SmartStop Self Storage reports Q2 adjusted FFO 42c, consensus 43c

Reports Q2 revenue $66.82M, consensus $65.62M. “We posted a highly successful inaugural quarter as a publicly traded REIT,” said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. “We had a robust second quarter, both in terms of performance and activity, as we execute on the business plan we outlined earlier this year. The quarter was highlighted by capital raises totaling over $1.3B, transforming both our balance sheet and our Company’s future in the public markets, for the better. Additionally, we have been prudently deploying our IPO proceeds, with total capital deployment of nearly $200M during the quarter. Lastly, we bolstered our Board of Directors with the addition of Lora Gotcheva after quarter end.”