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SmartStop Self Storage REIT, Inc. 10-Q Filings

SMA NYSE

Every 10-Q that SmartStop Self Storage REIT, Inc. (SMA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow SMA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMA filings page.

Rhea-AI Summary

SmartStop Self Storage REIT, Inc. reported stronger Q2 2026 results, with total revenues of $79.276 million versus $66.816 million a year earlier. Net income attributable to common stockholders was $11.246 million, or $0.20 per diluted share, compared with a net loss of $8.362 million, or $(0.16) per share in Q2 2025.

For the first six months of 2026, revenues were $157.586 million and net income attributable to common stockholders was $20.822 million, or $0.37 per diluted share, versus a loss of $16.767 million in the prior-year period. Growth was supported by higher self storage rental revenue, larger Managed Platform revenue, and higher investment and other income, while interest expense declined to $26.476 million.

As of June 30, 2026, total assets were $2.438 billion, including $2.056 billion of real estate facilities, net, funded in part by $1.120 billion of debt. Operating cash flow for the first half of 2026 rose to $43.911 million, and common stock distributions totaled $0.80 per share for the period.

Rhea-AI Summary

SmartStop Self Storage REIT, Inc. reported stronger results for the three months ended March 31, 2026. Total revenues rose to $78.3 million from $65.4 million, driven mainly by higher self storage rental revenue of $61.9 million and Managed Platform revenue of $6.6 million.

Net income attributable to common stockholders improved to $9.6 million, or $0.17 per diluted share, versus a loss of $8.4 million, or $(0.35), a year earlier. Operating cash flow increased to $24.2 million, while debt remained significant at $1.09 billion against total assets of $2.42 billion.

The company owned 177 wholly-owned self storage properties and, through its Managed Platform, managed more than 275 additional properties. It also put in place an at-the-market equity program allowing sales of up to $300 million of common stock, though no shares had been sold as of May 8, 2026.

Rhea-AI Summary

SmartStop Self Storage REIT, Inc. (SMA) filed its Q3 2025 report. The company reported Q3 total revenues of $70,429, driven by self storage rental revenue of $61,768, ancillary revenue of $2,825, and Managed REIT Platform revenues of $3,841. Net income was $5,548, and net income attributable to common stockholders was $5,227, or $0.09 per diluted share.

For the nine months, total revenues were $202,695. Operating costs rose with portfolio growth, including property operating expenses of $65,628 and depreciation of $46,741. Interest expense decreased to $12,521 in Q3. The company’s balance sheet expanded: total assets were $2,391,279, cash was $47,806, and debt, net, declined to $1,041,661. Equity increased to $1,289,230, reflecting capital structure changes, including the elimination of preferred stock and redeemable common stock by September 30, 2025.

Real estate facilities, net, reached $2,068,138. Managed REIT-related revenues and reimbursable costs contributed to the top line. Shares outstanding were 55,363,743 as of November 3, 2025. The quarter shows higher revenue and a return to profitability on a per-share basis alongside lower interest expense and reduced net debt.

Rhea-AI Summary

SmartStop Self Storage REIT, Inc. (SMA) reported results for the quarter ended June 30, 2025 showing revenue growth but a quarterly net loss. Total revenues for the three months were $66,816,000 (including $58,156,000 in self-storage rental revenue), and for the six months were $132,264,000. Income from operations for the quarter declined to $10,263,000 from $17,677,000 a year earlier, and the company recorded a quarterly net loss of $4,799,000 and a net loss attributable to common stockholders of $8,362,000. Basic and diluted net loss per share was $0.16 for the quarter and $0.43 for the six months.

On the balance sheet, total assets rose to $2,302,670,000 and total equity increased markedly to $1,302,575,000, driven by an underwritten public offering that generated gross proceeds of approximately $931,500,000 and a large increase in additional paid-in capital to $1,836,662,000. Debt, net decreased to $950,009,000 from $1,317,435,000. Operating cash provided was $18,555,000 for the six months, investing activities used $235,452,000 (including property purchases), and financing provided $230,091,000. The company continues to expand its portfolio and Managed REIT platform while managing capital structure changes.