Inferra AI / Company / SMA
SmartStop Self Storage REIT, Inc.
SMA · Real Estate
Last earnings Sep 29, 2026
Key results
Revenuequarter
1.6%
Despite the choppiness, in 2025 we delivered sector leading same-store revenue growth of 1.6% and sector leading FFO as Adjusted per share growth of 10.0%.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Net incomequarter
$2.8 million
” Three Months Ended December 31, 2025 Financial Highlights: • Net income attributable to common stockholders was approximately $2.8 million.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
• Total self storage-related revenues were approximately $64.8 million, an increase of approximately $8.9 million when compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Same-store revenuequarter
0.4%
• Same-store revenues increased by 0.4%, same-store property operating expenses increased by 2.0%, while same-store net operating income (“NOI”) declined by 0.3% compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
• On a constant currency basis for our Canadian properties included in our wholly owned same-store pool, our aggregate same-store revenues for all properties included in the pool increased by 0.4%, same-store expenses increased by 1.9%, while same-store NOI decreased by 0.3% compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
• Total self storage-related revenues were approximately $249.5 million, an increase of approximately $30.5 million when compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
• Same-store revenues increased by 1.6%, same-store property operating expenses increased by 3.8%, while same-store net operating income (“NOI”) increased by 0.6% compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
• On a constant currency basis for our Canadian properties included in our wholly owned same-store pool, our aggregate same-store revenues for all properties included in the pool increased by 1.8%, same-store expenses increased by 4.0%, while same-store NOI increased by 0.8% compared to the same period in 2024.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Net incomefull-year
$2,971
Net income $ 2,971 $ (151 )
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
AI analysis
Q4 2025 · reported Feb 25, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q4 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 1.6% | — | — |
| Net income | $2.8 million | — | — |
| Same-store revenue | 0.4% | — | — |
Guidance · company-stated
“0.5% 2.0%”
“2.0% 4.0%”
“1.8% 1.0%”
Guidance stated in the release's Business Outlook table for FULL YEAR 2026; no direction stated — figures as stated in the table.
Capital allocation
Financing Activities On October 31, 2025, ten of our joint ventures with SmartCentres closed on a $160 million CAD term loan (the “RBC JV Term Loan III”) with RBC pursuant to which ten of our joint venture subsidiaries that each own 50% of a Joint Venture property serve as borrowers (the “RBC Borrowers III”).
The RBC JV Term Loan III is secured by first mortgages on ten of the Canadian JV Properties, most of which were previously encumbered by either the RBC JV Term Loan, the RBC JV Term Loan II or the SmartCentres Financings .
Event summary
Reports Fourth Quarter 2025 Results LADERA RANCH, CA – February 25, 2026 – SmartStop Self Storage
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “Revenue -0.5% 2.0%”
Operating expense: “Operating expense 2.0% 4.0%”
operating income: “operating income -1.8% 1.0%”
Revenue (“FULL YEAR 2026”)
“Revenue -0.5% 2.0%”
Operating expense (“FULL YEAR 2026”)
“Operating expense 2.0% 4.0%”
operating income (“FULL YEAR 2026”)
“operating income -1.8% 1.0%”
Guidance stated in the release's Business Outlook table for FULL YEAR 2026; no direction stated — figures as stated in the table.
Capital allocation
Financing Activities On October 31, 2025, ten of our joint ventures with SmartCentres closed on a $160 million CAD term loan (the “RBC JV Term Loan III”) with RBC pursuant to which ten of our joint venture subsidiaries that each own 50% of a Joint Venture property serve as borrowers (the “RBC Borrowers III”).
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
The RBC JV Term Loan III is secured by first mortgages on ten of the Canadian JV Properties, most of which were previously encumbered by either the RBC JV Term Loan, the RBC JV Term Loan II or the SmartCentres Financings .
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
The RBC JV Term Loan III matures on November 1, 2030, which may be extended by one additional year, subject to certain terms.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Interest on the RBC JV Term Loan III is fixed at an annual rate of 3.87%, and monthly payments include interest and principal, amortized on a 30 year basis until maturity.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Proceeds from the RBC JV Term Loan III were used to fully pay down the outstanding principal and accrued interest on the RBC JV Term Loan, the RBC JV Term Loan II, and the SmartCentres Financing.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
We serve as a recourse guarantor with respect to $80 million CAD of the obligations under the RBC JV Term Loan III.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Strategy & priorities
Managed REIT Platform Update SmartStop, through an indirect subsidiary, serves as the sponsor of Strategic Storage Growth Trust III, Inc.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
(“SSGT III”), Strategic Storage Trust VI, Inc.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
(“SST VI”), and Strategic Storage Trust X (“SST X” together with SSGT III and SST VI, the “Managed REITs”).
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
3 Contact: David Corak SVP of Corporate Finance & Strategy SmartStop Self Storage REIT, Inc.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
(9) Pursuant to the Sponsor Funding Agreement, SmartStop funded certain costs of SST VI’s share sales, and in return receives Series C Units in Strategic Storage Operating Partnership VI, L.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Risks & headwinds
Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: • disruptions in the economy, including debt and banking markets and foreign currency, including changes in the Canadian Dollar ( CAD )/U.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
For further information regarding risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “Risk Factors” sections of the documents we file from time to time with the SEC, including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2025, a copy of which may be obtained from our website at investors.
SEC original ↗SmartStop Self Storage REIT, Inc. — Earnings release (8-K exhibit)EX-99Feb 25, 2026
Legal Proceedings 96 Item 1A.
SEC original ↗SmartStop Self Storage REIT, Inc. — 10-Q Quarterly report10-QAug 7, 2026
Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: disruptions in the economy, including debt and banking markets and foreign currency, including changes in the Canadian Dollar ( CAD )/U.
SEC original ↗SmartStop Self Storage REIT, Inc. — 10-Q Quarterly report10-QAug 7, 2026
The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions.
SEC original ↗SmartStop Self Storage REIT, Inc. — 10-Q Quarterly report10-QAug 7, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documentsEarnings releases
7 documentsPresentations
0 documentsNo presentations for SmartStop Self Storage REIT, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for SmartStop Self Storage REIT, Inc. are held in this edition of the library.
Mentioned by
3 companiesOther tracked companies whose held documents mention SmartStop Self Storage REIT, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
Scholar Rock Holding Corp (SRRK)
“ to dramatically improving the lives of children and adults with spinal muscular atrophy (SMA) and additional… …This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, inclu”
“scle functions, including breathing, swallowing and basic movement. 11-14 The severity of SMA varies across a spectrum of types that each correspond to the copy… …release contains forward-looking statements within the meaning of the United States Pr”
“llion) and extending the maturity of … …Strategic Storage Trust VI, Inc., an affiliate of SmartStop Self Storage REIT, Inc. of $150.0 million with dividend rate of 8.35%. • Added 54 stores (47 stores net) to the Company's third-party management platf”
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