SmartStop Self Storage REIT Q1 Earnings Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: seekingalpha
- Disappointing Earnings: SmartStop Self Storage REIT reported a Q1 GAAP EPS of -$0.45, missing expectations by $0.55, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: Despite the EPS miss, SmartStop achieved revenue of $7.8 million, reflecting a 6.1% year-over-year increase, suggesting resilience in sales capabilities that could lay the groundwork for future recovery.
- Guidance Adjustment: The company narrowed its 2026 same-store revenue guidance to a range of -0.25% to 1.75%, reflecting uncertainty in future market conditions, while projecting adjusted FFO per share between $1.94 and $2.04, indicating a cautious outlook on cash flow.
- Market Rating Attention: Seeking Alpha's Quant Rating highlights SmartStop Self Storage REIT's market performance, prompting investors to closely monitor its future financial results and market reactions to assess investment risks.
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Analyst Views on SMA
Wall Street analysts forecast SMA stock price to rise
7 Analyst Rating
6 Buy
0 Hold
1 Sell
Moderate Buy
Current: 30.870
Low
35.00
Averages
39.57
High
41.00
Current: 30.870
Low
35.00
Averages
39.57
High
41.00
About SMA
SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1000 self-storage professionals focused on growing the SmartStop Self Storage brand. The Company is focused on the acquisition, ownership and operation of self-storage properties located primarily within the top 100 metropolitan statistical areas (MSAs) throughout the United States and Canada. The Company's segments include self storage operations and the Managed REIT Platform business. The Company, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. It owns or manages more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising over 270,000 units and 35 million rentable square feet. The Company and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SmartStop Self Storage REIT Q1 Earnings Report
- Disappointing Earnings: SmartStop Self Storage REIT reported a Q1 GAAP EPS of -$0.45, missing expectations by $0.55, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: Despite the EPS miss, SmartStop achieved revenue of $7.8 million, reflecting a 6.1% year-over-year increase, suggesting resilience in sales capabilities that could lay the groundwork for future recovery.
- Guidance Adjustment: The company narrowed its 2026 same-store revenue guidance to a range of -0.25% to 1.75%, reflecting uncertainty in future market conditions, while projecting adjusted FFO per share between $1.94 and $2.04, indicating a cautious outlook on cash flow.
- Market Rating Attention: Seeking Alpha's Quant Rating highlights SmartStop Self Storage REIT's market performance, prompting investors to closely monitor its future financial results and market reactions to assess investment risks.
See More
Strategic Storage Trust VI Reports Q1 2026 Financial Results
- Revenue Growth: Total revenues for Q1 2026 reached approximately $7.8 million, reflecting a $0.5 million increase or 6.5% year-over-year, indicating steady demand and growth potential in the self-storage market.
- Same-Store Performance: Same-store revenues increased by about $0.2 million or 4.2%, while same-store net operating income (NOI) grew by 2.0%, underscoring the resilience and adaptability of the company's operating platform in a competitive landscape.
- Increased Net Loss: The net loss attributable to common stockholders rose by approximately $1.9 million or 18.7%, primarily driven by foreign currency adjustments and investments in unconsolidated real estate ventures, reflecting challenges in the pursuit of long-term value creation.
- Development Project Progress: In Q1 2026, the company successfully opened the Etobicoke property, offering approximately 980 units and 90,300 net rentable square feet, although the occupancy rate was only 3%, marking a significant milestone in the company's expansion in the Greater Toronto Area.
See More
SST VI Recognized as Top Lifecycle REIT
- Outstanding Performance: As of March 31, 2026, SST VI was recognized by Robert A. Stanger & Co. as the top-performing Lifecycle REIT over a three-year period, achieving a total return of approximately 13.0%, demonstrating its strong performance and investment value in the self-storage sector.
- Strategic Investment Positioning: During the pandemic, SST VI focused on strategically positioning its portfolio by targeting underserved growth markets in the U.S. and expanding into Canada through its sponsor's platform, showcasing its adaptability amid market fluctuations.
- Commitment to Operational Excellence: SST VI's President and CEO, H. Michael Schwartz, stated that this recognition reflects the resilience of the self-storage sector and the dedication of the team, emphasizing the company's long-term commitment to operational excellence and sustained value creation.
