Sentry Self Storage Management Reports Third Quarter 2020 Financial Results
Net Operating Income has increased as compared to the third quarter of 2019.
CORAL SPRINGS, Fla., Nov. 5, 2020 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the third quarter, ending on September 30, 2020.
Key Highlights:
- Revenue growth of 7%, and slightly elevated property expenses drove Net Operating Income (NOI) to a 4% year over year increase.
- Portfolio occupancy held steady at nearly 90%.
- 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.
SOURCE Sentry Self Storage Management
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