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Self-Storage Operator Tuxis Corp. Reports 3Q 2013 Financial Results


Tuxis Corp., which operates self-storage facilities in Connecticut and New York, reported its financial results for the third quarter ended Sept. 30. The company recorded a net loss of $1,183 or $0.00 per share for the quarter, an improvement from a year ago when is had a net loss of $21,288 or $0.02 per share. Revenue from rental income was $121,218 during the quarter, up from $117,256 last year.

Tuxis recorded a net loss of $78,067, $0.07 per share, for the nine months ended Sept. 30 compared to a net loss of $312,247, $0.28 per share, for the same period a year ago. Revenue from rental income was $357,708 for the nine-month period, up from $351,349 last year.

The company's primary source of revenue comes from unit rentals at its two Tuxis Self Storage facilities. Its facility at Heritage Park in Clinton, Conn., is comprised of 184 units. The location at Millbrook Commons in Millbrook, N.Y., is a mixed-use facility comprised of 141 climate-controlled units and office/retail space.


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