31.9 F
New York
Friday, December 2, 2022

Date:

Share:

Absolute Storage Management Reports 2022 Third Quarter Results

Related Articles

Sqwire Partners with North Carolina Wesleyan University to Provide Financial Education to Students

Norfolk, VA, November 30, 2022 --(PR.com)-- Sqwire is excited to announce the launch of its pilot program for college students in partnership with North Carolina...

Digital Asset Research (DAR) Announces Five Crypto Exchange Vetting Best Practice Areas

New York, NY, November 30, 2022 --(PR.com)-- Digital Asset Research (DAR), an industry-leader in cryptocurrency exchange vetting, today announced five best practice areas that institutions...
Memphis, TN, October 26, 2022 –(PR.com)– Absolute Storage Management (Absolute), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three and nine months ended September 30, 2022.

2022 Highlights for Three Months Ended September 30, 2022:
· Increased same-store revenue by 12.5% compared to the same period in 2021.
· Acquired eight (8) management contracts: seven (7) operating facilities, some from previous REIT management, one (1) facility at the completion of construction.

2022 Highlights for Nine Months Ended September 30, 2022:
· Increased same-store revenue by 16.0% vs. the same period in 2021.
· Increased achieved rent per occupied unit by 19.3% over the same period in 2021.
· Maintained stable rental concessions over the same period in 2021.
· Added twenty-eight (28) stores to third-party management portfolio.

CEO, Scott Beatty, is quoted saying,…

Read more…

Popular Articles