Absolute Storage Management 1630 Bonnie Lane Suite 106 Memphis, TN 38016 AbsoluteMGMT.com
FOR IMMEDIATE RELEASE August 26, 2019
Absolute Storage Management Reports 2019 Second Quarter Results
MEMPHIS, Tennessee –Absolute Storage Management (ASM), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended June 30, 2019.
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
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. Out 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. Absolute Storage Management
Absolute Storage Management (ASM) is one of the largest private, third-party self-storage management company in the United States. Founded in 2002, ASM’s headquarters are in Memphis, TN with regional offices in Atlanta, GA; Charlotte, NC; Nashville, TN; and Jackson, MS. The company’s mission is to grow successful partnerships with customers, team members, and investors by delivering excellence in service.
For further information and news about Absolute Storage Management, please go to the ASM website at
www.absolutemgmt.com. Contact Jasmin Jones at firstname.lastname@example.org.