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SmartStop Self Storage REIT, Inc. (SMA) Fundamental Analysis & AI Grade 2026

SMA NYSE Real Estate Investment Trusts MD CIK: 0001585389
Updated This Month • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
72% Confidence
N/A
C
72% Conf
Pending
Analysis scheduled

📊 SMA Key Takeaways

Revenue: $78.3M
Net Margin: 12.2%
Free Cash Flow: $24.2M
Current Ratio: N/A
Debt/Equity: 0.94x
EPS: $-0.27
AI Grade: C with 72% confidence
SmartStop Self Storage REIT, Inc. (SMA) receives a C fundamental grade with 72% confidence from our AI analysis based on SEC 10-K filings. With revenue of $78.3M, net profit margin of 12.2%, and return on equity (ROE) of 0.8%, SmartStop Self Storage REIT, Inc. demonstrates mixed fundamentals in the Real Estate sector. Below is our complete SMA stock analysis for 2026.

Is SmartStop Self Storage REIT, Inc. (SMA) a Good Investment?

Claude

SmartStop demonstrates strong revenue growth (+18.6% YoY) with solid cash generation, but profitability has collapsed dramatically (-404.2% YoY) with negative EPS, indicating severe operational distress. The combination of tight interest coverage (1.2x) relative to $1.1B debt, minimal returns on equity (0.8%), and deteriorating earnings creates material refinancing risk despite maintained positive cash flow.

SmartStop Self Storage REIT, Inc. Key Strengths (SMA)

Claude
  • + Strong topline growth at 18.6% YoY demonstrates market demand and occupancy strength
  • + Operating margin of 20.7% reflects reasonable cost control on revenue
  • + Positive free cash flow of $24.2M ($31% FCF margin) maintains operational liquidity
  • + Moderate leverage at 0.94x debt-to-equity is manageable in isolation

SMA Stock Risks: SmartStop Self Storage REIT, Inc. Investment Risks

Claude
  • ! Profitability collapsed -404.2% YoY with negative diluted EPS despite positive net income reporting—indicates severe earnings deterioration and potential accounting headwinds
  • ! Interest coverage ratio of 1.2x is dangerously tight, leaving minimal buffer for revenue decline or cost inflation to service $1.1B debt
  • ! ROE of 0.8% and ROA of 0.4% are unacceptably low, destroying shareholder value relative to equity base of $1.2B
  • ! Low absolute cash position of $38.2M relative to $1.1B long-term debt creates refinancing vulnerability

Key Metrics to Watch

Claude
  • * Operating cash flow trend and EBITDA coverage ratios relative to debt service
  • * Occupancy rates and same-store rental rate growth in the self-storage portfolio
  • * Debt maturity schedule and refinancing rates in rising/falling rate environment
  • * Net income stabilization and return to positive earnings trajectory

SmartStop Self Storage REIT, Inc. (SMA) Financial Metrics & Key Ratios

Revenue
$78.3M
Net Income
$9.6M
EPS (Diluted)
$-0.27
Free Cash Flow
$24.2M
Total Assets
$2.4B
Cash Position
$38.2M

💡 AI Analyst Insight

The 31.0% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

SMA Profit Margin, ROE & Profitability Analysis

Gross Margin 57.3%
Operating Margin 20.7%
Net Margin 12.2%
ROE 0.8%
ROA 0.4%
FCF Margin 31.0%

SMA vs Real Estate Sector: How SmartStop Self Storage REIT, Inc. Compares

How SmartStop Self Storage REIT, Inc. compares to Real Estate sector averages

Net Margin
SMA 12.2%
vs
Sector Avg 20.0%
SMA Sector
ROE
SMA 0.8%
vs
Sector Avg 8.0%
SMA Sector
Current Ratio
SMA 0.0x
vs
Sector Avg 1.5x
SMA Sector
Debt/Equity
SMA 0.9x
vs
Sector Avg 1.5x
SMA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is SmartStop Self Storage REIT, Inc. Stock Overvalued? SMA Valuation Analysis 2026

Based on fundamental analysis, SmartStop Self Storage REIT, Inc. has mixed fundamental signals relative to the Real Estate sector in 2026.

