<\/p>\n <\/a><\/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 Get the latest news Sign up for The Manila Times newsletters<\/p>\n By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service<\/a> and Privacy Policy<\/a>.<\/p>\n “Our diversification strategy continues to pay off,\u201d 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.\u201d<\/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:<\/p>\n Herby Bowman<\/p>\n![\"No](\"https:\/\/manilatimes.net\/manilatimes\/uploads\/images\/2026\/08\/12\/1174401.jpg\")
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