SMA
SmartStop Self Storage REIT, Inc.32.03
-0.41-1.26%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Argus integration details; prudent growth levers
Q&A offered fresh details on Argus integration, providing owners a menu of branding and platform options sans forced shifts, with an operator summit slated for late January and initial lending already closed at double-digit yields. Management dialed back acquisition fervor without fresh equity, sticking to 5-6x leverage while highlighting same-store, JV, third-party management, and managed REIT growth levers. Toronto metrics impressed—92.5% occupancy up 80bps YoY despite supply—bolstering the Canada thesis. Margins run 300-500bps richer in scale markets. Answers reaffirmed scripted ops but added 2026 supply relief color. Toronto holds firm amid supply noise. Watch Argus scale benefits into 2026.
Key Stats
Market Cap
1.78BP/E (TTM)
213.53Basic EPS (TTM)
0.15Dividend Yield
0%Recent Filings
8-K
Same-store occupancy steady
SmartStop Self Storage REIT disclosed same-store metrics on January 8, 2026, showing physical occupancy steady at 92.1% as of December 31, 2025, versus 92.3% a year earlier. Web and move-in rates slipped to $0.91 and $0.88 from $0.97 and $0.94, while in-place rates held firm at $1.63. Pricing pressure bites. Metrics cover stabilized properties owned since January 1, 2024, excluding four others.
8-K
Declares $1.60 annualized dividend
8-K
Same-store occupancy steady
SmartStop Self Storage REIT disclosed same-store metrics on December 8, 2025, showing physical occupancy steady at 92.4% as of November 30, 2025, up slightly from 92.2% a year earlier. Yet web rates dipped to $0.97 from $1.02, and move-in rates fell to $0.91 from $0.99; in-place rates held firm at $1.63. Pricing pressure persists.
8-K
Same-store occupancy stable
SmartStop Self Storage REIT disclosed same-store metrics on November 17, 2025, showing stable physical occupancy at 92.5% as of October 31, 2025, matching prior-year growth. Yet web rates fell to $0.94 from $1.09, and move-in rates dropped to $0.85 from $1.04. In-place rates held steady at $1.64. Pricing pressure hit new renters hard.
IPO
Employees
Sector
Industry
CUBE
CubeSmart
35.79-0.76
ELS
Equity Lifestyle Properties, In
61.66-1.06
EXR
Extra Space Storage Inc
130.70-2.60
FR
First Industrial Realty Trust,
58.02-0.31
MAA
Mid-America Apartment Communiti
133.19+0.49
NSA
National Storage Affiliates Tru
28.67-0.70
PSA
Public Storage
267.48-4.90
SELF
Global Self Storage, Inc.
5.00+0.04
STAG
Stag Industrial, Inc.
37.17-0.39
SVAUF
Storagevault Canada Inc.
3.44+0.00