Earnings ·
SmartStop Self Storage REIT reported second quarter 2026 financial results on August 5, 2026
STSFFSmartStop Self Storage REIT, Inc.
SmartStop Self Storage REIT reported second quarter 2026 financial results on August 5, 2026. Net income attributable to common stockholders rose approximately $19.6 million year-over-year to $11.2 million, or $0.20 per share. Total self storage-related revenues increased by approximately $4.9 million to $65.8 million. Funds from operations as adjusted (FFOa) grew 20% to $29.3 million, or $0.49 per diluted share. Same-store NOI increased 3.7%, driven by a 1.3% revenue increase and 3.4% expense decrease. The company deployed over $46 million into acquisitions and bridge capital investments during the quarter. Additionally, SmartStop announced an annualized distribution of $1.60 per share for June through August 2026, paid monthly on or about July 15, August 14, and September 15, 2026. The company operates in the self-storage real estate industry.