SmartStop Self Storage REIT, Inc. Reports First Quarter 2026 Results

About this update from Smartstop Self Storage Reit, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":293,"url":"https://media.zenfs.com/en/business-wire.com/410ef466830d77b18a1022164ac4f840"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GEgdjCkK6pNm3clq9zOnDw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4Ng--/https://media.zenfs.com/en/business-wire.com/410ef466830d77b18a1022164ac4f840","width":480,"height":293},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/e_A9PaqHrRigitkR1O8bTw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM5MQ--/https://media.zenfs.com/en/business-wire.com/410ef466830d77b18a1022164ac4f840","width":480,"height":293}},"lazy":false},{"type":"text","content":"LADERA RANCH, Calif., May 06, 2026--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ("SmartStop" or "the Company"), a self-managed and fully-integrated self storage company, announced its overall results for the three months ended March 31, 2026.","length":269,"tagName":"p"},{"type":"text","content":""We posted a strong quarter of growth, highlighted by same-store revenue growth of 1.5% and sector-leading same-store NOI growth of 2.0%, both of which had very difficult year-over-year comps," said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. "Our expense control initiatives and scale led to a quarter of muted operating expenses, in turn leading to 30 basis points of net operating income margin expansion in our same-store portfolio, the first year-over-year increase in several years."","length":537,"tagName":"p"},{"type":"text","content":""SmartStop has multiple levers of organic and external EBITDA growth across all aspects of our business," continued Mr. Schwartz. "These drivers, paired with the strong execution of our recast senior credit facility during the quarter, resulted in 19.3% growth of FFO, as adjusted per share year over year. Our dedicated SmartStop team will continue to execute our business plan throughout 2026."","length":416,"tagName":"p"},{"type":"text","content":"Three Months Ended March 31, 2026 Financial Highlights:","length":55,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income attributable to common stockholders was approximately $9.6 million. This represents an increase of appro...

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