Storage Asset Management is proud to announce their results from the first six months of 2020. Despite the economic environment and current conditions, SAM’s managed stores were able to produce great results from January – June 2020. SAM has increased same store revenue over the prior year by 3% and net operating income by 4.8% for same-stores*. Although SAM is a private company, the organization compares their results to the results released by the publicly traded self storage operators, and SAM was able to outperform all in the first six months of 2020.
To add to these remarkable results, SAM has also been named the 5th largest facility management company in the industry by Inside Self Storage, and still the largest privately owned facility management company. SAM currently manages 250 locations in 31 states and has over 500 employees.
SAM attributes their outstanding performance year to date to a very strong team with the ability to focus on doing what is best for each individual facility.
*SAM’s same-store pool for the period consists of 110 stores that were stabilized by January 1, 2019. SAM considers a store to be stabilized once it has been open for three years or has sustained average square foot occupancy of 80% or more for one calendar year. If a property changes in size, it is removed from the same store pool until the beginning of the calendar year at least 12 months from the date of change.