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Smartstop Self Storage REIT Inc

SMA Real Estate Reit Industrial

Smartstop Self Storage REIT Inc’s revenue for fiscal 2025 (year ended December 2025) was $281.1 million, up 18.6% from fiscal 2024.

Revenue
+18.7%
EPS
+225.0%
Free cash flow
+93.1%
Total debt
+17.9%

Quarter to June 2026, against a year earlier

38.81 0.11 +0.28%
Market cap
$2.3B
P/E
75.1×
Fwd P/E
54.8×
Dividend yield
4.18%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.15
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 1 1 1 1 2 1 1 —
Insider Ownership 0.23%

Capital & Financial Ratios $m

Size
Market Cap 2,300.00
Revenue ttm 306.46
Net income ttm 30.81
Free cash flow ttm (23.00)
Net debt Q 885.71
Valuation
P/E 75.10 (above 35: high)
Forward P/E 54.80 (above 35: high)
Price / sales 6.91
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.68
Financial health
Current ratio Q 5.28
Debt / equity Q 0.89
Interest coverage Q 1.34
Growth
Revenue growth Q +18.65% (above 0%: growing)
Operating income growth Q +74.17% (above 0%: growing)
EPS, this year +435.53% (at or above 15%: strong)
EPS, next year A −2.13% (below 0%: weak)
Revenue, next year A +14.46% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
4.18%
Annual rate
1.60
Payout ratio
313.7%
  1. 1.21 ’25
  2. 1.60 ’26e +33
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 124 126 227 234
Receivables — — — —
Inventory — — — —
Other — — — —
124 126 227 234
2023 2024 2025 Q'26
Payables 29 38 39 44
ST’ Debt — — — —
Other — — — —
29 38 39 44

Compound Annual Growth %

10y 5y 3y
Sales 31.70% 17.78% 9.76%
Cash Flow 0.00% 25.99% (1.13%)
Earnings 0.00% 0.00% 0.00%
Book Value 22.67% 39.39% 31.58%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.50 Actual 0.16

