Sentry Self Storage Management Reports Second Quarter 2016 Financial Results

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Net Operating Income and Occupancy have both increased as compared to the second quarter of 2015.

Sentry Self Storage Management has announced operating results for the second quarter ended June 30, 2016.

Key Highlights:

  • Revenue growth of 7.9% and a 1.1% decrease in property expenses drove Net Operating Income (“NOI”) to increase by 11.8% year over year.
  • Occupancy at the end of the quarter was 91.8%, which is an increase of 70 basis points compared to the same quarter of 2015.
  • Third Party Management and Company Owned facilities portfolio includes 25 facilities containing over 2.1 million net rentable square feet.
  • Development and conversion activities include deals in Deerfield Beach, FL and North Haven, CT.

Sentry Self Storage was founded in 1997 to provide the self-storage industry with state-of-the-art, consumer friendly, secure and convenient locations throughout the United States. We offer a full spectrum of services and a wealth of experience and knowledge to deliver maximum property results.

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Rick Yonis
since: 03/2014
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