Self-Storage Management Firm ASM Reports Financial Results for 2Q and 1H 2021

August 24, 2021

1 Min Read
Self-Storage Management Firm ASM Reports Financial Results for 2Q and 1H 2021

Absolute Storage Management (ASM), a self-storage owner and property-management firm, has announced its operating results for the second quarter and first half of 2021. The company increased same-store revenue by 15.7% during the quarter and 12.2% for the first six months compared to the same periods last year, according to a press release. It also increased unit occupancy by 6.7% during the first six months compared to 2020, ending the period at 94.1%.

ASM gained six management contracts during the quarter. Three are for operating facilities, while the other half are for properties under construction. The sites are Clemson Climate Storage in Pendleton, South Carolina; One Stop Storage in Toledo, Ohio; Pumpkin Center Boat & RV Parking in Hammond, Louisiana; River Rock Storage in Gastonia, North Carolina; Wilson Road Storage in Sanford, North Carolina; and Woodruff Storage Lakeside Village in Midland, Georgia.

“We are excited about our performance for both the second quarter and the first half of the year,” said CEO Scott Beatty. “Our team has done a fantastic job in serving our customers in this trying time, and we are looking forward to a strong second half of the year.”

Founded in 2002, ASM operates 137 properties in 17 states. Headquartered in Memphis, Tenn., it has regional offices in Atlanta; Charlotte, North Carolina; Jackson, Mississippi; and Nashville, Tennessee.

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