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.54 0.05 Miss by 0.49
Q1 FY26 0.48 0.17 Miss by 0.31
Q2 FY26 0.49 0.20 Miss by 0.29
Q3 FY26 0.50 0.16 Miss by 0.34
Q4 FY26 0.55 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.17 0.20 — — —
’25 (0.35) (0.16) 0.09 0.05 (0.20)
’24 (0.20) (0.16) (0.26) (0.16) (0.78)
’23 0.02 0.04 0.03 0.39 (0.13)
’22 0.04 0.16 0.02 0.02 0.07
’21 (0.19) (0.02) 0.01 (0.05) (1.48)
’20 (0.64) (0.12) (0.07) (0.03) (0.86)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 78 79 — — —
’25 65 67 70 78 281
’24 57 59 60 61 237
’23 57 60 59 58 233
’22 48 52 56 56 213
’21 35 42 45 47 169
’20 30 29 31 33 124
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 24 20 — — —
’25 11 8 52 14 85
’24 14 17 22 11 64
’23 16 29 23 4 73
’22 16 26 29 18 88
’21 5 17 21 16 59
’20 4 10 8 4 27
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 22 (8) — — —
’25 (71) (118) (43) 6 (225)
’24 12 3 (26) (87) (98)
’23 11 25 7 4 46
’22 (6) (30) 25 15 4
’21 (14) (15) 17 (4) (16)
’20 1 6 4 1 11
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 45 76 80 110 124 169 213 233 237 281 306 +22.4% 322 342 356 +8.2%
Gross margin, % 52.23 53.86 55.87 55.88 62.17 68.09 69.17 68.03 65.69 61.35 59.84 +9.1 pt
EBT (26) (15) (4) (25) 0 (21) 21 9 (4) 0 32 n/m
EBT margin, % (57.46) (19.69) (4.63) (22.91) 0.00 (12.67) 9.93 3.88 (1.86) 0.06 10.60 +57.5 pt
Net income (26) (15) (4) (25) (51) (20) 22 12 (6) (2) 31 (26.0%)
Per share, $
Per share, $ Revenue 1.13 1.36 1.40 1.88 2.08 8.50 2.31 9.63 9.82 5.94 5.55 +20.3%
Earnings (0.65) (0.27) (0.06) (0.43) (0.86) (1.48) 0.07 (0.13) (0.78) (0.20) 0.51 (12.3%)
Cash flow (0.02) 0.36 0.32 0.17 0.45 2.96 0.96 3.02 2.65 1.80 2.00 n/m
Capex (12.63) (0.96) (0.03) (0.05) (0.27) (3.77) (0.91) (1.11) (6.70) (6.56) (2.41) (7.0%)
Free cash flow (12.65) (0.60) 0.29 0.12 0.18 (0.82) 0.04 1.92 (4.04) (4.77) (0.42) (10.3%)
Book value 10.20 6.84 6.02 5.93 4.08 20.51 6.11 20.49 17.09 27.06 22.79 +11.5%
Shares, m 40 56 57 58 60 20 92 24 24 47 53 +1.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.10 0.0
P/S 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 3.21 5.21 6.91 3.4
P/B 2.03 2.03 2.03 2.03 2.03 2.03 2.03 2.03 2.03 1.14 1.68 1.9
EV/Sales 8.39 8.39 8.39 8.39 8.39 8.39 8.39 8.39 8.39 8.30 9.80 8.4
EV/FCF (11.38) (11.38) (11.38) (11.38) (11.38) (11.38) (11.38) (11.38) (11.38) (10.36) (130.55) (11.3)
Cash, $m
Cash, $m Operating cash flow (1) 20 18 10 27 59 88 73 64 85 110 n/m
Capex (508) (54) (2) (3) (16) (75) (84) (27) (162) (310) (133) (5.3%)
Free cash flow (509) (34) 16 7 11 (16) 4 46 (98) (225) (23) (8.7%)
Balance, $m
Balance, $m Working capital 13 4 6 56 73 53 109 95 88 188 190 +34.1%
Net debt 303 385 392 638 622 798 931 964 1,192 871 886 +12.5%
Shareholders’ equity 411 383 345 346 243 407 562 496 413 1,280 1,259 +13.5%
Returns, %
Returns, % ROA (5.52) (1.89) (0.46) (2.35) (4.19) (2.03) 0.35 (0.14) (0.93) (0.39) 1.22 +5.1 pt
ROIC (1.31) 0.29 1.37 0.74 (1.53) 0.86 2.76 3.02 2.70 1.72 1.91 +3.0 pt
ROE (9.05) (3.75) (1.02) (7.16) (18.45) (9.04) 1.30 (0.52) (4.05) (1.03) 2.25 +8.0 pt
People
People Employees — — — 375 400 420 450 500 560 1,000 — +17.8%
Revenue/emp, $m 0.00 0.00 0.00 0.29 0.31 0.40 0.47 0.47 0.42 0.28 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Smartstop Self Storage REIT Inc vs peers in Reit Industrial (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CUBE CubeSmart $10.2B 29.8× 27.9× +3.12% (above 0%: growing) +16.11% (above 0%: growing) −5.37% (below 0%: shrinking) 67.42% 42.77% Compare
LINE Lineage, Inc. $9.0B — (loss-making) — (loss-making) +0.81% (above 0%: growing) n/m +91.92% (above 0%: growing) 31.23% 3.97% Compare
REXR Rexford Industrial Realty, Inc. $8.1B — (loss-making) — (loss-making) −5.58% (below 0%: shrinking) −81.08% (below 0%: shrinking) +58.30% (above 0%: growing) 76.16% 39.41% Compare
FR First Industrial Realty Trust, Inc. $7.4B 20.1× 21.7× +8.65% (above 0%: growing) −10.20% (below 0%: shrinking) −240.72% (below 0%: shrinking) 74.45% 44.21% Compare
TRNO Terreno Realty Corporation $7.3B 19.9× 33.2× +13.74% (above 0%: growing) −38.00% (below 0%: shrinking) +118.95% (above 0%: growing) 75.26% 42.18% Compare
STAG Stag Industrial, Inc. $7.1B 26.1× 33.6× +9.44% (above 0%: growing) +44.00% (above 0%: growing) +2,111.22% (above 0%: growing) 79.99% 38.36% Compare
COLD Americold Realty Trust Inc. $4.5B 19.0× — (loss-making) +4.20% (above 0%: growing) n/m +237.07% (above 0%: growing) 32.79% 107.39% Compare
SMA Smartstop Self Storage REIT Inc $2.3B 75.1× 54.8× +18.65% (above 0%: growing) n/m +93.06% (above 0%: growing) 60.10% 22.55%
IIPR Innovative Industrial Properties, Inc. $1.5B 11.8× 12.2× +0.36% (above 0%: growing) +17.77% (above 0%: growing) +8.47% (above 0%: growing) 89.31% 45.26% Compare
Median of peers $7.4B 20.0× 27.9× +3.66% +2.96% +75.11% 74.86% 42.48%

All 14 Reit Industrial stocks →

Pay and ownership Proxy statement filed 22 April 2026

Ownership

Directors and executive officers, together 5.70%
T. Rowe Price Associates, Inc. 10.70%
BlackRock, Inc. 5.80%
Prudential Financial, Inc. 5.30%
H. Michael Schwartz, Chairman of the Board of Directors, Chief Executive Officer and President 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Smartstop Self Storage REIT Inc (SMA) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript

4 Nov

Impact 3 · · Business Wire

30 Sep

Impact 4 · · credaily.com

29 Sep

Impact 4 · · CNW Group
Impact 4 · · Business Wire

9 Sep

Impact 3 ·

26 Aug

Impact 3 ·

18 Aug

Impact 4 ·

13 Aug

Impact 4 · · The Motley Fool transcript

10 Aug

Impact 3 ·

9 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 3 ·
Impact 3 · · Moby transcript

5 Aug

Impact 3 ·

14 Jul

Impact 3 ·

19 May

Impact 3 · · Business Wire

12 May

Impact 4 · · Simply Wall St.

7 May

Impact 3 · · Moby transcript

6 May

Impact 4 · · Zacks
Impact 3 · · Business Wire

8 Apr

Impact 3 · · Zacks

24 Mar

Impact 4 · · Business Wire

18 Mar

Impact 3 · · Business Wire

11 Mar

Impact 3 · · Business Wire

10 Mar

Impact 3 · · Business Wire

26 Feb

Impact 4 · · Simply Wall St.
Impact 4 · · GuruFocus.com
Impact 4 · · Zacks

25 Feb

Impact 4 · · Business Wire

SMA metrics, ten years each

stockrow.com/SMA · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com