SMA · SmartStop Self Storage REIT, Inc.
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. SmartStop (SMA) reported Q2 2026 same-store NOI growth of 3.7% and a 150 bps margin expansion, driven by operating leverage and insurance savings, while raising 2026 same-store NOI guidance and FFOa per share guidance. The company deployed over $46 million into acquisitions and bridge investments and reduced cash flow leverage, though same-store occupancy declined 0.6% and GTA Canada is facing tougher comps amid new competitive entry by Public Storage.
- + Same-store operating margins expanded 150 bps year-over-year to 67.3%
- + Raised 2026 capital deployment guidance to $55–$75 million range
- + FFOa per share grew 17.6% year-over-year to $0.49; reduced cash flow leverage while deploying capital
- − Same-store occupancy declined 60 bps to 92.5% year-over-year
- − Asheville occupancy comp averaging down ~230 bps YoY due to natural disaster and eminent domain; expected underperformer through Q3
- − Public Storage's pending PS Canada acquisition creates a new competitor primarily overlapping SmartStop's GTA portfolio
- − Canadian GTA same-store revenue declined 1% on constant currency basis with tougher 2025 comps; full-year expected to run modestly below U.S. portfolio
- − Eminent domain takings of ~80% of Asheville III and ~20% of Asheville IV removed two properties from same-store pool
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SMA
this stock
SmartStop Self Storage REIT, Inc.
|
$1.80B | +5.3% | +5.7% | 62.6 | 7.4% |
|
PLD
Prologis, Inc.
|
$128.05B | +7.6% | +7.2% | 34.6 | 1.7% |
|
PSA
Public Storage
|
$53.04B | +16.4% | +2.7% | 28.9 | 3.0% |
|
EXR
Extra Space Storage Inc.
|
$29.42B | +6.9% | +3.7% | 30.8 | 2.3% |
|
EGP
Eastgroup Properties Inc
|
$10.68B | +11.5% | +12.7% | 34.9 | 3.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SMA | -1.4% | -5.0% | -0.1% | +0.3% | +5.3% |
| SPY | +0.1% | -0.4% | +15.1% | +0.4% | +12.9% |
| vs SPY | -1.5% | -4.6% | -15.2% | -0.1% | -7.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.