Smartstop Self Storage REIT Inc
SMA · Price history
Price at last available close
$35.67
+$3.32 (+10.26%) 1M
2026-10-29
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Company & revenue
About Smartstop Self Storage REIT Inc
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
As a self-managed real estate investment trust (REIT), SmartStop heavily incorporates technology into its operations. The company is supported by a comprehensive, integrated team of roughly 570 self-storage professionals. Recognized as one of North America's leading self-storage providers, SmartStop continues to grow its portfolio across Canada and within high-potential markets throughout the United States.
How they make money
SmartStop Self Storage REIT, Inc. operates as a self-managed, fully-integrated real estate investment trust that generates revenue primarily through the rental of self-storage units to residential and commercial customers. Additionally, the company earns fee-based income by providing property management and related services to self-storage facilities owned by third-party entities and unconsolidated joint ventures.
Products & services
The company provides self-storage rental units for personal and business use, along with property management, development, and administrative services for self-storage facilities.
Brands & revenue mix
The primary brand under which the company operates its self-storage facilities.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company's customer base is highly fragmented, consisting of a large number of individual residential and commercial tenants, with no single customer accounting for a material portion of total revenue as of December 31, 2025.
Suppliers, materials & equipment
- Property management software and utility service providers — Various third-party vendors providing essential operational services including facility management software, utilities, and maintenance services.Source
Business relationships & partnerships
- SmartCentres Real Estate Investment Trust — A strategic joint venture partnership in Canada involving the development and operation of self-storage properties.Source
Competitors
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
30
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
52
Business Quality / Moat
100
Management
13
Growth Quality
22
Risk / Durability
13
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
24
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
33/100
Building Historical Record
Model Score 33/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for SMA
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving SMA's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is SMA's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is SMA's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify SMA's current valuation?
Essential Investment Snapshot
Wall Street Score
30
Opportunity Score
24
Market Cap
$1.98B
P/E Ratio
65.9
EPS
$0.51
52-Week High
$38.69
52-Week Low
$29.41
Beta
0.48
Intrinsic Value
$15.46
Analyst Target
$36.00
Shares Outstanding
47.3M
Total Revenue
$160.5M
Total Debt
$1.12B
Reported Dividend Yield
4.01%
Liquidation Value / Share
$26.62
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SMA
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on SMA.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Fully-integrated, self-managed operating platform.
- +High-quality portfolio in high-growth markets.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Sensitivity to economic downturns and changes in local real estate market conditions.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
30
Oct 1, 2026
Change
-0.2
points
Current Score
30
Oct 19, 2026
Category Changes
SMA decreased 0.2 points because some fundamentals weakened.
Projected Score
Projected Score
31
Projected Change
+1.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$35.67
Model Intrinsic Value
$15.46
Difference
+$20.21
+130.7% vs IV
Margin of Safety
-130.7%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $160.5M | $281.1M | $237.0M | $233.0M | ···· | ···· | ···· |
| Cost of Revenue | $170.4M | $255.1M | $137.2M | $74.5M | ···· | ···· | ···· |
| Gross Profit | -$9.9M | $26.1M | $157.7M | $158.5M | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· |
| SG&A Expenses | $37.7M | $38.2M | $29.9M | $27.5M | ···· | ···· | ···· |
| Operating Expenses | -$57.0M | -$33.0M | $88.5M | $87.9M | ···· | ···· | ···· |
| EBITDA | $163.8M | $133.3M | $124.0M | $131.1M | ···· | ···· | ···· |
| Operating Income | $47.1M | $59.0M | $69.2M | $70.6M | ···· | ···· | ···· |
| Interest Expense | $52.3M | $59.9M | $72.3M | $61.8M | ···· | ···· | ···· |
| Income Before Tax | $32.5M | $164K | -$4.4M | $9.1M | ···· | ···· | ···· |
| Income Tax Expense | $1.7M | $1.9M | $1.5M | -$2.6M | ···· | ···· | ···· |
| Net Income | $28.8M | -$1.5M | -$5.6M | $9.8M | ···· | ···· | ···· |
| Basic EPS | $0.51 | $-0.19 | $-0.19 | $-0.03 | ···· | ···· | ···· |
| Basic Shares | 55.26M | 47.30M | 96.56M | 96.81M | ···· | ···· | ···· |
| Diluted Shares | 55.45M | 47.30M | 96.56M | 96.81M | ···· | ···· | ···· |
Earnings Summary
Revenue
$79.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.20
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+17.9%
Cash Change
+1.2%
Margin Change
+21.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 18.6%. EPS declined 233.3%. Cash increased 1.2%. Total debt increased 17.9%. Net income margin improved by 21.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · SMA
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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