Jun 2026 (Q2 FY26) — Aug 6, 2026
SmartStop Self Storage Q2 FY26 — Strong Same-Store NOI Growth and Raised Guidance
Read the full callSmartStop Self Storage earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 79.3 | +18.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 22.6 | +7.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 11.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $35.56 on 14 Oct 2025 → $33.93. High $37.95 (23 Oct 2025), low $29.63 (19 May 2026).
Overview
Call summaries
SmartStop Self Storage Q2 FY26 — Strong Same-Store NOI Growth and Raised Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: +234% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 60 | 61 | 65 | 67 | 70 | 78 | 78 | 79 |
| Expenses | 42 | 43 | 48 | 57 | 58 | 60 | 63 | 62 |
| Operating profit | 18 | 18 | 17 | 10 | 13 | 19 | 16 | 18 |
| Operating margin | 29.4% | 29.4% | 26.3% | 15.4% | 18.1% | 24.0% | 20.7% | 22.6% |
| Interest | 19 | 19 | 22 | 12 | 13 | 13 | 13 | 13 |
| Net profit | -6 | -4 | -8 | -8 | 5 | 3 | 10 | 11 |
| EPS ($ per share) | -0.26 | — | -0.35 | -0.16 | 0.09 | — | — | — |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | — | — | — | 0 |
| Reserves | -62 | -87 | -141 | -171 | -165 | -167 | -186 | -194 |
| Total liabilities | 419 | 776 | 785 | 943 | 1,112 | 1,132 | 1,371 | 1,152 |
| Total assets | 796 | 1,311 | 1,282 | 1,618 | 1,947 | 1,896 | 2,042 | 2,432 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 18 | 10 | 27 | 59 | 88 | 73 | 64 | 85 |
| Cash from investing | -3 | -348 | -29 | -120 | -205 | 0 | -181 | -381 |
| Cash from financing | -13 | 392 | 14 | 26 | 120 | -66 | 95 | 325 |
| Net cash flow | 2 | 55 | 12 | -36 | 1 | 7 | -24 | 30 |
| Capital expenditure | -2 | -9 | -1 | -65 | -73 | -16 | -146 | -304 |
| Free cash flow | 16 | 0 | 26 | -6 | 15 | 58 | -82 | -219 |
12 filings between Nov 11, 2025 and Sep 16, 2026.
Purchases
$218.3K
2 purchases by 2 insiders
Sales
$146.2K
9 sales by 2 insiders
67% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Schwartz H. Michael | $198.2K | — | Nov 17, 2025 |
| Mueller David J | — | $96.0K | Sep 16, 2026 |
| Look Nicholas | — | $50.3K | Aug 14, 2026 |
| Barry James R. | $20.1K | — | Nov 11, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 16, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $13.6K |
| Aug 17, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $14.3K |
| Aug 14, 2026 | Look Nicholas General Counsel and Secretary | Sale | 1,025 | $35.2K |
| Jul 16, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $14.2K |
| Jun 23, 2026 | Morris Timothy S. Director | Award | 3,075 | $0 |
| Jun 16, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $13.8K |
| May 18, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $12.6K |
| Apr 16, 2026 | Mueller David J Director | Sale | 425 | $13.5K |
| Mar 16, 2026 | Mueller David J Director | Sale 10b5-1 plan | 425 | $13.9K |
| Nov 17, 2025 | Schwartz H. Michael Chief Executive Officer | Purchase | 6,250 | $198.2K |
| Nov 14, 2025 | Look Nicholas General Counsel and Secretary | Sale | 458 | $15.0K |
| Nov 11, 2025 | Barry James R. CFO and Treasurer | Purchase | 600 | $20.1K |
| Jun 24, 2025 | Morris Timothy S. Director | Award | 2,688 | $0 |
| Apr 3, 2025 | Schwartz H. Michael Chief Executive Officer | Purchase | 18,000 | $540.0K |
| Apr 2, 2025 | Terjung Michael O Chief Accounting Officer | Purchase | 6,000 | $180.0K |
| Apr 2, 2025 | Morris Timothy S. Director | Award | 1,833 | $0 |
| Apr 2, 2025 | Perry Harold Director | Purchase | 3,000 | $90.0K |
| Apr 2, 2025 | Johnson Wayne President and CIO | Purchase | 3,000 | $90.0K |
| Apr 2, 2025 | Look Nicholas General Counsel and Secretary | Purchase | 1,000 | $30.0K |
| Apr 2, 2025 | Robinson Joseph H Chief Operations Officer | Purchase | 500 | $15.0K |
| Apr 1, 2025 | Morris Timothy S. Director | Award | 7,333 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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