Sentry Self Storage Management Reports First Quarter 2023 Financial Results
Net Operating Income has increased as compared to the first quarter of 2022.
CORAL SPRINGS, Fla., May 15, 2023 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the first quarter, ending on March 31st, 2023.
Key Highlights:
- Same store revenue growth measured 5%, and net operating income (NOI) finished with a 9% year over year same store increase.
- Portfolio occupancy maintained levels in the mid to high 80% range.
- Third Party Management and Company Owned facilities portfolio includes 23 facilities containing 1.7M net rentable square feet.
- Storify Self Storage, located in Gainesville, GA, opened in the first quarter of 2023. Expansion is currently in progress at a property located in Boca Raton, Florida with an anticipated completion date in Q4 2023.
- Sentry has one facility currently under construction in East Boca Raton, Florida, with an anticipated completion date also in 2023.
- Sentry is also in the planning phase for one new store located in St. Lucie County, Florida, which has an anticipated opening date in 2024.
Sentry Self Storage Management 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 additional information, please visit us at http://www.sentry-selfstorage.com or call (954) 228-4611.
Media Contact
Scott McLaughlin, Sentry Self Storage, 1 954-341-4940 Ext: 1, [email protected]
SOURCE Sentry Self Storage
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