SSD Portfolio
The SSD portfolio’s 14 sites generated approximately $2.77 million in total revenue through November. Move-in volume was high (~2,001 move-ins) and slightly exceeded move-outs (~1,878), yielding a modest net gain in tenants but overall high turnover (for example, the Griffin GA facility saw 235 move-ins vs 191 move-outs). The top revenue contributor was LaFollette, TN, at roughly $383K YTD, whereas Harpersville, AL delivered the lowest revenue (around $71K YTD).
November 2025 MTD Site Performance by Portfolio
In each portfolio, sites are categorized as Performing (showing positive year-over-year trends in most or all key metrics) or Underperforming (showing flat or negative YoY performance). The key metrics evaluated are Net Rentals (move-ins minus move-outs), Occupancy (percent of units occupied), and Occupied Revenue (rent collected), comparing November 2025 month-to-date to the same period in 2024. Performance classification is based on a composite of these metrics – for example, sites with improvements in at least two of the three metrics are labeled Performing. Below, for each site we list its Net Rentals with YoY absolute change (and % where meaningful), Occupancy with YoY change in percentage points (pp), and Occupied Revenue with YoY absolute and % change.
SSD Portfolio
Performing:
Storage Depot - Boyle MS (SSD) – Net Rentals: 5 (up 14 from -9 last year YoY); Occupancy: 82.9% (+11.0 pp YoY); Occupied Revenue: $18,044 (up $3,367 (22.9%) YoY). Storage Depot - Cahaba (SSD) – Net Rentals: -2 (down 3 YoY); Occupancy: 74.3% (-0.9 pp YoY); Occupied Revenue: $7,318 (up $278 (3.9%) YoY). Storage Depot - Elizabethton TN (SSD) – Net Rentals: -2 (up 1 from -3 last year YoY); Occupancy: 87.1% (+0.7 pp YoY); Occupied Revenue: $17,369 (up $4,657 (36.7%) YoY). Storage Depot - Griffin GA (SSD) – Net Rentals: 3 (no change YoY); Occupancy: 81.8% (+3.4 pp YoY); Occupied Revenue: $14,700 (up $800 (5.8%) YoY). Storage Depot - Hampton (T10) – Net Rentals: -1 (up 1 from -2 last year YoY); Occupancy: 56.8% (+1.9 pp YoY); Occupied Revenue: $6,925 (up $403 (6.2%) YoY). Storage Depot - Harpersville AL (SSD) – Net Rentals: 1 (up 3 from -2 last year YoY); Occupancy: 83.8% (+3.2 pp YoY); Occupied Revenue: $9,912 (up $1,380 (16.2%) YoY). Storage Depot - LaFollette TN (SSD) – Net Rentals: 1 (up 2 from -1 last year YoY); Occupancy: 88.9% (+4.4 pp YoY); Occupied Revenue: $7,956 (up $1,586 (24.9%) YoY). Storage Depot - McCalla (SSD) – Net Rentals: 4 (up 4 YoY); Occupancy: 84.0% (+7.8 pp YoY); Occupied Revenue: $10,922 (up $815 (8.1%) YoY). Storage Depot - Monteagle TN (SSD) – Net Rentals: 4 (up 5 from -1 last year YoY); Occupancy: 93.2% (+9.7 pp YoY); Occupied Revenue: $9,694 (up $3,654 (60.5%) YoY). Storage Depot - Phenix City AL (SSD) – Net Rentals: 3 (up 2 YoY); Occupancy: 82.1% (+1.8 pp YoY); Occupied Revenue: $11,577 (up $1,228 (11.9%) YoY). Underperforming:
Storage Depot - Cleveland (SSD) – Net Rentals: -1 (down 7 (117%) YoY); Occupancy: 79.3% (-1.2 pp YoY); Occupied Revenue: $13,228 (up $3,328 (33.6%) YoY). Storage Depot - Okoboji IA (SSD) – Net Rentals: 0 (down 2 YoY); Occupancy: 87.1% (-1.0 pp YoY); Occupied Revenue: $10,323 (down $1,404 (-11.9%) YoY). Storage Depot - Panama City FL (SSD) – Net Rentals: 3 (up 4 from -1 last year YoY); Occupancy: 86.8% (+1.5 pp YoY); Occupied Revenue: $11,530 (down $250 (-2.1%) YoY). Storage Depot - Thomson GA (SSD) – Net Rentals: 0 (up 2 from -2 last year YoY); Occupancy: 88.9% (+1.2 pp YoY); Occupied Revenue: $9,900 (down $1,369 (-12.1%) YoY). Storage Depot - Valley AL (SSD) – Net Rentals: 2 (up 2 from 0 last year YoY); Occupancy: 92.5% (+2.8 pp YoY); Occupied Revenue: $8,487 (down $80 (-0.9%) YoY).