Earnings summaries and quarterly performance for SmartStop Self Storage REIT.
Executive leadership at SmartStop Self Storage REIT.
H. Michael Schwartz
Detailed
Chief Executive Officer
CEO
JB
James Barry
Detailed
Chief Financial Officer and Treasurer
JR
Joe Robinson
Detailed
Chief Operations Officer
MT
Michael Terjung
Detailed
Chief Accounting Officer
NL
Nicholas Look
Detailed
General Counsel and Secretary
WJ
Wayne Johnson
Detailed
President and Chief Investment Officer
Board of directors at SmartStop Self Storage REIT.
Research analysts who have asked questions during SmartStop Self Storage REIT earnings calls.
MM
Michael Mueller
JPMorgan Chase & Co.
3 questions for SMA
Also covers: AKR, BRX, CBL +27 more
Todd Thomas
KeyBanc Capital Markets
3 questions for SMA
Also covers: AAT, AKR, BRX +21 more
Juan Sanabria
BMO Capital Markets
2 questions for SMA
Also covers: AMH, BRX, CTRE +21 more
KG
Kimon Guelle
Baird
2 questions for SMA
SA
Spenser Allaway
Green Street
2 questions for SMA
Also covers: ADC, BNL, CUBE +8 more
Viktor Fediv
Scotiabank
2 questions for SMA
Also covers: AHH, BRX, FR +4 more
JH
Jonathan Hughes
Raymond James Financial
1 question for SMA
Also covers: CTRE, HR, MRT +3 more
KB
Ki Bin Kim
Truist Securities
1 question for SMA
Also covers: ADC, AKR, BNL +20 more
Matt Kornack
National Bank Financial
1 question for SMA
Also covers: GRP-UN
Nicholas Yulico
Scotiabank
1 question for SMA
Also covers: AHR, ALX, AVB +20 more
SG
Spenser Glimcher
Green Street Advisors, LLC
1 question for SMA
Also covers: ADC, CUBE, EPR +4 more
WG
Wesley Golladay
Robert W. Baird & Co.
1 question for SMA
Also covers: ADC, AHR, ARE +25 more
Recent press releases and 8-K filings for SMA.
SmartStop Self Storage REIT Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SMA
Earnings
Guidance Update
New Projects/Investments
- SmartStop Self Storage REIT reported Q4 2025 FFO as adjusted per share of $0.55, an increase of 29.8% year-over-year, and full-year 2025 FFO as adjusted per share of $1.87, up 10% from 2024. The company provided 2026 FFO as adjusted per share guidance of $1.93 to $2.05, representing approximately 6% growth at the midpoint.
- For Q4 2025, same-store revenue growth was 40 basis points with an average occupancy of 92.3%. Full-year 2025 saw same-store revenue growth of 1.6% and average occupancy of 92.5%. 2026 guidance for same-store revenue growth is between -50 basis points and +2%, and NOI growth is between -1.8% and +1%.
- In Q4 2025, the company acquired one Class A operating property and a parcel of land, and closed on Argus Professional Storage Management, deploying approximately $61 million of capital. Total acquisitions for full-year 2025 were $369 million. Planned capital deployment for 2026 is between $72 million and $96 million, covering acquisitions, bridge lending, development, solar initiatives, and expansion projects.
- SmartStop recast its $500 million syndicated bank facility in early 2026, reducing the all-in cost by about 30 basis points. As of year-end 2025, 95% of outstanding debt was fixed.
1 day ago
SmartStop Self Storage REIT Reports Q4 and Full-Year 2025 Results and Issues 2026 Guidance
SMA
Earnings
Guidance Update
New Projects/Investments
- SmartStop Self Storage REIT reported Q4 2025 FFO as adjusted per share of $0.55, an increase of 29.8% year-over-year, and full-year FFO as adjusted per share of $1.87, up 10% from 2024.
- The company introduced 2026 guidance, forecasting FFO as adjusted per share of $1.93 to $2.05, which represents about 6% growth at the midpoint, with same-store revenue growth of -50 basis points to +2% and NOI growth of -1.8% to +1%.
