SmartStop (SMA) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, August 13, 2026 astatine 9:58 AM CDT 43 min read

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DATE

Thursday, Aug. 6, 2026 astatine 12:00 p.m. ET

CALL PARTICIPANTS

• Founder, Chairman, and Chief Executive Officer - H. Michael Schwartz

• Chief Financial Officer - James R. Barry

• Senior Vice President of Corporate Finance and Strategy - David Steven Corak

Full Conference Call Transcript

Operator: Everyone. Thank you for joining us. Welcome to SmartStop Self Storage's 2nd 4th 26 Earnings Call. After today's prepared remarks, we volition big a question-and-answer session. If you would similar to inquire a question, delight property 1. To rise your hand. To retreat your question, property 1 again. I volition present manus the league implicit to David Steven Corak, elder vice president of firm concern and strategy. David? Please spell ahead.

David Steven Corak: Thank you, operator. Before we begin, I would similar to punctual everyone that definite statements made during today's telephone including statements astir our aboriginal plans, prospects and expectations, whitethorn beryllium considered guardant looking statements wrong the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act. These guardant looking statements are taxable to galore risks and uncertainties arsenic described successful our filings with the Securities and Exchange Commission. And these risks could origin our existent results to disagree materially from those expressed successful oregon implied by our comments. Forward looking statements successful our net merchandise that we issued past night, on with the comments connected this call, are made lone arsenic of today.

The institution assumes nary work to update immoderate guardant looking statements whether arsenic a effect of caller information, aboriginal events oregon otherwise. In addition, we volition besides notation to definite non GAAP fiscal measures. Information regarding our usage of these measures and a reconciliation of these measures to GAAP measures tin beryllium recovered successful our net merchandise and supplemental disclosure that we issued past nighttime and are disposable for download connected our website astatine investors.smartstopselfstorage.com. In summation to myself, today, we person h Michael Schwartz, founder, chairman, and CEO good arsenic James R. Barry, our CFO. Now I volition crook implicit to Michael.

H. Michael Schwartz: Thank you, David. Thank you for joining america contiguous for our 2nd 4th net call. SmartStop Self Storage had a beardown 4th of results. And we further reinforced our imaginativeness by communicating our agelong word strategy for shareholder worth instauration with the announcement of our DECA inaugural successful July. Let maine archetypal interaction connected our results for the 2nd quarter. We posted beardown aforesaid store gross maturation of 1.3%. an operating disbursal alteration of 3.4% and an NOI maturation of a affirmative 3.7%. And maintained mean occupancy of 92.5%. Operationally, 10 of our apical 15 markets station affirmative aforesaid store NOI growth.