Global Self Storage to Ring Nasdaq Closing Bell on October 5

MILLBROOK, NY / ACCESSWIRE / October 3, 2022 / Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust that owns, operates, manages, acquires and redevelops self-storage properties, will ring the Nasdaq Stock Market Closing Bell on Wednesday, October 5, to commemorate the company's exceptional operational and financial performance, including a dividend yield that leads its publicly-traded self-storage REIT peers.

Event: Nasdaq Closing Bell Ceremony
Date: Wednesday, October 5
Time: 3:52 p.m. Eastern time

Live broadcast link: livestream.com/nasdaq/live

The ceremony will be streamed online at livestream.com/nasdaq/live beginning at approximately 3:52 p.m. Eastern time. Following an introduction by Nasdaq, the president and CEO of Global Self Storage, Mark C. Winmill, will speak and then ring the bell at 4:00 p.m., along with other members of the Global Self Storage team.

The bell ringing will be broadcasted live across major business news networks, including CNBC, Fox Business News and Bloomberg TV, as well as on the Nasdaq Tower in the heart of Times Square.

Starting at 3:30 pm, the online stream will present a view of the Nasdaq Tower with the Global Self Storage logo and trading symbol displayed until the event begins. A replay of the event will be available here.

"We are honored to celebrate our six-year anniversary on Nasdaq, and recognize the many amazing milestones our talented Global Self Storage team has achieved over the years," stated Winmill. "We have nearly doubled our number of self-storage properties and expanded across three states, all while increasing our cash flows and stockholder dividend."

Global Self Storage's strong pricing power, operational excellence and proprietary revenue rate management program allowed the company to increase its dividend for common stockholders last month by 11.5%. This increased the company's quarterly dividend distribution by $0.03 to $0.29 per share on an annualized basis.

In times of moderate to high inflation, public REITs have historically outperformed the S&P 500 in terms of higher returns and financial performance. This has been especially true for the self-storage sector of the real estate market, which can maintain a hedge against inflation because of its ability to quickly adapt its pricing to market conditions by virtue of its month-to-month rentals. Self-storage has also historically performed well during periods of both economic growth and recession.