SmartStop Self Storage REIT, Inc. SMA R2K

Real Estate · REIT - Industrial · United States

https://www.smartstopselfstorage.com

SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of February 20, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. SmartStop Self Storage REIT, Inc. was established on January 08, 2013 and is based in Ladera Ranch, United States.

Market & Price

Market Cap

$1.73B

Current Price

$31.25

High / Low (52W)

$37.57 / $29.39

Beta

Valuation

Stock P/E

97.66

Industry PE

26.58

Forward P/E

55.83

PEG Ratio

Book Value

$21.09

Price to Book

1.48

P/S

6.27

EV/EBITDA

21.66

Dividend Yield

5.12%

Profitability & Returns

ROCE

2.52%

ROE

1.50%

ROA

1.56%

Profit Margin

4.70%

Op Margin

21.54%

EPS (Latest Qtr)

$0.17

EPS (TTM)

$0.32

Balance Sheet & Liquidity

Debt/Equity

0.86

Quick Ratio

0.27

Current Ratio

0.30

Debt

$1.09B

Total Assets

$2.43B

Current Assets

$59.37M

Working Capital

$11.93M

Ownership

Promoter Holding

0.42%

Chg in Prom Hold

FII / Inst Holding

99.53%

Chg in FII Hold

-0.08%

Financial Snapshot

Enterprise Value

$2.89B

Total Revenue (TTM)

$276.09M

EBITDA

$133.25M

Free Cash Flow

$115.58M

Operating Cash Flow

$98.66M

Shares Outstanding

55.37M

Gross Margin

64.88%

Payout Ratio

500.00%

Growth (CAGR)

Revenue 5Y

9.76%

Profit 5Y

-36.07%

Revenue (YoY)

13.10%

Earnings (YoY)

PROS

Attractive dividend yield of 5.12%.
Generates positive free cash flow.

CONS

Trading at a high P/E of 97.7.
Earnings shrank at -36.1% CAGR over 5 years.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SMA SmartStop Self Storage REIT, Inc. R2K	31.25	97.66	$1.73B	5.12%	2.52%	1.50%	9.76%	-36.07%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	18.94M	19.80M	-	19.43M	20.05M	20.31M	-	23.88M	25.98M	29.59M	-	30.30M	29.47M	31.36M	-	34.56M	42.25M	44.94M	47.98M	51.79M	56.45M	57.14M	59.59M	58.70M	57.04M	59.16M	-	-	65.45M	66.82M	70.43M	78.45M	78.31M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23.46M	27.20M	27.56M	30.45M	33.43M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37.15M	39.31M	-	-	41.98M	39.62M	42.87M	48.00M	44.88M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24.54M	29.00M	29.61M	28.26M	29.17M
Operating Income	-935.47K	-97.62K	-3.81M	-8.91M	-1.30M	-891.08K	-552.14K	991.76K	741.74K	2.39M	3.86M	3.44M	4.48M	4.38M	1.95M	768.91K	1.81M	7.06M	-31.07M	1.97M	4.37M	3.59M	-2.69M	6.93M	10.18M	11.57M	25.05M	12.90M	16.90M	18.61M	18.14M	16.00M	17.68M	-	-	17.44M	10.62M	13.26M	19.74M	15.71M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33.87M	24.85M	37.86M	36.68M	43.71M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22.02M	12.03M	12.52M	13.32M	13.14M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.85M	-4.48M	6.16M	3.33M	10.55M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	606.00K	318.00K	615.00K	363.00K	331.00K
Net Income	-3.74M	-2.53M	-4.51M	-10.72M	-6.34M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4.95M	-4.60M	5.23M	2.78M	9.58M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.05	-0.03	0.00	0.10	-0.01	-0.02	0.00	-0.01	-0.20	-0.16	-	-	-0.35	-0.16	0.09	0.05	0.17

