SmartStop Self Storage REIT, Inc. (SMA)
NYSE:SMA
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Earnings Data
Report Date
Aug 06, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial tone: meaningful FFO growth (+19.3% YoY), solid occupancy near historical levels, margin expansion, a stronger liquidity/capital position (lower-cost credit facility, high fixed-rate debt, FX hedging), and strategic growth initiatives (land acquisition, SmartCentres JV, and Axxess bridge lending JV). Offsetting these positives were rate pressure on move-in rents per square foot, a March demand pullback with increased vacates, localized underperformance (Asheville) and regulatory headwinds in LA; guidance still allows for modest near-term declines in revenue and NOI. Overall, the company appears to be navigating cyclical and idiosyncratic pressures while delivering operational resilience and positioning for growth.Company Guidance
Solid Same-Store Operating Performance
Same-store revenue growth of 1.5% year-over-year, same-store NOI growth of 2%, and a 30 basis point increase in same-store operating margins (first YOY margin increase since 2023). 10 of the top 15 markets posted positive same-store NOI growth.
Strong Occupancy and Improving April Trends
Maintained average occupancy ~92.5% for the quarter, quarter-ending occupancy ~92.3%, and April occupancy improved to 92.6% (up ~30 bps from March and only ~45–50 bps down year-over-year). April move-in rates per unit were up ~1% year-over-year.
FFO and Guidance Progress
Reported fully diluted FFO as adjusted per share of $0.49, up 19.3% year-over-year. Company narrowed full-year same-store revenue and OpEx guidance ranges and tightened FFO as adjusted per share guidance to $1.94–$2.04 (from $1.93–$2.05). NOI growth midpoint improved from -40 bps to -25 bps.
Balance Sheet & Capital Actions
Recast $500 million syndicated bank facility at an all-in cost ~30 basis points lower than previous facility; facility matures Feb 2030 with a one-year extension and pricing step-down language tied to investment-grade ratings. 94% of outstanding debt fixed at quarter-end and Canadian FX cash flow exposure naturally hedged.
External Growth & Strategic Transactions
Acquired a parcel of land in Toronto to develop Class A storage via SmartCentres JV; completed strategic joint venture with Axxess Capital to provide bridge capital to self-storage sponsors, opening a new fee/investment channel and incremental third-party management opportunities.
Third-Party Management Momentum
Ended the quarter with 227 properties under management. Managed REIT recurring revenues annualized in Q1 were just over $16 million, contributing to higher managed REIT EBITDA expectations.
Operational & Digital Wins
Record web reservations for April of over 10,000 (up ~25% YoY) with a low abandonment rate; improved receivables management and longer length of stay year-over-year supporting unit availability and rental-season readiness.
Canadian Performance & FX Tailwind
Reported Canadian same-store revenue growth of 4.1% (reported) driven by a favorable FX tailwind; on a constant currency basis Canadian same-store revenue was roughly -50 bps, with GTA occupancy at 93.1% in April and in-place rates up ~1.5% year-over-year.
SMA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $32.09 | $33.48 | +4.33% |
Feb 25, 2026 | $32.52 | $32.59 | +0.21% |
Nov 05, 2025 | $33.63 | $33.28 | -1.04% |
Aug 06, 2025 | $33.67 | $33.38 | -0.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SmartStop Self Storage REIT, Inc. (SMA) report earnings?
SmartStop Self Storage REIT, Inc. (SMA) is schdueled to report earning on Aug 06, 2026, During Market Hours (Confirmed).
What is SmartStop Self Storage REIT, Inc. (SMA) earnings time?
SmartStop Self Storage REIT, Inc. (SMA) earnings time is at Aug 06, 2026, During Market Hours (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMA EPS forecast?
SMA EPS forecast for the fiscal quarter 2026 (Q2) is 0.1.