Global Self Storage(SELF)

Search documents
Global Self Storage(SELF) - 2024 Q1 - Quarterly Results
2024-05-10 20:10
[Global Self Storage First Quarter 2024 Results](index=1&type=section&id=Global%20Self%20Storage%20First%20Quarter%202024%20Results) [Q1 2024 Financial & Operational Highlights](index=1&type=section&id=Q1%202024%20Financial%20%26%20Operational%20Highlights) Q1 2024 saw stable revenues, a sharp net income and FFO decline, yet a strong 3.4 p.p. increase in same-store occupancy Key Financial and Operational Metrics | Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $3.0 million | $3.0 million | Unchanged | | Net Income | $266,000 | $993,000 | -73.2% | | Diluted EPS | $0.02 | $0.09 | -77.8% | | FFO | $0.8 million | $1.0 million | -18.3% | | AFFO | $0.9 million | $1.1 million | -14.7% | | Same-Store NOI | $1.8 million | $1.9 million | -5.7% | | Same-Store Occupancy (End of Period) | 91.3% | 87.9% | +3.4 p.p. | - The company declared and maintained a quarterly dividend of **$0.0725 per share**, consistent with the prior year and previous quarter, representing an annualized rate of **$0.29 per share**[3](index=3&type=chunk) - Capital resources as of March 31, 2024, totaled approximately **$24.0 million**, consisting of **$6.9 million** in cash, **$2.6 million** in marketable securities, and **$14.5 million** available under its revolving credit facility[4](index=4&type=chunk)[17](index=17&type=chunk) [Management Commentary](index=3&type=section&id=Management%20Commentary) Management cited economic headwinds for flat revenues, but highlighted successful marketing driving occupancy gains despite rising IT and inflationary operating costs - Flat revenue is attributed to general economic headwinds, high inflation, and lower move-in rental rates across the industry[7](index=7&type=chunk) - Effective digital and local marketing initiatives helped increase average same-store occupancy to **91.3%** at the end of Q1, up from **87.9%** in the prior year, with occupancy continuing to improve to **92.8%** as of May 1, 2024[7](index=7&type=chunk)[8](index=8&type=chunk) - Operating expenses increased due to a one-time IT investment, additional digital advertising spending, and industry-wide inflationary increases in property insurance and real estate taxes[10](index=10&type=chunk) - The company continues to evaluate property expansion opportunities and pursue potential acquisitions, supported by capital resources of approximately **$24.0 million**[12](index=12&type=chunk) [Financial Performance Analysis](index=4&type=section&id=Financial%20Performance%20Analysis) This section analyzes consolidated and same-store financial results, detailing revenue, expense, and non-GAAP metric performance for Q1 2024 [Consolidated Financial Results](index=4&type=section&id=Consolidated%20Financial%20Results) Q1 2024 saw flat revenues, a 10.4% rise in operating expenses, leading to a 28.3% operating income drop and a sharp 73.2% net income decline Consolidated Financial Performance | Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $3.0 million | $3.0 million | -0.1% | | Total Operating Expenses | $2.4 million | $2.2 million | +10.4% | | Operating Income | $591,000 | $825,000 | -28.3% | | Net Income | $266,000 | $993,000 | -73.2% | - The increase in total operating expenses was attributable to higher store level expenses (marketing, employment, property taxes) and general and administrative expenses[15](index=15&type=chunk) - The significant decrease in net income was partly due to an unrealized loss in marketable equity securities in Q1 2024, compared to an unrealized gain in Q1 2023[16](index=16&type=chunk) [Same-Store Results](index=4&type=section&id=Same-Store%20Results) Same-store revenues were flat in Q1 2024, but a 9.8% cost increase led to a 5.7% NOI decrease, despite a 3.4 p.p. occupancy rise Same-Store Financial Performance | Same-Store Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | Revenues | $3.0 million | $3.0 million | 0.0% | | Cost of Operations | $1.2 million | $1.1 million | +9.8% | | Net Operating Income (NOI) | $1.8 million | $1.9 million | -5.7% | Same-Store Operational