Smartstop Self Storage REIT Inc (NYSE:SMA)

Q4 2025 SmartStop Self Storage REIT Inc Earnings Call Transcript

Feb 26, 2026 / 05:00 PM GMT

Release Date Price: $33 (+0.21%)

Transcript 10-K8-K

Key Points

Positve

Smartstop Self Storage REIT Inc (SMA) reported a strong fourth quarter with same store revenue growth of 40 basis points and an average occupancy of 92.3%.
The company achieved a 29.8% year-over-year increase in FFO as adjusted per share, reaching $0.55 for the quarter.
Smartstop Self Storage REIT Inc (SMA) successfully acquired a Class A operating property in Orlando and a parcel of land in Canada for future development.
The company closed on Argus professional storage management, adding over 220 managed properties and 400 employees to its team.
Smartstop Self Storage REIT Inc (SMA) completed the recast of a $500 million syndicated bank facility, reducing borrowing costs by 30 basis points.

Negative

The last six weeks of the year came in below expectations due to a competitive pricing environment and higher than expected move-outs, particularly in Asheville.
Revenue growth was below expectations for the quarter, with a 30 basis point decrease in NOI.
The pricing environment in the fourth quarter was more competitive than expected, leading to increased use of concessions and discounting.
Move-in rates were down 8% year-to-date in 2026 across the same store portfolio, with achieved move-in rates down 11% on average.
The company faces continued uncertainty and choppiness around demand, with a slow recovery in the self-storage sector expected in 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SMA.N - SmartStop Self Storage REIT Inc
Q4 2025 SmartStop Self Storage REIT Inc Earnings Call
Feb 26, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone.

Thank you for joining us and welcome to the Smart Stop Self storage REIT 4th quarter 2025 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press 1 on your telephone keypad. To withdraw your question, press 1 again.

I will now hand the call over to David Korak, Senior Vice President of Corporate Finance and strategy. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Before we begin, I would like to remind

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