- SmartStop plans an overall capital deployment range of $72 million-$96 million for 2026, allocating $45 million-$65 million to acquisitions and bridge lending, and $16 million-$18 million to redevelopment and expansion projects.
- Strategic developments include the acquisition of Argus Professional Storage Management, adding over 220 managed properties, and the recast of its $500 million syndicated bank facility, reducing the all-in cost by approximately 30 basis points.
1 day ago
SmartStop Self Storage REIT Reports Q4 2025 Results and Provides 2026 Guidance
SMA
Earnings
Guidance Update
M&A
- SmartStop Self Storage REIT reported Q4 2025 FFO as adjusted per share of $0.55, a 29.8% increase year-over-year, and full-year 2025 FFO as adjusted per share of $1.87, up 10% from 2024.
- For 2026, the company introduced guidance for FFO as adjusted per share of $1.93 to $2.05, representing approximately 6% growth at the midpoint, with anticipated same-store revenue growth of -50 basis points to +2%.
- In Q4 2025, SmartStop acquired one Class A operating property and a parcel of land in Canada, contributing to $369 million in total acquisitions for the full year 2025, and closed on Argus Professional Storage Management, adding over 220 managed properties.
- The company recast its $500 million syndicated bank facility, reducing the all-in cost by approximately 30 basis points, and plans for $72 million-$96 million in capital deployment for 2026 across acquisitions, bridge lending, development, and expansion projects.
1 day ago
SmartStop Self Storage REIT, Inc. Reports Fourth Quarter and Full Year 2025 Results
SMA
Earnings
Guidance Update
M&A
- SmartStop Self Storage REIT, Inc. reported Q4 2025 net income attributable to common stockholders of $2.8 million and total self storage-related revenues of $64.8 million, with full-year 2025 FFO, as adjusted, reaching $95.5 million and FFO, as adjusted per share and OP unit outstanding – diluted, at $1.87.
- For the full year 2025, same-store revenues increased by 1.6% and same-store net operating income (NOI) increased by 0.6%, with average physical occupancy rising by 0.3% to 92.5%.
- 2025 was a transformational year for SmartStop, including a successful IPO, nearly $335 million in on-balance sheet acquisitions, and the acquisition of Argus Professional Storage Management. Additionally, the company entered into a new $500 million senior unsecured credit facility on February 18, 2026.
- The company provided full-year 2026 guidance for FFO, as adjusted per share & OP unit outstanding – diluted, between $1.93 and $2.05, with same-store revenue growth projected between -0.5% and 2.0%.
2 days ago
SmartStop Recasts Multi-Currency Credit Facility
SMA
Debt Issuance
New Projects/Investments
- SmartStop Self Storage REIT, Inc. (SMA) announced on February 19, 2026, the completion of an amended and restated senior unsecured credit facility with an initial amount of $500 million.
- The new facility includes an accordion feature that allows SmartStop to request up to an additional $1.1 billion in borrowing capacity.
- Initial advances under the Credit Facility bear interest approximately 30 basis points lower than the previous revolving credit facility.
- The facility has a four-year term with an option for a 12-month extension and allows borrowing in either U.S. or Canadian dollars.
- SmartStop's Chairman and CEO, H. Michael Schwartz, stated that this financing strengthens the company's balance sheet, lowers its cost of debt, and provides flexibility for its growth strategy.
Feb 19, 2026, 12:09 AM
SmartStop Recasts Multi-Currency Credit Facility
SMA
Debt Issuance
New Projects/Investments
- SmartStop Self Storage REIT, Inc. (SMA) completed an amended and restated senior unsecured credit facility, dated February 18, 2026, with an initial amount of $500 million.
- The facility includes an accordion feature for an additional $1.1 billion, potentially increasing the total borrowing capacity to $1.6 billion.
- The new credit facility has a four-year term with an option for a 12-month extension, and its interest rates are approximately 30 basis points lower than the previous facility.
- This financing provides SmartStop with additional flexibility, including the ability to borrow in U.S. or Canadian dollars, to support its continued growth across the United States and Canada.
