Smartstop Self Storage REIT | 8-K: FY2026 Q2 Revenue: USD 79.28 M

Revenue: As of FY2026 Q2, the actual value is USD 79.28 M.

EPS: As of FY2026 Q2, the actual value is USD 0.2.

EBIT: As of FY2026 Q2, the actual value is USD 29.11 M.

Financial Highlights for Three Months Ended June 30, 2026

Net Income

Net Income Attributable to Common Stockholders was $11.2 million, which represents an increase of $19.6 million compared to the same period in 2025.

Total Self Storage-Related Revenues

Total Self Storage-Related Revenues reached $65.8 million, an increase of $4.9 million compared to the same period in 2025.

Funds From Operations (FFO)

FFO, as Adjusted (Attributable to Common Stockholders and OP Unit Holders) was $29.3 million, an increase of $4.9 million compared to the same period in 2025.

Same-Store Performance

Same-Store Revenues increased by 1.3% compared to the same period in 2025. Same-Store Property Operating Expenses decreased by 3.4% compared to the same period in 2025. Same-Store Net Operating Income (NOI) increased by 3.7% compared to the same period in 2025. Same-Store Operating Margins were 67.3%, an increase of 150 basis points year over year. Same-Store Average Physical Occupancy was 92.5%, representing a decrease of approximately 0.6% compared to the same period in 2025. Same-Store Annualized Rent Per Occupied Square Foot was $20.33, an increase of approximately 1.9% compared to the same period in 2025.

Financial Highlights for Six Months Ended June 30, 2026

Net Income

Net Income Attributable to Common Stockholders was $20.8 million, an increase of $37.6 million compared to the same period in 2025.

Total Self Storage-Related Revenues

Total Self Storage-Related Revenues were $130.7 million, an increase of $10.6 million compared to the same period in 2025.

Funds From Operations (FFO)

FFO, as Adjusted (Attributable to Common Stockholders and OP Unit Holders) was $58.1 million, an increase of $22.5 million compared to the same period in 2025.

Same-Store Performance

Same-Store Revenues increased by 1.4% compared to the same period in 2025. Same-Store Property Operating Expenses decreased by 1.4% compared to the same period in 2025. Same-Store Net Operating Income (NOI) increased by 2.9% compared to the same period in 2025. Same-Store Average Physical Occupancy was 92.5%, a decrease of approximately 0.2% compared to the same period in 2025. Same-Store Annualized Rent Per Occupied Square Foot was $20.22, an increase of approximately 1.5% compared to the same period in 2025.

Acquisitions and Other Investments

Acquisitions

SmartStop Self Storage REIT, Inc. acquired three self-storage facilities in Spartanburg, South Carolina for approximately $29.7 million in June.

Third Party Management

As of June 30, 2026, SmartStop Self Storage REIT, Inc. managed approximately 220 stores, totaling approximately 15.7 million net rentable square feet on its third-party platform.

Bridge Lending and Preferred Investment

SmartStop Self Storage REIT, Inc. closed a preferred investment of approximately $16.3 million and its first preferred investment with joint venture partner AXCS for approximately $3.1 million, with a weighted average yield of approximately 10.9%.

Managed REIT Platform

Assets under management for the Managed REITs were approximately $1.0 billion at quarter end. SmartStop Self Storage REIT, Inc. will receive a $2.0 million negotiated payment in connection with the SSGT III merger into SST VI and will continue to serve as advisor and property manager to the combined company.

Eminent Domain

SmartStop Self Storage REIT, Inc. recognized a gain on disposition of approximately $0.5 million from an eminent domain proceeding for the Asheville III property.

Declared Distributions

For June, July, and August 2026, SmartStop Self Storage REIT, Inc.’s board approved an annualized distribution of $1.60 per share.

Outlook for Full Year 2026

SmartStop Self Storage REIT, Inc. updated its full-year 2026 guidance as of August 5, 2026. The company projects Same-Store Revenue growth between 0.50% and 1.50% and Same-Store Net Operating Income (NOI) growth between 0.65% and 1.65% for both U.S. dollar and constant currency metrics. Key financial projections include Non Same-Store Net Operating Income between $19.9 million and $20.7 million, Managed REIT Adjusted EBITDA between $13.65 million and $14.25 million, and total capital deployment for acquisitions, loans, bridge loans, and preferred investments expected to be between $55.0 million and $75.0 million.