Coral Springs, Florida (PRWEB) October 31, 2016
Sentry Self Storage Management has announced operating results for the third quarter ended September 30, 2016.
•Revenue growth of 7.7% and a 0.9% decrease in property expenses drove Net Operating Income (“NOI”) to increase by 10.1% year over year.
•Occupancy at the end of the quarter was 91.5%, which is an increase of 50 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.
•During the 3rd quarter, expansion buildings for two properties were opened. Ruskin, FL was expanded by 12,000 square feet and Taylors, SC expanded by 15,000 square feet. Both expansions are 100% climate controlled.
•Development and conversion activities include deals in Deerfield Beach, FL, North Haven, CT, and Hollywood, FL.
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.