SmartStop Self Storage sees FY25 adjusted FFO $1.85-$1.93, consensus $1.88

H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop, said: “We continue to see improving operating metrics across our portfolio as the sector stabilizes following years of elevated new supply,” continued Mr. Schwartz. “This is despite the macro-economic uncertainty we’ve experienced both in the U.S. and Canada. Our same-store occupancy averaged 93.1% during the quarter, 90 basis points ahead of last year. We have been opportunistic in our revenue management strategy during rental season and prudent in managing our operating expenses. This has led us to maintain the midpoint of our full year 2025 NOI guidance and raise the midpoint of our FFO, as adjusted per share guidance.”