SmartStop Self Storage Q2 revenue rises on rent growth
SMA•Outlook
SmartStop raised 2026 same-store NOI and FFOa per share guidance.
The company expects efficiencies from scale and expense control to support future results.
SmartStop said the Deca Initiative will guide growth in coming years.
Key drivers
- Operating efficiencies — The company said improved same-store results were driven by its revenue management platform, operational teams, efficiencies from scale, and expense control.
- Acquisitions — The company deployed over $46 million in acquisitions and bridge capital investments during the quarter.
- Rent growth — Same-store annualized rent per occupied square foot increased 1.9% year over year.
Quarterly results
SmartStop Self Storage Q2 revenue rose 8% year over year to $65.8 million.
Q2 adjusted FFO per share grew 17.6% year over year to $0.49.
The company completed $46 million in acquisitions and bridge investments during the quarter.
