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Smartstop Self Storage shared that its same-store revenue grew 2% and NOI rose 4.9% last quarter.

ResultsRead the original at Benzinga
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Smartstop Self Storage reported 2% same-store sales growth, 3.8% lower operating costs, and 4.9% growth in property income, then raised its full-year forecasts. Currency trimmed property-income growth from 5.1% to 4.9%, but growth continued and the forecasts rose.

SMA · Smartstop Self Storage

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Lower costs helped lift property income, and the company's per-share funds measure rose about 9.4% from a year earlier. Its Canadian operation is expanding by more than 30% to 70 stores after a $53 million investment. Currency trimmed reported property-income growth from 5.1% to 4.9%, but the company still raised its full-year forecasts.

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