SmartStop Self Storage REIT, Inc. (SMA)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue78,446,000$70,429,000$66,816,000$65,449,000$60,644,000$60,157,000$59,163,000$57,042,000$57,562,000$58,705,000$59,590,000$57,135,265$56,417,002$56,453,889$51,788,248$47,983,861$47,009,653$44,938,613$42,251,650$34,564,655$32,893,573$31,363,122$29,469,545$30,298,123$30,076,693$29,588,014$25,980,517$23,883,325$20,187,215$20,313,069$20,045,516$19,866,457$19,752,035$19,939,512$19,076,777$17,707,546$14,939,818$14,457,550$9,799,189$6,234,589$5,356,983$5,053,724$4,488,212$3,006,780$465,345$0$0$0$
QoQ%11.38%5.41%2.09%7.92%.81%1.68%3.72%(.90%)(1.95%)(1.49%)4.30%1.27%(.07%)9.01%7.93%2.07%4.61%6.36%22.24%5.08%4.88%6.43%(2.74%).74%1.65%13.89%8.78%18.31%(.62%)1.34%.90%2.48%(.94%)4.52%7.73%18.53%3.34%47.54%57.18%16.38%6.00%12.60%49.27%546.14%.00%.00%.00%.00%
YoY%29.36%17.08%12.94%14.74%5.35%2.47%(.72%)(.16%)2.03%3.99%15.07%19.07%20.01%25.62%22.57%38.82%42.91%43.29%43.37%14.08%9.37%6.00%13.43%26.86%48.99%45.66%29.61%20.22%4.14%1.87%5.08%12.19%32.21%37.92%94.68%184.02%178.89%186.08%118.33%107.35%1,051.19%.00%.00%.00%.00%.00%.00%
Cost Of Revenue30,445,000$27,560,000$27,196,000$23,464,000$20,416,000$21,158,000$19,852,000$19,888,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$8,199,046$6,590,912$6,416,687$6,275,002$5,946,103$6,129,388$6,456,088$5,965,033$5,937,345$5,058,764$4,813,732$3,607,594$2,496,864$2,174,707$1,808,751$1,580,826$1,190,114$167,434$0$0$0$
Gross Profit48,001,000$42,869,000$39,620,000$41,985,000$40,228,000$38,999,000$39,311,000$37,154,000$57,562,000$58,705,000$59,590,000$57,135,265$56,417,002$56,453,889$51,788,248$47,983,861$47,009,653$44,938,613$42,251,650$34,564,655$32,893,573$31,363,122$29,469,545$30,298,123$30,076,693$29,588,014$25,980,517$15,684,279$13,596,303$13,896,382$13,770,514$13,920,354$13,622,647$13,483,424$13,111,744$11,770,201$9,881,054$9,643,818$6,191,595$3,737,725$3,182,276$3,244,973$2,907,386$1,816,666$297,911$0$0$0$
Gross Margin61.19%60.87%59.30%64.15%66.34%64.83%66.45%65.13%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%65.67%67.35%68.41%68.70%70.07%68.97%67.62%68.73%66.47%66.14%66.70%63.19%59.95%59.40%64.21%64.78%60.42%64.02%
Operating Expenses29,184,000$30,093,000$29,357,000$24,746,000$22,383,000$21,299,000$21,634,000$21,154,000$40,588,000$40,566,000$40,981,000$40,234,390$40,064,379$43,555,146$26,738,200$36,416,275$44,931,381$34,757,454$35,317,342$37,250,644$29,307,135$26,992,137$27,497,027$61,368,274$23,021,237$27,773,486$25,211,611$13,735,157$9,217,637$9,419,749$10,330,711$10,064,013$11,228,894$12,741,689$12,119,984$12,322,338$10,772,137$10,939,371$15,101,125$7,552,062$3,279,898$4,180,444$4,032,320$5,925,633$1,356,884$498,335$866,991$0$
