{"id":319485,"date":"2026-08-12T13:59:02","date_gmt":"2026-08-12T13:59:02","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/319485\/"},"modified":"2026-08-12T13:59:02","modified_gmt":"2026-08-12T13:59:02","slug":"storagemart-and-manhattan-mini-storage-report-strong-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/319485\/","title":{"rendered":"StorageMart and Manhattan Mini Storage Report Strong Second Quarter 2026 Results"},"content":{"rendered":"

\"StorageMart<\/a> StorageMart and Manhattan Mini Storage Third Party Management <\/p>\n

Same-Store NOI Growth of 5.0% Marks 14th Consecutive Quarter of Outperformance Versus Public REIT Peer Group <\/p>\n

COLUMBIA, Mo., Aug. 12, 2026 (GLOBE NEWSWIRE)<\/a> — StorageMart and Manhattan Mini Storage, the largest privately held company in the self storage industry, today announced strong operating results for the second quarter of 2026. <\/p>\n

\"storage<\/a> StorageMart and Manhattan Mini Storage report 14th consecutive quarter of outperformance for same-store NOI growth versus public REIT peer group. <\/p>\n

Healthy growth in asking rental rates helped drive same-store revenue growth of 4.2% for the quarter. At the same time, expense growth continued to moderate, with same-store operating expenses increasing 2.2%. The combination resulted in same-store net operating income (NOI) growth of 5.0% for the quarter. <\/p>\n

Cris Burnam, CEO of StorageMart, said the results mark the 14th consecutive quarter in which StorageMart has outpaced the average same-store NOI growth of the publicly traded self-storage REIT peer group. <\/p>\n

“Our diversification strategy continues to pay off,” said Burnam. “Our Midwestern and Northeastern portfolios performed particularly well during the second quarter and helped drive another quarter of strong same-store NOI growth. The Sunbelt continues to be a lag, but the strength and geographic diversity of our overall portfolio have allowed us to continue delivering solid results.” <\/p>\n

Burnam added that the company remains focused on increasing rental rates, maintaining disciplined expense management, and using its geographic diversification to generate consistent long-term performance. <\/p>\n

About StorageMart and Manhattan Mini Storage: <\/p>\n

StorageMart and Manhattan Mini Storage is the largest privately held company in the self storage industry with over $10 billion in assets under management, $8.5 billion of owned assets, 30 million square feet of storage space, and 370+ facilities worldwide. The company operates self storage properties throughout the United States, Canada, and the United Kingdom. For more information visit: https:\/\/www.storage-mart.com\/self-storage-management<\/a>. <\/p>\n

Contact:
Herby Bowman
Herby.Bowman@storage-mart.com<\/a> <\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e198d3be-3997-49de-9cc0-2b86e04938d3<\/a> <\/p>\n

This press release was published by a CLEAR\u00ae Verified individual. <\/p>\n","protected":false},"excerpt":{"rendered":"StorageMart and Manhattan Mini Storage Third Party Management Same-Store NOI Growth of 5.0% Marks 14th Consecutive Quarter of…\n","protected":false},"author":2,"featured_media":319486,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[120465,75,84,17921,83,9,24,63,120466,103379,7478,17920],"class_list":["post-319485","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-cris-burnam","tag-manhattan","tag-manhattan-headlines","tag-manhattan-mini-storage","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-operating-results","tag-privately-held-company","tag-revenue-growth","tag-storagemart"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/319485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=319485"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/319485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/319486"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=319485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=319485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=319485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}