Sentry Self Storage Management Reports Second Quarter 2020 Financial Results

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Sentry Self Storage Management Reports Second Quarter 2020 Financial Results

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

PR Newswire

CORAL SPRINGS, Fla., Aug. 10, 2020 /PRNewswire-PRWeb/ -- Sentry Self Storage Management has announced operating results for the second quarter, ending on June 30th, 2020.

Key Highlights:

  • Revenue growth of 5%, and maintaining flat property expenses, drove Net Operating Income (NOI) to a 7% year over year increase.
  • Portfolio occupancy held steady at 88%.
  • Third Party Management and Company Owned facilities portfolio includes 24 facilities containing 1.8M net rentable square feet.
  • Expansion is currently in progress at two properties, one located in Boca Raton, Florida, and the other in Tampa, Florida with anticipated completion dates in 2020. 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

Copyright CNW Group 2020

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