27 March 2023

SAM Announces 2022 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, 2022.

Results and Highlights for 2022

Management Numbers, as of December 31, 2022
  • Managed 538 self-storage locations, including 164 unmanned locations as well as 11 commercial/industrial properties
    • 56% increase in unmanned locations from 2021
  • The self-storage locations are located in 37 states and contain 211,997 storage units
  • Employed 875 teammates
    • A 23% increase from 2021
  • Grew same store Net Operating Income by 15.8% over 2021
  • Ended 2021 with $310,606,056 in Annualized Rent at self-storage locations
  • SAM’s managed stores collected 11,914 online reviews
    • The average rating for these reviews was 4.7 stars
  • 101 of SAM’s managed locations were awarded Reputation’s 800 Award
    • The distinguished award acknowledges enterprises that consistently deliver outstanding customer service and uphold a superior standard of customer satisfaction, evaluated through online reviews and ratings.

“We are really proud of our team.  Achieving 15.8% growth in NOI after achieving 26.6% NOI growth in 2021 was not easy.  Our teammates continue to live out our core values every day and it shows in these extraordinary results ,” said Alyssa Quill, SAM CEO.

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 utilize 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 149 stores that were stabilized by Jan 1, 2022. 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 2022 Results