SmartStop Self Storage REIT
Owns self-storage facilities and manages storage properties for affiliated and third-party owners.
Something off on this page? Send us feedback.
Profile
Owns and operates self-storage facilities in the United States and Canada, earning mostly month-to-month rent and ancillary revenue. A smaller Managed Platform provides property, asset, construction, and development management for sponsored REITs and third-party owners.
Runs SmartStop Self Storage properties as the core tenant-facing business, with month-to-month storage rentals, tenant protection, and ancillary services. The owned portfolio is concentrated in the United States and Canada, with California, Florida, and the Greater Toronto Area carrying meaningful rental-income exposure.
Adds a Managed Platform that provides property, asset, construction, and development management for sponsored Managed REITs and third-party owners. The Argus transaction expanded the third-party management side, making fee-based services a distinct companion to owned-store operations.
Execution depends on local occupancy, rental rates, acquisition opportunities, and the ability to compete against public REITs, private owners, regional operators, developers, and institutional buyers.
Company facts
Categories
Key statistics
Year to date +7.4% · Average volume (30d) 702.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | BMO Capital | Downgrade | Outperform | Market Perform | $38 | |
| Aug 10, 2026 | Robert W. Baird | Target | $39 | $37 | ||
| Jul 15, 2026 | Raymond James | Target | $39 | |||
| Apr 16, 2026 | Wells Fargo | Reiterate | Equal Weight | $33 | $30 | |
| Mar 26, 2026 | Truist Financial | Target | $38 | $37 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.10 | $0.20 | +92.7% | $62.6M | $62.9M | +0.4% | +1.80% |
| May 6, 2026Q1 FY26 | $0.08 | $0.17 | +103.4% | $61.8M | $61.9M | +0.1% | +4.33% |
| Feb 25, 2026Q4 FY25 | $0.16 | $0.05 | −67.7% | $62.1M | $62.0M | −0.2% | +0.21% |
| Nov 5, 2025Q3 FY25 | $0.52 | $0.09 | −82.7% | $76.0M | $70.4M | −7.3% | −1.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $725.0K | $66.8M | $1.5M | $1.4M | $78.3M | $79.3M | |
| Gross profit | −$21.3M | $39.6M | −$11.0M | −$11.9M | $4.8M | $8.2M | |
| Operating income | −$4.9M | $10.3M | $6.2M | $3.3M | $15.6M | $22.0M | |
| Net income | −$5.0M | −$4.6M | $5.2M | $2.8M | $9.6M | $11.2M | |
| Diluted EPS | −$0.05 | −$0.15 | $0.09 | $0.05 | $0.17 | $0.20 | |
| Gross margin | -2,937.5% | 59.3% | -715.2% | -862.6% | 6.2% | 10.3% | |
| Operating margin | -669.0% | 15.4% | 401.2% | 240.8% | 20.0% | 27.7% |
Fiscal years (4-quarter sums)FY24 $237.0M · FY25 $70.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $38.2M · Total debt $1.12B · Total assets $2.44B · Shareholders' equity $1.16B
Dividends
Last raised to $0.1359 from $0.1315 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 14 | $0.1359 | raised from $0.1315 |
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.1315 | cut from $0.1359 |
| May 29, 2026 | May 29 | Jun 15 | $0.1359 | raised from $0.1315 |
| Apr 30, 2026 | Apr 30 | May 15 | $0.1315 | cut from $0.1359 |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.1359 | raised from $0.1227 |
| Feb 27, 2026 | Feb 27 | Mar 13 | $0.1227 | cut from $0.1359 |
| Jan 30, 2026 | Jan 30 | Feb 13 | $0.1359 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.1359 | raised from $0.1315 |
Ownership
Shares outstanding 55.37M · Float 54.90M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.42M | 9.78% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 5.27M | 9.52% | 13F | Aug 14, 2026 |
| Principal Financial Group Inc | 3.21M | 5.79% | 13F | Aug 4, 2026 |
| Vanguard Portfolio Management LLC | 2.90M | 5.24% | 13F | Aug 13, 2026 |
| Vanguard Capital Management | 2.83M | 5.11% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Nicholas Look | officer: General Counsel and Secretary | −1,025 | $34.36 |
| Aug 17, 2026 | David J. Mueller | director | −425 | $33.70 |
| Jul 16, 2026 | David J. Mueller | director | −425 | $33.38 |
| Jun 16, 2026 | David J. Mueller | director | −425 | $32.44 |
| May 18, 2026 | David J. Mueller | director | −425 | $29.67 |
Peers
- Extra Space Storage
Largest U.S. storage operator with a deep management platform
- Public Storage
Scale leader in owned storage, development, and management
- CubeSmart
Top-three U.S. storage operator with a large managed platform
- U-Haul
Moving-and-storage network with major self-storage scale
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SmartStop Self Storage REIT | $33.04 | +0.03% | $1.83B | 64.6 | 64.0 | 11.4 | −5.9% |
| Extra Space Storage | $143.00 | +0.06% | $30.19B | 32.0 | 30.6 | 8.8 | +3.9% |
| Public Storage | $313.51 | +0.03% | $58.46B | 29.9 | 31.6 | 12.0 | +2.7% |
| CubeSmart | $40.02 | −0.05% | $9.06B | 27.6 | 25.5 | 8.0 | +1.5% |
| U-Haul | $68.59 | +0.01% | $13.41B | 361.0 | 50.4 | 2.2 | +3.2% |
| Median | 30.9 | 31.1 | 8.4 | +2.9% |