SmartStop Q1 net income $9.6M vs year-ago loss, FFO as adj $0.49/share +19.5% YoY

SmartStop Self Storage REIT, Inc.

Net income attributable to common stockholders $9.6M ($0.17/diluted share) vs loss of $8.4M ($0.35 loss) in Q1 2025.
FFO as adjusted per diluted share & OP unit $0.49, up 19.5% from $0.41 YoY.
Same-store revenue +1.5%, same-store NOI +2.0%; first NOI margin expansion in several years.
Closed new $500M unsecured credit facility (accordion to $1.6B) at rates ~30bps lower than prior facility.
FY 2026 FFO as adjusted guidance narrowed to $1.94-$2.04 per diluted share (from $1.93-$2.05).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SmartStop Self Storage REIT, Inc. reported three months ended March 31, 2026 results: revenue approximately $64.8 million, net income approximately $9.6 million, EPS $0.17.

Period: three months ended March 31, 2026
Revenue: approximately $64.8 million
Net income: approximately $9.6 million
EPS: $0.17
Result: reported results

Exact text from the filing

and diluted) was $0.17. This represents an increase of approximately $0.52 when compared to the same period in 2025. • Total self storage-related revenues were approximately $64.8 million, an increase of approximately $5.6 million when compared to the same period in 2025. • FFO, as adjusted (attributable to common stockholders and Operating Partnership (“OP”) unit

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Source: SEC EDGAR

accession 0001193125-26-208952

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