Second Quarter (Q2) Results for Absolute Storage Management
MEMPHIS, Tennessee – Absolute Storage Management (Absolute), a leading third-party management company serving self-storage owners across the United States, announced operating results for three- and six- month periods ended June 30, 2026.
Despite continued economic uncertainty and softer moving trends across the self-storage industry, Absolute maintained stable same-store performance while continuing to improve key operating metrics and expand its third-party management portfolio.
2026 Highlights for Three-Month Period Ending June 30, 2026:
- Same-store revenue decreased 0.2% and same-store expenses decreased by 6.1%, resulting in a same-store net operating income (NOI) increase of 3.2% vs the same period in 2025.
- Acquired three (3) management contracts for operating facilities.
2026 Highlights for Six-Month Period Ending June 30, 2026:
- Same-store revenue increased by 0.3% and same-store expenses decreased by 3.9%, resulting in a same-store net operating income (NOI) increase of 2.6% vs the same period in 2025.
- Increased square foot occupancy by 1.5% vs. the same period in 2025.
- Delinquency balances declined by 16.3% vs. the same period in 2025.
- Added eight (8) management contracts to the third-party management portfolio.
Absolute’s 2026 same-store portfolio consists of 98 stabilized properties that have been managed by the Company since January 1, 2025. These properties average approximately 60,300 rentable square feet and have been managed by Absolute for approximately 8.5 years. Collectively, this same-store portfolio includes more than 44,000 storage units comprising nearly 6 million rentable square feet.
“While the self-storage industry continues to navigate a challenging economic environment and softer moving activity, our focus remains on executing the fundamentals well. Following two industry-leading years of same-store growth, we are encouraged by our solid performance from a revenue perspective. In addition, our expense control across both quarters has positioned our properties for outstanding NOI results. This quarter, we saw positive progress through increased rentals and continued reductions in delinquency. These incremental improvements position our clients well as we continue to adapt to changing market conditions.” Scott Beatty, CEO.
This quarter also marks Absolute’s 24th anniversary. Since 2002, the company has remained committed to delivering exceptional management solutions for self-storage owners across the United States.
Absolute actively manages 144 properties in 15 states. Over the three-month quarter ending June 30, 2026, the Company expanded its third-party management portfolio with the management of the following properties: Thistle Lane Storage in Auburn, AL; Conyers Climate Storage in Conyers, GA; and RollUp Self Storage in Denver, NC.
Absolute Storage Management
Absolute Storage Management (Absolute) is one of the largest private, third-party self-storage management companies in the United States. Founded in 2002, Absolute’s headquarters are in Memphis, TN with regional offices in Tampa, FL; Atlanta, GA; Charlotte, NC; and Nashville, TN. The company’s mission is to grow successful partnerships with customers, team members, and investors by delivering excellence in service.
For further information and news about Absolute Storage Management, please go to the Absolute website at AboutASM.com. Contact Jasmin Allen at jasmin.allen@absolutemgmt.com or Tami Johnson at tami.johnson@absolutemgmt.com