November 5, 2021

1 Min Read
Sentry Self Storage Management Reports 3Q 2021 Financial Results

Sentry Self Storage Management, a third-party management and consulting firm for self-storage operations, released its third-quarter 2021 operating results, showing year-over-year improvement in revenue and net operating income (NOI). The company reported total revenue growth of 35% and 23% for NOI, according to a press release.

Same-store revenue grew by 18%, and reduced operating expenses drove NOI to a 19% year-over-year same-store increase. Occupancy at Sentry-operated properties was 93 percent as of Sept. 30, the release stated.

Expansions are in progress at three Florida facilities in Boca Raton, Orlando and Tampa, all slated to be complete next year. Sentry is also in the planning phases for three new stores in Cumming and East Boca Raton, Florida, that’ll open in 2022, and in St. Lucie County, Florida, with an anticipated opening date in early 2023.

Based in Coral Springs, Fla., and founded in 1997, Sentry owns or manages 23 self-storage facilities comprising 1.7 million net rentable square feet. In addition to consulting and property management, the company offers assistance with acquisitions, development, project feasibility and renovations.

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