What to Know About This Fund's $4 Million Exit From SmartStop Self Storage

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Jonathan Ponciano, The Motley Fool

Sat, May 30, 2026 astatine 11:29 AM CDT 4 min read

On May 14, 2026, GSI Capital Advisors sold retired its presumption successful SmartStop Self Storage REIT (NYSE:SMA), exiting 124,919 shares successful a transaction estimated astatine $4.01 cardinal based connected quarterly mean pricing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, GSI Capital Advisors sold each 124,919 shares of SmartStop Self Storage REIT, afloat liquidating its stake. The estimated transaction worth was $4.01 million, calculated utilizing the mean unadjusted closing terms for the archetypal 4th of 2026. The quarter-end nett presumption change, which incorporates some stock merchantability and terms movements, was $3.86 million.

What other to cognize

Top 5 holdings aft the filing:
- NASDAQ: EQIX: $21,048,694 (11.4% of AUM)
- NYSE: WELL: $19,598,795 (10.6% of AUM)
- NYSE: PLD: $17,393,831 (9.4% of AUM)
- NYSE: DLR: $8,850,474 (4.8% of AUM)
- NYSE: SPG: $8,092,790 (4.4% of AUM)
As of May 14, 2026, shares of SmartStop Self Storage REIT were priced astatine $30.76, down 10% implicit the past twelvemonth and underperforming the S&P 500 by adjacent to 38 percent points.

Company overview

Metric

Value

Revenue (TTM)	$294 million
Net income (TTM)	$12.98 million
Dividend yield	5%
Price (as of marketplace adjacent May 14, 2026)	$30.76

Company snapshot

SmartStop Self Storage REIT operates and manages self-storage facilities crossed North America, offering retention solutions for individuals and businesses.
The steadfast generates gross chiefly done rental income from retention units, leveraging a technology-driven, afloat integrated platform.
It serves a divers lawsuit base, including residential, commercial, and tiny concern clients successful high-growth U.S. and Canadian markets.

SmartStop Self Storage REIT is 1 of the largest self-storage operators successful North America, with a portfolio spanning high-growth regions successful the United States and Canada. The institution utilizes a afloat integrated, technology-driven attack to maximize operational ratio and lawsuit service. Its standard and absorption connected some U.S. and Canadian markets supply a competitory borderline successful the specialty REIT sector.

What this transaction means for investors

Given that GSI Capital remains heavy invested successful existent property done positions successful Equinix, Digital Realty, Simon Property Group, and more, the firm’s SMA exit suggests the steadfast is staying successful the assemblage portion moving distant from simply this circumstantial name. It’s besides worthy noting that the steadfast sold retired of Extra Space Storage past quarter, but had a presumption successful Public Storage arsenic of March 31.

Meanwhile, SmartStop's underlying concern has really been showing signs of improvement. First-quarter gross climbed 20% to $78.3 million, portion nett income swung to a $9.6 cardinal nett from an $8.4 cardinal nonaccomplishment a twelvemonth earlier. Adjusted funds from operations roseate to $28.8 million, and same-store NOI accrued 2.0%, which absorption described arsenic sector-leading maturation contempt hard comparisons. CEO Michael Schwartz besides highlighted borderline enlargement and little operating disbursal maturation arsenic cardinal drivers of performance.

For semipermanent investors, the cardinal question is whether SmartStop tin construe humble same-store maturation into stronger net implicit time. Management inactive expects adjusted FFO of $1.94 to $2.04 per stock successful 2026, suggesting it sees country for continued advancement adjacent successful a challenging retention market.

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