SmartStop Self Storage REIT, Inc. (SMA) Key Metrics
SMA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.96B
- Enterprise value
- $2.84B
- P/E (TTM)
- 64.5
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 6.9
- Price / book
- 1.5
- EV / EBITDA
- 17.3
- Dividend yield
- 4.52% $1.60 a year
- Beta
- −0.04
SMA key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSMA returns How much profit the business earns on the capital it uses.
SMA per-share figures Results divided by the shares outstanding at year-end.
SMA financial health Debt, liquidity and how easily interest is covered.
SMA efficiency & capital use Working capital cycle and where the cash goes.
SMA valuation history
SMA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SMA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SMA cash returned to shareholders
SMA price vs earnings per share
SMA key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $1.46B | — | — | — | — | — |
| Enterprise value | $2.51B | — | — | — | — | — |
| Price / sales | 5.2 | — | — | — | — | — |
| Price / book | 1.2 | — | — | — | — | — |
| Price / free cash flow | 17.2 | — | — | — | — | — |
| Price / operating cash flow | 17.2 | — | — | — | — | — |
| EV / sales | 8.9 | — | — | — | — | — |
| EV / EBITDA | 18.8 | — | — | — | — | — |
| EV / free cash flow | 29.5 | — | — | — | — | — |
| Earnings yield | −0.1% | — | — | — | — | — |
| Free cash flow yield | 5.8% | — | — | — | — | — |
| Dividend yield | 5.6% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 19.3% | — | — | — | — | — |
| Share price at fiscal year-end | $30.94 | — | — | — | — | — |
| Per share | ||||||
| Revenue per share | $5.94 | $2.45 | $2.41 | $2.24 | $2.12 | $2.08 |
| Earnings per share | −$0.03 | −$0.06 | $0.10 | $0.20 | −$0.21 | −$0.74 |
| Operating cash flow per share | $1.80 | $0.66 | $0.76 | $0.95 | $0.74 | $0.45 |
| Free cash flow per share | $1.80 | $0.66 | $0.76 | $0.95 | $0.74 | $0.45 |
| Cash per share | $1.15 | $0.24 | $0.47 | $0.43 | $0.47 | $1.22 |
| Book value per share | $24.96 | $6.05 | $6.94 | $8.04 | $7.68 | $7.33 |
| Tangible book value per share | $22.76 | $5.26 | $6.21 | $7.12 | $6.63 | $5.95 |
| Dividends per share | $1.73 | $0.52 | $0.55 | $0.67 | $0.48 | $0.47 |
| Capex per share | $6.72 | $1.52 | $0.27 | $0.00 | $0.00 | $0.00 |
| Debt per share | $23.22 | $13.64 | $11.23 | $11.61 | $11.00 | $12.15 |
| Shares outstanding | 47.3M | 96.6M | 96.8M | 92.1M | 79.4M | 59.6M |
| Change in shares outstanding | −51.0% | −0.3% | +5.2% | +15.9% | +33.2% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −0.2% | −0.9% | 1.4% | 2.8% | −3.2% | −10.1% |
| Return on invested capital (ROIC) | 1.4% | 3.0% | 4.1% | 4.1% | 1.0% | −1.5% |
| Return on assets (ROA) | −0.1% | −0.3% | 0.5% | 1.1% | −1.2% | −3.5% |
| Return on tangible assets | −0.1% | −0.3% | 0.5% | 1.0% | −1.1% | −3.7% |
| Free cash flow margin | 30.2% | 27.0% | 31.4% | 42.6% | 34.8% | 21.6% |
| Income quality (OCF / net income) | — | — | 7.50 | 4.67 | — | — |
| Financial health | ||||||
| Total debt | $1.10B | $1.32B | $1.09B | $1.07B | $873.9M | $724.4M |
| Cash & short-term investments | $54.2M | $23.1M | $45.1M | $39.5M | $37.3M | $72.7M |
| Net debt | $1.04B | $1.29B | $1.04B | $1.03B | $836.6M | $651.7M |
| Debt / equity | 0.93 | 2.26 | 1.62 | 1.44 | 1.43 | 1.66 |
| Debt / assets | 0.45 | 0.65 | 0.57 | 0.55 | 0.54 | 0.56 |
| Net debt / EBITDA | 7.83 | 10.44 | 7.95 | 8.09 | 12.80 | 30.90 |
| Current ratio | 1.25 | 0.61 | 1.39 | 1.22 | 1.41 | 2.66 |
| Quick ratio | 1.25 | 0.61 | 1.39 | 1.22 | 1.41 | 2.66 |
| Interest coverage | 1.0 | 1.0 | 1.1 | 1.6 | 0.5 | -0.6 |
| Working capital | $11.9M | −$18.4M | $14.9M | $8.2M | $13.0M | $50.3M |
| Invested capital | $2.22B | $1.88B | $1.71B | $1.77B | $1.45B | $1.09B |
| Tangible asset value | $1.18B | $594.8M | $692.9M | $749.6M | $591.0M | $414.7M |
| Net current asset value | −$1.09B | −$1.34B | −$1.08B | −$1.07B | −$898.5M | −$704.6M |
