Saturday 17 October 2026 Export SMA’s income statement to Excel — free account

Smartstop Self Storage REIT Inc

Smartstop Self Storage REIT Inc’s revenue for fiscal 2025 (year ended December 2025) was $281.1 million, up 18.6% from fiscal 2024. In the quarter to June 2026, revenue grew 18.7%, EPS grew 225.0%, free cash flow grew 93.1% and total debt rose 17.9%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.

34.17 0.24 +0.71%

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Market cap: $2.0B
P/E: 67.0×
Fwd P/E: 68.8×
Dividend yield: 5.08%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.22

Total sells 0.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	2	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	1	1	1	1	1	2	1	—

Insider Ownership 0.28%

Capital & Financial Ratios $m

Market Cap 2,010.00

Revenue 306.46

Net Income 30.81

Free Cash Flow (23.00)

Net Debt 885.71

Current Ratio 5.28

Debt/Equity 0.89

P/E ratio 67.00

Fwd P/E 68.80

P/S ratio 6.16

P/B ratio 1.50

Past 5Y EPS Growth —

This Y EPS Growth 435.53%

Next Y EPS Growth (2.13%)

Next Y revenue growth 14.46%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio 3.40

Annual Dividend Rate 1.74

Annual Dividend Yield 5.08%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.60	0.14 0.12 0.14 0.13 0.14 0.13 0.14 0.14 0.13 0.14
2025	1.66	0.13 0.14 0.13 0.14 0.14 0.13 0.14 0.13 0.14

