Storage Asset Management (SAM) Reports Q3 Revenue and NOI Growth

Storage Asset Management (SAM), a third-party self-storage management company, reported year-over-year growth in same-store revenue and net operating income (NOI) for the third quarter of 2026, while continuing to expand its management platform and invest in new technology.

Same-store revenue increased 2.5% compared with the third quarter of 2025, while same-store NOI rose 1.1%, according to the company. For the first nine months of 2026, same-store revenue grew 2.6% year-over-year and NOI increased 2.2%. End-of-period occupancy was up 1.9% compared with Sept. 30, 2025.

SAM added 67 properties to its management portfolio through the first three quarters of the year, including 22 facilities during the third quarter alone. The additions brought the company's managed portfolio to 607 properties across 39 states and Washington, D.C. The expansion also marked SAM's entry into Wyoming with its first managed facility in the state.

"We're honored to steward our owners' investments, and we believe transparency is essential to building strong partnerships," said Alyssa Quill, CEO of SAM. "Our ownership mentality means we approach every property with the same commitment to performance as if it were our own. As we continue to invest in new capabilities, our focus remains on developing strategies that reflect each facility's unique needs and deliver meaningful results for our owners."

The company's 2026 same-store pool includes 372 properties. SAM defines stabilized facilities as those that have been open for at least three years or have maintained average square-foot occupancy of 80% or higher for one calendar year. Properties undergoing substantial changes in size are removed from the pool until at least 12 months after the change, at the beginning of the following calendar year.

Alongside its portfolio expansion, SAM is undertaking a broad technology and operational transformation. Initiatives include developing a custom-built command center, expanding artificial intelligence-enabled tools and enhancing machine learning capabilities across its portfolio of more than 600 properties. The investments are intended to improve data utilization, streamline operations, enhance the customer experience and provide employees with additional tools to support decision-making.

SAM also reported several company initiatives during the quarter. In October, the company supported breast cancer research and awareness through a fundraising campaign benefiting the Susan G. Komen Foundation. Employees at SAM-managed facilities participated in the company-wide effort, with additional contributions made through payroll deductions. The campaign raised $6,002.17, which SAM supplemented with a contribution to bring the total donation to $10,000.

The company also launched a redesigned website, StorageAssetManagement.com. Developed internally by its marketing and information technology teams, the updated site features a refreshed design and improved user experience intended to better communicate the company's third-party management services and capabilities.

Based in York, Pa., SAM is the third-largest third-party self-storage management company in the United States and the nation's largest privately owned self-storage management company.