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SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of February 20, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. SmartStop Self Storage REIT, Inc. was established on January 08, 2013 and incorporated Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $281M | $133M | $-2M | $85M | -0.1% | 18.6% | -72.5% |
| 2024 | $237M | $124M | $-6M | $64M | -1.4% | 1.7% | -157.6% |
| 2023 | $233M | $131M | $10M | $73M | 2.1% | 9.6% | -48.2% |
| 2022 | $213M | $127M | $19M | $88M | 3.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 281.14 |
| Operating Revenue | 268.68 |
| Cost Of Revenue | 108.67 |
| Gross Profit | 172.47 |
| Operating Expense | 111.41 |
| Selling General And Administration | 38.21 |
| Total Expenses | 220.08 |
| Operating Income | 61.06 |
| Total Operating Income As Reported | 59.10 |
| EBITDA | 133.26 |
| Normalized EBITDA | 137.76 |
| EBIT | 60.06 |
| Interest Income | 4.37 |
| Interest Expense | 59.90 |
| Net Interest Income | -55.53 |
| Other Non Operating Income Expenses | -0.02 |
| Other Income Expense | -5.37 |
| Interest Income Non Operating | 4.37 |
| Interest Expense Non Operating | 59.90 |
| Net Non Operating Interest Income Expense | -55.53 |
| Pretax Income | 0.16 |
| Tax Provision | 1.90 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.94 |
| Net Income Continuous Operations | -1.74 |
| Net Income From Continuing And Discontinued Operation | -1.55 |
| Net Income From Continuing Operation Net Minority Interest | -1.55 |
| Net Income | -1.55 |
| Net Income Common Stockholders | -8.76 |
| Net Income Including Noncontrolling Interests | -1.74 |
| Normalized Income | 2.01 |
| Diluted NI Availto Com Stockholders | -8.76 |
| Basic Average Shares | 47.30 |
| Diluted Average Shares | 47.30 |
| Reconciled Depreciation | 73.20 |
| Reconciled Cost Of Revenue | 108.67 |
| Total Unusual Items | -4.50 |
| Total Unusual Items Excluding Goodwill | -4.50 |
| Preferred Stock Dividends | 7.21 |
| Minority Interests | 0.19 |
| Special Income Charges | -4.78 |
| Other Special Charges | 2.53 |
| Write Off | - |
| Impairment Of Capital Assets | - |
| Restructuring And Mergern Acquisition | 2.25 |
| Gain On Sale Of Security | 0.28 |
| Depreciation Amortization Depletion Income Statement | 73.20 |
| Depreciation And Amortization In Income Statement | 73.20 |
| General And Administrative Expense | 38.21 |
| Other Gand A | 38.21 |
| Otherunder Preferred Stock Dividend | - |
| Earnings From Equity Interest | -0.85 |
| Amortization | 9.97 |
| Amortization Of Intangibles Income Statement | 9.97 |
| Depreciation Income Statement | 63.23 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SmartStop Self Storage REIT, Inc.this co. | SMA | $1.7B | -1100.86 | 1.44 | -0.1% | 20.61 |
| Xenia Hotels & Resorts, Inc. | XHR | $1.8B | 28.34 | 1.58 | 5.6% | 10.77 |
| LTC Properties, Inc. | LTC | $1.8B | 15.12 | 1.66 | 11.0% | 13.24 |
| Ellington Financial Inc. | EFC | $1.7B | 14.28 | 0.92 | 6.5% | - |
| Innovative Industrial Properties, Inc. |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| IIPR |
| $1.7B |
| 14.21 |
| 0.93 |
| 6.6% |
| 9.60 |
| Sila Realty Trust, Inc. | SILA | $1.7B | 50.45 | 1.26 | 2.5% | 16.48 |
| Century Communities, Inc. | CCS | $1.6B | 10.95 | 0.62 | 5.7% | 12.52 |
| Empire State Realty Trust, Inc. | ESRT | $1.6B | 33.83 | 1.52 | 4.5% | 10.36 |
| RLJ Lodging Trust | RLJ | $1.6B | 56.45 | 0.89 | 1.6% | 10.81 |
| Peer Median | - | 21.73 | 1.09 | 5.6% | 10.81 | |