Operating Income18,817,000$12,776,000$10,263,000$17,239,000$17,845,000$17,700,000$17,677,000$16,000,000$16,974,000$18,139,000$18,609,000$16,900,875$16,352,623$12,898,743$25,050,048$11,567,586$2,078,272$10,181,159$6,934,308$(2,685,989$)3,586,438$4,370,985$1,972,518$(31,070,151$)7,055,456$1,814,528$768,906$1,949,122$4,378,666$4,476,633$3,439,803$3,856,341$2,393,753$741,735$991,760$(552,137$)(891,083$)(1,295,553$)(8,909,530$)(3,814,337$)(97,622$)(935,471$)(1,124,934$)(2,918,853$)(891,539$)(498,335$)(866,991$)0$
Operating Margin23.99%18.14%15.36%26.34%29.43%29.42%29.88%28.05%29.49%30.90%31.23%29.58%28.99%22.85%48.37%24.11%4.42%22.66%16.41%(7.77%)10.90%13.94%6.69%(102.55%)23.46%6.13%2.96%8.16%21.69%22.04%17.16%19.41%12.12%3.72%5.20%(3.12%)(5.96%)(8.96%)(90.92%)(61.18%)(1.82%)(18.51%)(25.06%)(97.08%)(191.59%)
Interest Income1,384,000$1,536,000$723,000$725,000$872,000$1,023,000$667,000$684,000$823,000$699,000$
Interest Expenses13,322,000$12,521,000$12,030,000$22,022,000$19,376,000$19,102,000$17,294,000$16,554,000$16,271,000$15,925,000$14,905,000$14,703,897$13,330,974$11,752,656$8,852,586$7,575,784$8,062,969$8,288,215$8,416,349$8,616,071$11,336,104$8,093,476$8,284,429$8,339,303$8,978,507$10,260,936$9,762,302$8,561,502$4,585,233$4,587,573$4,467,403$4,362,065$4,377,133$4,310,132$4,104,996$3,564,304$2,767,043$2,905,979$1,290,001$482,207$781,294$816,265$779,038$531,575$116,920$0$0$0$
Income Before Tax3,332,000$6,163,000$(4,481,000$)(4,850,000$)239,000$(2,988,000$)(358,000$)(1,298,000$)667,000$1,929,000$4,145,000$2,309,820$1,987,137$2,348,757$13,180,089$3,590,587$(10,902,219$)1,335,834$(1,210,838$)(12,303,466$)(1,943,411$)(4,456,497$)(7,062,841$)(37,743,581$)(4,321,670$)(9,541,579$)(2,283,972$)(8,948,317$)(1,159,075$)(457,278$)(1,437,330$)(667,047$)(2,351,155$)(3,875,164$)(3,538,491$)(5,221,480$)(4,524,376$)(6,341,069$)(10,729,510$)(4,508,654$)(1,511,945$)(1,854,575$)(1,990,815$)(3,580,205$)(996,259$)(498,335$)(866,991$)0$
Tax Expenses363,000$615,000$318,000$606,000$391,000$404,000$347,000$342,000$(1,689,000$)(1,050,000$)(134,000$)277,220$(152,758$)102,233$(833,033$)321,128$(3,892,563$)276,592$100,000$0$473$
Net Income2,969,000$5,548,000$(4,799,000$)(5,456,000$)(152,000$)(3,392,000$)(705,000$)(1,640,000$)2,356,000$2,979,000$4,279,000$2,032,600$2,139,895$2,246,524$14,013,122$3,269,459$(7,009,656$)1,059,242$(1,310,838$)(12,303,466$)(1,943,884$)(4,456,497$)(7,062,841$)(37,743,581$)(4,321,670$)(9,541,579$)(2,283,972$)(8,948,317$)(1,159,075$)(457,278$)(1,437,330$)(667,047$)(2,351,155$)(3,875,164$)(3,538,491$)(5,221,480$)(4,524,376$)(6,341,069$)(10,729,510$)(4,508,654$)(1,511,945$)(1,854,575$)(1,990,815$)(3,580,205$)(996,259$)(498,335$)(866,991$)0$
