Sentry Self Storage Management Reports First Quarter 2017 Financial Results

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Net Operating Income and Occupancy have both increased as compared to the first quarter of 2016.

Sentry Self Storage Management has announced operating results for the first quarter ended March 31, 2017.

Key Highlights:

  • Revenue growth of 7.1% and a 1.3% increase in property expenses drove Net Operating Income (“NOI”) to increase by 9.1% year over year.
  • Occupancy at the end of the first quarter was 90.2%, which is an increase of 40 basis points compared to the same quarter of 2016.
  • Third Party Management and Company Owned facilities portfolio includes 26 facilities containing over 2.2 million net rentable square feet.
  • During the 1st quarter, one new management contract came on board in Tampa, Florida.
  • Development and conversion activities include deals in Deerfield Beach, FL 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. Sentry has its finger on the pulse of the industry, for more information, please visit us at http://www.sentry-selfstorage.com or call (954) 346-2330.

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Rick Yonis
@SentryMgmt
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