SmartStop Self Storage REIT, Inc.

SmartStop Self Storage REIT, Inc. held its 2026 Annual Meeting of Stockholders, where six directors were elected, executive compensation was approved on an advisory basis, and BDO USA, P.C. was ratified as the independent auditor. The company also filed Articles Supplementary to reclassify 31,250,000 Class A and 2,500,000 Class T authorized but unissued shares into undesignated common stock, without increasing the total authorized shares.

SmartStop Self Storage REIT, Inc. provided key operational metrics for its same-store facilities as of May 31, 2026, compared to the prior year. Physical occupancy, monthly web rates, and monthly move-in rates all saw slight declines. However, monthly in-place rates experienced a modest increase.

SmartStop Self Storage REIT, Inc. announced that its Board of Directors declared a dividend for June 2026. This dividend reflects a targeted annualized payout of $1.60 per share. Stockholders of record as of June 30, 2026, will receive $0.13150685 per common share, payable on July 15, 2026.

SmartStop Self Storage REIT, Inc. provided key operational metrics for its same-store facilities for March and April 2026. Physical occupancy slightly decreased year-over-year, reaching 92.6% in April 2026 compared to 93.0% in April 2025. Monthly web rates and move-in rates also saw declines, while monthly in-place rates increased to $1.65 for both March and April 2026, up from $1.62 in the prior year.

SmartStop Self Storage REIT, Inc. reported a significant turnaround in its first quarter 2026 financial results, achieving net income attributable to common stockholders of $9.58 million, compared to a loss of $8.41 million in the prior year. Basic EPS improved to $0.17 from a loss of $0.35. Total revenues increased to $78.31 million, driven by growth in both self storage rental and Managed Platform revenues. The company also announced an At-The-Market (ATM) Agreement to potentially sell up to $300 million in common stock.

SmartStop Self Storage REIT, Inc. reported strong financial results for the first quarter ended March 31, 2026. The company saw a significant increase in net income attributable to common stockholders, rising by $18.0 million to $9.6 million, and FFO, as adjusted, grew by 19.3% to $28.8 million. Same-store revenues increased by 1.5% and same-store net operating income (NOI) grew by 2.0%, driven by effective expense control. Additionally, SmartStop secured a new $500 million senior unsecured credit facility and updated its full-year 2026 FFO, as adjusted per share guidance to $1.94 - $2.04.

SmartStop Self Storage REIT, Inc. announced that its Board of Directors declared a dividend for May 2026. The dividend amount is $0.13589041 per share, which corresponds to a targeted annualized dividend of $1.60 per share. The dividend will be paid on June 15, 2026, to stockholders of record as of the close of business on May 29, 2026.