SmartStop Self Storage REIT, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $9.0 million, up approximately $3.8 million year over year
- ➤Q3 self-storage revenue $68.2 million, up approximately $3.6 million year over year
- ➤Q3 adjusted FFO per share $0.51, up approximately $0.04 year over year
- ➤Same-store NOI increased 4.9%; full-year same-store NOI guidance raised for fourth time
- ➤$200 million CAD senior notes issued at approximately 4.32% interest, due 2031
Expert Statements
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“SmartStop delivered another strong quarter, with sector-leading same-store NOI growth of 4.9% and FFO as adjusted per share growth of over 9%, even with a currency headwind.”
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“2.0% same-store revenue growth and a 3.8% reduction in same-store operating expenses expanded our operating margin by 190 basis points, our third consecutive quarter of margin improvement.”
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“These results allowed us to raise our full-year same-store NOI guidance for the fourth time this year.”
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“We also put the Deca Initiative to work”
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“We are expanding our Canadian platform by over 30% through our pending investment in Strategic Storage Canada, launched a programmatic investment partnership, and issued a $200 million CAD Maple Bond at attractive long term pricing, all while reducing our leverage.”
H. Michael Schwartz, Founder, Chairman and Chief Executive Officer of SmartStop
“We entered the fourth quarter with momentum and remain focused on compounding long-term value per share for our shareholders.”
SmartStop Self Storage REIT, Inc. Reports Third Quarter 2026 Results
SmartStop Self Storage REIT, Inc. (“SmartStop” or “the Company”), a self-managed and fully-integrated self storage company, announced its overall results for the three and nine months ended September 30, 2026.
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