| Graham number | — | — | $3.97 | $6.08 | — | — |
| Graham net-net per share | −$23.21 | −$13.96 | −$11.23 | −$11.66 | −$11.40 | −$11.95 |
| Capital allocation | ||||||
| Dividends paid | $81.8M | $49.9M | $53.1M | $61.9M | $38.4M | $27.9M |
| Share buybacks (net) | $200.3M | $33.8M | $19.0M | $1.8M | $4.6M | $1.7M |
| Dividend payout ratio | — | — | 544.4% | 328.8% | — | — |
| Dividends + buybacks / free cash flow | 332.0% | 130.8% | 98.5% | 72.4% | 73.3% | 110.8% |
| Capex / revenue | 113.0% | 61.8% | 11.3% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 374.0% | 228.7% | 35.9% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 4.34 | 2.61 | 0.44 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 5.9% | 2.2% | 2.3% | 1.9% | 1.7% | 1.4% |
| SG&A / revenue | 13.6% | 12.6% | 11.8% | 13.7% | 13.8% | 13.3% |
| Efficiency | ||||||
| Days sales outstanding | — | 0.0 | 0.0 | 0.1 | 0.1 | — |
| Days payables outstanding | 54.9 | 89.2 | 140.0 | 161.6 | 126.7 | 114.3 |
| Cash conversion cycle (days) | — | -89.2 | -139.9 | -161.6 | -126.5 | — |
| Receivables turnover | — | 17,556.00 | 15,532.80 | 5,502.00 | 2,812.74 | — |
| Payables turnover | 6.65 | 4.09 | 2.61 | 2.26 | 2.88 | 3.19 |
| Asset turnover | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.10 |
| Average receivables | — | $13,500 | $15,000 | $37,500 | $60,000 | — |
| Average payables | $38.4M | $33.5M | $28.6M | $25.4M | $18.7M | $14.7M |
| Intangibles / total assets | 4.3% | 3.7% | 3.7% | 4.4% | 5.2% | 6.4% |
Computed from SMA's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SMA valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 64.5. SmartStop Self Storage REIT earned a return on equity of −0.2% and a return on invested capital of 1.4% in fiscal 2025. It ended the year with $1.1 billion of debt and $54.2 million in cash and short-term investments, net debt of $1.0 billion. It returned $282.1 million to shareholders: $81.8 million in dividends and $200.3 million in share buybacks, 332% of free cash flow. The share count fell 20.7% from 59.6M to 47.3M over 5 years.
See the SMA income statement, the SMA chart for price history, or the SMA stock overview for the latest quote and news.
SMA key metrics FAQ
What is SmartStop Self Storage REIT's P/E ratio?
SmartStop Self Storage REIT's trailing P/E ratio is 64.5 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.
What is SmartStop Self Storage REIT's EV/EBITDA?
SmartStop Self Storage REIT's enterprise value was 18.8 times EBITDA at the end of fiscal 2025 (enterprise value $2.5 billion, EBITDA $133.3 million); the current EV/EBITDA is 17.3.
What is SmartStop Self Storage REIT's return on equity?
SmartStop Self Storage REIT's return on equity (ROE) was −0.2% in fiscal 2025: net income of -$1.5 million on average shareholders' equity of $882.3 million.
What is SmartStop Self Storage REIT's ROIC?
SmartStop Self Storage REIT's return on invested capital was 1.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does SmartStop Self Storage REIT have?
SmartStop Self Storage REIT had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.93 and $1.0 billion of net debt (7.83 times EBITDA).
What is SmartStop Self Storage REIT's dividend yield?
SmartStop Self Storage REIT's forward dividend yield is 4.52%. SmartStop Self Storage REIT paid $81.8 million in dividends in fiscal 2025 ($1.73 per share), a payout ratio of —.
Does SmartStop Self Storage REIT buy back its shares?
Yes. SmartStop Self Storage REIT spent $200.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −51.0% over the year, to 47.3M..
What is SmartStop Self Storage REIT's free cash flow yield?
SmartStop Self Storage REIT generated $85.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.8% on its market value at year-end ($1.5 billion).
What is SmartStop Self Storage REIT's current ratio?
SmartStop Self Storage REIT's current ratio was 1.25 at the end of fiscal 2025: current assets were 1.25 times current liabilities.