Monthly Archives: March 2015

SIMI Results 2014

Storage Investment Management, Inc. (S.I.M.I), a privately held self storage management company, as a third party manager, operates 28 self storage facilities in the Northeastern U.S.

First Quarter 2014 vs. 2013

Revenue Expenses N.O.I. Occupancy
S.I.M.I. 7.75% 7.92% 7.54% 1.83%
REIT Avg. 7.08% 4.58% 8.33% 2.43%

Revenue has increased 7.75%, Net Operating Income increased 7.54% with our occupancy up by 1.83%.

Second Quarter 2014 vs. 2013

Revenue Expenses N.O.I. Occupancy
S.I.M.I. 4.73% 0.39% 9.11% 0.72%
REIT Avg. 7.28% 3.35% 9.13% 1.88%

Revenue has increased by 4.73%. Net Operating Income Increased 9.11% while occupancy decreased .72%.

Third Quarter 2014 vs. 2013

Revenue Expenses N.O.I. Occupancy
S.I.M.I. 5.98% 0.68% 11.10% 0.23%
REIT Avg. 6.85% 1.68% 9.15% 2.83%

Revenue has increased by 5.98%. Net Operating Income Increased 11.10% while occupancy decreased .23%.
Fourth Quarter 2014 vs. 2013

Revenue Expenses N.O.I. Occupancy
S.I.M.I. 7.22% 4.82% 17.73% 3.66%
REIT Avg. 6.45% 2.13% 8.25% 1.10%

Revenue has increased by 7.22%. Net Operating Income Increased 17.73% while occupancy decreased 3.66%.
The REIT statistics are Nationwide, while SIMI operates primarily in the Northeast.

For more information contact Charlie Fritts (716) 689-7377 or
Dave Inman (651) 351-9579 www.SIMI.org