Metrics | Same-Store Operational Metric | March 31, 2024 | March 31, 2023 | | :--- | :--- | :--- | | Occupancy | 91.3% | 87.9% | | Average Tenant Duration | ~3.3 years | ~3.4 years | [Operating Results and Non-GAAP Measures](index=5&type=section&id=Operating%20Results%20and%20Non-GAAP%20Measures) Q1 2024 saw FFO decrease 18.3% to $0.8 million and AFFO decrease 14.7% to $0.9 million, reflecting increased operating and G&A expenses Non-GAAP Financial Performance | Non-GAAP Metric | Q1 2024 | Q1 2023 | Change | | :--- | :--- | :--- | :--- | | FFO | $0.8 million | $1.0 million | -18.3% | | FFO per diluted share | $0.08 | $0.09 | -11.1% | | AFFO | $0.9 million | $1.1 million | -14.7% | | AFFO per diluted share | $0.08 | $0.10 | -20.0% | - General and administrative expenses increased to **$803,000** from **$680,000** in the same period last year[22](index=22&type=chunk) - Interest expense decreased to **$205,000** from **$236,000**, primarily due to changes in the fair value of the company's interest rate cap[23](index=23&type=chunk) [Company Strategy and Outlook](index=3&type=section&id=Company%20Strategy%20and%20Outlook) The company aims to increase stockholder value through strategic acquisitions, joint ventures, and property expansions, guided by board review of key metrics and capital structure - The company's main objective is to increase stockholder value over time by executing its strategic business plan[5](index=5&type=chunk) - The strategic plan includes funding acquisitions, either directly or through joint ventures, and pursuing expansion projects at existing properties[5](index=5&type=chunk) - The report contains forward-looking statements concerning the company's plans, objectives, and future performance, which are subject to risks and uncertainties[35](index=35&type=chunk) [Financial Statements](index=8&type=section&id=Financial%20Statements) This section presents the consolidated balance sheets, statements of operations, and reconciliation of GAAP net income to same-store net operating income for Q1 2024 [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2024, total assets were $66.1 million, slightly down from year-end 2023, with net real estate assets at $55.1 million, and total stockholders' equity at $47.8 million Consolidated Balance Sheet Summary | Balance Sheet Item | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Total Assets | $66,083,519 | $66,879,204 | | Total Liabilities | $18,308,906 | $18,633,177 | | Total Stockholders' Equity | $47,774,613 | $48,246,027 | [Consolidated Statements of Operations and Comprehensive Income](index=9&type=section&id=Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Q1 2024 saw flat revenues of $3.03 million, rising expenses to $2.44 million, and a significant net income decrease to $266,150, largely due to an unrealized securities loss Consolidated Income Statement Summary | Income Statement Item | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Total Revenues | $3,034,040 | $3,037,952 | | Total Expenses | $2,443,046 | $2,213,139 | | Operating Income | $590,994 | $824,813 | | Net Income | $266,150 | $992,541 | | Diluted EPS | $0.02 | $0.09 | [Reconciliation of GAAP Net Income to Same-Store Net Operating Income](index=9&type=section&id=Reconciliation%20of%20GAAP%20Net%20Income%20to%20Same-Store%20Net%20Operating%20Income) This section reconciles GAAP Net Income to Same-Store NOI, showing a Q1 2024 Same-Store NOI of **$1,786,195**, a decrease from Q1 2023, derived from same-store revenues and costs GAAP Net Income to Same-Store NOI Reconciliation | Reconciliation Item | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Income | $266,150 | $992,541 | | Adjustments (G&A, D&A, Interest, etc.) | $1,519,045 | $902,263 | | **Total Same-Store NOI** | **$1,786,195** | **$1,894,804** | [Appendix: Non-GAAP Financial Measures and Definitions](index=6&type=section&id=Appendix%3A%20Non-GAAP%20Financial%20Measures%20and%20Definitions) This appendix defines key non-GAAP measures: FFO (per NAREIT, excluding unrealized gains/losses), AFFO (FFO adjusted for non-recurring items), and NOI (store-level performance), clarifying the