First Quarter Results for Absolute Storage Management

MEMPHIS, Tennessee –Absolute Storage Management (Absolute), a leading third-party management company for self-storage facilities in the United States, announced operating results for the three months ended March 31, 2025. 

2025 Highlights for Three Months Ended March 31, 2025:

• Increased same-store revenue by 3.8% vs. the same period in 2024.  
• Increased achieved rent per occupied unit by 1.8% with a stable GPI compared to 2024.  
• Same-store quarter ending square foot occupancy of 86.5%, stable compared to 2024.  
• Acquired three (3) management contracts, two (2) operating facilities and one (1) facility at the completion of construction. 

Absolute’s 2025 same-store pool consists of 99 stabilized properties managed since January 1, 2024. The average size of these properties is 60,300 rentable square feet and have been managed by Absolute for eight and a half years. In total, the group comprises over 44,400 units and nearly 6 million square feet.   

Scott Beatty, CEO, shared, “As we close out the first quarter of 2025, I’m proud to share that Absolute Storage Management increased same-store revenue by 3.8% compared to Q1 2024, which reflects the strength of our pricing strategy and the resilience of our operations in a competitive market. Looking ahead, our team is laser-focused on delivering 4% revenue growth for 2025. We’ll continue investing in technology, talent, and operational excellence to meet that goal and create value for our partners, customers, and team members.”  

Over the first quarter, Absolute expanded its management presence across Georgia, bringing its total portfolio to 154 actively managed properties in 15 states as of this publication. This milestone of managing over 150 properties speaks to the trust owners’ place in our platform and people. 

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 Atlanta, GA; Charlotte, NC; Tampa, FL; 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 www.AboutASM.com. Contact Jasmin Allen at jasmin.allen@absolutemgmt.com.