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Self-storage REIT that owns and manages self-storage facilities across the US and Canada under the SmartStop brand.
Self-storage REIT that owns and manages self-storage facilities across the US and Canada under the SmartStop brand.
Earns month-to-month storage rent, plus fees for tenant insurance and protection plans and for managing storage properties owned by affiliated programs. Short rental terms let pricing adjust quickly. It listed on the NYSE in 2025 after years as a non-traded REIT (one sold to individual investors rather than traded on an exchange).
Moat: narrow (scale, brand). Local density and brand recognition support pricing, though storage remains a fairly commoditized market.
Headquarters: Ladera Ranch, California, US · Founded: 2013 · Employees: 1,000
Size SmartStop Self Storage REIT (SMA) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $2.31B, the 1709th largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.92 on 6 Nov 2026.
Performance Over six months the shares gained 19.5%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 21.1% over the last twelve months (peer median +5.5%); the operating margin is 22.4% (peer median 38.7%).
Valuation It trades at 1.86× book value against a peer median of 1.25× (2nd most expensive of 21).
Price implies The share price implies a return on equity of about 9.3%; SmartStop Self Storage REIT delivers 2.4%, so the price asks more than the business earns today.
Short interest Short interest is 8.8% of the free float (15 Oct 2026).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $306M | $281M | $237M | $233M | $213M |
| Revenue growth | — | +19% | +2% | +10% | — |
| Gross profit | $106M | $103M | $99.8M | $98.5M | $82.6M |
| EBITDA | $148M | $129M | $125M | $131M | $127M |
| Net income | $28.1M | -$2.17M | -$6.07M | $9.39M | $18.5M |
| Free cash flow | $122M | $96.6M | $64.6M | $73.8M | $87.9M |
| Capital expenditure | $73,000 | $73,000 | $0 | $0 | $0 |
| Total debt | $1.12B | $1.10B | $1.32B | $1.09B | $1.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SmartStop Self Storage REIT SMA | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% |
| Public Storage PSA | $63.1B | +10% | +5% | 16% | 6.45× | 43.1% |
| Extra Space Storage EXR | $33.2B | +12% | +4% | 8% | 2.59× | 21.8% |
| CubeSmart CUBE | $10.1B | +11% | +3% | 13% | 4.06× | 30.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SMA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.0% | +5.6% | 2nd highest of 21 |
| 6-month return | +19.5% | -5.4% | 3rd highest of 21 |
| Return on equity | 2.4% | 4.9% | 6th lowest of 21 |
| Price / book | 1.86× | 1.25× | 2nd most expensive of 21 |
| Trailing P/E | 76.7× | 20.0× | 3rd most expensive of 18 |
| ROE the price implies | 9.3% | 8.6% | 9th most demanding of 21 |
| ROE delivered | 2.4% | 4.8% | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% | 2.4% |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% | 2.7% |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | -3% | 1.01× | 12.2% | -2.8% |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 1% | 1.18× | 10.0% | 1.3% |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 7% | 1.31× | 5.2% | 6.8% |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% | -3.2% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% | -1.0% |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 7% | 1.54× | 5.8% | 7.3% |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 2% | 1.38× | 11.0% | 1.6% |
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% | 4.8% |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 39% | 1.50× | 9.9% | 38.7% |
| Primaris Real Estate Investment Trust PMZ-UN.TO | Canada | $2.11B | +21% | +18% | 5% | 1.08× | 9.1% | 4.6% |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 7% | 0.74× | 4.7% | 6.5% |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 8% | 1.58× | 12.2% | 7.5% |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 8% | 1.95× | 16.9% | 8.0% |
| Industrial & Infrastructure Fund Investment 3249.T | Japan | $2.07B | -12% | +36% | 8% | 1.33× | 6.4% | 8.5% |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 4% | 0.78× | 8.4% | 3.9% |
| Parkway Life Real Estate Investment Trust C2PU.SI | Singapore | $2.05B | 0% | +3% | 10% | 1.56× | 6.3% | 10.1% |
| Aroundtown AT1.DE | Germany | $2.04B | -32% | +1% | 5% | 0.22× | 4.0% | 4.9% |
| BWP Trust BWP.AX | Australia | $2.01B | -2% | +2% | 13% | 0.86× | 7.4% | 13.2% |
| Mitsui Fudosan Logistics Park 3471.T | Japan | $2.00B | -13% | +156% | 5% | 0.99× | 5.0% | 4.6% |