Smartstop Self Storage REIT Q2 Earnings Call Highlights

Impact · against what's priced in

SMA is the primary beneficiary here, as raised FFO guidance and a shift to positive same-store NOI growth indicate an operational turnaround. The results are positive for SR.TO via its joint venture, while PSA faces a competitive headwind in Canada.

SMA+0.70

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In context

SmartStop raised its full-year FFO as adjusted guidance to $1.98-$2.04 and shifted its same-store NOI growth midpoint from -0.25% to 1.15%.

Read from the article alone

• guidance
• earnings
• PSA
• SMA
• SR.TO
• acquisitions
• ffo
• occupancy
• real estate
• reit
• self storage