SMA - Smartstop Self Storage REIT Inc
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$36.20
DETAILS
HIGH:
$39.00
LOW:
$33.00
MEDIAN:
$36.00
CONSENSUS:
$36.20
UPSIDE:
11.32%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 79.3 | 78.3 | 1.4 | 1.5 | 66.8 | 0.7 | 60.6 | 60.2 | 59.2 | 57.0 | 57.6 | 58.7 | 59.6 |
| Cost of Revenue | 71.1 | 73.5 | 13.3 | 12.5 | 27.2 | 22.0 | 20.4 | 21.2 | 19.9 | 19.9 | 18.4 | 19.1 | 18.6 |
| Gross Profit | 8.2 | 4.8 | (11.9) | (11.0) | 39.6 | (21.3) | 40.4 | 39.6 | 39.3 | 37.2 | 39.2 | 39.7 | 41.0 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 9.9 | 9.1 | 8.2 | 10.4 | 11.7 | 7.8 | 7.5 | 7.2 | 7.8 | 7.4 | 7.5 | 6.3 | 7.2 |
| Other Expenses | (23.7) | (19.9) | (23.5) | (27.6) | 17.7 | (24.3) | 14.9 | 14.7 | 13.8 | 13.7 | 14.7 | 15.2 | 15.2 |
| Operating Expenses | (13.8) | (10.8) | (15.3) | (17.1) | 29.4 | (16.4) | 22.4 | 21.9 | 21.6 | 21.2 | 22.2 | 21.5 | 22.4 |
| Operating Income | |||||||||||||
| Operating Income | 22.0 | 15.6 | 3.3 | 6.2 | 10.3 | (4.8) | 17.8 | 17.7 | 17.7 | 16 | 17.0 | 18.1 | 18.6 |
| Interest Expense | 13.3 | 13.1 | 13.3 | 12.5 | 12.0 | 22.0 | 19.4 | 19.1 | 17.3 | 16.6 | 16.3 | 15.9 | 14.9 |
| Interest Income | 2.1 | 2.0 | 1.4 | 1.5 | 0.7 | 0.7 | 0.9 | 1.0 | 0 | 0.7 | 0 | 0.7 | 0 |
| Profitability | |||||||||||||
| EBITDA | 45.5 | 43.7 | 36.7 | 37.9 | 24.9 | 33.9 | 34.2 | 30.2 | 30.7 | 28.9 | 31.6 | 32.6 | 33.1 |
| EBIT | 25.8 | 23.7 | 16.7 | 18.7 | 7.5 | 17.2 | 19.6 | 16.1 | 16.9 | 15.3 | 16.9 | 17.4 | 17.9 |
| Income Before Tax | 12.5 | 10.5 | 3.3 | 6.2 | (4.5) | (4.8) | 0.2 | (3.0) | (0.4) | (1.3) | 0.7 | 1.9 | 4.1 |
| Income Tax Expense | 0.4 | 0.3 | 0.4 | 0.6 | 0.3 | 0.6 | 0.4 | 0.4 | 0.3 | 0.3 | (1.7) | (1.1) | (0.1) |
| Net Income | 11.2 | 9.6 | 2.8 | 5.2 | (4.6) | (5.0) | (0.3) | (3.1) | (0.7) | (1.5) | 2.0 | 2.5 | 3.5 |
| Per Share Data | |||||||||||||
| EPS (Basic) | 0.20 | 0.17 | 0.05 | 0.09 | -0.15 | -0.05 | -0.04 | -0.07 | -0.04 | -0.05 | -0.01 | -0.01 | 0.00 |
| EPS (Diluted) | 0.20 | 0.17 | 0.05 | 0.09 | -0.15 | -0.05 | -0.04 | -0.07 | -0.04 | -0.05 | -0.01 | -0.01 | 0.00 |
| Shares Outstanding | 55.3 | 55.2 | 55.2 | 55.4 | 54.4 | 96.6 | 96.2 | 96.5 | 96.8 | 96.8 | 96.8 | 96.8 | 96.8 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||
| Cash & Cash Equivalents | 38.2 | 43.9 | 54.2 | 54.2 | 37.7 | 35.2 | 23.1 | 36.7 | 34.7 | 39.2 | 45.1 | 34.2 | 34.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 2.7 | 0 | 0.4 | 0.2 | 0 | 0.0 | 0 | 0 | 0.0 | 0.0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | (2.7) | 5.1 | (0.4) | 5.2 | 4.7 | 6.2 | 8.3 | 7.4 | 6.9 | 8.3 | 9.6 | 8.6 |
