SMA SmartStop Self Storage REIT, Inc.
Price Chart
Executive Summary
SmartStop Self Storage REIT disclosed same-store operating metrics for December 2025 through February 2026. Physical occupancy remained stable at ~92.7%, while monthly web and move-in rates declined year-over-year, suggesting softer pricing power. In-place rates were flat to slightly up, indicating existing tenant retention at current rates.
Actionable Insight
Monitor upcoming earnings for same-store revenue growth trends; declining move-in and web rates may pressure future revenue growth despite stable occupancy.
Key Facts
- Same-store physical occupancy was 92.1% as of Dec 31, 2025 (vs 92.3% YoY), 92.7% as of Jan 31, 2026 (vs 92.1% YoY), and 92.7% as of Feb 28, 2026 (vs 92.7% YoY)
- Monthly web rates were $0.93 as of Dec 31, 2025 (vs $0.97 YoY), $0.91 as of Jan 31, 2026 (vs $1.05 YoY), and $0.95 as of Feb 28, 2026 (vs $1.01 YoY)
- Monthly move-in rates were $0.89 as of Dec 31, 2025 (vs $0.94 YoY), $0.85 as of Jan 31, 2026 (vs $1.00 YoY), and $0.87 as of Feb 28, 2026 (vs $0.90 YoY)
- Monthly in-place rates were $1.64 as of Dec 31, 2025 (vs $1.64 YoY), $1.64 as of Jan 31, 2026 (vs $1.63 YoY), and $1.65 as of Feb 28, 2026 (vs $1.64 YoY)
Financial Impact
Web rates down ~5-14% YoY, move-in rates down ~5-15% YoY, in-place rates flat to +0.6% YoY
Risk Factors
- Declining move-in and web rates suggest weakening demand or increased promotional activity
- Flat in-place rate growth indicates limited rent growth on renewals
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001585389-26-000005 |
| Document: 0001585389-26-000005-index-headers.html | 0001585389-26-000005 |
| Document: 0001585389-26-000005-index.html | 0001585389-26-000005 |
| Document: 0001585389-26-000005.txt | 0001585389-26-000005 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
8d ago
|
8-K
| $30.71 $30.28 | ▼ −1.40% | ▼ −0.68% | $31.67 (+3.13%) |
|
May 6, 2026
4w ago
|
8-K
| $33.48 $32.56 | ▼ −2.75% | ▼ −3.58% | $31.67 (−5.41%) |
|
May 4, 2026
5w ago
|
8-K
| $31.00 $32.09 | ▲ +3.52% | ▲ +2.13% | $31.67 (+2.16%) |
|
Mar 3, 2026
14w ago
|
8-K
| $32.21 $32.66 | ▲ +1.41% | ▲ +0.65% | $31.67 (−1.67%) |
|
Feb 25, 2026
15w ago
|
8-K
| $32.52 $32.73 | ▲ +0.63% | ▲ +1.18% | $31.67 (−2.62%) |
US Market Status
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