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202 customers had a Next Rate Start = 11/1/2025
$24.38 per tenant
29.2% increase on average
Occupancy improved 64% → 70% from Q2 to Q3.Revenue grew 20% over the same period.Q4 continues the revenue growth trend, despite slightly negative net rentals.November delivered a strong rate-adjustment impact across 202 customers, averaging a $24.38 / 29.2% increase.
$24.38 per tenant, and29.2% on a percentage basis.
251204 LaGrange Meeting Notes
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need to update the $1 move in banner on website to First Month Free
@Ashley Aaltonen
Thu, Sep 11
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📊 Q2 → Q3 Performance Summary (2025)
I pulled the key monthly performance metrics from April–November 2025.
Occupancy (Total Unit Occupancy %)
Table 1
Period
Occupancy %
Q2 Avg (Apr–Jun)
64.0%
Q3 Avg (Jul–Sep)
70.3%
Change
+6.3 percentage points
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→ Strong occupancy growth from Q2 to Q3.
Revenue Collected
Table 2
Period
Avg Monthly Revenue
Q2 (Apr–Jun)
$33,828
Q3 (Jul–Sep)
$40,669
Change
+20.2% increase
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→ Very healthy revenue lift driven by higher occupancy and improved rate integrity.
Net Rentals (Move-ins minus Move-outs)
Table 3
Period
Avg Net Rentals
Q2
+11 per month
Q3
+7 per month
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✔ Q2 saw stronger net growth.
✔ Q3 still positive but slowed as occupancy approached capacity.
📈 Q4 Progress (October & November 2025)
Key Metrics
Table 4
Metric
October
November
Occupancy %
70.0%
71.0%
Revenue Collected
$44,043
$50, 305
Net Rentals
–5
–2
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Even with slightly negative net rentals (seasonal), revenue continues trending upward, likely due to the November rate actions.
📬 November Rate Increase Summary
From the tenant-level data:
📌 Number of scheduled November increases
📌 Average $ Increase
📌 Average % Increase
💰 Total Amount of November Rate Increases
➡️ $4,925 in total increases issued
Very healthy and typical for a broad annual increase event.
📘 Summary
📄 Performance Narrative for LaGrange Climate Storage
LaGrange Climate Storage continued to show meaningful operational and financial improvement through 2025, driven by sustained leasing momentum, enhanced rate integrity, and a broad portfolio-wide rate action in November.
Q2 to Q3 Operational Performance
From the second to the third quarter, the property experienced steady and measurable growth.
Occupancy increased from an average of 64% in Q2 to 70.3% in Q3, reflecting a 6.3-point improvement. This strengthening occupancy base was supported by consistent leasing activity—while net rentals softened slightly from +11 per month in Q2 to +7 per month in Q3, the property continued to grow its occupied unit count quarter over quarter.
Financial performance improved even more significantly than occupancy.
Average monthly revenue increased from $33,828 in Q2 to $40,669 in Q3, representing a 20.2% quarter-over-quarter revenue lift. This increase was driven by both improved occupancy and stronger rate realization.
Q4 Progress (October–November)
As the property entered Q4, performance continued trending upward despite seasonally softer leasing. Occupancy held steady at 70–71%, while revenue rose sharply, from $44,043 in October to $49,387 in November.
Net rentals were slightly negative in October (–5) and November (–2), which is typical for fall and early winter demand patterns. Importantly, despite modest unit churn, revenue continued growing—highlighting the effectiveness of recent rate initiatives and the increased value of the occupied tenant base.
November Rate Increase Impact
A major component of the Q4 revenue improvement was the November 1st rate action.
A total of 202 customers were scheduled for increases, representing a meaningful share of the tenant population.
The average increase was:
In total, the November adjustments generated $4,925 in additional monthly recurring revenue once fully realized.
This rate event not only strengthened monthly income but also aligned tenant rates more closely with current market conditions, improving long-term revenue health and positioning the property for continued financial growth.
Summary
LaGrange Climate Storage demonstrated strong financial momentum throughout 2025.
Occupancy improved through Q3, revenue grew significantly across all periods, and the November rate action created a substantial and recurring lift. Even with typical seasonal leasing softness, the property enters the end of the year in a notably stronger financial position than it began.
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