Mergers & Acquisitions ·
SmartStop raises full-year FFO guidance to $1.99-$2.05 after $140M in strategic investments
SMASmartStop Self Storage REIT, Inc.
SmartStop Self Storage REIT announced approximately $140 million in strategic investments, including a ~$54 million joint venture stake in 14 Canadian properties and two U.S. acquisitions for ~$37 million. The company raised its full-year 2026 FFO, as adjusted per share guidance to $1.99–$2.05 and increased same-store revenue and NOI growth estimates. These transactions are expected to be accretive by $0.05–$0.06 to 2027 estimated FFO, as adjusted. SmartStop also initiated a programmatic investment partnership for ~$48–$53 million in preferred/mezzanine loans and launched an asset management program targeting $75–$125 million in non-core property dispositions starting early 2027. The company operates self-storage facilities across the United States and Canada.