(SMA) SmartStop Self Storage REIT - Overview
Stock: Self-Storage, Property, Management, Advisory
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.90% |
| Yield on Cost 5y | 4.27% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.1% |
| Relative Tail Risk | 4.32% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.03 |
| Alpha | -5.38 |
| Character TTM | |
|---|---|
| Beta | 0.265 |
| Beta Downside | 0.141 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.62% |
| CAGR/Max DD | 0.10 |
Description: SMA SmartStop Self Storage REIT January 16, 2026
SmartStop Self Storage REIT, Inc. (NYSE: SMA) is a self-managed REIT that operates a fully integrated team of over 1,000 storage professionals. Through its subsidiaries-SmartStop REIT Advisors, LLC (which sponsors additional storage programs) and Argus Professional Storage Management (which provides third-party management in the U.S. and Canada)-the company both owns and manages a portfolio of more than 460 properties spanning 34 U.S. states, the District of Columbia, and four Canadian provinces, totaling roughly 270,000 units and 35 million rentable square feet.
Key operating metrics that analysts watch include an industry-leading occupancy rate of about 94-95% and FY 2024 funds-from-operations (FFO) of $0.12 per share, reflecting modest same-store revenue growth of roughly 5% year-over-year. The self-storage sector remains buoyed by macro trends such as continued e-commerce expansion, population shifts toward urban rental markets, and relatively low vacancy rates (≈ 7% nationally), all of which support steady rent growth.
Investors should also note that SMA’s cost of capital is increasingly sensitive to rising interest rates, which can compress cap rates and pressure valuation multiples across the REIT space.
For a deeper, data-driven look at SMA’s valuation and peer comparison, the ValueRay platform provides a concise snapshot worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -4.79m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.41 > 1.0 |
| NWC/Revenue: -0.18% < 20% (prev -8.41%; Δ 8.23% < -1%) |
| CFO/TA 0.03 > 3% & CFO 81.4m > Net Income -4.79m |
| Net Debt (987.4m) to EBITDA (125.1m): 7.89 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.4m) vs 12m ago -42.54% < -2% |
| Gross Margin: 49.57% > 18% (prev 0.66%; Δ 4891 % > 0.5%) |
| Asset Turnover: 12.17% > 50% (prev 12.08%; Δ 0.09% > 0%) |
| Interest Coverage Ratio: 0.87 > 6 (EBITDA TTM 125.1m / Interest Expense TTM 65.9m) |
Altman Z'' -1.30
| A: -0.00 (Total Current Assets 54.2m - Total Current Liabilities 54.7m) / Total Assets 2.39b |
| B: -0.27 (Retained Earnings -638.0m / Total Assets 2.39b) |
| C: 0.03 (EBIT TTM 57.3m / Avg Total Assets 2.16b) |
| D: -0.58 (Book Value of Equity -638.0m / Total Liabilities 1.10b) |
| Altman-Z'' Score: -1.30 = CCC |
Beneish M 1.00
| DSRI: 23.69 (Receivables 400.0k/15.0k, Revenue 263.3m/233.9m) |
| GMI: 1.33 (GM 49.57% / 66.11%) |
| AQI: 1.07 (AQ_t 0.11 / AQ_t-1 0.11) |
| SGI: 1.13 (Revenue 263.3m / 233.9m) |
| TATA: -0.04 (NI -4.79m - CFO 81.4m) / TA 2.39b) |
| Beneish M-Score: 16.04 (Cap -4..+1) = D |
What is the price of SMA shares?
Over the past week, the price has changed by +1.97%, over one month by +1.00%, over three months by -4.86% and over the past year by +1.79%.
Is SMA a buy, sell or hold?
- StrongBuy: 6
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SMA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 38.1 | 18.9% |
| Analysts Target Price | 38.1 | 18.9% |
| ValueRay Target Price | 33.3 | 4% |
SMA Fundamental Data Overview February 04, 2026
P/B = 4.8692
Revenue TTM = 263.3m USD
EBIT TTM = 57.3m USD
EBITDA TTM = 125.1m USD
Long Term Debt = 1.04b USD (from longTermDebt, last quarter)
Short Term Debt = 792.0k USD (from shortTermDebt, last quarter)
Debt = 1.04b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 987.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.79b USD (1.80b + Debt 1.04b - CCE 47.8m)
Interest Coverage Ratio = 0.87 (Ebit TTM 57.3m / Interest Expense TTM 65.9m)
EV/FCF = 34.29x (Enterprise Value 2.79b / FCF TTM 81.4m)
FCF Yield = 2.92% (FCF TTM 81.4m / Enterprise Value 2.79b)
FCF Margin = 30.90% (FCF TTM 81.4m / Revenue TTM 263.3m)
Net Margin = -1.82% (Net Income TTM -4.79m / Revenue TTM 263.3m)
Gross Margin = 49.57% ((Revenue TTM 263.3m - Cost of Revenue TTM 132.8m) / Revenue TTM)
Gross Margin QoQ = 35.91% (prev 59.30%)
Tobins Q-Ratio = 1.17 (Enterprise Value 2.79b / Total Assets 2.39b)
Interest Expense / Debt = 1.20% (Interest Expense 12.5m / Debt 1.04b)
Taxrate = 21.0% (US default 21%)
NOPAT = 45.3m (EBIT 57.3m * (1 - 21.00%))
Current Ratio = 0.99 (Total Current Assets 54.2m / Total Current Liabilities 54.7m)
Debt / Equity = 0.87 (Debt 1.04b / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = 7.89 (Net Debt 987.4m / EBITDA 125.1m)
Debt / FCF = 12.13 (Net Debt 987.4m / FCF TTM 81.4m)
Total Stockholder Equity = 891.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.22% (Net Income -4.79m / Total Assets 2.39b)
RoE = -0.54% (Net Income TTM -4.79m / Total Stockholder Equity 891.9m)
RoCE = 2.96% (EBIT 57.3m / Capital Employed (Equity 891.9m + L.T.Debt 1.04b))
RoIC = 2.30% (NOPAT 45.3m / Invested Capital 1.97b)
WACC = 4.71% (E(1.80b)/V(2.84b) * Re(6.89%) + D(1.04b)/V(2.84b) * Rd(1.20%) * (1-Tc(0.21)))
Discount Rate = 6.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -24.31%
[DCF Debug] Terminal Value 84.98% ; FCFF base≈72.0m ; Y1≈63.5m ; Y5≈52.2m
Fair Price DCF = 19.19 (EV 1.58b - Net Debt 987.4m = Equity 595.7m / Shares 31.1m; r=5.90% [WACC]; 5y FCF grow -14.52% → 2.90% )
EPS Correlation: 66.63 | EPS CAGR: 179.5% | SUE: N/A | # QB: 0
Revenue Correlation: 84.90 | Revenue CAGR: 7.71% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=0.48 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+4257.4% | Growth Revenue=+7.7%