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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 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.34M | 237.01M | 232.99M | 206.32M | 168.76M | 124.02M |
| Gross Profit | 148.08M | 157.69M | 158.50M | 148.91M | 114.91M | 77.11M |
| EBITDA | 125.08M | 124.03M | 131.09M | 127.25M | 65.38M | 21.09M |
| Net Income | -4.79M | -5.62M | 9.75M | 18.82M | -16.90M | -44.30M |
Balance Sheet | ||||||
| Total Assets | 2.39B | 2.04B | 1.90B | 1.95B | 1.62B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 54.21M | 23.11M | 45.08M | 39.49M | 37.25M | 72.71M |
| Total Debt | 1.04B | 1.32B | 1.09B | 1.07B | 873.87M | 724.38M |
| Total Liabilities | 1.10B | 1.37B | 1.13B | 1.11B | 943.22M | 785.29M |
| Stockholders Equity | 1.20B | 584.10M | 671.97M | 740.29M | 610.42M | 436.93M |
Cash Flow | ||||||
| Free Cash Flow | 81.38M | 64.03M | 73.19M | 87.91M | 58.76M | 26.77M |
| Operating Cash Flow | 81.38M | 64.03M | 73.19M | 87.91M | 58.76M | 26.77M |
| Investing Cash Flow | -452.07M | -180.94M | 262.00K | -205.15M | -120.21M | -28.96M |
| Financing Cash Flow | 380.81M | 94.82M | -66.10M | 120.07M | 25.67M | 13.74M |
SmartStop Self Storage REIT, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.37B | 29.40 | 17.74% | 9.36% | -1.48% | -50.05% | |
70 Outperform | $3.28B | 8.80 | 38.06% | 12.85% | 8.88% | 131.78% | |
66 Neutral | $3.89B | 22.26 | 8.44% | 6.83% | 2.93% | -0.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | $1.42B | 1.17 | ― | ― | 38.93% | 952.55% | |
59 Neutral | $1.75B | 16.68 | 7.41% | ― | 5.72% | 47.75% | |
57 Neutral | $1.36B | -67.68 | -0.58% | 2.75% | 12.57% | 4.92% |
SmartStop Self Storage REIT, Inc. Corporate Events
SmartStop Self Storage REIT, Inc. recently held its earnings call, revealing a blend of achievements and challenges. The company showcased sector-leading revenue growth and strategic acquisitions, despite facing unexpected costs and market hurdles. The overall sentiment was optimistic, with SmartStop positioning itself well for future growth.
SmartStop Self Storage REIT, Inc., a self-managed and fully-integrated self-storage company, operates in the real estate investment trust sector, focusing on self-storage facilities across North America. In its latest earnings report for the third quarter of 2025, SmartStop highlighted significant achievements, including a CAD $200 million Maple Bond offering and strategic acquisitions, such as the purchase of Argus Professional Storage Management, which expands its footprint into third-party management. The company reported a net income of $5.2 million for the quarter, marking a substantial increase from the previous year, alongside a rise in total self-storage-related revenues to $64.6 million. Despite challenges in the storage market, SmartStop maintained a strong average occupancy rate of 92.6% and achieved sector-leading revenue growth. Looking ahead, SmartStop’s management remains optimistic about leveraging its recent accomplishments to capitalize on the stabilizing self-storage market and drive future growth.
On October 29, 2025, SmartStop Self Storage REIT, Inc. announced a dividend for November 2025, targeting an annualized dividend of $1.60 per share. This decision reflects the company’s commitment to providing returns to its shareholders, with the dividend payable on December 15, 2025, to stockholders of record as of November 28, 2025.
The most recent analyst rating on (SMA) stock is a Buy with a $41.00 price target. To see the full list of analyst forecasts on SmartStop Self Storage REIT, Inc. stock, see the SMA Stock Forecast page.
On September 26, 2025, SmartStop Self Storage REIT, Inc. announced a dividend for October 2025, targeting an annualized dividend of $1.60 per share. The dividend, with a record date of October 31, 2025, and payable on November 14, 2025, underscores the company’s commitment to returning value to its 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.
SmartStop Self Storage REIT, Inc. has released materials for investor presentations, highlighting its growth and market positioning. The company has expanded its portfolio by approximately 86% over the last five years, emphasizing its strategic focus on high-growth markets, including Canada and the Greater Toronto Area.
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 September 24, 2025, SmartStop Self Storage REIT, Inc. announced a strategic move to acquire Argus Professional Storage Management, a significant player in the self-storage management sector. This acquisition, valued at $21 million with potential additional earnouts, will expand SmartStop’s portfolio to over 460 properties in North America. The merger is expected to close in October 2025 and is seen as a game-changing deal that will enhance SmartStop’s market position by integrating Argus’ reputable management capabilities with SmartStop’s technology-driven platform. The transaction is anticipated to be immediately accretive to SmartStop’s financial performance and will offer flexible partnership options to storage owners, thereby strengthening its industry presence.
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 September 24, 2025, SmartStop Self Storage REIT, Inc. announced the closing of its CAD$200 million Series B Senior Unsecured Notes due 2030, marking its second senior unsecured Canadian bond offering. The notes, rated BBB mid with a Stable Outlook by Morningstar DBRS, are part of SmartStop’s strategy to strengthen its presence in the Canadian market, repay existing debt, fund acquisitions, and support general corporate purposes. The issuance reflects SmartStop’s strategic financial planning and its ability to capitalize on favorable market conditions, further reinforcing its position in the self-storage industry.
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 September 22, 2025, SmartStop Self Storage REIT, Inc. announced the pricing of a CAD $200 million Canadian Maple Bond offering, with the bonds due in 2030 and bearing an interest rate of 3.888% per annum. The proceeds from this offering, which is limited to Canadian investors, will be used to repay existing debt, fund acquisitions, and for general corporate purposes, potentially strengthening SmartStop’s financial position and growth prospects.
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 September 15, 2025, SmartStop Self Storage REIT, Inc. reported metrics for its same store facilities, showing slight increases in physical occupancy and monthly web rates as of August 31, 2025, compared to the previous year. The announcement indicates stable performance in the company’s operations, with minor fluctuations in move-in and in-place rates, reflecting its steady positioning in the self-storage market.
The most recent analyst rating on (SMA) stock is a Hold 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 September 3, 2025, SmartStop Self Storage REIT, Inc. announced its participation in the Self Storage Association’s 2025 Fall Conference & Trade Show. The company reported a 2.9% year-over-year revenue growth for its same-store facilities in July 2025 compared to July 2024, excluding tenant protection program revenue. This metric reflects the company’s operational performance and its ability to generate increased revenue from its existing properties.
The most recent analyst rating on (SMA) stock is a Hold 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 August 28, 2025, SmartStop Self Storage REIT, Inc.‘s Board of Directors declared a dividend for September 2025, targeting an annualized dividend of $1.60 per share. This decision impacts stockholders with dividends payable on October 15, 2025, reflecting the company’s commitment to providing returns to its investors.
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 August 22, 2025, SmartStop Self Storage REIT, Inc. announced the successful completion of a public offering and NYSE listing, raising $875.6 million. The company has used these proceeds to strengthen its financial position, reduce debt, and expand its property portfolio, positioning itself for future growth. The offering has also enhanced stockholder liquidity, with Class A and Class T shares set to convert to listed shares on October 1, 2025. Despite initial concerns about the offering price, the management remains optimistic about the company’s growth prospects and market positioning.
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.