$33.040
-0.347 (-1.05%)Zum Schluss
SMA-News
SMA-Events
SmartStop Reports Q2 Revenue of $79.276M, Beating Consensus
Reports Q2 revenue $79.276M, consensus $76.77M. "We posted a strong quarter of growth, highlighted by 17.6% year over year increase in our Funds from Operations as Adjusted per share," said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. "Our strong same-store results were driven by our revenue management platform, talented operations and store level teams, growing efficiencies from scale, and effective expense control. Further, our same-store operating margins were 67.3% this quarter, up 150 basis points year over year. These improvements in our core operations led us to increase our 2026 same store NOI guidance and FFOa per share guidance."
SmartStop Reports Q1 Revenue of $78.31M, Beating Expectations
Reports Q1 revenue $78.31M, consensus $74.37M. "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."
SmartStop Self Storage Forms Real Estate Credit JV Targeting $100 Million Investments
SmartStop Self Storage "announced the formation of a real estate credit joint venture targeting bridge debt and preferred equity investments across the self-storage sector in the United States. The Venture will deploy capital across the full spectrum of structured capital solutions, including senior loans, mezzanine financing, preferred equity, and hybrid instruments. Target investment scenarios include ground-up development financing, value-add acquisitions and conversions, and recapitalizations of existing assets requiring rescue or bridge capital. The Venture will have an initial target of $100 million in invested capital and the ability to recycle capital throughout the Venture's term."
SmartStop Q4 Revenue at $61.99M, Below Consensus
Reports Q4 revenue $61.99M, consensus $71.93M. Same-store revenues increased by 0.4%, same-store property operating expenses increased by 2.0%, while same-store net operating income declined by 0.3% compared to the same period in 2024. "2025 was a truly transformational year for SmartStop," said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. "From our successful IPO to multiple Maple Bond offerings, nearly $335 million of high quality on-balance sheet acquisitions, and our acquisition of Argus Professional Storage Management, 2025 will certainly be a year to remember for our Company. Since our IPO in April, we have successfully executed on our business plan, and we look forward to continuing that success in 2026."
SmartStop Self Storage announces Q3 adjusted FFO per share of 47 cents, below consensus estimate of 52 cents.
Reports Q3 revenue $70.4M, consensus $69.88M. Reports Q3 EPS 9c, consensus 8c. "We have accomplished a tremendous amount in our short time as a publicly traded company," said H. Michael Schwartz, Chairman and Chief Executive Officer of SmartStop. "In the third quarter, we continued to successfully execute on the business plan we laid out on our public offering road show, highlighted by a CAD $200 million Maple Bond offering, nearly $90 million of high quality on-balance sheet acquisitions, and a transformative agreement to acquire Argus Professional Storage Management, accretively launching SmartStop into the third-party management business. We are encouraged by the sector's stabilization following years of elevated new supply," continued Mr. Schwartz. "However, the storage market undoubtedly remains choppy month-to-month, as customer demand ebbs and flows. Despite the choppiness, we delivered solid third quarter same-store results with average occupancy of 92.6% and sector leading revenue growth of 2.5%. We continue to be able to capture demand through our technology-driven North American platform. As sector fundamentals continue to stabilize, our accomplishments over the past seven months position SmartStop to achieve solid forward growth and to take advantage of an improving self-storage landscape."
Diese Seite dient nur der Recherche und ist keine Anlageberatung. Modelle können falsch liegen. Vergangene Wertentwicklung ist kein Indikator für die Zukunft.