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	45.17M	76.11M	80.41M	109.53M	124.02M	-	212.64M	232.99M	237.01M	281.14M
Cost of Revenue	-	-	-	-	-	-	-	-	-	65.55M	74.49M	81.31M	108.67M
Gross Profit	-	-	-	-	-	-	-	-	-	147.09M	158.50M	155.69M	172.47M
Operating Expenses	-	-	-	-	-	-	-	-	-	92.87M	87.68M	86.06M	111.41M
Operating Income	0	-2.26M	-5.08M	-14.91M	3.58M	16.15M	11.59M	-21.14M	-	54.22M	70.82M	69.64M	61.06M
EBITDA	-	-	-	-	-	-	-	-	-	127.25M	131.09M	124.03M	133.26M
Interest Expense	-	-	-	-	-	-	-	-	-	41.51M	61.80M	72.33M	59.90M
Pretax Income	-	-	-	-	-	-	-	-	-	21.11M	9.05M	-4.40M	164.00K
Tax Provision	-	-	-	-	-	-	-	-	-	-555.00K	-2.60M	1.48M	1.90M
Net Income	0	-2.40M	-	-	-	-	-	-	-	18.82M	9.75M	-5.62M	-1.55M
Diluted EPS	-	-	-	-	-	-	-	-0.91	-	0.07	-0.03	-0.20	-0.20

Compounded Sales Growth

5 Years:	9.76%
1 Year:	13.10%

Compounded Profit Growth

5 Years:	-36.07%
1 Year:	-

Stock Price Performance

1 Year:	-10.25%
6 Months:	+0.77%
3 Months:	-5.06%
1 Month:	-0.14%

Balance Sheet (Annual)

Figures in USD.

Metric	Jan 2013	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	201.00K	35.05M	193.45M	752.55M	817.50M	796.35M	1.31B	1.28B	-	1.95B	1.90B	2.04B	2.43B
Current Assets	-	-	-	-	-	-	-	-	-	-	46.04M	53.43M	29.30M	59.37M
Cash & Equivalents	0	201.00K	6.53M	28.10M	14.99M	7.36M	10.27M	62.28M	72.71M	-	39.49M	45.08M	23.11M	54.22M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	-	0	18.57M	26.37M	331.21M	410.06M	418.87M	775.80M	785.29M	-	1.11B	1.13B	1.37B	1.15B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	37.89M	38.55M	47.73M	47.44M
Long Term Debt	-	-	-	23.03M	320.82M	-	-	-	-	-	1.07B	1.09B	1.32B	1.10B
Total Debt	-	-	-	-	-	-	-	-	-	-	1.07B	1.09B	1.32B	1.10B
Total Equity	-	1.00K	11.30M	165.88M	410.68M	378.51M	345.33M	273.80M	183.24M	-	740.29M	671.97M	584.10M	1.18B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	30.30M	24.22M	24.01M	55.36M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-874.47K	19.94M	18.36M	9.77M	26.77M	-	87.91M	73.19M	64.03M	84.97M
Investing Cash Flow	-508.38M	-57.55M	-3.18M	-347.78M	-28.96M	-	-205.15M	262.00K	-180.94M	-380.75M
Financing Cash Flow	498.94M	31.28M	-12.54M	392.22M	13.74M	-	120.07M	-66.10M	94.82M	325.23M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	87.91M	73.19M	64.03M	84.97M
Net Change in Cash	-	-	-	-	-	-	2.83M	7.35M	-22.09M	29.44M

Ratios (Annual)

Figures in %.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	69.2%	68.0%	65.7%	61.3%
Operating Margin %	-	-	-	-33.0%	4.7%	20.1%	10.6%	-17.0%	-	25.5%	30.4%	29.4%	21.7%
Net Margin %	-	-	-	-	-	-	-	-	-	8.9%	4.2%	-2.4%	-0.6%
ROE %	0.0%	-21.2%	-	-	-	-	-	-	-	2.5%	1.5%	-1.0%	-0.1%
ROCE %	-	-	-	-	-	-	-	-	-	2.8%	3.8%	3.5%	2.6%

Shareholding Pattern

Insiders

0.42%

Institutions

99.53%

Public Float

99.95%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Price (T.Rowe) Associates Inc	10.78%	5.97M	$186.55M
2	Blackrock Inc.	9.29%	5.14M	$160.70M
3	Goldman Sachs Group Inc	6.19%	3.43M	$107.12M
4	Vanguard Portfolio Management LLC	5.04%	2.79M	$87.11M
5	Principal Financial Group, Inc.	4.69%	2.60M	$81.13M
6	Prudential Financial, Inc.	4.25%	2.35M	$73.53M
7	Vanguard Capital Management LLC	3.94%	2.18M	$68.10M
8	State Street Corporation	3.91%	2.16M	$67.60M
9	Geode Capital Management, LLC	2.59%	1.44M	$44.87M
10	Goldentree Asset Management LP	2.40%	1.33M	$41.55M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for SMA

No recent headlines available.

SMA · Real Estate