Smartstop Self Storage REIT Inc (SMA) Stock

Smartstop Self Storage REIT Inc (SMA) is a Real Estate stock trading at $34.23 (as of 2026-08-21), with a market capitalization of $1.90B and a trailing P/E of 84.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SmartStop Self Storage REIT Inc is a self-managed REIT with an integrated operations team of approximately 570 self-storage professionals. It operates a self-storage portfolio across North America, including locations in Canada and markets in the U.S.

Understand Smartstop Self Storage REIT Inc: how it makes money

SmartStop Self Storage REIT owns and operates self-storage facilities in North America, it makes money from self-storage rental revenue and from managed platform revenue through its operations platform.

Results are driven by keeping self-storage units highly occupied (recurring owned-rental revenue), with upside from adding managed properties through the same operating platform.

Revenue by segment (latest quarter)
Rent$0.1B
Managed$0.0B
Ancillary$0.0B
Other$0.0B

Business quality (Solid): Clear recurring revenue mix (rental plus managed platform) and concrete operating KPIs (occupancy), but much of the operating detail relies on occupancy and store-level performance, and the provided rent-per-square-foot figures are not informative due to rounding.

Bull case

  • High occupancy supports recurring cash flow from storage rentals, with Ending Occupancy at 90.8% and Same-Store Ending Occupancy at 92.5%: Keeps utilization strong across the portfolio, which can help stabilize revenue quality in a self-storage REIT model.
  • The platform extends beyond owned properties, with Managed Platform Revenue and Assets Under Management reported: A larger managed footprint can diversify results and lever the same operations team.

Bear case

  • Performance is exposed to demand and tenant behavior, since occupancy is central to the business model: If occupancy declines, rental revenue pressure can follow, which is a key risk for storage operators.
  • The provided revenue mix shows Managed Platform Revenue is smaller than owned self-storage rental revenue: If managed revenue growth slows, the company may have less ability to offset weakness in owned rentals.
Valuation — source: SEC EDGAR (first-party)
Price$34.23
Market Cap$1.90B
P/E Ratio84.9
EV / EBITDA20.8
Price / Book1.51
Price / Sales6.18
DCF Value (model)$44.63
DCF Upside vs Price30.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$281.14M
Net Margin-3.1%
Revenue Growth (YoY)18.6%
Valuation vs Sector & Industry
Stock P/E84.9
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector212.5%
vs Industry140.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($155.71M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorReal Estate
IndustryTrading
CEOH. Michael Schwartz
Employees560
CountryUS
IPO Date2025-04-02

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SMA earnings history · SMA institutional & insider holders · SMA KPIs & operating metrics · SMA financials · SMA investor presentations & press releases · SMA SEC filings · SMA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.