SmartStop Self Storage REIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:48 pm EDT
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SmartStop Self Storage REIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 51.68 million compared to USD 46.47 million a year ago. Revenue was USD 59.59 million compared to USD 51.79 million a year ago. Net income was USD 3.51 million compared to USD 12.25 million a year ago.
For the six months, sales was USD 102.95 million compared to USD 89.53 million a year ago. Revenue was USD 116.73 million compared to USD 99.77 million a year ago. Net income was USD 5.2 million compared to USD 15.12 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.
SmartStop Self Storage REIT, Inc. (SmartStop) is a self-managed real estate investment trust (REIT) with a fully integrated operations team of approximately 500 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. It focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.
SMARTSTOP SELF STORAGE REIT, INC. 
