Upcoming Ex-Dividend Dates: Trustmark, SmartStop Self Storage REIT, and StepStone Group
Upcoming Ex-Dividend Dates: On 8/29/25, Trustmark Corp (TRMK), SmartStop Self Storage REIT Inc (SMA), and StepStone Group Inc (STEP) will trade ex-dividend for their respective upcoming dividends.
Dividend Payments: Trustmark Corp will pay $0.24 on 9/15/25, SmartStop Self Storage REIT Inc will pay $0.1359 on 9/3/25, and StepStone Group Inc will pay $0.28 on 9/15/25.
Expected Stock Price Adjustments: Following the ex-dividend date, TRMK is expected to open 0.59% lower, SMA 0.38% lower, and STEP 0.45% lower based on their recent stock prices.
Estimated Annual Yields: The estimated annual yields are 2.36% for Trustmark Corp, 4.51% for SmartStop Self Storage REIT Inc, and 1.79% for StepStone Group Inc, indicating potential stability in dividend payments.
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- New Facility Opening: Strategic Storage Trust VI has opened a new self-storage facility at 1983 Kipling Ave in Toronto, offering approximately 90,300 net rentable square feet, reflecting the company's long-term commitment to growth in high-density markets.
- Prime Location: The facility is strategically located in a high-traffic commercial corridor with about 400,000 vehicles passing daily, and nearly 600,000 residents within a five-mile radius, with approximately 45% of households being renter-occupied, ensuring sustained demand for self-storage.
- Modern Design Features: This five-story, climate-controlled facility features modern design, enhanced security, and large indoor loading bays, aimed at providing secure and professionally managed storage solutions for both residential and commercial customers.
- Market Expansion Strategy: CEO H. Michael Schwartz stated that the new facility reflects the company's focus on expanding in high-growth, high-density markets, and is expected to meet the storage needs of surrounding communities while driving business growth.
- New Facility Opening: Strategic Storage Trust VI has opened a new self-storage facility at 1983 Kipling Ave. in Toronto, offering approximately 90,300 net rentable square feet, reflecting the company's long-term commitment to growth in high-density markets.
- Strong Market Demand: The facility is located in an area with nearly 600,000 residents within a five-mile radius, with about 45% of households being renter-occupied, indicating sustained demand for self-storage solutions from both residential and commercial customers.
- Prime Location: Positioned in a high-traffic commercial corridor with approximately 400,000 vehicles passing daily, the facility benefits from strong visibility and convenient access, enhancing customer accessibility and potential usage.
- Modern Design Features: This five-story, climate-controlled facility boasts modern design and enhanced security, featuring multiple elevators and large indoor loading bays, aimed at providing secure and professionally managed storage solutions for residents and businesses alike.
- Strong Earnings Performance: SmartStop Self Storage REIT reported a Q4 AFFO of $0.55 per share, exceeding market expectations and demonstrating the company's robust performance in the self-storage sector.
- Significant Revenue Growth: The company achieved Q4 revenue of $78.44 million, surpassing expectations by $2.94 million, reflecting the effectiveness of its business model and sustained market demand.
- Market Recovery Outlook: Despite ongoing challenges in the current market environment, SmartStop Self Storage REIT is viewed as a hold, with investors encouraged to monitor the potential for future market recovery.
- Impact of Rating Changes: J.P. Morgan's rating adjustments for SmartStop and other real estate firms may influence investor confidence, potentially driving stock price volatility.
- Downgrade Impact: Wells Fargo downgraded SmartStop Self Storage REIT (NYSE:SMA) from Overweight to Equal Weight, lowering its price target from $41 to $33, reflecting a cautious stance on storage REITs and anticipating 2026 performance to fall below market expectations.
- Revenue Growth Slowdown: The firm expects a notable slowdown in SmartStop's same-store revenue growth next year, which could negatively impact its stock price, particularly against a backdrop of housing-related optimism in the market.
- Competitive Analysis: While Scotiabank analyst Nicholas Yulico reduced the price target from $36 to $35, he maintained an Outperform rating, noting that SmartStop is the only self-storage REIT in coverage capable of offsetting churn-related losses through existing customer rate increases.
- Market Outlook: Truist analyst Ki Bin Kim trimmed the price target from $39 to $38 but still holds a Buy rating, suggesting that fundamentals are improving as new supply moderates and demand for high-quality assets remains steady.
- New Board Appointment: SmartStop Self Storage REIT has appointed Wayne Johnson to its Board of Directors, who has served as Chief Investment Officer since 2015, bringing extensive experience in self-storage and commercial real estate to provide strategic guidance for long-term growth.
- Rich Leadership Experience: Johnson's leadership in self-storage investments has been crucial since the company's inception in 2013, having previously held the role of Senior Vice President of Acquisitions, showcasing his significant impact in the industry.
- Industry Recognition: As a board member of the Self Storage Association’s Large Operator Council, Johnson is a recognized leader in the field and has previously served as President of the Texas Self Storage Association, enhancing SmartStop's standing in the industry.
- Asset Management Scale: As of February 20, 2026, SmartStop owns or manages over 460 self-storage properties across 35 states and Canada, providing more than 270,000 units and 35 million rentable square feet, demonstrating its strong market presence.
- New Board Member: SmartStop Self Storage REIT has appointed Wayne Johnson to its Board of Directors, leveraging his extensive expertise as Chief Investment Officer since 2015 to provide strategic guidance for the company.
- Rich Leadership Experience: Johnson has been a key leader since the company's formation in 2013, previously serving as Senior Vice President of Acquisitions focused on self-storage investments, driving significant growth and expansion in the industry.
- Industry Influence: As a board member of the Self Storage Association's Large Operator Council, Johnson is a recognized leader in the field, with past leadership roles in the Texas Self Storage Association enhancing his influence in the self-storage sector.
- Asset Management Scale: As of February 20, 2026, SmartStop owns or manages over 460 operating properties across 35 states and Canada, offering more than 270,000 units and 35 million rentable square feet of self-storage space, demonstrating its strong market position.






