Memphis, TN, August 28, 2019 --(PR.com
)-- 2019 Highlights for Three Months Ended June 30, 2019:
Increased same-store revenue by 2.5% vs. the same period in 2018.
Reported Same-Store Net Operating Income ("NOI") increase of 3.1% compared to the same period in 2018.
Acquired three (3) management contracts: one (1) operating facility and two (2) facilities at the completion of construction.
2019 Highlights for Six Months Ended June 30,2019:
Increased same-store revenue by 2.8% vs. the same period in 2018.
Ended the time period with 90.7% Square Ft. Occupancy compared to 91.2% same period in 2018.
Added gross of 10 stores to third-party management portfolio.
ASM’s 2019 same store pool consists of 68 stabilized properties managed since January 1, 2018. The income growth that these properties displayed is a direct result of ASM’s expertise in revenue and occupancy management, and the overall NOI growth is aided by consistent expense monitoring and economies of scale.
“Our adaptive and locally focused team continues to produce outstanding results, even in increasingly competitive markets. Our team has done a phenomenal job.” - Scott Beatty, CEO.
ASM actively manages 131 properties in 14 states. Over the three-month quarter ending June 30, 2019, ASM gained management of the following properties: Pelham Road Self Storage in Greenville, SC; Canton Storage in Canton, GA; and Old Ellis Storage in Roswell, GA.