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SmartStop (SMA) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKSยท 2025-08-07 01:31
Core Insights - SmartStop reported revenue of $66.82 million for the quarter ended June 2025, showing no change compared to the same period last year, with an EPS of $0.42 compared to $0 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $65.62 million by +1.83%, while the EPS fell short of the consensus estimate of $0.43 by -2.33% [1] Revenue Breakdown - Self storage rental revenue was $58.16 million, surpassing the average estimate of $56.03 million from four analysts [4] - Managed REIT Platform revenues reached $4.04 million, exceeding the average estimate of $3.45 million based on four analysts [4] - Ancillary operating revenue amounted to $2.73 million, compared to the average estimate of $2.38 million from four analysts [4] - Reimbursable costs from Managed REITs were reported at $1.9 million, above the average estimate of $1.75 million from two analysts [4] Net Income Performance - The net income (loss) per Class A & Class T share - Diluted was reported at $-0.16, which is below the average estimate of $0.01 from three analysts [4] Stock Performance - Over the past month, SmartStop's shares have returned -3.5%, while the Zacks S&P 500 composite has seen a +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]