SmartStop Self Storage REIT, Inc.

SmartStop Self Storage REIT, Inc.

SMA · NYSE · Real Estate / REIT - Industrial

39.86USD+0.53 (+1.35%)

Price History

Full chart

Market Stats

Previous Close39.33
Open39.58
Day Range39.41 – 40.12
52-Week Range28.68 – 36.96
Volume855.84K
Market Cap1.76B
P/E (TTM)52.88
Forward P/E0.00
EPS0.60
Dividend Yield5.04%
Beta-0.04
50-Day Avg33.48
200-Day Avg32.36

About

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 August 5, 2026, SmartStop has an owned or managed portfolio of more than 460 operating properties in 36 states, the District of Columbia, and Canada, comprising over 275,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 53 operating self-storage properties across four provinces in Canada, which total approximately 47,000 units and 4.7 million rentable square feet. SmartStop Self Storage REIT, Inc. was established in 2013 and was incorporated in Maryland.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. H. Michael Schwartz
  • Employees1.00K
  • Headquarters10 Terrace Road, Ladera Ranch, CA, United States, 92694, USA
  • Websitehttps://www.smartstopselfstorage.com

Leadership

  • Mr. H. Michael SchwartzFounder, President, CEO & Chairman of the Board · b. 1969
  • Mr. James R. BarryCFO & Treasurer · b. 1990
  • Mr. Joseph H. RobinsonChief Operations Officer · b. 1975
  • Mr. Wayne JohnsonChief Investment Officer & Director · b. 1958
  • Mr. Michael O. Terjung CPAChief Accounting Officer · b. 1977
  • Mr. David Steven Corak C.F.A.Senior Vice President of Corporate Finance & Strategy
  • Mr. Nicholas M. LookCompliance Officer, General Counsel & Secretary · b. 1983
  • Mr. Gerald ValleSenior Vice President of Self Storage Operations · b. 1969

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue124.02M168.76M206.32M232.99M237.01M281.14M
Growth (%)-+36.07%+22.26%+12.92%+1.72%+18.62%
Cost of Revenue46.91M53.86M57.41M74.49M137.20M255.07M
Gross Profit77.11M114.91M148.91M158.50M157.69M26.07M
Gross Margin62.17%68.09%72.17%68.03%66.53%9.27%
Operating Expense98.25M98.40M83.05M87.88M88.46M-32.96M
Operating Income-21.14M16.51M65.87M70.63M69.22M59.03M
Operating Margin-17.05%9.78%31.92%30.31%29.21%21.00%
EBITDA21.09M65.38M127.25M131.09M124.03M133.26M
EBITDA Margin17.01%38.74%61.67%56.26%52.33%47.40%
Net Income-44.30M-16.90M18.82M9.75M-5.62M-1.55M
Net Income Margin-35.72%-10.01%9.12%4.19%-2.37%-0.55%
Interest Expense36.05M33.38M41.51M61.80M72.33M59.90M
Interest Expense % of Total Revenue29.07%19.78%20.12%26.53%30.52%21.30%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.28B1.62B1.95B1.90B2.04B2.43B
Total Liabilities785.29M943.22M1.11B1.13B1.37B1.15B
Total Equity436.93M610.42M740.29M671.97M584.10M1.18B
Cash72.71M37.25M39.49M45.08M23.11M54.22M
Total Debt724.38M873.87M1.07B1.09B1.32B1.10B
Net Debt651.67M836.61M1.03B1.04B1.29B1.04B

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow26.77M58.76M87.91M73.19M64.03M84.97M
Investing Cash Flow-28.96M-120.21M-205.15M262.00K-180.94M-380.75M
Financing Cash Flow13.74M25.67M120.07M-66.10M94.82M325.23M
Capital Expenditure04326.27M146.44M317.81M
Free Cash Flow26.77M58.76M87.91M73.19M64.03M84.97M
Dividends Paid27.95M38.43M61.89M53.10M49.89M81.80M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF104.40%65.40%70.40%72.55%77.91%96.27%

Earnings

Report DateFeb 26, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.00-0.290.010.520.160.080.490.49
EPS Actual-0.15-0.31-0.150.470.150.090.49-
Surprise--6.90%-1639.00%-9.62%-6.25%12.50%0.00%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.76B
Enterprise Value2.84B
Trailing P/E52.88
Forward P/E0.00
Price / Sales6.20
Price / Book1.52
EPS0.60
Book Value20.89
Revenue (TTM)283.43M
Gross Profit (TTM)187.20M
EBITDA142.90M
Profit Margin10.17%
Operating Margin23.88%
Return on Equity2.41%
Return on Assets1.69%
Shares Outstanding55.37M
Shares Float55.14M
Beta-0.04
Dividend Yield5.04%
Dividend Rate1.60
Payout Ratio44.63%

Analyst Ratings

Strong Buy
Based on 11 analystsTarget 37.34
  • Strong Buy
    6
  • Buy
    5

Ownership Breakdown

Institutions
101.18%
Insiders
0.42%
Retail / Other
0.00%

Top Institutional Holders

  • T. Rowe Price Associates, Inc.
    5.97M10.78%
  • BlackRock Inc
    5.14M9.29%
  • The Goldman Sachs Group Inc
    3.43M6.19%
  • Principal Financial Group Inc
    3.21M5.79%
  • Vanguard Portfolio Management, LLC
    2.79M5.03%
  • Vanguard Capital Management, LLC
    2.18M3.94%
  • State Street Corp
    2.16M3.91%
  • NORGES BANK
    1.63M2.94%
  • Geode Capital Management, LLC
    1.44M2.59%
  • CenterSquare Investment Management LLC
    1.42M2.56%
  • Nuveen, LLC
    1.14M2.07%
  • Prudential Financial Inc
    1.03M1.87%
  • Massachusetts Financial Services Company
    981.44K1.77%
  • Conversant Capital LLC
    857.72K1.55%
  • Charles Schwab Investment Management Inc
    846.64K1.53%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    2.08M3.76%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.68M3.03%
  • T. Rowe Price Real Assets
    1.61M2.90%
  • iShares Russell 2000 ETF
    1.41M2.54%
  • Principal Real Estate Securities R5
    1.38M2.49%

Dividends

202610×
0.14Oct 30, 20260.13Sep 30, 20260.14Aug 31, 20260.14Jul 31, 20260.13Jun 30, 20260.14May 29, 20260.13Apr 30, 20260.14Mar 31, 20260.12Feb 27, 20260.14Jan 30, 2026
20259×
0.14Dec 31, 20250.13Nov 28, 20250.14Oct 31, 20250.13Sep 30, 20250.14Aug 29, 20250.14Jul 31, 20250.13Jun 30, 20250.14May 30, 20250.13Apr 30, 2025