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SmartStop Self Storage REIT, Inc. (SMA)



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Upturn Advisory Summary
08/14/2025: SMA (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $38.11
1 Year Target Price $38.11
6 | Strong Buy |
5 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.80B USD | Price to earnings Ratio - | 1Y Target Price 38.11 |
Price to earnings Ratio - | 1Y Target Price 38.11 | ||
Volume (30-day avg) 11 | Beta -0.04 | 52 Weeks Range 29.44 - 37.63 | Updated Date 08/11/2025 |
52 Weeks Range 29.44 - 37.63 | Updated Date 08/11/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.2 |
Earnings Date
Report Date 2025-08-06 | When After Market | Estimate 0.01 | Actual -0.1539 |
Profitability
Profit Margin -2.47% | Operating Margin (TTM) 29.32% |
Management Effectiveness
Return on Assets (TTM) 2.11% | Return on Equity (TTM) -0.9% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3378680097 | Price to Sales(TTM) 7.9 |
Enterprise Value 3378680097 | Price to Sales(TTM) 7.9 | ||
Enterprise Value to Revenue 14.26 | Enterprise Value to EBITDA 27.24 | Shares Outstanding 31050000 | Shares Floating 92021462 |
Shares Outstanding 31050000 | Shares Floating 92021462 | ||
Percent Insiders - | Percent Institutions - |
Upturn AI SWOT
SmartStop Self Storage REIT, Inc.
Company Overview
History and Background
SmartStop Self Storage REIT, Inc. was founded in 2003 and went public on the New York Stock Exchange (NYSE) under the ticker symbol 'SMST' on January 26, 2024. The company focuses on the acquisition, development, and management of self-storage facilities.
Core Business Areas
- Self-Storage Operations: Owns, operates, and manages self-storage facilities across the United States and Canada.
- Third-Party Management: Provides management services for self-storage facilities owned by others.
- Acquisitions and Development: Acquires existing self-storage facilities and develops new facilities to expand its portfolio.
Leadership and Structure
H. Michael Schwartz serves as the Chairman and CEO. The company is structured as a real estate investment trust (REIT), with a board of directors overseeing management.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Offers various sizes of self-storage units for residential and commercial customers. The Self-Storage industry is highly competitive. Competitors for this product include Public Storage, Extra Space Storage, CubeSmart, and Life Storage.
- Moving and Packing Supplies: Sells moving and packing supplies at its facilities to complement its storage services. Competitors for this product include U-Haul and Home Depot.
- Tenant Insurance: Provides tenant insurance options to customers for their stored goods. Competitors for this product include various insurance companies.
Market Dynamics
Industry Overview
The self-storage industry is characterized by steady demand driven by life events (moving, downsizing, etc.) and business storage needs. It is a fragmented market with many local and regional players alongside larger national REITs.
Positioning
SmartStop aims for a premium segment of the self-storage market, focusing on well-located, high-quality facilities with strong customer service. Their competitive advantage lies in brand recognition and operational efficiency.
Total Addressable Market (TAM)
The total addressable market for self-storage in the US is estimated to be over $50 billion annually. SmartStop is positioned to capture a portion of this market through strategic acquisitions, development, and management.
Upturn SWOT Analysis
Strengths
- Strong Brand Recognition
- Experienced Management Team
- Diversified Geographic Footprint
- Focus on High-Quality Facilities
Weaknesses
- Reliance on Acquisitions for Growth
- Sensitivity to Economic Downturns
- Geographic concentration in certain markets.
- Relatively new public company, limited trading history
Opportunities
- Further Expansion through Acquisitions
- Development of New Facilities in Underserved Markets
- Increased Penetration of Existing Markets
- Technological Innovation (e.g., online rentals, smart locks)
Threats
- Increased Competition from Other REITs
- Economic Recession Reducing Demand for Storage
- Rising Interest Rates Increasing Borrowing Costs
- Overbuilding in Certain Markets
Competitors and Market Share
Key Competitors
- Public Storage (PSA)
- Extra Space Storage (EXR)
- CubeSmart (CUBE)
- Life Storage (LSI)
Competitive Landscape
SmartStop operates in a highly competitive market. Public Storage and Extra Space Storage are much larger and more established. CubeSmart and Life Storage represent also key competitors. SmartStop focuses on a differentiated brand and targeted markets.
Major Acquisitions
Strategic Storage Growth Trust II, Inc.
- Year: 2024
- Acquisition Price (USD millions): 2700
- Strategic Rationale: The acquisition of Strategic Storage Growth Trust II, Inc. increased their footprint across the United States.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data requires pre-IPO data and a time series analysis of post-IPO financials. This will be populated in future reports.
Future Projections: Future projections require analyst consensus estimates, which are not broadly available for newly public companies. This will be populated in future reports.
Recent Initiatives: Recent initiatives include the IPO on the NYSE, expansion of the company's portfolio through acquisitions, and continued focus on improving operational efficiency.
Summary
SmartStop Self Storage REIT, Inc. is a newly public company operating in a competitive self-storage market. Its strengths include a strong brand and experienced management. The company's success hinges on its ability to execute its growth strategy through acquisitions and development and manage its operations effectively. Key things to look out for are economic downturns and increased competition within the industry.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Wall Street Journal
- Reuters
- Statista
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance can change. Consult a financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SmartStop Self Storage REIT, Inc.
Exchange NYSE | Headquaters Ladera Ranch, CA, United States | ||
IPO Launch date 2025-04-02 | Founder, Chairman of the Board & CEO Mr. H. Michael Schwartz | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 600 | |
Full time employees 600 |
SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of July 15, 2025, SmartStop has an owned or managed portfolio of 229 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 164,300 units and 18.4 million rentable square feet. SmartStop and its affiliates own or manage 43 operating self-storage properties in Canada, which total approximately 36,400 units and 3.7 million rentable square feet.

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