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MARKETS / NYSE / SMA
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

SmartStop Self Storage Reit, Inc. SMA

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$281.1M
▲ 18.6% YoY
$-8.8M
$-219.2M
In brief

What this company does

SmartStop Self Storage REIT, Inc. focuses on the acquisition, ownership, and operation of self storage properties located primarily within the top 100 metropolitan statistical areas throughout the United States and Canada. As of December 31, 2025, its wholly-owned portfolio consisted of 177 operating self storage properties diversified across 19 states, the District of Columbia, and Canada, comprising approximately 122,000 units and 13.9 million net rentable square feet. In total, as of December 31, 2025, it managed 273 operating self storage properties that it did not own, consisting of approximately 140,000 units and 20.4 million rentable square feet, through its Managed Platform. As of December 31, 2025, the company had more than 1,000 employees, none of which were represented by a collective bargaining agreement. The company operates in two reportable business segments: self storage operations and its Managed Platform business. Its self storage operations consist of its wholly-owned self storage facilities, primarily generating month-to-month rental revenue and related ancillary revenue, while its Managed Platform business consists of the management services it performs for the Managed REITs and, pursuant to its Third Party Platform, for third-party owned properties it manages, including property management, asset management, and construction and development management contracts. SmartStop Self Storage REIT, Inc. is a Maryland corporation formed on January 8, 2013 under the Maryland General Corporation Law.

Written from the business description in SmartStop Self Storage REIT, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 281.1M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 281.1 · Net income -8.8
100M200M-20M-40M2013201520172019202120232025
Compound annual growth
+9.8%
+17.8%
+31.7%
+14.9%
+31.3%
+47.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +17.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−1 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 21.0% · Net -0.6%
-200%-400%2013201520172019202120232025
ROE
FY2025 · ROE -1.2%
-20%-40%2013201520172019202120232025

Each USD of equity lost 1 cents this year.

Cash & shareholders
USD 74.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -219.2
20M40M-200M-400M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 74.8 · Net buybacks —
25.0M50.0M2013201520172019202120232025

USD 74.8M in dividends went back to shareholders in a year without profit.

Total assetsUSD 2.4B
EquityUSD 1.2B
CashUSD 54.2M

Equity funds 49% of total assets.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B0.30.20.20.20.20.10.10.10.10.00.00.00.0
Operating income $B0.10.10.10.10.0−0.00.00.00.0−0.0−0.0−0.00.0
EBITDA $B0.10.10.10.10.10.00.00.00.0−0.0−0.0−0.00.0
Income tax $B0.00.0−0.0−0.0−0.0−0.0·······
Net income $B−0.0−0.0−0.00.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.00.0
Free cash flow $B−0.2−0.10.10.0−0.00.00.00.0−0.0−0.5−0.1−0.00.0
EPS, diluted $·−0.20−0.030.07−0.37−0.91·····−4.590.00
Dividend / sh $·········0.600.600.60·
Payout %−854−203−1478········−7·
ROE %−1.2−5.0−0.6········−42.40.0
Shares out B0.060.00·········0.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 3 divergences in 31 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2013

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