Quarterly ResultAug 5, 2026, 04:13 PM
SmartStop Q2 FFOa per share up 17.6% to $0.49; Raises 2026 Guidance
AI Summary
SmartStop Self Storage REIT, Inc. reported strong second quarter 2026 results, with FFO, as adjusted per share, increasing 17.6% year-over-year to $0.49. Net income attributable to common stockholders rose to $11.2 million, and same-store net operating income grew by 3.7%. The company also announced the acquisition of three self-storage facilities for $29.7 million and increased its 2026 same-store NOI and FFOa per share guidance.
Key Highlights
- Q2 2026 FFO, as adjusted per share (diluted) was $0.49, a 17.6% increase year-over-year.
- Q2 2026 net income attributable to common stockholders was $11.2 million, up $19.6 million YoY.
- Same-store net operating income (NOI) increased by 3.7% in Q2 2026.
- Acquired three self-storage facilities in Spartanburg, SC for approximately $29.7 million.
- Increased 2026 same-store NOI guidance and FFOa per share guidance.
- Declared annualized distribution of $1.60 per share for June, July, and August 2026.
- Managed REIT merger announced between Strategic Storage Trust VI, Inc. and Strategic Storage Growth Trust III, Inc.
Price Impact
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