17 February 2022

SAM Announces 2021 Results

Storage Asset Management (SAM), the largest privately owned self-storage third party management firm, announced its same store* results for the year ending December 31, 2021.

Results and Highlights for 2021

Management Numbers, as of December 31, 2021
  • Managed 442 self-storage locations, including 105 unmanned locations
    • 110% increase in unmanned locations from 2020
  • Began managing industrial/flex space parks, ending the year with two of these locations under management
  • The self-storage locations encompassed 26,736,537 square feet of storage and 181,131 storage units
  • Operated self-storage facilities in 34 states
  • Employed 712 teammates
    • A 29% increase from 2020
Same Store Results
  • Increased Same-Store Revenue by 18.3% over 2020
  • Grew Net Operating Income by 26.6% over 2020
  • SAM’s managed stores collected 11,370 online reviews
    • 95% of those reviews were of positive sentiment

SAM’s storage experience, technology, and adaptability are the driving factors behind these outstanding results. SAM has a very strong team with the ability to focus on each individual facility, while using data and technology to make smart decisions and improve efficiencies. Storage Asset Management is a third-party management firm that specializes in self-storage.

*SAM’s same-store pool for the period consists of 151 stores that were stabilized by Jan 1, 2021. SAM considers a store to be stabilized once it has been open for three years or has sustained average square foot occupancy of 80.0% or more for one calendar year. If a property reduces 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.

SAM annual results 2021