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Move-ins & Move-outs: January 2026 (through Jan 22) shows strong momentum with 21 move-ins and only 8 move-outs (net +13). December had nearly equal move-ins and move-outs (22 and 21), resulting in a flat net gain (+1).Occupancy: Actual occupied units increased from 185 in December to 197 by January 22 (~30.5% occupancy), up from ~28.6%.Revenue:Gross potential rent remained steady at ~$54.2k.Actual occupied rent increased from ~$22.96k in December to ~$23.91k in January.Revenue collected in January (as of Jan 22) was ~$19.8k, close to December’s $22.3k total, indicating likely MoM growth.
January 2026 vs. December 2025: January is seeing strong rental activity. As of Jan 22, there have been 21 move-ins and 8 move-outs, for a net gain of +13 units. In contrast, December had 22 move-ins and 21 move-outs, netting only +1 unit. This indicates a significant improvement in net rentals month-over-month.Trend Since Launch: The facility opened in Oct 2025 with robust initial leasing (19 move-ins, 11 move-outs, net +8). November’s leasing pace slowed (15 move-ins, 13 move-outs, net +2). December saw higher move-out volume (21, the highest to date) nearly matching move-ins, which stalled net growth (+1). January 2026 has reversed that trend with increased move-ins and reduced move-outs, driving a substantial net occupancy gain.
Occupancy Rate: Unit occupancy held around 28–29% through the end of 2025, then climbed to ~30.5% in January 2026. The site ended December with 185 units occupied (~28.6% of 646 units). As of Jan 22, occupancy has risen to 197 units (30.5% occupancy), the highest level since launch. This ~2 percentage point increase in actual occupied rate reflects January’s strong net rentals.Context: Occupancy growth plateaued in Nov–Dec 2025 – essentially flat at ~185 occupied units – due to move-outs keeping pace with move-ins. Prior to that, initial lease-up in Oct 2025 brought occupancy to ~29% (185 units). The January gains suggest renewed leasing momentum, putting the facility back on a growth trajectory.Occupancy by Area: Notably, occupied square footage is about 36.7% of total rentable area (24,065 of 65,543 sq. ft. as of Jan 22), slightly higher than the unit occupancy%. This indicates larger units (on average) are getting filled. By comparison, end-of-year occupied area was ~34%. A large portion of units (282 units, ~44%) remain in “unrentable” status (e.g. not yet available), which keeps overall occupancy rates low despite the leasing progress.
Gross Potential Rent (GPR): The total monthly rent capacity has decreased since launch, then stabilized. GPR was about $68.1k in Oct 2025 and dropped to $54.2k by Dec 2025. This 20% drop reflects rate adjustments or unit reclassifications (e.g. more units marked unrentable). GPR as of Jan 2026 remains roughly $54.2k, indicating no major pricing changes since the December adjustment.Actual Occupied Rent: The rent value of occupied units has grown with occupancy. Actual occupied rent increased from ~$22.0k in Oct to $22.96k in Dec 2025. By Jan 22, 2026 it reached $23.9k (monthly rent for 197 occupied units), reflecting the new move-ins. The fact that actual rent is about 44% of GPR (even though units are 30.5% occupied) suggests achieved rental rates are strong – likely due to higher-priced units being occupied or minimal discounting on rented units.Revenue Collected: Monthly collected revenue peaked in November and then dipped in December. December 2025 brought in $22.3k in total revenue, down from November’s ~$25.7k. (The November spike was influenced by initial lease-up payments and perhaps fewer promotions/credits, whereas December saw increased discounts and year-end churn.) January 2026 is on track to rebound – $19.8k has been collected by Jan 22, already ~89% of December’s total. Barring unforeseen drop-offs, January’s full-month collections should surpass December’s, aligning with the rise in occupied units.
260122 Battlefield Storage Meeting Notes
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Lowered 5x10 rates for elevator climate
Thu, Oct 23
transition to Cubby November 12
Thu, Oct 23
Grass Roots Marketing
@Eve Higgins
@Ashley Aaltonen
Thu, Oct 23
Referral Program
@Ashley Aaltonen
Thu, Oct 23
Local High School sponsorship
Thu, Oct 23
Uhaul Letter, where are the fund going
Thu, Oct 23
Uhaul is building a new Store
Thu, Oct 23
single family residential being built, senior community nearby
Thu, Oct 23
check into Telephone and Internet Expense
@Ashley Aaltonen
Thu, Jan 22
Needs the Budget for 2026
@daniel higuera
Thu, Jan 22
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In short: January is shaping up as a much stronger month than December, with higher net rentals, rising occupancy, and improving revenue performance.
Battlefield Storage Performance Update (Oct 2025 – Jan 2026)
Conversions (Move-Ins, Move-Outs, Net Rentals)
Rate Increases
Occupancy Metrics
Revenue Performance (Gross Potential, Actual, Collected)
Summary of Key MoM Changes (Dec 2025 vs. Jan 2026 to-date):
Table 7
Metric
Dec 2025
Jan 2026 (MTD)
Move-Ins
22
21 (by 1/22)
Move-Outs
21
8 (by 1/22)
Net Rentals (Move-Ins – Outs)
+1
+13
Occupied Units (end of period)
185
197 (as of 1/22)
Occupancy Rate (units)
28.6%
30.5%
Revenue Collected
$22.3k
$19.8k (partial)
Actual Occupied Rent (month)
$22.96k
$23.91k
Gross Potential Rent (month)
$54.23k
$54.23k
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Overall, Battlefield Storage’s performance is improving in early 2026. After a plateau in late 2025, conversions have picked up and net rental growth is accelerating, driving a rise in occupancy. Revenue is following suit, with January’s income likely to exceed December’s. Management should note the December churn spike but also the effective rebound in January. With only ~30% of units occupied (and many units still coming online), there is substantial room for continued growth in both occupancy and revenue in the coming months.
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