Saturday 17 October 2026
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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. 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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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 29.89 |
Analyst estimates 2026–2028 Powerpack |
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| 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.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
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.
Smartstop Self Storage REIT Inc (SMA) Latest News
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