Sentry Self Storage Management Reports Fourth Quarter 2020 Financial Results

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Net Operating Income has increased as compared to the fourth quarter of 2019.

Sentry Self Storage Management has announced operating results for the fourth quarter, ending on December 31st, 2020.

Key Highlights:

  • Revenue growth of 9%, and slightly elevated property expenses drove net operating income (NOI) to a 6% year over year increase.
  • Quarter over quarter, revenue grew by 6%, operating expenses remained relatively flat, and net operating income increased by 8%.
  • Portfolio occupancy held steady at 89%.
  • Third Party Management and Company Owned facilities portfolio includes 24 facilities containing 1.8M net rentable square feet.
  • Expansion is currently in progress at three properties, one located in Boca Raton, Florida, another in Tampa, Florida, and a third in Orlando, Florida with anticipated completion dates in 2021. Sentry is also in the initial planning phases for a new store in East Boca Raton, Florida. Estimated completion is 2021.

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.

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Scott McLaughlin
@SentryMgmt
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