Feb 18, 2026, 10:10 PM
SmartStop Self Storage REIT, Inc. updates same store facility metrics
SMA
Demand Weakening
- SmartStop Self Storage REIT, Inc. (SMA) reported key metrics for its same store facilities as of October 31, 2025.
- Physical occupancy for same store facilities increased slightly to 92.5% as of October 31, 2025, compared to 92.3% on October 31, 2024.
- Monthly web rates decreased to $0.94 as of October 31, 2025, from $1.09 on October 31, 2024.
- Monthly move-in rates decreased to $0.85 as of October 31, 2025, from $1.04 on October 31, 2024.
- Monthly in-place rates remained stable at $1.64 for both October 31, 2025, and October 31, 2024.
Nov 17, 2025, 9:43 PM
SmartStop Reports Q3 2025 Results, Completes Argus Acquisition, and Updates Full-Year Guidance
SMA
Earnings
M&A
Guidance Update
- SmartStop reported Q3 2025 FFO as adjusted per share of $0.47, with same-store revenue growth of 2.5% and average occupancy of 92.6%.
- The company completed the acquisition of Argus Professional Storage Management on October 1, 2025, which nearly doubles its store count to over 460 properties in North America.
- SmartStop raised CAD 200 million in maple bonds at a 3.89% coupon and refinanced joint venture-level debt with a CAD 160 million term loan at 3.87%, reducing the weighted average cost from 5.7%.
- For the full year 2025, FFO as adjusted per share guidance was tightened to $1.87-$1.91, and acquisitions guidance was narrowed to $365 million-$385 million.
Nov 6, 2025, 6:00 PM
SmartStop Self Storage REIT, Inc. Reports Strong Q3 2025 Results and Strategic Expansion
SMA
Earnings
M&A
Guidance Update
- SmartStop Self Storage REIT, Inc. reported Q3 2025 net income attributable to common stockholders of $5.2 million (or $0.09 per share) and total self storage-related revenues of $64.6 million, marking significant increases from the prior year.
- FFO, as adjusted, for Q3 2025 reached $27.5 million (or $0.47 per diluted share and OP unit outstanding), reflecting substantial year-over-year growth. For the nine months ended September 30, 2025, FFO, as adjusted, was $63.0 million (or $1.31 per diluted share and OP unit outstanding).
- The company executed strategic growth initiatives, including a CAD $200 million Maple Bond offering and the acquisition of Argus Professional Storage Management, which launched SmartStop into the third-party management business. Acquisitions during the quarter included a portfolio of five self-storage facilities for approximately $97.4 million CAD and a New Jersey facility for $15.3 million.
- SmartStop updated its full-year 2025 outlook, projecting FFO, as adjusted per diluted share and OP unit outstanding between $1.87 and $1.91, and same-store revenue growth between 1.9% and 2.3%.
Nov 5, 2025, 9:07 PM
SmartStop Self Storage REIT, Inc. Announces Acquisition of APSM, Q2 2025 Operating Results, and Full Year 2025 Outlook
SMA
M&A
Guidance Update
Earnings
- SmartStop Self Storage REIT, Inc. (SMA) is under contract to acquire Argus Professional Storage Management (APSM), the sixth largest self-storage manager in the U.S., for an upfront consideration of $21.0 million and a potential $11.0 million earnout.
- For Q2 2025, the company reported a 93.0% ending same-store occupancy and $19.89 annualized same-store RentPOF.
- SmartStop maintains an attractive financial profile with $153 million in LQA NOI and an average same-store year-over-year NOI growth of 8.8% over the last three years.
- The company holds investment-grade credit ratings of BBB/with Stable Trends from DBRS and BBB/Stable from KBRA, with a total capitalization of $3.1 billion as of June 30, 2025.
- For the full year 2025, SmartStop projects diluted FFO, as adjusted per share and OP unit outstanding, to be between $1.85 and $1.93, with same-store revenue growth (USD) between 1.8% and 2.8%.
Sep 24, 2025, 9:16 PM
Quarterly earnings call transcripts for SmartStop Self Storage REIT.
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