Sentry Self Storage Management Reports Second Quarter 2018 Financial Results
CORAL SPRING, Fla. (PRWEB) August 06, 2018 -- Sentry Self Storage Management has announced operating results for the second quarter ended June 30, 2018.
Key Highlights:
- Revenue growth of 4.1% and a 2.7% increase in property expenses drove Net Operating Income (“NOI”) to increase by 4.9% year over year.
- Occupancy at the end of the fourth quarter was 90.7%, which is an increase of 10 basis points compared to the same quarter of 2017.
- Third Party Management and Company Owned facilities portfolio includes 27 facilities containing over 2.3 million net rentable square feet.
- Expansion is underway at two properties. Tampa and Lakeland Florida both to be completed in Q2 2019.
- Development deal in Hollywood, FL projected to open in Q2 2019.
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.
Rick Yonis, Sentry Self Storage Management, http://www.Sentry-SelfStorage.com, +1 954-346-2330, [email protected]
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