same-store portfolio - Funds from Operations (FFO) is a non-GAAP measure defined by NAREIT as net income, excluding gains/losses from property sales and adding back real estate depreciation, with the company also excluding unrealized gains/losses on marketable equity securities[29](index=29&type=chunk) - Adjusted FFO (AFFO) is FFO excluding effects of stock-based compensation, business development, and other non-recurring items to better reflect ongoing operating results[30](index=30&type=chunk) - Net Operating Income (NOI) is defined as net store earnings before general and administrative expenses, interest, taxes, depreciation, and amortization, and is used to evaluate property-level performance[31](index=31&type=chunk) - The same-store portfolio consists of stabilized properties owned and operated throughout the entire comparable periods, with all twelve owned properties classified as same-store as of March 31, 2024[33](index=33&type=chunk)
Global Self Storage(SELF) - 2024 Q1 - Quarterly Report
2024-05-10 20:00
[PART I – FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited).) Unaudited Q1 2024 statements show decreased assets, equity, and net income, primarily due to unrealized losses and higher operating expenses Consolidated Balance Sheet Summary (Unaudited) | Account | March 31, 2024 ($) | December 31, 2023 ($) | | :--- | :--- | :--- | | Total Assets | $66,083,519 | $66,879,204 | | Total Liabilities | $18,308,906 | $18,633,177 | | Total Stockholders' Equity | $47,774,613 | $48,246,027 | Consolidated Statement of Operations Summary (Unaudited) | Account | Three Months Ended March 31, 2024 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Total Revenues | $3,034,040 | $3,037,952 | | Total Expenses | $2,443,046 | $2,213,139 | | Operating Income | $590,994 | $824,813 | | Net Income | $266,150 | $992,541 | | Diluted EPS | $0.02 | $0.09 | Consolidated Statement of Cash Flows Summary (Unaudited) | Account | Three Months Ended March 31, 2024 ($) | Three Months Ended March 31, 2023 ($) | | :--- | :--- | :--- | | Net cash provided by operating activities | $797,013 | $1,003,745 | | Net cash used in investing activities | ($10,071) | ($109,609) | | Net cash used in financing activities | ($949,248) | ($940,870) | - As of March 31, 2024, the company owned and/or managed **13 self-storage properties** across **eight states**: Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma[27](index=27&type=chunk) - The company maintained a quarterly dividend of **$0.0725 per share** for the three months ended March 31, 2024, consistent with the same period in 2023[83](index=83&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses flat revenues, a 10.4% rise in operating expenses, a 28.3% drop in operating income, and a 5.7% decrease in same-store NOI, with the revolving credit line maturing in July 2024 - Total revenues for Q1 2024 were **$3,034,040**, a slight **0.1% decrease** from Q1 2023, mainly due to a **0.4% drop** in rental income, partially offset by increased occupancy and existing tenant rate hikes[120](index=120&type=chunk) - Total operating expenses rose **10.4% year-over-year** to **$2,443,046**, driven by a **9.8% increase** in store operating expenses and an **18.1% increase** in general and administrative expenses[124](index=124&type=chunk)[126](index=126&type=chunk) - As of March 31, 2024, the company had approximately **$24.0 million** in capital resources, consisting of **$6.9 million** in cash, **$2.6 million** in marketable securities, and **$14.5 million** available on its revolving line of credit, which matures on **July 6, 2024**[118](index=118&type=chunk) Same-Store Operating Results (Q1 2024 vs Q1 2023) | Metric | Q1 2024 ($) | Q1 2023 ($) | % Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $3,017,311 | $3,016,141 | 0.0% | | Cost of operations | $1,231,116 | $1,121,337 | 9.8% | | Net operating income (NOI) | $1,786,195 | $1,894,804 | -5.7% | | Occupancy at period end | 91.3% | 87.9% | 3.9% | FFO and AFFO Reconciliation (Q1 2024 vs Q1 2023) | Metric | Q1 2024 ($) | Q1 2023 ($) | | :--- | :--- | :--- | | Net Income | $266,150 | $992,541 | | FFO attributable