Return on Equity
0.8%
Sector avg: 8%
Net Profit Margin
12.2%
Sector avg: 20%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.94x
Sector avg: 1.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

SmartStop Self Storage REIT, Inc. Balance Sheet: SMA Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.94x
Debt/Assets
47.6%
Interest Coverage
1.24x
Long-term Debt
$1.1B

SMA Revenue & Earnings Growth: 5-Year Financial Trend

SMA 5-year financial data: Year 2021: Revenue $168.8M, Net Income N/A, EPS N/A. Year 2022: Revenue $212.6M, Net Income N/A, EPS $-0.91. Year 2023: Revenue $233.0M, Net Income N/A, EPS $-0.37. Year 2024: Revenue $237.0M, Net Income N/A, EPS $0.07. Year 2025: Revenue $281.1M, Net Income -$2.7M, EPS N/A.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: SmartStop Self Storage REIT, Inc.'s revenue has grown significantly by 67% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.07 reflects profitable operations.

SMA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
31.0%
Free cash flow / Revenue

SMA Quarterly Earnings & Performance

Quarterly financial performance data for SmartStop Self Storage REIT, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $65.4M -$8.4M N/A
Q3 2025 $60.2M $5.2M $0.09
Q2 2025 $59.2M N/A $-0.16
Q1 2025 $57.0M N/A $-0.20
Q3 2024 $58.7M N/A $-0.01
Q2 2024 $59.2M N/A $0.00
Q1 2024 $57.0M N/A $-0.02
Q3 2023 $56.5M N/A $-0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

SmartStop Self Storage REIT, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$24.2M
Cash generated from operations
Dividends Paid
$21.8M
Returned to shareholders

SMA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for SmartStop Self Storage REIT, Inc. (CIK: 0001585389)

📋 Recent SEC Filings

Date Form Document Action
May 19, 2026 4 xslF345X06/primary_doc.xml View →
May 12, 2026 8-K ck0001585389-20260512.htm View →
May 8, 2026 10-Q ck0001585389-20260331.htm View →
May 6, 2026 8-K ck0001585389-20260506.htm View →
May 4, 2026 8-K ck0001585389-20260504.htm View →

Frequently Asked Questions about SMA

What is the AI rating for SMA?

SmartStop Self Storage REIT, Inc. (SMA) has an AI grade of C with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SMA's key strengths?

Claude: Strong topline growth at 18.6% YoY demonstrates market demand and occupancy strength. Operating margin of 20.7% reflects reasonable cost control on revenue.

What are the risks of investing in SMA?

Claude: Profitability collapsed -404.2% YoY with negative diluted EPS despite positive net income reporting—indicates severe earnings deterioration and potential accounting headwinds. Interest coverage ratio of 1.2x is dangerously tight, leaving minimal buffer for revenue decline or cost inflation to service $1.1B debt.

What is SMA's revenue and growth?

SmartStop Self Storage REIT, Inc. reported revenue of $78.3M.

Does SMA pay dividends?

SmartStop Self Storage REIT, Inc. pays dividends, with $21.8M distributed to shareholders in the trailing twelve months.

Where can I find SMA SEC filings?

Official SEC filings for SmartStop Self Storage REIT, Inc. (CIK: 0001585389) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SMA's EPS?

SmartStop Self Storage REIT, Inc. has a diluted EPS of $-0.27.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SMA's fundamental grade?

Based on our AI fundamental analysis in May 2026, SmartStop Self Storage REIT, Inc. has a C grade with 72% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SMA stock overvalued or undervalued?

Valuation metrics for SMA: ROE of 0.8% (sector avg: 8%), net margin of 12.2% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.

What is SMA's AI grade for 2026?

Our dual AI analysis gives SmartStop Self Storage REIT, Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SMA's free cash flow?

SmartStop Self Storage REIT, Inc.'s operating cash flow is $24.2M, with capital expenditures of N/A. FCF margin is 31.0%.

How does SMA compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin 12.2% (avg: 20%), ROE 0.8% (avg: 8%), current ratio N/A (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI