SmartStop Self Storage REIT, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:01 pm EST
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SmartStop Self Storage REIT, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 52.5 million compared to USD 51.02 million a year ago. Revenue was USD 58.7 million compared to USD 56.45 million a year ago. Net income was USD 2.51 million compared to USD 1.88 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the nine months, sales was USD 155.46 million compared to USD 140.55 million a year ago. Revenue was USD 175.43 million compared to USD 156.23 million a year ago. Net income was USD 7.72 million compared to USD 17 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.08 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. 
