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Global Self Storage (Global Self Storage) Retained Earnings : $-1.10 Mil (As of Dec. 2023)


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What is Global Self Storage Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Self Storage's retained earnings for the quarter that ended in Dec. 2023 was $-1.10 Mil.

Global Self Storage's quarterly retained earnings declined from Jun. 2023 ($-0.84 Mil) to Sep. 2023 ($-1.38 Mil) but then increased from Sep. 2023 ($-1.38 Mil) to Dec. 2023 ($-1.10 Mil).

Global Self Storage's annual retained earnings declined from Dec. 2021 ($0.16 Mil) to Dec. 2022 ($-0.80 Mil) and declined from Dec. 2022 ($-0.80 Mil) to Dec. 2023 ($-1.10 Mil).


Global Self Storage Retained Earnings Historical Data

The historical data trend for Global Self Storage's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Global Self Storage Retained Earnings Chart

Global Self Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 1.64 -0.51 0.16 -0.80 -1.10

Global Self Storage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.80 -0.61 -0.84 -1.38 -1.10

Global Self Storage Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Global Self Storage  (NAS:SELF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Global Self Storage (Global Self Storage) Business Description

Traded in Other Exchanges
N/A
Address
3814 Route 44, Millbrook, New York, NY, USA, 12545
Global Self Storage Inc is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. It has one segment of Rental operations. Through its wholly-owned subsidiaries, the company owns and/or manages close to 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
Executives
Tuxis Corp other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Donald Ii Klimoski officer: General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
Mark Campbell Winmill director, officer: President and CEO 3814 ROUTE 44, MILLBROOK NY 12545
Carroll Sally Coonrad director 3814 ROUTE 44, MILLBROOK NY 12545
George B Langa director 3814 ROUTE 44, MILLBROOK NY 12545
Burke Russell E Iii director 3814 ROUTE 44, MILLBROOK NY 12545
Investor Service Center Inc /de other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Russell Kamerman officer: Assistant General Counsel 3814 ROUTE 44, MILLBROOK NY 12545
William Chester Zachary director 136 EAST 64TH ST, APT 6D, NEW YORK NY 10065
Thomas Omalley officer: Chief Financial Officer 3814 ROUTE 44, MILLBROOK NY 12545
Winmill & Co. Inc other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Bexil Corp other: See "Explanation of Responses" 2255 BUFFALO ROAD, ROCHESTER NY 14624
Hwang Eric Paul C. other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005
Bruce B Huber director 11 HANOVER SQUARE, NEW YORK NY 10005
Jacob Bukhsbaum officer: Chief Compliance Officer, other: See "Explanation of Responses" 11 HANOVER SQUARE, NEW YORK NY 10005

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