SmartStop Self Storage REIT, Inc. (SMA – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Juan C. Sanabria from BMO Capital reiterated a Buy rating on the stock and has a $40.00 price target.
Juan C. Sanabria has given his Buy rating due to a combination of factors including SmartStop Self Storage REIT, Inc.’s strong financial performance in its inaugural post-IPO quarter. The company exceeded expectations in its Funds From Operations (FFO) and same-store revenue and net operating income, which were driven by better-than-expected expense management. Additionally, the company’s full-year 2025 guidance was initiated above market expectations, further supporting a positive outlook.
Moreover, SmartStop’s acquisition strategy has been effective, with significant acquisitions completed year-to-date. The performance in the Toronto market has been particularly strong, contributing to the overall solid results. These factors collectively underpin the Buy rating, as they indicate a robust growth trajectory and effective management execution.
According to TipRanks, C. Sanabria is a 2-star analyst with an average return of 0.0% and a 46.03% success rate. C. Sanabria covers the Real Estate sector, focusing on stocks such as CareTrust REIT, Healthpeak Properties, and Public Storage.
In another report released on May 2, Truist Financial also maintained a Buy rating on the stock with a $38.00 price target.