- Portfolio Expansion: As of May 14, 2026, SST VI operates 13 properties in the U.S. with approximately 9,015 units and 1,079,395 rentable square feet, alongside 12 properties in Canada with about 11,185 units and 1,158,015 rentable square feet, highlighting its significant presence in the North American market.
See More
SmartStop Self Storage REIT Q1 Earnings Exceed Expectations
- Strong Financial Performance: SmartStop Self Storage REIT reported a Q1 FFO of $0.49, exceeding market expectations by $0.41, indicating robust profitability within the self-storage sector.
- Significant Revenue Growth: The company achieved revenues of $78.31 million in Q1, reflecting a 19.6% year-over-year increase and surpassing analyst expectations by $3.94 million, showcasing its ongoing expansion and strong customer demand in the North American market.
- Increased Investor Confidence: Following the earnings beat, shareholder confidence in SmartStop's future growth prospects is likely to rise, potentially driving up stock prices and attracting more investor interest.
- Optimistic Market Outlook: With the continued growth of the North American self-storage market, SmartStop's strategic investments and expansion plans are expected to further solidify its market position, providing strong support for future revenue growth.
See More
SmartStop Self Storage REIT to Release Q1 2026 Financial Results
- Earnings Release Schedule: SmartStop Self Storage REIT will release its financial results for Q1 2026 after market close on May 6, 2026, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: Management will host a conference call on May 7, 2026, at 12:00 p.m. Eastern Time to discuss the financial results and conduct a Q&A session, reflecting the company's desire to enhance investor trust through direct engagement.
- Webcast Information: The call will be available via a live webcast on the company's Investor Relations section, encouraging participants to register 15 minutes early, showcasing the company's emphasis on technical support and user experience.
- Operational Scale Overview: As of April 6, 2026, SmartStop owns or manages over 460 self-storage properties across 35 states and Canada, comprising over 275,000 units and more than 35 million rentable square feet, highlighting its strong market presence.
See More
Strategic Storage Trust VI Financial Highlights for 2025
- Significant Revenue Growth: As of December 31, 2025, Strategic Storage Trust VI reported total revenues of approximately $30.7 million, an increase of about $2.5 million or 8.8% compared to 2024, indicating strong performance and sustained growth potential in the self-storage market.
- Same-Store Revenue and NOI Increase: Same-store revenues rose by approximately $0.6 million, or 4.6%, while same-store net operating income (NOI) increased by about $0.7 million, or 8.6%, reflecting effective strategies in pricing and occupancy management.
- Development Projects Progressing Well: The company successfully brought four Canadian joint venture properties online in 2025, with an average occupancy of only 41%, yet early demand trends are promising, suggesting these properties will significantly contribute to future growth and expand the footprint in the Greater Toronto Area and Quebec.
- Daily Distribution Declaration: On December 22, 2025, the board declared a daily distribution rate of approximately $0.001698 per share for all common stockholders, demonstrating the company's financial prudence and commitment to shareholder returns.
See More
SmartStop Self Storage REIT Q1 Earnings Report
- Disappointing Earnings: SmartStop Self Storage REIT reported a Q1 GAAP EPS of -$0.45, missing expectations by $0.55, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: Despite the EPS miss, SmartStop achieved revenue of $7.8 million, reflecting a 6.1% year-over-year increase, suggesting resilience in sales capabilities that could lay the groundwork for future recovery.
- Guidance Adjustment: The company narrowed its 2026 same-store revenue guidance to a range of -0.25% to 1.75%, reflecting uncertainty in future market conditions, while projecting adjusted FFO per share between $1.94 and $2.04, indicating a cautious outlook on cash flow.
- Market Rating Attention: Seeking Alpha's Quant Rating highlights SmartStop Self Storage REIT's market performance, prompting investors to closely monitor its future financial results and market reactions to assess investment risks.
See More
Strategic Storage Trust VI Reports Q1 2026 Financial Results
- Revenue Growth: Total revenues for Q1 2026 reached approximately $7.8 million, reflecting a $0.5 million increase or 6.5% year-over-year, indicating steady demand and growth potential in the self-storage market.
- Same-Store Performance: Same-store revenues increased by about $0.2 million or 4.2%, while same-store net operating income (NOI) grew by 2.0%, underscoring the resilience and adaptability of the company's operating platform in a competitive landscape.
