SmartStop Self Storage REIT, Inc. (SMA)
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.
- Symbol
- SMA
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Market cap
- $1.76B
- 52 week range
- 29.41 - 38.69
Valuation
- Share price
- $31.68 (close of 2026-09-23)
- P/E (TTM)
- 59.99x
- Price to book
- 1.40x
- Price to free cash flow
- 15.97x
- Enterprise value
- $2.84B
- Book value per share
- $22.74
Price performance
| Period | Change |
|---|
| 1 day | -3.00% |
| 5 days | -1.28% |
| 1 month | -7.40% |
| 3 months | -2.61% |
| 6 months | +1.41% |
| Year to date | +2.39% |
| 1 year | -14.38% |
| All time | -3.27% |
Profitability and growth
- Return on equity
- -0.68%
- Return on invested capital
- 2.46%
- Return on assets
- -0.36%
- Gross margin
- 61.35%
- Net margin
- -3.12%
- EBITDA margin
- 47.06%
- Revenue growth
- 18.62%
- Net income growth
- 52.35%
- Free cash flow growth
- 32.71%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.26%
- Net debt to EBITDA
- 6.60x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $281.14M
- Cost of revenue
- $183.83M
- Gross profit
- $172.47M
- EBITDA
- $132.30M
- Net income
- $-8.76M
- Earnings per share
- $-0.19
- Interest expense
- $59.90M
- Shares outstanding
- 47.30M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $281.14M | $172.47M | $-8.76M | $-0.19 |
| 2024-12-31 | $237.01M | $155.69M | $-18.38M | $-0.20 |
| 2023-12-31 | $232.99M | $158.50M | $-2.75M | $-0.03 |
| 2022-12-31 | $212.64M | $147.09M | $21.67M | $0.07 |
| 2021-12-31 | $168.76M | $39.77M | $-19.56M | $-0.37 |
| 2020-12-31 | $124.02M | - | $-51.21M | $-0.91 |
| 2019-12-31 | $109.53M | $22.05M | $-25.10M | $-0.42 |
| 2018-12-31 | $80.41M | $55.18M | $-3.72M | $-0.06 |
| 2017-12-31 | $76.11M | $51.62M | $-14.99M | $-0.27 |
| 2016-12-31 | $45.17M | $29.19M | $-26.10M | $-0.65 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 61.35% | -3.12% | -0.68% | 2.46% |
| 2024-12-31 | 65.69% | -7.75% | -4.45% | 3.97% |
| 2023-12-31 | 68.03% | -1.18% | -0.55% | 4.59% |
| 2022-12-31 | 69.17% | 10.19% | 3.86% | 4.14% |
| 2021-12-31 | 23.57% | -11.59% | -4.80% | 4.46% |
| 2020-12-31 | - | -41.29% | -21.05% | -8.98% |
| 2019-12-31 | 20.13% | -22.91% | -7.26% | 4.09% |
| 2018-12-31 | 68.63% | -4.63% | -1.08% | 4.82% |
| 2017-12-31 | 67.83% | -19.69% | -3.91% | 0.95% |
| 2016-12-31 | 64.63% | -57.79% | -6.36% | -2.08% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $54.22M | - |
| 2024-12-31 | $23.11M | - |
| 2023-12-31 | $45.08M | - |
| 2022-12-31 | $39.49M | - |
| 2021-12-31 | $37.25M | - |
| 2020-12-31 | $72.71M | - |
| 2019-12-31 | $62.28M | - |
| 2018-12-31 | $10.27M | - |
| 2017-12-31 | $7.36M | - |
| 2016-12-31 | $14.99M | $320.82M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $84.97M | $16.62M |
| 2024-12-31 | $64.03M | $5.26M |
| 2023-12-31 | $73.19M | $5.26M |
| 2022-12-31 | $87.91M | $3.97M |
| 2021-12-31 | $58.76M | $2.91M |
| 2020-12-31 | $26.77M | $1.74M |
| 2019-12-31 | $9.77M | $404.54K |
| 2018-12-31 | $18.36M | $75.29K |
| 2017-12-31 | $19.94M | $33.97K |
| 2016-12-31 | $-874.47K | - |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $1.60
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.14 |
| 2026-07-31 | $0.14 |
| 2026-06-30 | $0.13 |
| 2026-05-29 | $0.14 |
| 2026-04-30 | $0.13 |
| 2026-03-31 | $0.14 |
| 2026-02-27 | $0.12 |
| 2026-01-30 | $0.14 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.49
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-05 | Jun/2026 | $0.49 |
| 2026-05-06 | - | - |
| 2026-02-25 | - | - |
| 2025-11-05 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2014-10-30 | - | - |
| 2014-08-04 | - | - |
Filings and sources
- Company website
- smartstopselfstorage.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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