| Total Current Assets | 38.2 | 43.9 | 59.4 | 54.2 | 43.1 | 39.9 | 29.3 | 45.0 | 42.0 | 46.1 | 53.4 | 43.8 | 42.6 |
| Non-Current Assets | |||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 70.0 | 70.0 | 70.0 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 | 53.6 |
| Intangible Assets | 12.8 | 14.9 | 34.1 | 29.0 | 28.4 | 24.2 | 22.5 | 18.3 | 17.3 | 16.8 | 16.9 | 18.0 | 27.7 |
| Long-Term Investments | 2,246.1 | 2,244.3 | 167.7 | 2,220.7 | 145.8 | 95.1 | 96.5 | 98.2 | 76.3 | 72.2 | 70.2 | 69.0 | 70.2 |
| Other Non-Current Assets | (2,246.1) | 45.4 | 2,097.9 | 29.3 | 2,027.1 | 1,897.2 | 1,840.1 | 1,717.5 | 1,683.7 | 1,697.6 | 1,701.4 | 1,706.8 | 1,699.9 |
| Total Non-Current Assets | 85.7 | 2,377.5 | 2,372.8 | 2,337.1 | 2,259.5 | 2,074.5 | 2,012.8 | 1,892.2 | 1,835.5 | 1,840.3 | 1,842.2 | 1,847.4 | 1,851.5 |
| Total Assets | 2,437.9 | 2,421.4 | 2,432.2 | 2,391.3 | 2,302.7 | 2,114.4 | 2,042.1 | 1,937.2 | 1,877.6 | 1,886.4 | 1,895.6 | 1,891.3 | 1,894.1 |
| Current Liabilities | |||||||||||||
| Account Payables | 40.2 | 44.6 | 38.6 | 45.3 | 35.3 | 41.8 | 38.1 | 48.6 | 39.2 | 38.3 | 29.0 | 40.7 | 40.5 |
| Short-Term Debt | 91.0 | 92.0 | 0 | 0.8 | 1.5 | 0 | 104.1 | 0.9 | 1.8 | 2.8 | 321.4 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (40.2) | (53.1) | 0 | 0 | (1.5) | 0 | (104.1) | 15.2 | (1.9) | (2.9) | (321.4) | 0 | 0 |
| Total Current Liabilities | 91.0 | 92.0 | 47.4 | 54.7 | 43.7 | 52.1 | 47.7 | 64.7 | 48.3 | 47.6 | 38.5 | 50.1 | 49.8 |
| Non-Current Liabilities | |||||||||||||
| Long-Term Debt | 1,028.7 | 1,001.1 | 1,098.2 | 1,040.9 | 950.0 | 1,406.3 | 1,213.4 | 1,179.9 | 1,106.6 | 1,093.2 | 1,087.4 | 1,055.2 | 1,040.6 |
| Deferred Tax Liabilities | 6.4 | 6.5 | 6.6 | 6.5 | 6.4 | 6.1 | 6.0 | 6.2 | 6.1 | 6.1 | 6.2 | 6.1 | 6.2 |
| Other Non-Current Liabilities | 52.8 | 53.1 | 0 | 0 | 0 | 0 | 68.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1,087.9 | 1,060.7 | 1,104.8 | 1,048.2 | 956.4 | 1,412.4 | 1,323.4 | 1,186.1 | 1,112.7 | 1,099.3 | 1,093.6 | 1,061.3 | 1,046.8 |
| Total Liabilities | 1,178.9 | 1,152.7 | 1,152.2 | 1,102.0 | 1,000.1 | 1,464.5 | 1,371.1 | 1,250.8 | 1,161.0 | 1,146.9 | 1,132.1 | 1,111.3 | 1,096.5 |
| Stockholders' Equity | |||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 65.5 | 62.1 | 58.5 | 65.5 | 68.4 | 71.4 | 69.6 | 70.7 |
| Retained Earnings | (680.7) | (669.9) | (657.6) | (638.0) | (621.0) | (590.4) | (567.8) | (549.6) | (528.8) | (510.6) | (491.5) | (475.7) | (460.4) |
| Accumulated Other Comprehensive Income | (0.4) | 0.2 | 0.7 | 0.3 | 0.8 | (1.7) | (1.7) | (1.6) | (0.4) | 0.4 | 0.8 | 2.4 | 3.2 |
| Total Stockholders' Equity | 1,156.5 | 1,167.9 | 1,180.4 | 1,202.1 | 1,216.6 | 564.8 | 584.1 | 598.6 | 627.5 | 649.4 | 672.0 | 687.4 | 704.4 |
| Total Liabilities & Equity | 2,437.9 | 2,421.4 | 2,432.2 | 2,391.3 | 2,302.7 | 2,114.4 | 2,042.1 | 1,937.2 | 1,877.6 | 1,886.4 | 1,895.6 | 1,891.3 | 1,894.1 |
| Debt Metrics | |||||||||||||
| Total Debt | 1,119.6 | 1,093.1 | 1,098.2 | 1,041.7 | 950.0 | 1,406.3 | 1,317.4 | 1,179.9 | 1,106.6 | 1,093.2 | 1,087.4 | 1,055.2 | 1,040.6 |
| Net Debt | 1,081.5 | 1,049.2 | 1,044.0 | 987.4 | 912.3 | 1,371.1 | 1,294.3 | 1,143.2 | 1,071.9 | 1,054.0 | 1,042.3 | 1,021.0 | 1,006.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | 12.7 | 9.4 | 3.0 | 5.5 | (4.8) | (5.5) | (0.2) | (3.4) | (0.7) | (1.6) | 2.4 | 3.0 | 4.3 |
| Depreciation & Amortization | 19.8 | 20.0 | 20.0 | 19.2 | 17.3 | 16.7 | 14.6 | 14.1 | 13.8 | 13.7 | 14.7 | 15.2 | 15.2 |
| Stock-Based Compensation | 3.3 | 2.8 | 2.4 | 6.3 | 6.7 | 1.2 | 1.4 | 1.3 | 1.4 | 1.1 | 1.2 | 1.5 | 1.5 |
| Change in Working Capital | (10.4) | (5.0) | (18.0) | 25.6 | (14.0) | (4.6) | (5.5) | 5.5 | (1.5) | (1.4) | (13.2) | 4.7 | 7.9 |
| Other Non-Cash Items | (5.6) | (3.1) | 6.8 | (5.0) | 2.6 | 2.4 | 0.0 | 4.0 | 4.1 | 2.5 | 1.2 | 0.5 | 0.8 |
| Operating Cash Flow | 19.7 | 24.2 | 14.4 | 52.1 | 8.0 | 10.6 | 10.6 | 21.7 | 17.3 | 14.4 | 4.5 | 23.4 | 29.4 |
| Investing Activities | |||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | (0.0) | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 20.2 | (26.7) | 0 | 0 | 8.8 | (6.3) | (1.0) | (1.4) | 7.5 | (1.3) | 11.9 |
| Purchases of Investments | (16.3) | 0 | (6.5) | (0.1) | (0.3) | (0.3) | (0.3) | (0.3) | (0.3) | (0.4) | (3.2) | (18.1) | (30.5) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (15.9) | (16.0) | (43.4) | (88.8) | (164.9) | (70.0) | (109.1) | (60.5) | (11.3) | 1.2 | (7.5) | (13.4) | 27.1 |
| Investing Cash Flow | (32.3) | (16.0) | (29.7) | (115.6) | (165.1) | (70.3) | (100.6) | (67.1) | (12.6) | (0.6) | (3.2) | (14.7) | 39.1 |
| Financing Activities | |||||||||||||
| Net Debt Issuance | (1.2) | (60.8) | 47.3 | 100.3 | (486.3) | 88.1 | 104.9 | 71.6 | 14.5 | 7.1 | 30.0 | 14.3 | (40.6) |
| Stock Repurchased | (0.3) | (0.1) | (2.9) | (0.3) | (200) | (0.2) | (12.6) | (8.4) | (8.7) | (4.2) | (7.0) | (7.0) | (4.8) |
| Dividends Paid | (22.3) | (21.8) | (22.2) | (22.2) | (23.2) | (14.2) | (13.8) | (12.1) | (12.0) | (12.0) | (11.9) | (11.6) | (11.9) |
| Other Financing Activities | 37.3 | 59.4 | (1.9) | (3.0) | (262.3) | (3.4) | (2.7) | (2.9) | (2.2) | (11.7) | (3.0) | (2.8) | (2.1) |
| Financing Cash Flow | 13.4 | (23.2) | 20.3 | 74.8 | 159.7 | 70.4 | 75.7 | 48.2 | (8.4) | (20.7) | 8.1 | (7.1) | (59.4) |
| Cash Position | |||||||||||||
| Net Change in Cash | 0.3 | (15.5) | 5.2 | 11.1 | 3.2 | 10.6 | (15.7) | 3.0 | (4.0) | (7.4) | 9.6 | 1.2 | 9.2 |
| Cash at Beginning | 43.9 | 59.4 | 54.2 | 43.1 | 39.9 | 29.3 | 45.0 | 42.0 | 46.1 | 53.4 | 43.8 | 42.6 | 33.4 |
| Cash at End | 44.2 | 43.9 | 59.4 | 54.2 | 43.1 | 39.9 | 29.3 | 45.0 | 42.0 | 46.1 | 53.4 | 43.8 | 42.6 |
| Free Cash Flow | 19.7 | 24.2 | 14.4 | 52.1 | 8.0 | 10.6 | 10.6 | 21.7 | 17.3 | 14.4 | 4.5 | 23.4 | 29.4 |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 79.3 | 78.3 | 1.4 | 1.5 | 66.8 | 0.7 | 60.6 | 60.2 | 59.2 | 57.0 | 57.6 | 58.7 | 59.6 |
| Gross Profit | 8.2 | 4.8 | (11.9) | (11.0) | 39.6 | (21.3) | 40.4 | 39.6 | 39.3 | 37.2 | 39.2 | 39.7 | 41.0 |
| Operating Income | 22.0 | 15.6 | 3.3 | 6.2 | 10.3 | (4.8) | 17.8 | 17.7 | 17.7 | 16 | 17.0 | 18.1 | 18.6 |
| Net Income | 11.2 | 9.6 | 2.8 | 5.2 | (4.6) | (5.0) | (0.3) | (3.1) | (0.7) | (1.5) | 2.0 | 2.5 | 3.5 |
| EPS (Diluted) | 0.20 | 0.17 | 0.05 | 0.09 | -0.15 | -0.05 | -0.04 | -0.07 | -0.04 | -0.05 | -0.01 | -0.01 | 0.00 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 38.2 | 43.9 | 54.2 | 54.2 | 37.7 | 35.2 | 23.1 | 36.7 | 34.7 | 39.2 | 45.1 | 34.2 | 34.1 |
| Total Assets | 2,437.9 | 2,421.4 | 2,432.2 | 2,391.3 | 2,302.7 | 2,114.4 | 2,042.1 | 1,937.2 | 1,877.6 | 1,886.4 | 1,895.6 | 1,891.3 | 1,894.1 |
| Total Debt | 1,119.6 | 1,093.1 | 1,098.2 | 1,041.7 | 950.0 | 1,406.3 | 1,317.4 | 1,179.9 | 1,106.6 | 1,093.2 | 1,087.4 | 1,055.2 | 1,040.6 |
| Stockholders' Equity | 1,156.5 | 1,167.9 | 1,180.4 | 1,202.1 | 1,216.6 | 564.8 | 584.1 | 598.6 | 627.5 | 649.4 | 672.0 | 687.4 | 704.4 |
| Cash Flow | |||||||||||||
| Operating Cash Flow | 19.7 | 24.2 | 14.4 | 52.1 | 8.0 | 10.6 | 10.6 | 21.7 | 17.3 | 14.4 | 4.5 | 23.4 | 29.4 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | (0.0) | 0 | 0 | 0 |
| Free Cash Flow | 19.7 | 24.2 | 14.4 | 52.1 | 8.0 | 10.6 | 10.6 | 21.7 | 17.3 | 14.4 | 4.5 | 23.4 | 29.4 |