Sentry Self Storage Management Reports Second Quarter 2021 Financial Results

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CORAL SPRINGS, Fla., July 29, 2021 /PRNewswire-PRWeb/ --Sentry Self Storage Management has announced operating results for the second quarter, ending on June 30th, 2021.

Metadata

Provider:

PR Newswire

Retrieved on:

Thursday, July 29, 2021

Information

Tags:

Coral Springs, Florida, Self storage

Geotags:

Florida, BOCA RATON, CUMMING, ORLANDO, GEORGIA, UNITED STATES, TAMPA, FLA

Organisation:

SENTRY SELF STORAGE MANAGEMENT

Website:

http://www.sentry-selfstorage.com

Summary

Key Points:

CORAL SPRINGS, Fla., July 29, 2021 /PRNewswire-PRWeb/ --Sentry Self Storage Management has announced operating results for the second quarter, ending on June 30th, 2021.
Quarter over quarter, revenue grew by 6%, operating expenses were slightly elevated, and net operating income increased by 5.5%.
Third Party Management and Company Owned facilities portfolio includes 24 facilities containing 1.8M net rentable square feet.
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.

Sentry Self Storage Management Reports Second Quarter 2021 Financial Results

CORAL SPRINGS, Fla., July 29, 2021 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the second quarter, ending on June 30th, 2021.

Key Highlights:

Same store revenue growth of 16%, and flat operating expenses drove net operating income (NOI) to a 17% year over year increase.
Quarter over quarter, revenue grew by 6%, operating expenses were slightly elevated, and net operating income increased by 5.5%.
Portfolio occupancy held steady at 93%.
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 in the planning phases for two new stores, one in East Boca Raton, Florida. The other store is located in Cumming, Georgia. Both locations have anticipated completion dates in 2022.

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 Management, +1 954-341-4940 Ext: 1, [email protected]

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SOURCE Sentry Self Storage Management