Sentry Self Storage Management Reports Fourth Quarter 2022 Financial Results

News provided by

Sentry Self Storage

Mar 06, 2023, 03:00 ET

Net Operating Income has increased as compared to the fourth quarter of 2021.

CORAL SPRINGS, Fla., March 6, 2023 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the fourth quarter, ending on December 31st, 2022.

Key Highlights:

  • Same store revenue growth measured 17%, and net operating income (NOI) finished with a 21% 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.
  • Expansion is currently in progress at two properties, one located in Boca Raton, Florida, another in Tampa, Florida. Tampa has an anticipated completion date in Q1 2023, while the Boca Raton expansion's anticipated completion date is Q4 2023. Sentry has one facility currently under construction in East Boca Raton, Florida, with an anticipated completion date in 2023. Storify Self Storage, managed by Sentry, is set to have its grand opening in March of 2023 in Gainesville, Georgia. Lastly, Sentry is in the planning phase for one new store located in St. Lucie County, Florida, which also has an anticipated opening date in 2023.

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