SmartStop Self Storage REIT, Inc. Reports First Quarter 2026 Results
SmartStop Self Storage REIT reported Q1 2026 Adjusted FFO of $28.8 million, or $0.49 per share, up 19.3% year-over-year, driven by sector-leading same-store NOI growth of 2.0%. The company successfully refinanced with a new $500 million senior credit facility at rates approximately 30 basis points lower than the previous facility, improving financial flexibility.
Key figures
- Eps
- 0.17
- Revenue
- $64.8 million
- Guidance
- FFO, as adjusted per share range for 2026: $1.94 - $2.04
- Revenue Yoy
- 9.4%
- Net income
- $9.6 million
- Ffo as adjusted
- $28.8 million
- Same store noi growth
- 2.0%
- Ffo as adjusted per share
- 0.49
- Same store revenue growth
- 1.5%
AI analysis
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