SAM Reports First-Quarter 2026 Same-Store Results
Platform Expansion Continues as Same-Store Portfolio Delivers Steady Growth
Storage Asset Management (“SAM”) reported first-quarter 2026 same-store operating results, reflecting continued revenue growth and disciplined expense management across its managed portfolio.
Q1 2026 Same-Store Highlights
- Same-store revenue growth of 2.1% year-over-year
- Same-store net operating income (NOI) growth of 1.8% year-over-year
- 14 new stores added to the management platform during the quarter
Management Commentary
“Our first quarter results reflect a resilient same-store portfolio in a competitive operating environment,” said Alyssa Quill, CEO of SAM. “Revenue growth of 2.1% demonstrates the strength of our pricing and marketing strategies, as well as the team’s ability to service customers effectively. We remain focused on delivering consistent performance for the owners who trust us to manage their assets.”
Same-Store Portfolio Performance
Same-store revenue increased 2.1% compared to the first quarter of 2025, driven by rate optimization and steady demand across core markets. Square foot occupancy increased by 0.5% and actual achieved rate per square foot increased 2.1%.
Same-store NOI grew 1.8%, reflecting revenue gains, partially offset by normal operating costs. Increases in operating expenses due to snow removal and utilities were offset by reductions in insurance, advertising, and payroll.
Platform Growth
SAM added 14 facilities to its third-party management platform during Q1 2026, bringing total managed properties to over 580 stores in 38 states.
SAM Same-Store Pool
*SAM’s same-store pools for the periods presented consist of stores that were stabilized by the first day of the prior year. 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 has a substantial change 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. The 2026 same-store pool includes 387 storage properties.
About SAM
Storage Asset Management (SAM) is a York, PA based self storage property management company. SAM is the third largest third-party self storage management company in the United States and the largest privately owned self storage management company. For more information, please visit www.storageassetmanagement.com.