SmartStop Q2 FY26 FFO as adjusted per diluted share rises 16.67% to $0.49; self storage-related revenue increases to $65.8 million - SMA News | Rallies
SmartStop Self Storage REIT posted Q2 GAAP net income attributable to common stockholders of USD 11.2 million, swinging from a loss a year earlier; EPS was USD 0.20.
Q2 total self storage-related revenues rose 8.1% year over year to USD 65.8 million; same-store NOI climbed 3.7% as same-store expenses fell 3.4%.
Q2 non-GAAP FFO, as adjusted, increased 20.2% to USD 29.3 million; FFO, as adjusted per diluted share rose 16.7% to USD 0.49.
Same-store operating margin widened to 67.3%, up 1.5 percentage points year over year; same-store occupancy slipped 0.6 percentage points to 92.5%.
Raised full-year 2026 guidance for same-store NOI growth to 0.65%-1.65% and FFO, as adjusted per diluted share to USD 1.98-2.04.
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