Upcoming Ex-Dividend Dates: Trustmark, SmartStop Self Storage REIT, and StepStone Group
Upcoming Ex-Dividend Dates: On 8/29/25, Trustmark Corp (TRMK), SmartStop Self Storage REIT Inc (SMA), and StepStone Group Inc (STEP) will trade ex-dividend for their respective upcoming dividends.
Dividend Payments: Trustmark Corp will pay $0.24 on 9/15/25, SmartStop Self Storage REIT Inc will pay $0.1359 on 9/3/25, and StepStone Group Inc will pay $0.28 on 9/15/25.
Expected Stock Price Adjustments: Following the ex-dividend date, TRMK is expected to open 0.59% lower, SMA 0.38% lower, and STEP 0.45% lower based on their recent stock prices.
Estimated Annual Yields: The estimated annual yields are 2.36% for Trustmark Corp, 4.51% for SmartStop Self Storage REIT Inc, and 1.79% for StepStone Group Inc, indicating potential stability in dividend payments.
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- Project Development Plan: SmartStop has acquired a 1.75-acre parcel in Edmonton, Alberta, intending to develop a new Class A self-storage facility in partnership with SmartCentres, expected to deliver approximately 99,650 net rentable square feet of storage space to meet community needs.
- Market Demand Analysis: The surrounding area has a population of about 193,000, projected to grow by 8.6% over the next five years, indicating sustained demand for high-quality self-storage and further solidifying SmartStop's strategic position in a supply-constrained market.
- Construction Timeline: The new facility is scheduled to begin construction in Q2 2027, with a planned soft opening in Q3 2028, marking SmartStop's sixth location in Edmonton and enhancing its market presence in Alberta.
- Management Team Background: SmartStop is a self-managed REIT with over 1,000 self-storage professionals focused on expanding the SmartStop brand, currently managing over 460 operating properties in the U.S. and Canada, comprising over 270,000 units and more than 35 million rentable square feet.
- New Facility Opening: Strategic Storage Trust VI has opened a new self-storage facility at 1983 Kipling Ave in Toronto, offering approximately 90,300 net rentable square feet, reflecting the company's long-term commitment to growth in high-density markets.
- Prime Location: The facility is strategically located in a high-traffic commercial corridor with about 400,000 vehicles passing daily, and nearly 600,000 residents within a five-mile radius, with approximately 45% of households being renter-occupied, ensuring sustained demand for self-storage.
- Modern Design Features: This five-story, climate-controlled facility features modern design, enhanced security, and large indoor loading bays, aimed at providing secure and professionally managed storage solutions for both residential and commercial customers.
- Market Expansion Strategy: CEO H. Michael Schwartz stated that the new facility reflects the company's focus on expanding in high-growth, high-density markets, and is expected to meet the storage needs of surrounding communities while driving business growth.
- New Facility Opening: Strategic Storage Trust VI has opened a new self-storage facility at 1983 Kipling Ave. in Toronto, offering approximately 90,300 net rentable square feet, reflecting the company's long-term commitment to growth in high-density markets.
- Strong Market Demand: The facility is located in an area with nearly 600,000 residents within a five-mile radius, with about 45% of households being renter-occupied, indicating sustained demand for self-storage solutions from both residential and commercial customers.
- Prime Location: Positioned in a high-traffic commercial corridor with approximately 400,000 vehicles passing daily, the facility benefits from strong visibility and convenient access, enhancing customer accessibility and potential usage.
- Modern Design Features: This five-story, climate-controlled facility boasts modern design and enhanced security, featuring multiple elevators and large indoor loading bays, aimed at providing secure and professionally managed storage solutions for residents and businesses alike.
- Strong Earnings Performance: SmartStop Self Storage REIT reported a Q4 AFFO of $0.55 per share, exceeding market expectations and demonstrating the company's robust performance in the self-storage sector.
- Significant Revenue Growth: The company achieved Q4 revenue of $78.44 million, surpassing expectations by $2.94 million, reflecting the effectiveness of its business model and sustained market demand.
- Market Recovery Outlook: Despite ongoing challenges in the current market environment, SmartStop Self Storage REIT is viewed as a hold, with investors encouraged to monitor the potential for future market recovery.
- Impact of Rating Changes: J.P. Morgan's rating adjustments for SmartStop and other real estate firms may influence investor confidence, potentially driving stock price volatility.
- Downgrade Impact: Wells Fargo downgraded SmartStop Self Storage REIT (NYSE:SMA) from Overweight to Equal Weight, lowering its price target from $41 to $33, reflecting a cautious stance on storage REITs and anticipating 2026 performance to fall below market expectations.
- Revenue Growth Slowdown: The firm expects a notable slowdown in SmartStop's same-store revenue growth next year, which could negatively impact its stock price, particularly against a backdrop of housing-related optimism in the market.
- Competitive Analysis: While Scotiabank analyst Nicholas Yulico reduced the price target from $36 to $35, he maintained an Outperform rating, noting that SmartStop is the only self-storage REIT in coverage capable of offsetting churn-related losses through existing customer rate increases.
- Market Outlook: Truist analyst Ki Bin Kim trimmed the price target from $39 to $38 but still holds a Buy rating, suggesting that fundamentals are improving as new supply moderates and demand for high-quality assets remains steady.
- New Board Appointment: SmartStop Self Storage REIT has appointed Wayne Johnson to its Board of Directors, who has served as Chief Investment Officer since 2015, bringing extensive experience in self-storage and commercial real estate to provide strategic guidance for long-term growth.
- Rich Leadership Experience: Johnson's leadership in self-storage investments has been crucial since the company's inception in 2013, having previously held the role of Senior Vice President of Acquisitions, showcasing his significant impact in the industry.
- Industry Recognition: As a board member of the Self Storage Association’s Large Operator Council, Johnson is a recognized leader in the field and has previously served as President of the Texas Self Storage Association, enhancing SmartStop's standing in the industry.
- Asset Management Scale: As of February 20, 2026, SmartStop owns or manages over 460 self-storage properties across 35 states and Canada, providing more than 270,000 units and 35 million rentable square feet, demonstrating its strong market presence.








