SMA Stock Analysis: SmartStop Self Storage REIT | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 1.885m USD | 12M Return: -1.6% | US83192D4025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.2M
Qual. Beats: 0
Rev. Trend: 90.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 1.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SmartStop Self Storage REIT, Inc. (NYSE: SMA) is a self-managed, fully integrated self-storage REIT that operates, sponsors, and manages self-storage properties under the SmartStop brand. The companys operations span an owned or managed portfolio of more than 460 operating properties across 36 U.S. states, the District of Columbia, and Canada, totaling over 275,000 units and more than 35 million rentable square feet. Beyond directly owned assets, SmartStop generates additional revenue by sponsoring third-party self-storage programs and providing third-party management services through its Managed Platform in the U.S. and Canada. The company employs a vertically integrated team of more than 1,000 self-storage professionals and is headquartered in the U.S., having been established in 2013 and incorporated in Maryland.
Its Canadian footprint includes 53 owned or managed properties across four provinces, with approximately 47,000 units and 4.7 million rentable square feet. The self-storage REIT sector generally monetizes a portfolio of real estate assets by renting individual storage units on a monthly basis, with revenue tied to occupancy and unit rates, and typically benefits from recurring rental income and operational scale.
- Same-store revenue growth driven by occupancy and rate gains
- Managed Platform expansion accelerates fee-based revenue
- Interest rate moves impact cap rate spreads on acquisitions
| Net Income: 28.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.31 > 1.0 |
| NWC/Revenue: -32.89% < 20% (prev -0.29%; Δ -32.60% < -1%) |
| CFO/TA 0.05 > 3% & CFO 110.3m > Net Income 28.8m |
| Net Debt (1.08b) to EBITDA (163.8m): 6.60 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.5m) vs 12m ago 1.90% < -2% |
| Gross Margin: -6.18% > 18% (prev 51.79%; Δ -57.97% > 0.5%) |
| Asset Turnover: 6.77% > 50% (prev 8.18%; Δ -1.41% > 0%) |
| Interest Coverage Ratio: 1.62 > 6 (EBIT TTM 84.8m / Interest Expense TTM 52.3m) |
| A: -0.02 (Total Current Assets 38.2m - Total Current Liabilities 91.0m) / Total Assets 2.44b |
| B: -0.28 (Retained Earnings -680.7m / Total Assets 2.44b) |
| C: 0.04 (EBIT TTM 84.8m / Avg Total Assets 2.37b) |
| D: 0.98 (Book Value of Equity 1.16b / Total Liabilities 1.18b) |
| Altman-Z'' = 0.22 = B |
As of October 14, 2026, the stock is trading at USD 32.99 with a total of 687,945 shares traded. Over the past week, the price has changed by -0.42%, over one month by +2.84%, over three months by +0.75% and over the past year by -1.61%.
Current recommended Stop Loss: 31.30 (which is 5.1% or 2.4 ATR below the current price).
SmartStop Self Storage REIT has received a consensus analysts rating of 3.92. Therefore, it is recommended to buy SMA.
- StrongBuy: 5
- Buy: 2
- Hold: 4
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 36.6 | 10.9% |
P/E Trailing = 61.9434
P/S = 6.6501
P/B = 1.5168
Revenue TTM = 160.5m USD
EBIT TTM = 84.8m USD
EBITDA TTM = 163.8m USD
Long Term Debt = 1.12b USD (from longTermDebt, last quarter)
Short Term Debt = 91.0m USD (from shortTermDebt, last quarter)
Debt = 1.12b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.08b USD (calculated: Debt 1.12b - CCE 38.2m)
Enterprise Value = 2.97b USD (1.88b + Debt 1.12b - CCE 38.2m)
Interest Coverage Ratio = 1.62 (Ebit TTM 84.8m / Interest Expense TTM 52.3m)
EV/FCF = 26.89x (Enterprise Value 2.97b / FCF TTM 110.3m)
FCF Yield = 3.72% (FCF TTM 110.3m / Enterprise Value 2.97b)
FCF Margin = 68.74% (FCF TTM 110.3m / Revenue TTM 160.5m)
Net Margin = 17.96% (Net Income TTM 28.8m / Revenue TTM 160.5m)
Gross Margin = -6.18% ((Revenue TTM 160.5m - Cost of Revenue TTM 170.4m) / Revenue TTM)
Gross Margin QoQ = 10.32% (prev 6.16%)
Tobins Q-Ratio = 1.22 (Enterprise Value 2.97b / Total Assets 2.44b)
Interest Expense / Debt = 4.67% (Interest Expense 52.3m / Debt 1.12b)
Taxrate = 5.19% (1.69m / 32.5m)
NOPAT = 80.4m (EBIT 84.8m * (1 - 5.19%))
Current Ratio = 0.42 (Total Current Assets 38.2m / Total Current Liabilities 91.0m)
Debt / Equity = 0.97 (Debt 1.12b / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = 6.60 (Net Debt 1.08b / EBITDA 163.8m)
Debt / FCF = 9.80 (Net Debt 1.08b / FCF TTM 110.3m)
Total Stockholder Equity = 1.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.22% (Net Income 28.8m / Total Assets 2.44b)
RoE = 2.45% (Net Income TTM 28.8m / Total Stockholder Equity 1.18b)
RoCE = 3.69% (EBIT 84.8m / Capital Employed (Equity 1.18b + L.T.Debt 1.12b))
RoIC = 3.31% (NOPAT 80.4m / Invested Capital 2.43b)
WACC = 5.48% (E(1.88b)/V(3.00b) * Re(6.11%) + D(1.12b)/V(3.00b) * Rd(4.67%) * (1-Tc(0.05)))
Discount Rate = 6.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.89 | Cagr: -21.93%
[DCF] Terminal Value 77.97% ; FCFF base≈86.6m ; Y1≈99.2m ; Y5≈146.0m
[DCF] Fair Price = 20.16 (EV 2.20b - Net Debt 1.08b = Equity 1.12b / Shares 55.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 90.42 | Revenue CAGR: 9.85% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.13 | Chg30d=-11.53% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.64 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+298.7% | GrowthRev=+14.5%
EPS next Year (2027-12-31): EPS=0.62 | Chg30d=+2.03% | Revisions=+0% | GrowthEPS=-4.2% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: +0% (up=2, down=2)