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    SMA — SmartStop Self Storage REIT News Story

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    SmartStop Self Storage Q1 same-store revenue rises, co adjusts 2026 outlook

    Picture of SmartStop Self Storage REIT logoSmartStop Self Storage REIT
    06/05/2026 21:32
    Overview

US self-storage REIT's Q1 same-store revenue rose 1.5%, with NOI up 2.0% yr/yr

Adjusted FFO per share increased to $0.49 from $0.41 a year earlier

Company entered new $500 mln senior unsecured credit facility during quarter

Outlook

SmartStop sees 2026 same-store revenue growth between -0.25% and 1.75%

Company expects 2026 FFO, as adjusted per share, between $1.94 and $2.04

SmartStop plans 2026 acquisitions and investments between $45 mln and $65 mln

Result Drivers

EXPENSE CONTROL - Co said muted operating expenses and scale led to NOI margin expansion in same-store portfolio

RENT INCREASES - Co said same-store revenue growth was primarily due to 1.2% increase in annualized rent per occupied square foot and higher administrative and late fees

NOI GROWTH - Co posted sector-leading same-store NOI growth of 2.0% despite difficult year-over-year comparisons

Company press release: ID:nBw8CqKPza

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q1 EPS$0.17
    Q1 Net Income$9.60 mln
    Q1 Adjusted FFO$28.80 mln
    

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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