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SmartStop Self Storage REIT, Inc.
(NYSE:SMA)
SmartStop Self Storage REIT, Inc. (SMA) vs. SPDR S&P 500 ETF (SPY)
SmartStop Self Storage REIT, Inc. Business Overview & Revenue Model
SmartStop Self Storage REIT, Inc. Earnings Call Summary
SmartStop Self Storage REIT, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 194.44M | 281.14M | 237.01M | 232.99M | 206.32M | 168.76M |
| Gross Profit | 128.90M | 26.07M | 157.69M | 158.50M | 148.91M | 114.91M |
| EBITDA | 125.08M | 133.26M | 124.03M | 131.09M | 127.25M | 65.38M |
| Net Income | -4.62M | -1.55M | -5.62M | 9.75M | 18.82M | -16.90M |
Balance Sheet | ||||||
| Total Assets | 2.39B | 2.43B | 2.04B | 1.90B | 1.95B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 54.21M | 59.37M | 23.11M | 45.08M | 39.49M | 37.25M |
| Total Debt | 1.04B | 1.10B | 1.32B | 1.09B | 1.07B | 873.87M |
| Total Liabilities | 1.10B | 1.15B | 1.37B | 1.13B | 1.11B | 943.22M |
| Stockholders Equity | 1.20B | 1.18B | 584.10M | 671.97M | 740.29M | 610.42M |
Cash Flow | ||||||
| Free Cash Flow | 81.38M | 84.97M | 64.03M | 73.19M | 87.91M | 58.76M |
| Operating Cash Flow | 81.38M | 84.97M | 64.03M | 73.19M | 87.91M | 58.76M |
| Investing Cash Flow | -452.07M | -380.75M | -180.94M | 262.00K | -205.15M | -120.21M |
| Financing Cash Flow | 380.81M | 325.23M | 94.82M | -66.10M | 120.07M | 25.67M |
SmartStop Self Storage REIT, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.55B | 18.11 | ― | 7.05% | 2.93% | -0.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $1.73B | 16.31 | 8.04% | ― | 5.72% | 47.75% | |
63 Neutral | $6.53B | 48.79 | 23.75% | 12.79% | 8.88% | 131.78% | |
63 Neutral | $5.07B | 35.13 | 19.88% | 5.02% | -1.48% | -50.05% | |
61 Neutral | $1.98B | -200.90 | -0.58% | 3.42% | 12.57% | 4.92% | |
59 Neutral | $1.75B | 1.44 | ― | ― | 38.93% | 952.55% |
SmartStop Self Storage REIT, Inc. Corporate Events
SmartStop Self Storage REIT, Inc., a self‑storage focused real estate investment trust, continues to serve individual and business storage customers through its portfolio of facilities in the commercial real estate sector. The company operates within the competitive self‑storage market, aiming to generate stable income for investors through its property holdings.
On February 24, 2026, SmartStop Self Storage REIT, Inc.’s board declared a March 2026 monthly dividend targeting an annualized payout of $1.60 per share. The dividend of $0.13589041 per share will be paid on April 15, 2026, to stockholders of record as of March 31, 2026, underscoring the REIT’s ongoing commitment to returning cash to shareholders.
The most recent analyst rating on (SMA) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On Feb. 19, 2026, SmartStop Self Storage REIT expanded its board of directors from five to six members and appointed Chief Investment Officer Wayne Johnson as an employee director, reflecting his long-standing role in driving the company’s growth since its formation in 2013 and his broad leadership experience in self-storage and commercial real estate. Johnson, a prominent industry figure who has held senior roles across SmartStop’s managed REITs and serves on key self-storage trade association boards, will serve as a director until the next annual shareholders’ meeting and will not receive additional compensation or committee assignments for this role.
Concurrent with his board appointment on Feb. 19, 2026, Johnson resigned as SmartStop’s president, a position he had held since 2019, and Chairman and Chief Executive Officer H. Michael Schwartz assumed the additional title of president without extra pay. The management reshuffle consolidates executive leadership under Schwartz while elevating Johnson’s influence at the board level, signaling a strategic tightening of governance and oversight as SmartStop continues to pursue its long-term growth strategy in the North American self-storage market.
The most recent analyst rating on (SMA) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On February 18, 2026, SmartStop Self Storage REIT, Inc. closed a second amended and restated senior unsecured revolving credit facility totaling $500 million with a syndicate of banks led by KeyBank and several major North American lenders. The multi‑currency facility, which replaces a 2024 agreement and keeps the prior $68.3 million balance outstanding, can be increased by up to $1.1 billion to a potential $1.6 billion and allows borrowing in both U.S. and Canadian dollars.
The new facility runs to February 18, 2030 with a one‑year extension option and features initial Daily Simple SOFR advances priced about 30 basis points below the previous revolver, lowering SmartStop’s cost of debt while laddering maturities. The unsecured, fully recourse structure sits pari passu with existing notes and is governed by customary covenants and leverage, coverage, and net‑worth tests, enhancing financial flexibility to support SmartStop’s growth strategy and reinforcing lender confidence in its investment‑grade balance sheet and expanding North American self‑storage portfolio.
The most recent analyst rating on (SMA) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On January 29, 2026, SmartStop Self Storage REIT, Inc. announced that its board of directors declared a February 2026 monthly dividend for common stockholders, corresponding to a targeted annualized dividend rate of $1.60 per share. The February dividend of $0.12273973 per share will be paid on March 13, 2026, to stockholders of record as of February 27, 2026, underscoring the company’s continued commitment to returning capital to shareholders through regular cash distributions.
The most recent analyst rating on (SMA) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On January 8, 2026, SmartStop Self Storage REIT, Inc. reported operating metrics for its same-store self-storage facilities that had been included in its consolidated results since January 1, 2024, excluding four properties. For these same-store locations, physical occupancy was essentially flat year over year at 92.1% as of December 31, 2025, compared with 92.3% a year earlier, while monthly web and move-in rates declined from $0.97 to $0.91 and from $0.94 to $0.88, respectively, over the same period; however, monthly in-place rental rates held steady at $1.63, suggesting that while pricing for new and online customers eased, revenue from existing tenants remained stable going into year-end 2025.
The most recent analyst rating on (SMA) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On December 22, 2025, SmartStop Self Storage REIT, Inc., a REIT specializing in self-storage properties, announced that its Board of Directors had declared a monthly dividend for January 2026 corresponding to a targeted annualized dividend rate of $1.60 per share. The company set January 30, 2026 as the record date for the January 2026 common stock dividend of $0.13589041 per share, which is scheduled to be paid on February 13, 2026 to stockholders of record, signaling the continuation of regular cash returns to shareholders.
The most recent analyst rating on (SMA) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On December 8, 2025, SmartStop Self Storage REIT, Inc. reported metrics for its same store facilities, showing a slight increase in physical occupancy from 92.2% in 2024 to 92.4% in 2025. However, the company experienced a decrease in monthly web and move-in rates over the same period, while monthly in-place rates remained stable.
The most recent analyst rating on (SMA) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.