SMA Stock Analysis: SmartStop Self Storage REIT | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 1.864m USD | 12M Return: -6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 21.9M
Qual. Beats: 0
Rev. Trend: 90.4%
Warnings
Tailwinds
No distinct edge detected
Seasonality 1.2 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, vertically integrated self-storage REIT headquartered in Ladera Ranch, California, that operates, sponsors, and manages self-storage facilities. In addition to owning its own portfolio, the company sponsors third-party self-storage programs through SmartStop REIT Advisors, LLC and provides third-party management services across the U.S. and Canada via its Managed Platform.
As of February 20, 2026, the company had an owned or managed portfolio of more than 460 operating properties in 35 U.S. states, the District of Columbia, and Canada, totaling over 270,000 units and more than 35 million rentable square feet. Its Canadian footprint alone covers 49 operating properties across four provinces. The company was established on January 8, 2013, and went public on the NYSE in April 2025 with a small-cap market capitalization of approximately $1.8 billion.
Self-storage REITs generate revenue primarily through recurring rental fees on individual units, with relatively low variable operating costs that support high operating margins and stable cash flows. Demand for self-storage is largely non-cyclical and is typically driven by life events such as moves, downsizing, and relocations, which tends to limit revenue volatility compared with other real estate sub-sectors.
- Same-store revenue grows on occupancy gains and rate increases
- Managed platform expansion drives fee-based income growth
- Interest rate moves impact borrowing costs and FFO outlook
| Net Income: 13.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.23 > 1.0 |
| NWC/Revenue: -32.51% < 20% (prev -6.75%; Δ -25.76% < -1%) |
| CFO/TA 0.04 > 3% & CFO 98.7m > Net Income 13.0m |
| Net Debt (1.05b) to EBITDA (143.1m): 7.33 < 3 |
| Current Ratio: 0.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.3m) vs 12m ago -42.76% < -2% |
| Gross Margin: 14.54% > 18% (prev 53.82%; Δ -39.28% > 0.5%) |
| Asset Turnover: 6.53% > 50% (prev 8.55%; Δ -2.02% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 66.6m / Interest Expense TTM 51.0m) |
| A: -0.02 (Total Current Assets 43.9m - Total Current Liabilities 92.0m) / Total Assets 2.42b |
| B: -0.28 (Retained Earnings -669.9m / Total Assets 2.42b) |
| C: 0.03 (EBIT TTM 66.6m / Avg Total Assets 2.27b) |
| D: 1.01 (Book Value of Equity 1.17b / Total Liabilities 1.15b) |
| Altman-Z'' = 0.23 = B |
| DSRI: 3.0 (Receivables 2.70m/200k, Revenue 148.0m/180.7m) |
| GMI: 3.70 (GM 53.82% / 14.54%) |
| AQI: 1.27 (AQ_t 0.13 / AQ_t-1 0.10) |
| SGI: 0.82 (Revenue 148.0m / 180.7m) |
| TATA: -0.04 (NI 13.0m - CFO 98.7m) / TA 2.42b) |
| Beneish M = 1.10 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at USD 32.52 with a total of 236,688 shares traded. Over the past week, the price has changed by -2.28%, over one month by +0.00%, over three months by +3.36% and over the past year by -6.01%.
Current recommended Stop Loss: 31.10 (which is 4.4% or 1.7 ATR below the current price).
SmartStop Self Storage REIT has received a consensus analysts rating of 4.55. Therefore, it is recommended to buy SMA.
- StrongBuy: 6
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.1 | 11% |
P/E Trailing = 105.2188
P/S = 6.6738
P/B = 1.5777
Revenue TTM = 148.0m USD
EBIT TTM = 66.6m USD
EBITDA TTM = 143.1m USD
Long Term Debt = 1.09b USD (from longTermDebt, last quarter)
Short Term Debt = 92.0m USD (from shortTermDebt, last quarter)
Debt = 1.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.05b USD (calculated: Debt 1.09b - CCE 43.9m)
Enterprise Value = 2.91b USD (1.86b + Debt 1.09b - CCE 43.9m)
Interest Coverage Ratio = 1.31 (Ebit TTM 66.6m / Interest Expense TTM 51.0m)
EV/FCF = 29.53x (Enterprise Value 2.91b / FCF TTM 98.7m)
FCF Yield = 3.39% (FCF TTM 98.7m / Enterprise Value 2.91b)
FCF Margin = 66.64% (FCF TTM 98.7m / Revenue TTM 148.0m)
Net Margin = 8.77% (Net Income TTM 13.0m / Revenue TTM 148.0m)
Gross Margin = 14.54% ((Revenue TTM 148.0m - Cost of Revenue TTM 126.5m) / Revenue TTM)
Gross Margin QoQ = 6.16% (prev none%)
Tobins Q-Ratio = 1.20 (Enterprise Value 2.91b / Total Assets 2.42b)
Interest Expense / Debt = 4.67% (Interest Expense 51.0m / Debt 1.09b)
Taxrate = 10.46% (1.63m / 15.6m)
NOPAT = 59.6m (EBIT 66.6m * (1 - 10.46%))
Current Ratio = 0.48 (Total Current Assets 43.9m / Total Current Liabilities 92.0m)
Debt / Equity = 0.94 (Debt 1.09b / totalStockholderEquity, last quarter 1.17b)
Debt / EBITDA = 7.33 (Net Debt 1.05b / EBITDA 143.1m)
Debt / FCF = 10.64 (Net Debt 1.05b / FCF TTM 98.7m)
Total Stockholder Equity = 1.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.57% (Net Income 13.0m / Total Assets 2.42b)
RoE = 1.09% (Net Income TTM 13.0m / Total Stockholder Equity 1.19b)
RoCE = 2.91% (EBIT 66.6m / Capital Employed (Equity 1.19b + L.T.Debt 1.09b))
RoIC = 2.47% (NOPAT 59.6m / Invested Capital 2.41b)
WACC = 5.67% (E(1.86b)/V(2.96b) * Re(6.54%) + D(1.09b)/V(2.96b) * Rd(4.67%) * (1-Tc(0.10)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -22.03%
[DCF] Terminal Value 77.97% ; FCFF base≈83.3m ; Y1≈95.4m ; Y5≈140.5m
[DCF] Fair Price = 19.23 (EV 2.11b - Net Debt 1.05b = Equity 1.06b / Shares 55.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.14 | # QB: 0
Revenue Correlation: 90.42 | Revenue CAGR: 9.85% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=-9.38% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.11 | Chg30d=-25.56% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.51 | Chg30d=+2.27% | Revisions=+0% | GrowthEPS=+215.2% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=0.54 | Chg30d=-0.92% | Revisions=+0% | GrowthEPS=+6.0% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +0% (up=2, down=2)