{"id":319655,"date":"2026-08-12T17:44:22","date_gmt":"2026-08-12T17:44:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/319655\/"},"modified":"2026-08-12T17:44:22","modified_gmt":"2026-08-12T17:44:22","slug":"storagemart-and-manhattan-mini-storage-report-strong-second","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/319655\/","title":{"rendered":"StorageMart and Manhattan Mini Storage Report Strong Second"},"content":{"rendered":"

COLUMBIA, Mo., Aug. 12, 2026 (GLOBE NEWSWIRE) — 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<\/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

\u201cOur diversification strategy continues to pay off,\u201d said Burnam. \u201cOur 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:
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

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