SmartStop (SMA) Q2 Revenue Jumps 13%

SmartStop Self Storage REIT (NYSE:SMA), a major owner and operator of self-storage facilities across the U.S. and Canada, reported its first earnings as a publicly traded real estate investment trust on August 6, 2025, covering results for the second quarter. The company reported total revenues of $66.8 million, exceeding consensus GAAP estimates of $56.8329 million and increasing 12.9% over the prior year. Its adjusted funds from operations (FFO)—a critical measure for assessing financial performance in REITs—came in at $0.42 per diluted share and OP unit. While total growth was robust, the company’s underlying same-store results reflected some softness, with net operating income slipping 1.1% despite an uptick in occupancy. Overall, the quarter highlighted operational progress, successful execution of strategic transactions, and a strong capital position post-IPO. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. SmartStop Self Storage REIT operates and manages a large portfolio of self-storage properties. Its facilities are spread across major regions in the United States and Canada, with over 18.7 million rentable square feet and 230 properties in its combined owned and managed portfolio as of August 6, 2025, benefiting from life events such as moving, transitions, or downsizing—these are principal drivers of consistent demand for self-storage services.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool