SmartStop Self Storage REIT, Inc. (SMA) Stock Price & Analysis
SmartStop Self Storage REIT, Inc. (SMA) is trading at USD 35.72, up 0.79% today, as of October 23, 2026 at 17:27 UTC (US market open; quotes may be delayed), according to Nexqual market data.
SMA last closed at USD 35.44; today's session has ranged USD 35.36–35.92 on volume of 180,802 shares. Market capitalization is $2.05B, with a 52-week range of USD 29.41–38.69 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 17:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SMA.md
Key facts (SMA)
- Last four reported quarters (through Jun 30, 2026): revenue $306M, net income $28.8M (9.4% margin) (SEC filings).
- Valuation: P/E 71.1x, EV/EBITDA 22.6x, net debt $1.09B.
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $132K; 1 not under a Rule 10b5-1 plan ($35K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.55 on a 1–5 scale) (11 analysts), mean target USD 36.36 (range 33–40).
- Total return with dividends: 1Y -1.1% vs S&P 500 +14.4%; 5Y +16.7% vs S&P 500 +77.0%.
- Next earnings: 2026-11-04, EPS estimate USD 0.13, revenue estimate $80.6M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SMA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $169M | $213M | $233M | $237M | $281M | $306M |
| Gross profit | — | $147M | $159M | $156M | $172M | — |
| Operating income | $16.5M | $65.9M | $70.6M | $69.2M | $59.1M | $65.7M |
| Net income | -$19.6M | $21.7M | -$2.7M | -$18.4M | -$8.8M | $28.8M |
| EPS (diluted) | -$0.37 | $0.07 | -$0.03 | -$0.20 | — | — |
| Gross margin | — | 69.2% | 68.0% | 65.7% | 61.3% | — |
| Operating margin | 9.8% | 31.0% | 30.3% | 29.2% | 21.0% | 21.4% |
| Net margin | -11.6% | 10.2% | -1.2% | -7.8% | -3.1% | 9.4% |
| Revenue growth | +36.1% | +26.0% | +9.6% | +1.7% | +18.6% | — |
| Cash + short-term investments | $37.3M | $39.5M | $45.1M | $23.1M | $54.2M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SMA)
P/E 71.1x · P/S 6.7x · EV/EBITDA 22.6x · EV/Sales 10.2x · P/B 1.8x · Earnings yield 1.41% · Dividend yield (paid, TTM) 4.32% · Net debt $1.09B · EV $3.14B
Insider sales (SEC Form 4, open-market, last ~7 months) (SMA)
7 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-16 | Mueller David J | Director | 425 | $14K | 10.1% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-16 | Mueller David J | Director | 425 | $14K | 9.2% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Mueller David J | Director | 425 | $14K | 8.4% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Look Nicholas | General Counsel and Secretary | 1,025 | $35K | 63.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-16 | Mueller David J | Director | 425 | $14K | 7.7% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-16 | Mueller David J | Director | 425 | $14K | 7.2% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-05-18 | Mueller David J | Director | 425 | $13K | 6.7% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-16 | Mueller David J | Director | 425 | $14K | 6.3% | Yes (adopted December 15, 2025) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SMA)
Consensus Hold (mean 2.55 on a 1–5 scale), 11 analysts; mean target USD 36.36 (low 33, high 40).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Truist Securities | Downgrade | Buy → Hold | $36 → $33 |
| 2026-10-02 | Baird | Target lowered | Outperform | $37 → $36 |
| 2026-09-21 | JP Morgan | Target raised | Underweight | $33 → $34 |
| 2026-09-01 | Wells Fargo | Target raised | Equal-Weight | $33 → $35 |
| 2026-08-27 | BMO Capital | Downgrade | Outperform → Market Perform | $38 |
| 2026-08-10 | Baird | Target raised | Outperform | $36 → $37 |
| 2026-07-24 | Wells Fargo | Target raised | Equal-Weight | $32 → $33 |
Total return (dividends reinvested) (SMA)
| 1Y (from 2025-10-23) | 5Y (from 2025-03-31) | |
|---|---|---|
| Total return | -1.1% | +16.7% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -1.1% | +10.4% |
| Volatility (annualized) | 26.8% | 24.4% |
| Max drawdown | -19.9% (Oct 2025→Mar 2026) | -21.5% (Sep 2025→May 2026) |
SMA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Self Storage | $65.8M | 83.0% | +8.1% |
| Managed Platform | $13.4M | 17.0% | +126.6% |
| Total revenue | $79.3M | 100% | — |
SMA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Self Storage Rental Revenue | $62.9M | 79.3% | +8.1% |
| Managed Platform Revenue | $6.7M | 8.5% | +67.2% |
