400 http://ir.globalselfstorage.us/news/detail/41/global-self-storage-added-to-the-russell-microcap-index NEW YORK, NY -- (Marketwired) -- 06/27/16 -- Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) that owns and operates self storage facilities, has been added to the Russell Microcap® Index effective at the open of trading, marking the annual Russell Indexes reconstitution.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes by objective, market-capitalization rankings and style attributes.

Indexes provided by FTSE Russell, a leading global index provider, are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $6 trillion in assets are benchmarked against the Russell US Indexes.

For more information on the Russell Microcap Index and the Russell US Indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About FTSE Russell
FTSE Russell is a global index leader and data provider that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $10 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance, and embraces the IOSCO principles. FTSE Russell is also focused on index innovation and client collaboration as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.

About Global Self Storage
Global Self Storage, Inc. is a self-administered and self-managed REIT focused on the ownership, operation, acquisition, development and redevelopment of self storage facilities in the United States. The Company's self storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It currently owns and operates, through its wholly owned subsidiaries, seven self storage properties located in New York, Pennsylvania, Illinois, Indiana, and South Carolina. For more information, go to http://ir.globalselfstorage.us/ or visit our self storage customer site at www.globalselfstorage.us.

Cautionary Note Regarding Forward Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws. Forward looking statements include statements concerning the Company's plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. The Company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the Company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the Company's examination of historical operating trends and estimates of future earnings, are based upon the Company's current expectations and various assumptions. The Company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the Company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The Company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

Certain information contained herein has been supplied by third parties. While the Company believes such sources are reliable, the Company cannot guarantee the accuracy of any such information and does not represent that such information is accurate or complete.

Contact:
Global Self Storage, Inc.
Mark C. Winmill
President and Chief Executive Officer
Email Contact
1-212-785-0900, ext. 201

Liolios Group, Inc.
Michael Koehler
Email Contact
1-949-574-3860

Source: Global Self Storage, Inc.

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