Storage Asset Management (SAM) reported second-quarter 2026 same-store operating results, highlighting continued revenue growth and disciplined expense management across its managed portfolio.
For the year through the second quarter, SAM reported same-store revenue growth of 2.8% year-over-year and same-store net operating income (NOI) growth of 2.6% year-over-year. The company also added 46 new stores to its management platform year-to-date through Q2 and ranked third on the ISS Top Operators List for Facility Management Companies.
SAM attributed the performance to a combination of data-driven systems, established processes and strategies tailored to individual facilities and markets.
"Results don't happen by chance. They happen through experienced teams, proven processes, and hands-on management," said Alyssa Quill, CEO of SAM. "Our year-to-date performance demonstrates this philosophy in action. While we maintain industry-leading systems and data analytics, we choose not to apply a one-size-fits-all approach. We tailor our strategies to each facility's market dynamics, competitive position, and owner objectives.”
Quill added that SAM's ranking on the ISS Top Operators List reflects the scale of its management platform, while emphasizing the company's focus on aligning its interests with those of its owners.
"Being recognized as the #3 facility management company on the ISS Top Operators List reflects the scale and strength of our platform. But our real differentiator isn't size, it's our ownership mentality. We succeed only when our owners succeed, and that requires the kind of localized expertise and accountability that defines SAM."
Platform Growth
SAM added 46 facilities to its third-party management platform during Q1 and Q2 2026, bringing its total managed portfolio to 634 stores in 38 states.
The company said the expansion reflects continued demand for its ownership-aligned management approach, which combines centralized systems and analytics with facility-level strategies.
Same-Store Pool
SAM's same-store pools for the periods presented consist of stores that were stabilized by the first day of the prior year. SAM considers a store stabilized once it has been open for three years or has sustained average square foot occupancy of 80.0% or more for one calendar year.
If a property undergoes a substantial change in size, it is removed from the same-store pool until the beginning of the calendar year at least 12 months from the date of the change.
The 2026 same-store pool includes 302 storage properties.