SmartStop reports Q3 2026 earnings, raises full‑year guidance and announces acquisitions and joint venture
SmartStop Self Storage REIT posted third‑quarter net income of about $9.0 million, or $0.16 per share, and total revenues of $68.2 million, all up versus 2025. Adjusted FFO rose to $30.3 million, or $0.51 per share, and same‑store revenue grew 2.0% while same‑store NOI increased 4.9% on a reported basis. The company lifted its full‑year adjusted FFO guidance to $2.01‑$2.05 per share and announced a $53 million investment in a Canadian joint venture, a $37 million acquisition of two properties, a $200 million CAD Maple Bond issuance, and a plan to dispose of $75‑$125 million of non‑core assets starting in 2027.
Why it matters
The raised FFO guidance signals higher expected cash flow for shareholders, while the capital deployment and upcoming disposals could affect leverage and dilute per‑share earnings in the short term. Investors will watch the execution of the joint venture and acquisitions for future growth.
Key facts
- 1Quarterly net income attributable to common stockholders was approximately $9.0 million, an increase of $3.8 million versus the same quarter in 2025. sec.gov
- 2Net income per share (basic and diluted) was $0.16, up $0.07 per share from the same quarter in 2025. sec.gov
- 3Total self‑storage‑related revenues were approximately $68.2 million, an increase of $3.6 million versus the same quarter in 2025. sec.gov
- 4Adjusted FFO was approximately $30.3 million, an increase of $2.9 million versus the same quarter in 2025. sec.gov
- 5Adjusted FFO per share (diluted) was $0.51, up $0.04 per share versus the same quarter in 2025. sec.gov
- 6Same‑store revenue grew 2.0% (reported), same‑store operating expenses fell 3.8% (reported), and same‑store NOI grew 4.9% (reported) compared with the same quarter in 2025. sec.gov
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.