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SELF Global Self Storage

Global Self Storage, Inc. is a real estate investment trust. It engages in the ownership, operation and management of self storage facilities. The company was founded on September 1, 1983 and is headquartered in New York, NY.

Company profile

Ticker
SELF
Exchange
CEO
Mark Campbell Winmill
Employees
Incorporated
Location
Fiscal year end
Former names
BULL & BEAR GLOBAL INCOME FUND INC/, GLOBAL INCOME FUND INC, GLOBAL INCOME FUND, INC., Self Storage Group, Inc.
SEC CIK
IRS number
133926714

SELF stock data

(
)

Calendar

31 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.96M 1.96M 1.96M 1.96M 1.96M 1.96M
Cash burn (monthly) (positive/no burn) 191.51K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 661.62K n/a n/a n/a n/a
Cash remaining n/a 1.29M n/a n/a n/a n/a
Runway (months of cash) n/a 6.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Mar 21 Midas Securities Common Stock Other Aquire J No No 4.845 135,101 654.56K 135,101
29 Mar 21 Winmill & Co. Common Stock Other Dispose J No No 4.845 135,101 654.56K 5,087
25 Mar 21 Kamerman Russell Common Stock Grant Aquire A No No 4.51 850 3.83K 3,425
25 Mar 21 Klimoski Donald II Common Stock Grant Aquire A No No 4.51 10,400 46.9K 39,352
25 Mar 21 Klimoski Donald II Common Stock Grant Aquire A No No 4.51 3,500 15.79K 28,952
25 Mar 21 Klimoski Donald II Common Stock Sale back to company Dispose D No No 0 3,048 0 25,452
25 Mar 21 OMalley Thomas Common Stock Grant Aquire A No No 4.51 10,400 46.9K 36,185
25 Mar 21 OMalley Thomas Common Stock Grant Aquire A No No 4.51 3,500 15.79K 25,785
25 Mar 21 OMalley Thomas Common Stock Sale back to company Dispose D No No 0 3,048 0 22,285

