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Extra Space Storage Surpasses 2,000 Store Milestone
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Essex Property Trust Publishes Updated Investor Presentation and Increases Guidance
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Global Self Storage Reports Record First Quarter 2021 Results
Strong Pricing Power and Lease-up Performance Drive Record Occupancies and Revenues, and Double-Digit FFO and AFFO Growth
NEW YORK, NY / ACCESSWIRE / May 13, 2021 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires, develops and redevelops self-storage properties, reported results for the first quarter ended March 31, 2021. All comparisons are to the same year-ago period unless otherwise noted.
Q1 2021 Highlights
Total expenses decreased 6.9% to $2.0 million.
Net income increased $768,000 to $411,000 or $0.04 per fully diluted share.
Funds from operations (FFO) increased 72.1% to a record $602,000 or $0.06 per diluted share.
Adjusted FFO (AFFO) increased 63.2% to a record $634,000 or $0.07 per diluted share (see definition of FFO and AFFO, both non-GAAP terms, and their reconciliation to GAAP, below).
New York City REIT Announces First Quarter 2021 Results
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Gladstone Land Corporation: Gladstone Land Announces First Quarter 2021 Results
Please note
that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.
MCLEAN, VA / ACCESSWIRE / May 12, 2021 / Gladstone Land Corporation (NASDAQ:LAND) ( Gladstone Land or the Company ) today reported financial results for the first quarter ended March 31, 2021. A description of funds from operations ( FFO ), core FFO ( CFFO ), adjusted FFO ( AFFO ), and net asset value ( NAV ), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of the Company s common stock, unless noted otherwise. For further detail, please refer to the Company s Quarterly Report on Form 10-Q (the Form 10-Q ), which is available on the Investors section of the Company s website at