SmartStop Self Storage REIT Reports Q1 GAAP Loss of $0.45 Per Share and Revenue Growth
SmartStop Self Storage REIT (SMA) reported a first-quarter loss per share under GAAP, missing estimates by $0.55 with an EPS of -$0.45. The company generated revenue of $7.8 million in Q1, representing a year-over-year increase of 6.1%. It also narrowed its same-store revenue guidance for the full year to between -0.25% and +1.75%, while maintaining FFO per share projections.
Topics: financial_results real_estate reit