- Increased Net Loss: The net loss attributable to common stockholders rose by approximately $1.9 million or 18.7%, primarily driven by foreign currency adjustments and investments in unconsolidated real estate ventures, reflecting challenges in the pursuit of long-term value creation.
- Development Project Progress: In Q1 2026, the company successfully opened the Etobicoke property, offering approximately 980 units and 90,300 net rentable square feet, although the occupancy rate was only 3%, marking a significant milestone in the company's expansion in the Greater Toronto Area.
See More
SST VI Recognized as Top Lifecycle REIT
- Outstanding Performance: As of March 31, 2026, SST VI was recognized by Robert A. Stanger & Co. as the top-performing Lifecycle REIT over a three-year period, achieving a total return of approximately 13.0%, demonstrating its strong performance and investment value in the self-storage sector.
- Strategic Investment Positioning: During the pandemic, SST VI focused on strategically positioning its portfolio by targeting underserved growth markets in the U.S. and expanding into Canada through its sponsor's platform, showcasing its adaptability amid market fluctuations.
- Commitment to Operational Excellence: SST VI's President and CEO, H. Michael Schwartz, stated that this recognition reflects the resilience of the self-storage sector and the dedication of the team, emphasizing the company's long-term commitment to operational excellence and sustained value creation.
- Portfolio Expansion: As of May 14, 2026, SST VI operates 13 properties in the U.S. with approximately 9,015 units and 1,079,395 rentable square feet, alongside 12 properties in Canada with about 11,185 units and 1,158,015 rentable square feet, highlighting its significant presence in the North American market.
See More
SmartStop Self Storage REIT Q1 Earnings Exceed Expectations
- Strong Financial Performance: SmartStop Self Storage REIT reported a Q1 FFO of $0.49, exceeding market expectations by $0.41, indicating robust profitability within the self-storage sector.
- Significant Revenue Growth: The company achieved revenues of $78.31 million in Q1, reflecting a 19.6% year-over-year increase and surpassing analyst expectations by $3.94 million, showcasing its ongoing expansion and strong customer demand in the North American market.
- Increased Investor Confidence: Following the earnings beat, shareholder confidence in SmartStop's future growth prospects is likely to rise, potentially driving up stock prices and attracting more investor interest.
- Optimistic Market Outlook: With the continued growth of the North American self-storage market, SmartStop's strategic investments and expansion plans are expected to further solidify its market position, providing strong support for future revenue growth.
See More
SmartStop Self Storage REIT to Release Q1 2026 Financial Results
- Earnings Release Schedule: SmartStop Self Storage REIT will release its financial results for Q1 2026 after market close on May 6, 2026, indicating the company's commitment to transparency and investor communication.
- Conference Call Details: Management will host a conference call on May 7, 2026, at 12:00 p.m. Eastern Time to discuss the financial results and conduct a Q&A session, reflecting the company's desire to enhance investor trust through direct engagement.
- Webcast Information: The call will be available via a live webcast on the company's Investor Relations section, encouraging participants to register 15 minutes early, showcasing the company's emphasis on technical support and user experience.
- Operational Scale Overview: As of April 6, 2026, SmartStop owns or manages over 460 self-storage properties across 35 states and Canada, comprising over 275,000 units and more than 35 million rentable square feet, highlighting its strong market presence.
See More
Strategic Storage Trust VI Financial Highlights for 2025
- Significant Revenue Growth: As of December 31, 2025, Strategic Storage Trust VI reported total revenues of approximately $30.7 million, an increase of about $2.5 million or 8.8% compared to 2024, indicating strong performance and sustained growth potential in the self-storage market.
- Same-Store Revenue and NOI Increase: Same-store revenues rose by approximately $0.6 million, or 4.6%, while same-store net operating income (NOI) increased by about $0.7 million, or 8.6%, reflecting effective strategies in pricing and occupancy management.
- Development Projects Progressing Well: The company successfully brought four Canadian joint venture properties online in 2025, with an average occupancy of only 41%, yet early demand trends are promising, suggesting these properties will significantly contribute to future growth and expand the footprint in the Greater Toronto Area and Quebec.
- Daily Distribution Declaration: On December 22, 2025, the board declared a daily distribution rate of approximately $0.001698 per share for all common stockholders, demonstrating the company's financial prudence and commitment to shareholder returns.
See More
