SmartStop reports May same-store occupancy down 70 bps, move-in rates fall 5.4% YoY

Filed June 2, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Move-in rates dropped 5.4% to $1.06/sq ft from $1.12 prior year, suggesting deeper discounts to attract new tenants and potential near-term revenue pressure.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  Same-store occupancy declined 70 basis points to 92.4% from 93.1% year-over-year, indicating softer demand or increased competitive supply.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  Web rates fell 2.4% to $1.21/sq ft from $1.24, reflecting pricing pressure from competition or efforts to stimulate new customer demand.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →