Storage Asset Management Announces 2018 Annual Results

Storage Asset Management (SAM), the sixth largest self storage management company in the United States and based in York, Pennsylvania, recently announced its 2018 results for their managed stores. These annual results are for same-stores, comparing 2017 to 2018.

In 2018, SAM increased its same store revenue by 7.1 percent and net operating income by 6.5 percent.

Each year, SAM compares its results to the industry's five publicly traded self storage REITs - CubeSmart, Extra Space Storage, Life Storage, Public Storage, and National Storage Affiliates Trust.

SAM outperformed all five of the self storage REITs by over two percent in same-store revenue and one percent in net operating income.

SAM’s 2018 Management Portfolio included:

• 149 self storage facilities in 24 states, operating under 60 brands
• 72,504 storage units, encompassing 10,193,881 net rentable square feet
• 336 total employees

Managed Stores:

• Grew same-store occupancy by 2.3%
• Collected over $63 million in revenue
• Moved in over 58,400 tenants, including 1,481 complete online rentals
• Collected 2,601 reviews, with an average 4.6 star rating

“We are very proud of our 2018 results. Our proven strategies and hard-working team have exponentially increased the number of managed stores, while maintaining our high standard for all our managed stores to yield another fantastic year.”

-Alyssa Quill, CEO and managing partner, Storage Asset Management

In 2018, SAM was again the largest privately owned self storage management company and ranked number six overall in number total square feet under management. SAM was also selected as Inside Self Storage’s Best Operational Consulting company in the ISS Best of Business awards for the second year in a row.