SMARTSTOP SELF STORAGE REIT INC (SMA)

What SMARTSTOP SELF STORAGE REIT INC does

SmartStop Self Storage REIT is a self-managed, fully-integrated REIT that owns, operates, and manages self-storage properties primarily in the top 100 U.S. and Canadian metropolitan areas. As of December 31, 2025, the company owned 177 operating properties across 19 states, D.C., and Canada comprising approximately 122,000 units and 13.9 million rentable square feet, and ranked 10th among U.S. self-storage operators by rentable square footage. Beyond its core owned portfolio, SmartStop operates a Managed Platform that includes properties sponsored through Strategic Storage Trust entities and third-party managed properties acquired through the Argus acquisition, bringing the total managed properties to 273 operating facilities.

Fundamentals

• Price$32.52 as of 2026-07-09 close
• Market cap$1.9B as of 2026-07-10
• 1-year return-10.5% as of 2026-07-09 close
• P/E148.64 as of 2026-07-10
• Net margin+4.4% as of 2026-07-10
• Gross margin+61.6% as of 2026-07-10
• ROE+1.1% as of 2026-07-10
• Debt / equity0.94 as of 2026-07-10
• Revenue CAGR (3y)+9.8% SEC XBRL
• Beta1.00 as of 2026-07-10

Dividend: yield +4.9%; 3-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Competition at self-storage properties and from alternative storage options could cause rents and occupancy rates to decline","Reliance on information technologies vulnerable to cyberattacks, hacking, and unauthorized access, which could disrupt operations and compromise customer data","Increases in interest rates could materially impact financing costs and debt service obligations given the company's capital-intensive real estate model"]

See SMA's biggest risks from its latest 10-Q →

Competitors & peers

• CubeSmart (CUBE)
• Extra Space Storage (EXR)
• Public Storage (PSA)
• Life Storage (LSI)
• Secura Self Storage
• National Storage Affiliates (NSA)

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