SMA · SmartStop Self Storage REIT, Inc.
Price & Indicators
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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 BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Annualized rent per occupied square foot (same-store) | $20.33 | Three Months Ended June 30, 2026 filing | — |
| Annualized rent per occupied square foot (total) | $20.43 | Three Months Ended June 30, 2026 filing | — |
| Average physical occupancy (same-store) | 92.5% | Three Months Ended June 30, 2026 filing | — |
| Average physical occupancy (total) | 91.8% | Three Months Ended June 30, 2026 filing | — |
| Net operating income (same-store) non-GAAP | $37.13M | Three Months Ended June 30, 2026 filing | — |
| Net operating income (total) non-GAAP | $42.26M | Three Months Ended June 30, 2026 filing | — |
| Number of non same-store facilities | 25 | Three Months Ended June 30, 2026 filing | — |
| Number of same-store facilities | 155 | Three Months Ended June 30, 2026 filing | — |
| Rentable square feet (same-store) | 12,116,650 | Three Months Ended June 30, 2026 filing | — |
| Rentable square feet (total) | 14,104,500 | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
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.
|
$1.76B | +4.1% | +5.7% | 60.9 | 9.5% |
|
PLD
Prologis, Inc.
|
$124.05B | +1.7% | +7.2% | 33.5 | 2.0% |
|
PSA
Public Storage
|
$50.57B | +9.0% | +2.7% | 27.5 | 3.5% |
|
EXR
Extra Space Storage Inc.
|
$28.17B | +1.0% | +3.7% | 29.5 | 2.3% |
|
EGP
Eastgroup Properties Inc
|
$10.84B | +10.8% | +12.7% | 35.4 | 5.5% |
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 | +1.6% | -0.9% | +1.1% | -0.8% | +4.1% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +2.3% | -1.0% | -11.1% | -0.3% | -7.8% |
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.