CORAL SPRINGS, Fla., Oct. 31, 2019 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the third quarter ended September 30, 2019.
Key Highlights:
- Revenue growth of 4% and a 5% decrease in property expenses drove Net Operating Income ("NOI") to increase by 9% year over year.
- Occupancy at the end of the third quarter was 89%, which is an increase of 340 basis points quarter over quarter.
- Third Party Management and Company Owned facilities portfolio includes 23 facilities containing 1.7M net rentable square feet.
- Sentry Self Storage's newest flagship property, Sentry Hollywood, is poised to open in the fourth quarter, bringing 83k of climate controlled storage to market.
- Expansion is in process at two properties; Boca Raton, Florida, and Tampa, Florida with anticipated completion dates in 2020.
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) 228-4611.
SOURCE Sentry Self Storage Management
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