| Reimbursable Costs From Managed Platform | $6.7M | 8.4% | +253.0% |
| Ancillary Operating Revenue | $3.0M | 3.7% | +8.4% |
| Total revenue | $79.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SMA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | KeyBanc Capital Markets | “On March 17, 2021, we, through our Operating Partnership (the "Borrower"), entered into a credit facility with KeyBank, National Association, as administrative agent, KeyBanc Capital Markets, Inc., Wells Fargo Securities, Citibank, N.A., and BMO Capital Markets, Corp., as joint book runners and joint lead arrangers, and certain other lenders party thereto (the "Former Credit Facility").” |
| Partner | BMO Capital Markets | “On March 17, 2021, we, through our Operating Partnership (the "Borrower"), entered into a credit facility with KeyBank, National Association, as administrative agent, KeyBanc Capital Markets, Inc., Wells Fargo Securities, Citibank, N.A., and BMO Capital Markets, Corp., as joint book runners and joint lead arrangers, and certain other lenders party thereto (the "Former Credit Facility").” |
| Partner | SS&C GIDS | “Effective as of April 29, 2024, we transitioned to a new transfer agent, SS&C GIDS, Inc. In connection with such transfer, we simultaneously terminated the transfer agent agreement with Strategic Transfer Agent Services, LLC.” |
| Partner | Strategic Transfer Agent Services | “Effective as of April 29, 2024, we transitioned to a new transfer agent, SS&C GIDS, Inc. In connection with such transfer, we simultaneously terminated the transfer agent agreement with Strategic Transfer Agent Services, LLC.” |
Quoted from the company's 10-K filed Feb 27, 2026.
Companies that name SMA in their SEC reports
| Relationship to SMA | Company | Filing | Sentence |
|---|---|---|---|
| partner | Extra Space Storage Inc. (EXR) | 10-K Feb 20, 2026 | “Investments in unconsolidated real estate entities and cash distributions in unconsolidated real estate ventures represent the Company's interest in preferred stock of SmartStop Self Storage REIT, Inc. ("SmartStop"), Strategic Storage Trust VI, Inc. and Strategic Storage Growth Trust III, Inc. (collectively, "Strategic Storage"), affiliates of SmartStop, and the Company's noncontrolling interest in real estate joi…” |
SMA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.13 | $0.11 | +16.8% | $80.6M | 2 |
| Next quarter (ends Dec 2026) | $0.18 | $0.14 | +35.5% | $82.7M | 2 |
| Current fiscal year (ends Dec 2026) | $0.64 | $0.51 | +26.5% | $321.8M | 1 |
| Next fiscal year (ends Dec 2027) | $0.62 | $0.54 | +14.3% | $341.5M | 1 |
Key Statistics (as of October 23, 2026 at 17:28 UTC)
| Price | USD 35.72 |
|---|---|
| Change | ▲ 0.79% (up) |
| Previous Close | USD 35.44 |
| Open | USD 35.5 |
| Day Range | USD 35.36 – 35.92 |
| 52-Week Range | USD 29.41 – 38.69 |
| Volume | 180,802 shares |
| Market Cap | $2.05B |
| Exchange | NYQ |
Technical Analysis (SMA)
Nexqual's technical model rates SMA "BUY" based on 5 bullish and 3 bearish signals across 128 daily candles, as of October 23, 2026 at 17:28 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 71.02 (overbought) |
| vs SMA50 | Above (USD 33.04) |
| MACD | 0.65 (positive) |
Analyst Ratings (SMA)
Wall Street analysts rate SMA "Hold" based on 11 analysts, with a mean price target of USD 36.36 (range USD 33–40), per Nexqual as of October 23, 2026 at 17:28 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 36.36 |
| High Target | USD 40 |
| Low Target | USD 33 |
| Buy / Hold / Sell | 6 / 4 / 1 |
Earnings (SMA)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.13 |
| Revenue Estimate | $80.57M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.12 vs est 0.1 ▲ beat |
| 2026-03-31 | USD 0.09 vs est 0.08 ▲ beat |
| 2025-12-31 | USD 0.15 vs est 0.16 ▼ miss |
| 2025-09-30 | USD 0.1 vs est 0.08 ▲ beat |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financials & Fundamentals (SMA)
| Total Revenue | $283.43M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.40% |
| Gross Margin | +66.05% |
| Operating Margin | +23.88% |
| Profit Margin | +10.17% |
| ROE | +2.40% |
| Debt / Equity | 0.89 |
| Current Ratio | 0.31 |
| Total Cash | $38.19M |
| Total Debt | $1.12B |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financial Health Score (SMA)
Nexqual rates SmartStop Self Storage REIT, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 17:28 UTC.
