SmartStop Self Storage REIT, Inc. (SMA) AI Stock Analysis

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 September 29, 2026, SmartStop has an owned or managed portfolio of approximately 475 operating properties in 36 U.S. states, the District of Columbia, and Canada, comprising more than 285,000 units and approximately 36.8 million rentable square feet.

SmartStop delivered a five-year revenue compound annual growth rate of 17.8% from FY2020 to FY2025. Annual revenue expanded from $168.8M in FY2021 to $206.3M in FY2022, $233.0M in FY2023, and $237.0M in FY2024, reaching $281.1M in FY2025. Operating margins fluctuated from 9.8% in FY2021 to 31.9% in FY2022, settling at 21.0% in FY2025 alongside a gross margin of 9.3%. Net income totaled -$1.5M in FY2025 with an EPS of $0.16. Over the trailing twelve months ending June 30, 2026, revenue stood at $283.4M with a profit margin of 10.2% and quarterly revenue growth of 11.4%.

As of June 30, 2026, SmartStop held $38.2M in cash and short-term investments against total debt of $1.12B, resulting in net debt of $1.08B. Shareholders' equity was $1.16B on total assets of $2.44B, reflecting a debt-to-equity ratio of 0.97 and a current ratio of 0.42. Free cash flow reached $85.0M in FY2025, while capital expenditures totaled $317.8M. Cash deployment in FY2025 also included $200.3M directed toward share buybacks and $81.8M paid in dividends.

At a share price of $34.16, SmartStop has a market capitalization of $1.96B and an enterprise value of $2.84B. The stock trades at a trailing price-to-earnings multiple of 64.5x, well above the 21.6x median of its US-listed Real Estate peers. Its price-to-sales ratio of 6.9x and EV-to-EBITDA ratio of 17.3x also exceed peer medians of 3.7x and 14.7x, respectively. Over the trailing one-year period, SMA returned -1.9%, lagging behind the 16.8% return generated by the S&P 500 (SPY).

SmartStop pays a monthly dividend with a forward annual dividend rate of $1.60 per share, delivering a dividend yield of 4.68%. The payout ratio stands at 45.0%, and the company has paid dividends for 2 consecutive years. The last ex-dividend date occurred on October 30, 2026.

Wall Street coverage includes 5 Strong Buy, 2 Buy, 4 Hold, and 1 Sell ratings. The mean price target is $36.60, representing a 7.2% premium over the last close of $34.16. For the fiscal year ending December 31, 2026, analysts estimate EPS of $0.64 and revenue of $321.8M. The company beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of SmartStop Self Storage REIT, Inc. (SMA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SMA income statement, SMA balance sheet, SMA key metrics, SMA analyst forecast, SMA chart. See the SMA stock overview for the latest quote and news.