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Risks
  • Adverse economic or other conditions in the markets in which we do business and more broadly could negatively affect our occupancy levels and rental rates and therefore our operating results.
  • Our storage leases are relatively short-term in nature, which exposes us to the risk that we may have to re-lease our units and we may be unable to do so on attractive terms, on a timely basis or at all.
  • Increases in taxes and regulatory compliance costs may reduce our income and adversely impact our cash flows.
  • Our property taxes could increase due to various reasons, including a reassessment, which could adversely impact our operating results and cash flow.
  • Increases in operating costs may adversely affect our results of operation and cash flow.
  • We depend upon our on-site personnel to maximize tenant satisfaction at each of our properties, and any difficulties we encounter in hiring, training, and maintaining skilled field personnel may harm our operating performance.
  • We face competition from other self storage properties, which may adversely impact the markets in which we invest and in which our self storage properties operate.
  • Rental revenues are significantly influenced by demand for self storage space generally, and a decrease in such demand would likely have a greater adverse effect on our rental revenues than if we owned a more diversified real estate portfolio or if we owned a larger number of self storage properties.
  • We may not be successful in identifying and consummating suitable acquisitions, or integrating and operating acquired properties, which may adversely impact our growth.
  • We may not be able to develop a captive pipeline of acquisition targets without the use of non-refundable deposits.
  • We may acquire properties subject to liabilities which may adversely impact our operating results.
  • Our investments in development and redevelopment projects may not yield anticipated returns which could adversely impact our economic performance.
  • Store ownership through joint ventures may limit our ability to act exclusively in our interest.
  • Our performance is subject to risks associated with the real estate industry.
  • Illiquidity of real estate investments could significantly impede our ability to respond to adverse changes in the performance of our properties.
  • Any negative perceptions of the self storage industry generally may result in a decline in our stock price.
  • Costs associated with complying with the ADA may result in unanticipated expenses.
  • Extensive environmental regulation to which we are subject creates uncertainty regarding future environmental expenditures and liabilities.
  • We may become subject to litigation or threatened litigation or other claims that may divert management’s time and attention, require us to pay damages and expenses or restrict the operation of our business.
  • Uninsured losses or losses in excess of our insurance coverage could adversely affect our financial condition and cash flow.
  • To the extent we invest in publicly traded REITs, our performance may be subject to the risks of investment in such securities.
  • We may be unable to make distributions in the future, maintain our current level of distributions or increase distributions over time.
  • We rely on information technology in our operations, and any material failure, inadequacy, interruption or security breach through cyber-attacks, cyber-intrusions, or other methods could disrupt our information technology networks and related systems and harm our business.
  • Privacy concerns could result in regulatory changes that may harm our business.
  • The ability of our board of directors to revoke our REIT election without stockholder approval may cause adverse consequences to our stockholders.
  • Our business could be harmed if key personnel with business experience in the self storage industry terminate their employment with us.
  • There may be conflicts of interest resulting from the relationships among us, our affiliates, and other related parties.
  • Certain provisions of Maryland law could inhibit changes in control of our company.
  • Our rights and the rights of our stockholders to take action against our directors and officers are limited, which could limit your recourse in the event of actions not in your best interest.
  • Our charter contains provisions that make removal of our directors difficult, which could make it difficult for our stockholders to effect changes to our management.
  • We may change our investment and financing strategies and enter into new lines of business without stockholder consent, which may subject us to different risks.
  • If other self storage companies convert to a REIT structure or if tax laws change, we may no longer have an advantage in competing for potential acquisitions.
  • Our board of directors has the power to issue additional shares of our stock in a manner that may not be in the best interest of our stockholders.
  • Restrictions on ownership and transfer of our shares may restrict change of control or business combination opportunities in which our stockholders might receive a premium for their shares.
  • Disruptions in the financial markets could affect our ability to obtain debt financing on reasonable terms or at all and have other adverse effects.
  • We depend on external sources of capital that are outside of our control, which could adversely affect our ability to acquire or develop properties, satisfy our debt obligations and/or make distributions to stockholders.
  • The terms and covenants relating to our indebtedness could adversely impact our economic performance.
  • Our failure to qualify or remain qualified as a REIT would subject us to U.S. federal income tax and applicable state and local taxes, which would reduce the amount of operating cash flow available for distribution to stockholders.
  • Even if we qualify as a REIT, we may face other tax liabilities that reduce our cash flow.
  • To maintain our REIT qualification, we may be forced to borrow funds during unfavorable market conditions.
  • Failure to make required distributions would subject us to tax, which would reduce the operating cash flow available for distribution to stockholders.
  • Complying with the REIT requirements may cause us to forgo and/or liquidate otherwise attractive investments.
  • We may be subject to a 100% tax on income from “prohibited transactions,” and this tax may limit our ability to sell assets or require us to restructure certain of our activities in order to avoid being subject to the tax.
  • Our TRSs will be subject to U.S. federal income tax and will be required to pay a 100% penalty tax on certain income or deductions if transactions with such TRSs are not conducted on arm’s length terms.
  • We may not have cash available to make distributions.
  • Our REIT qualification could be adversely affected by the REIT qualification of any REIT in which we hold an interest.
  • We could fail to qualify as a REIT if we have not distributed any earnings and profits attributable to a taxable year before we elected to be taxed as a REIT.
  • We may not have satisfied requirements related to the ownership of our outstanding stock, which could cause us to fail to qualify as a REIT.
  • Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.
  • Legislative or regulatory tax changes related to REITs could materially and adversely affect our business.
  • The future sales of shares of our common stock may depress the price of our common stock and dilute stockholders’ beneficial ownership.
  • Any future offerings of debt, which would be senior to our common stock upon liquidation, and/or preferred equity securities which may be senior to our common stock for purposes of dividend distributions or upon liquidation, may adversely affect the market price of our common stock.
  • The market price and trading volume of our common stock may vary substantially.
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