to common stockholders | $847,953 | $1,037,332 | | AFFO attributable to common stockholders | $921,232 | $1,080,368 | | FFO per share - diluted | $0.08 | $0.09 | | AFFO per share - diluted | $0.08 | $0.10 | [Quantitative and Qualitative Disclosures About Market Risk](index=30&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company reports no applicable quantitative or qualitative disclosures regarding market risk for this period - The company stated that there are no quantitative and qualitative disclosures about market risk to report for this period[181](index=181&type=chunk) [Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - Based on an evaluation as of the end of the period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[184](index=184&type=chunk) - There were no changes in internal control over financial reporting during the most recent quarter that have materially affected, or are reasonably likely to materially affect, these controls[186](index=186&type=chunk) [PART II – OTHER INFORMATION](index=32&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings.) The company reports no material pending legal proceedings involving itself or its subsidiaries - The Company currently does not have any material pending legal proceedings[188](index=188&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to risk factors have occurred since the December 31, 2023, Annual Report on Form 10-K - There are no material changes to the risk factors previously disclosed in the company's annual report on Form 10-K for the fiscal year ended December 31, 2023[189](index=189&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) The company reported no unregistered sales of equity securities during the period - None reported for the period[190](index=190&type=chunk) [Defaults Upon Senior Securities](index=32&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reported no defaults upon senior securities during the period - None reported for the period[191](index=191&type=chunk) [Mine Safety Disclosures](index=32&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This item is not applicable to the company - Not applicable[192](index=192&type=chunk) [Other Information](index=32&type=section&id=Item%205.%20Other%20Information.) The company reported no other information for the period - None reported for the period[193](index=193&type=chunk) [Exhibits](index=32&type=section&id=Item%206.%20Exhibits.) This section lists exhibits, including CEO/CFO certifications and Inline XBRL data files, filed with Form 10-Q - The report includes certifications from the CEO and CFO as required by the Sarbanes-Oxley Act of 2002, as well as financial statements formatted in Inline XBRL[196](index=196&type=chunk)
Global Self Storage(SELF) - 2023 Q4 - Annual Results
2024-03-26 20:10
Financial Performance - Total revenues for the full year 2023 increased 2.1% to $12.2 million from $11.9 million in 2022, primarily due to the company's revenue rate management program[27] - Net income for the full year 2023 increased to $2.9 million or $0.26 per diluted share, up from $2.1 million or $0.19 per diluted share in 2022[29] - Same-store revenues for the full year 2023 increased 2.1% to $12.1 million from $11.9 million in 2022, driven by increased existing tenant rates[30] - Net income for Q4 2023 was $1,097,400, compared to $440,451 in Q4 2022, representing a significant increase of 149.4%[38] - Total revenues for the year ended December 31, 2023, were $12,190,715, an increase from $11,944,850 in 2022, marking a growth of 2.1%[52] - Basic earnings per share for Q4 2023 were $0.10, up from $0.04 in Q4 2022[53] Occupancy and Tenant Metrics - Same-store occupancy at December 31, 2023 was 89.3%, a slight decrease from 89.6% at December 31, 2022, but increased to 92.1% as of March 15, 2024[22] - Same-store average tenant duration of stay increased to approximately 3.4 years at December 31, 2023, up from approximately 3.3 years at December 31, 2022[22] Funds from Operations - Funds from operations (FFO) for the full year 2023 decreased 7.2% to $4.2 million or $0.38 per diluted share from $4.5 million or $0.41 per