| Growth | Solid — Revenue +11% YoY (latest Q) |
|---|---|
| Profitability | Strong — Gross margin 66%, operating 24% (last 12 months) |
| Balance Sheet | Weak — $38M cash and investments vs $1.12B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $85M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 2%, ROA 1.7% |
Ownership (SMA)
| Insider Ownership | +0.42% |
|---|---|
| Institutional Ownership | +101.38% |
| Shares Outstanding | 55.37M |
| Float | 55.15M |
| Short % of Float | +12.39% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Leadership (SMA)
SmartStop Self Storage REIT, Inc. is led by H. Michael Schwartz, Founder, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 17:28 UTC.
| Founder, President, CEO & Chairman of the Board | H. Michael Schwartz |
|---|---|
| CFO & Treasurer | James R. Barry |
| Chief Investment Officer & Director | Wayne Johnson |
| Senior Vice President of Corporate Finance & Strategy | David Steven Corak C.F.A. |
| Senior Vice President of Self Storage Operations | Gerald Valle |
Major Backers & Investors (SMA)
Notable institutional backers of SmartStop Self Storage REIT, Inc. include Price (T.Rowe) Associates Inc, Principal Financial Group, Inc., TR PRICE-Price (T.Rowe) Real Assets Trust I, according to Nexqual as of October 23, 2026 at 17:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 9.52% |
| Principal Financial Group, Inc. | 5.79% |
| TR PRICE-Price (T.Rowe) Real Assets Trust I | 5.78% |
| Goldman Sachs | 4.96% |
| T. Rowe Price | 3.95% |
| NORGES BANK | 2.94% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.78% |
| Vanguard Group | 9.52% |
| State Street | 4.05% |
| Geode Capital | 2.84% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
From SmartStop Self Storage REIT, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We seek to acquire undermanaged facilities that are not operated by institutional operators, where we can implement our proprietary management and technology to maximize net operating income.
- In considering and evaluating potential acquisition opportunities, and to augment our seasoned acquisition team, we employ our proprietary underwriting methodology.
- Joint ventures may also allow us to acquire an interest in a property without requiring that we fund the entire purchase price, but for which we would target being the property manager, both in the U.S. and Canada.
- Our in-house call center allows us to centralize our sales efforts as we capture new business over the phone, email, web-based chat, and text mediums.
Partnerships
- For example, we acquired a joint venture arrangement with SmartCentres Real Estate Investment Trust, an unaffiliated third party ("SmartCentres"), pursuant to which we and SmartCentres work together to identify primarily self storage development opportunities in certain regions in Canada.
- Concurrently with the Reverse Stock Split, we also effected a corresponding one-for-four reverse unit split (together with the Reverse Stock Split, the "Reverse Equity Splits") of units of our Operating Partnership.
Legal & Regulatory Risks (Item 1A, quoted)
- We are the subject of various claims and legal proceedings and may become the subject of claims, litigation or investigations which could have a material adverse effect on our business, financial condition or results of operations.
- Privacy concerns could result in regulatory changes that may harm our business.
- Our rights and the rights of our stockholders to recover claims against our officers and directors are limited, which could reduce our stockholders' and our recovery against them if they cause us to incur losses.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| IIPR | Innovative Industrial Propertie | USD 54.05 | ▼ 0.93% |
| LXP | LXP Industrial Trust | USD 61.1 | ▲ 0.01% |
| COLD | Americold Realty Trust, Inc. | USD 14.22 | ▼ 0% |
| TRNO | Terreno Realty Corporation | USD 64.84 | ▼ 1.22% |
| STAG | Stag Industrial, Inc. | USD 36.36 | ▼ 0.42% |
| FR | First Industrial Realty Trust, | USD 54.51 | ▼ 1.41% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:28 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt