GSI Capital Advisors has fully exited its position in SmartStop Self Storage REIT, liquidating 124,919 shares for approximately $4.01 million as of May 14, 2026. This decision, detailed in an SEC filing, comes as SmartStop’s stock has struggled, down 10% over the past year and lagging the S&P 500 by nearly 38 percentage points. Despite this, SmartStop reported a 20% revenue increase in Q1 2026, reaching $78.3 million, along with a return to profitability, indicating potential resilience in its operational performance.
The sale suggests GSI Capital is reallocating its investments within the real estate sector, maintaining stakes in other REITs like Equinix and Digital Realty. While SmartStop’s management projects adjusted funds from operations (FFO) of $1.94 to $2.04 per share for 2026, the firm faces the challenge of converting modest growth into stronger earnings amidst a competitive market.
Investors should monitor SmartStop’s ability to leverage its recent operational improvements into sustainable long-term growth, particularly as it navigates a challenging storage market.
Source: fool.com