diluted share in 2022[35] - Adjusted funds from operations (AFFO) for the full year 2023 decreased 6.9% to $4.4 million or $0.40 per diluted share from $4.7 million or $0.43 per diluted share in 2022[36] - Funds from Operations (FFO) attributable to common stockholders for Q4 2023 was $932,678, down from $1,072,492 in Q4 2022, a decrease of 13.0%[38] - Adjusted Funds from Operations (AFFO) attributable to common stockholders for Q4 2023 was $1,014,930, compared to $1,116,933 in Q4 2022, reflecting a decrease of 9.1%[38] Operating Expenses - Total operating expenses for the full year 2023 increased 7.9% to $9.1 million compared to $8.4 million in 2022, primarily due to increased store level expenses and general and administrative expenses[28] - Total expenses for the year increased to $9,079,462 in 2023 from $8,417,660 in 2022, marking an increase of approximately 7.8%[53] - General and administrative expenses for the year ended December 31, 2023, were $2,876,300, up from $2,580,899 in 2022, an increase of 11.5%[52] Asset and Shareholder Information - The company reported total assets of $66,879,204 as of December 31, 2023, a decrease from $67,382,752 in 2022, representing a decline of 0.7%[51] - The weighted average shares outstanding - diluted increased to 11,096,619 in Q4 2023 from 11,071,042 in Q4 2022, an increase of 0.2%[38] - The company’s accumulated deficit increased to $(1,094,528) as of December 31, 2023, compared to $(801,689) in 2022, indicating a worsening of 36.5%[51] Dividend Information - The company maintained a quarterly dividend of $0.0725 per common share, consistent with the previous year and quarter[5] Strategic Initiatives - The company is actively pursuing potential self-storage property acquisitions in select regions across the United States, supported by its robust financial position[14] Market Performance - Rental income for Q4 2023 was $2,861,319, slightly down from $2,943,291 in Q4 2022, a decrease of 2.8%[52] - Total same-store net operating income for Q4 2023 was $1,785,450, down from $1,921,458 in Q4 2022, indicating a decline of approximately 7.1%[54] - Same-store revenues for Q4 2023 were $2,960,108, a decrease from $3,037,160 in Q4 2022, reflecting a decline of about 2.5%[54] - Operating income for the year was $3,111,253, down from $3,527,190 in 2022, representing a decrease of around 11.8%[53] - Dividend and interest income rose to $265,046 in 2023 from $120,575 in 2022, showing an increase of approximately 120%[53] - Unrealized gains on marketable equity securities improved to $408,876 in 2023, compared to a loss of $(1,117,029) in 2022[53] - The company operates 13 self-storage properties across multiple states, focusing on affordable and secure storage solutions for customers[40]
Global Self Storage(SELF) - 2023 Q4 - Annual Report
2024-03-26 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...
Global Self Storage(SELF) - 2023 Q3 - Quarterly Report
2023-11-13 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (State or other jurisdiction of incorporation or ...
Global Self Storage(SELF) - 2023 Q2 - Quarterly Report
2023-08-11 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (Exact name of registrant as specified in its charter) ...
Global Self Storage(SELF) - 2023 Q1 - Quarterly Report
2023-05-09 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (Exact name of registrant as specified in its charter ...
Global Self Storage(SELF) - 2022 Q4 - Annual Report
2023-03-28 21:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (Exact name of registrant as specified in its charter) Maryland 13-3926714 (State or other jurisdict ...
Global Self Storage(SELF) - 2022 Q3 - Quarterly Report
2022-11-10 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-12681 GLOBAL SELF STORAGE, INC. (Exact name of registrant as specified in its cha ...
Global Self Storage(SELF) - 2022 Q2 - Quarterly Report
2022-08-10 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (Name, address, including zip code, and telephone number, including area code, of agent for service) Securities registered pursuant to Section 12(b) of the Act: For the transition period fro ...