SmartStop Self Storage REIT, Inc., a Maryland corporation (the “Company”), is a self-managed and fully-integrated self storage real estate investment trust (“REIT”), formed on January 8, 2013 under the Maryland General Corporation Law. Our year-end is December 31. As used in this report, “we,” “us,” “our,” and “Company” refer to SmartStop Self Storage REIT, Inc. and each of our subsidiaries. Our Common Stock began trading on the New York Stock Exchange (the “NYSE”) under the ticker symbol “SMA” on April 2, 2025. Business Objectives and Strategy We focus on the acquisition, ownership, and operation of self storage properties located primarily within the top 100 metropolitan statistical areas, or MSAs, throughout the United States and Canada. Based on the Inside Self Storage Top-Operators List ranking for 2025, and after accounting for recent market transactions, we are the 10th largest owner and operator of self storage properties in the United States based on rentable square footage.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 281M | 281M | 237M | 233M | 213M | 169M |
| Net Income | -8.8M | -8.8M | -18M | -2.7M | 6.3M | -29M |
| EPS | $-0.20 | $-0.20 | $-0.78 | $-0.03 | $0.07 | $-0.37 |
| Free Cash Flow | -219M | -219M | -82M | 58M | 15M | -5.8M |
| ROIC | 2.1% | 1.9% | 4.3% | 5.0% | 4.5% | 1.4% |
| Gross Margin | 35.3% | 35.3% | 42.0% | 46.1% | 42.1% | 39.9% |
| Debt/Equity | 0.93 | 0.93 | 4.04 | 2.69 | 2.29 | 2.55 |
| Dividends/Share | $1.71 | $1.71 | $0.68 | $0.44 | $0.55 | $0.33 |
| Operating Income | 59M | 59M | 69M | 71M | 66M | 17M |
| Operating Margin | 21.0% | 21.0% | 29.2% | 30.3% | 31.0% | 9.8% |
| ROE | -0.7% | -1.2% | -5.6% | -0.7% | 1.4% | -8.6% |
| Shares Outstanding | 44M | 44M | 55M | 92M | 90M | 79M |
SmartStop Self Storage REIT, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 3.4% with a gross margin of 41.1%. Total shareholder yield (dividends) is 5.3%.
SmartStop Self Storage REIT, Inc. (SMA) has a 5-year average return on invested capital (ROIC) of 3.4%. This is below average and may indicate limited pricing power.
SmartStop Self Storage REIT, Inc. (SMA) has a market capitalization of $1.4B. It is classified as a small-cap stock.
Yes, SmartStop Self Storage REIT, Inc. (SMA) pays a dividend with a trailing twelve-month yield of 5.29%.
SmartStop Self Storage REIT, Inc. (SMA) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
SmartStop Self Storage REIT, Inc. (SMA) reported annual revenue of $281 million in its most recent fiscal year, based on SEC EDGAR filings.
SmartStop Self Storage REIT, Inc. (SMA) has a net profit margin of -3.1%. The company is currently unprofitable.
SmartStop Self Storage REIT, Inc. (SMA) generated $-219 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SmartStop Self Storage REIT, Inc. (SMA) has a debt-to-equity ratio of 0.93. This indicates moderate leverage.
SmartStop Self Storage REIT, Inc. (SMA) reported earnings per share (EPS) of $-0.20 in its most recent fiscal year.
SmartStop Self Storage REIT, Inc. (SMA) has a return on equity (ROE) of -1.2%. A negative ROE may indicate losses or negative equity.
SmartStop Self Storage REIT, Inc. (SMA) has a 5-year average gross margin of 41.1%. This indicates decent pricing power.
The Ledger Terminal provides 13 years of financial data for SmartStop Self Storage REIT, Inc. (SMA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SmartStop Self Storage REIT, Inc. (SMA) has a book value per share of $26.96, based on its most recent annual SEC filing.