predictions special payouts not included in total or ratios

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%

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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.17	0.20	—	—	—
’25	(0.35)	(0.16)	0.09	0.05	(0.20)
’24	(0.07)	(0.03)	(0.14)	(0.01)	(0.24)
’23	0.02	0.04	0.03	0.39	0.48
’22	0.04	0.16	0.02	0.02	0.24
’21	(0.19)	(0.02)	0.01	(0.05)	(0.25)
’20	(0.64)	(0.12)	(0.07)	(0.03)	(0.86)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	—	29.89	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	—	39.77
People
People	Employees	—	—	—	375	400	420	450	500	560	1,000
	Revenue/emp, $m	0.00	0.00	0.00	0.29	0.31	0.40	0.47	0.47	0.42	0.28
Income, $m
Income, $m	Revenue	45	76	80	110	124	169	213	233	237	281
	Gross margin, %	52.23	53.86	55.87	55.88	62.17	68.09	69.17	68.03	65.69	61.35
	EBT	(26)	(15)	(4)	(25)	0	(21)	21	9	(4)	0
	EBT margin, %	(57.46)	(19.69)	(4.63)	(22.91)	0.00	(12.67)	9.93	3.88	(1.86)	0.06
	Net income	(26)	(15)	(4)	(25)	(51)	(20)	22	12	(6)	(2)
	Depreciation	25	35	24	45	82	55	67	63	60	77
Per share, $
Per share, $	Revenue	1.13	1.36	1.40	1.88	2.08	2.12	2.31	9.63	9.82	5.94
	Earnings	(0.65)	(0.27)	(0.06)	(0.43)	(0.86)	(0.25)	0.24	0.48	(0.24)	(0.20)
	Cash flow	(0.02)	0.36	0.32	0.17	0.45	0.74	0.96	3.02	2.65	1.80
	Capex	(12.63)	(0.96)	(0.03)	(0.05)	(0.27)	(0.94)	(0.91)	(1.11)	(6.70)	(6.56)
	Free cash flow	(12.65)	(0.60)	0.29	0.12	0.18	(0.20)	0.04	1.92	(4.04)	(4.77)
	Book value	10.20	6.84	6.02	5.93	4.08	5.13	6.11	20.49	17.09	27.06
	Shares, m	40	56	57	58	60	79	92	24	24	47
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	3.21	3.21	3.21	3.21	3.21	3.21	3.21	3.21	3.21	5.21
	P/B	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03	2.03	1.14
	EV/Sales	8.39	8.39	8.39	8.39	8.39	8.39	8.39	8.39	8.39	8.30
	EV/FCF	(11.38)	(11.38)	(11.38)	(11.38)	(11.38)	(11.38)	(11.38)	(11.38)	(11.38)	(10.36)
Cash, $m
Cash, $m	Operating cash flow	(1)	20	18	10	27	59	88	73	64	85
	Capex	(508)	(54)	(2)	(3)	(16)	(75)	(84)	(27)	(162)	(310)
	Free cash flow	(509)	(34)	16	7	11	(16)	4	46	(98)	(225)
Balance, $m
Balance, $m	Working capital	13	4	6	56	73	53	109	95	88	188
	Total debt	321	397	406	713	718	874	1,068	1,087	1,317	1,098
	Net debt	303	385	392	638	622	798	931	964	1,192	871
	Shareholders’ equity	411	383	345	346	243	407	562	496	413	1,280
Returns, %
Returns, %	ROA	(5.52)	(1.89)	(0.46)	(2.35)	(4.19)	(2.03)	0.35	(0.14)	(0.93)	(0.39)
	ROIC	(1.31)	0.29	1.37	0.74	(1.53)	0.86	2.76	3.02	2.70	1.72
	ROE	(9.05)	(3.75)	(1.02)	(7.16)	(18.45)	(9.04)	1.30	(0.52)	(4.05)	(1.03)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
REXR Rexford Industrial Realty, Inc.	$8.2B	— (loss-making)	27.3×	−1.60% (below 0%: shrinking)	n/m	+30.62% (above 0%: growing)	77.10%	41.60%	Compare
FR First Industrial Realty Trust, Inc.	$8.1B	21.4×	26.9×	+8.20% (above 0%: growing)	+38.10% (above 0%: growing)	+183.07% (above 0%: growing)	75.40%	45.08%	Compare
LINE Lineage, Inc.	$7.8B	— (loss-making)	— (loss-making)	+0.81% (above 0%: growing)	n/m	+91.92% (above 0%: growing)	31.23%	3.97%	Compare
TRNO Terreno Realty Corporation	$7.0B	17.2×	32.9×	+11.12% (above 0%: growing)	−40.00% (below 0%: shrinking)	−173.91% (below 0%: shrinking)	76.25%	41.77%	Compare
STAG Stag Industrial, Inc.	$6.9B	27.6×	33.3×	+8.08% (above 0%: growing)	+3.70% (above 0%: growing)	−536.34% (below 0%: shrinking)	79.93%	37.04%	Compare
COLD Americold Realty Trust Inc.	$4.0B	— (loss-making)	— (loss-making)	+1.87% (above 0%: growing)	n/m	+63.81% (above 0%: growing)	32.08%	(43.42%)	Compare
LXP LXP Industrial Trust	$3.6B	61.1×	614×	+0.45% (above 0%: growing)	n/m	−175.97% (below 0%: shrinking)	81.64%	16.08%	Compare
SMA Smartstop Self Storage REIT Inc	$2.0B	67.0×	68.8×	+18.65% (above 0%: growing)	n/m	+93.06% (above 0%: growing)	60.10%	22.55%
IIPR Innovative Industrial Properties, Inc.	$1.5B	11.7×	13.7×	+0.67% (above 0%: growing)	+59.77% (above 0%: growing)	+74.31% (above 0%: growing)	88.63%	65.46%	Compare
Median of peers	$6.9B	21.4×	30.1×	+1.34%	+20.90%	+47.22%	76.68%	39.32%

All 15 Reit Industrial stocks →

Smartstop Self Storage REIT Inc (SMA) key facts

Strength: Smartstop Self Storage REIT Inc’s revenue for fiscal 2025 (year ended December 2025) was $281.1 million, up 18.6% from fiscal 2024.
Smartstop Self Storage REIT Inc (SMA) is a Reit Industrial company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, SMA traded at $34.17, a market capitalization of $2.0 billion.
Smartstop Self Storage REIT Inc pays an annual dividend of $1.74 per share, a yield of 5.08%.
Return on equity was −1.03% and debt-to-equity 0.89.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.