Profit Margin3.79%7.88%(7.18%)(8.34%)(.25%)(5.64%)(1.19%)(2.88%)4.09%5.08%7.18%3.56%3.79%3.98%27.06%6.81%(14.91%)2.36%(3.10%)(35.60%)(5.91%)(14.21%)(23.97%)(124.57%)(14.37%)(32.25%)(8.79%)(37.47%)(5.74%)(2.25%)(7.17%)(3.36%)(11.90%)(19.44%)(18.55%)(29.49%)(30.28%)(43.86%)(109.49%)(72.32%)(28.22%)(36.70%)(44.36%)(119.07%)(214.09%)
TTM(.62%)(1.85%)(5.45%)(3.96%)(2.49%)(1.45%)1.29%3.42%5.00%4.93%4.66%9.21%10.19%6.16%5.91%(2.19%)(11.59%)(9.38%)(14.19%)(20.09%)(41.29%)(44.21%)(49.12%)(46.48%)(22.91%)(22.01%)(14.22%)(14.22%)(4.63%)(6.17%)(10.51%)(13.33%)(19.60%)(23.95%)(29.65%)(47.13%)(57.46%)(64.41%)(70.35%)(46.68%)(49.91%)(64.71%)(88.76%)(171.13%)(507.49%)
Earnings to Minority187,000$321,000$(196,000$)(503,000$)139,000$(314,000$)8,000$(100,000$)319,000$464,000$770,000$340,365$318,990$366,047$1,758,141$403,822$(759,715$)119,678$(546,092$)(1,476,994$)(351,476$)(585,360$)(933,443$)(5,031,652$)(555,920$)(1,326,753$)(71,527$)(56,759$)(381$)(5,854$)(10,274$)(5,844$)(21,640$)(34,389$)(35,830$)(30,366$)(1,680$)(2,713$)(5,381$)(3,450$)(3,450$)(17,744$)(26,800$)(45,130$)(17,201$)(15,732$)(77,854$)0$
Earnings to Common Shareholders2,782,000$5,227,000$(8,362,000$)(8,405,000$)(3,691,000$)(6,220,000$)(3,821,000$)(4,648,000$)(1,114,000$)(636,000$)393,000$(1,389,957$)(1,329,780$)(1,270,207$)9,138,542$(216,555$)(9,400,626$)(2,211,121$)(3,881,184$)(13,908,664$)(4,529,908$)(6,259,114$)(8,491,421$)(35,073,951$)(5,431,504$)(8,214,826$)(2,212,445$)(8,891,558$)(1,158,694$)(451,424$)(1,427,056$)(661,203$)(2,329,515$)(3,840,775$)(3,502,661$)(5,191,114$)(4,522,696$)(6,338,356$)(10,724,129$)(4,505,204$)(2,534,121$)(3,739,454$)(4,037,637$)(4,979,729$)(1,124,645$)(482,603$)(789,137$)0$
QoQ%(46.78%)162.51%.51%(127.72%)40.66%(62.79%)17.79%(317.24%)(75.16%)(261.83%)128.27%(4.53%)(4.69%)(113.90%)4,319.96%97.70%(325.15%)43.03%72.10%(207.04%)27.63%26.29%75.79%(545.75%)33.88%(271.30%)75.12%(667.38%)(156.68%)68.37%(115.83%)71.62%39.35%(9.65%)32.53%(14.78%)28.65%40.90%(138.04%)(77.78%)32.23%7.39%18.92%(342.78%)(133.04%)38.84%.00%.00%
YoY%175.37%184.04%(118.84%)(80.83%)(231.33%)(877.99%)(1,072.27%)(234.40%)16.23%49.93%(95.70%)(541.85%)85.85%42.55%335.46%98.44%(107.52%)64.67%54.29%60.35%16.60%23.81%(283.80%)(294.46%)(368.76%)(1,719.76%)(55.04%)(1,244.76%)50.26%88.25%59.26%87.26%48.49%39.40%67.34%(15.23%)(78.47%)(69.50%)(165.60%)9.53%(125.33%)(674.85%)(411.65%).00%.00%.00%.00%
Earnings Per Share, Basic0.09$(0.15$)(0.35$)(0.26$)(0.16$)(0.19$)(0.01$)0.00$(0.01$)(0.01$)(0.01$)0.10$0.00$(0.03$)(0.05$)(0.82$)(1.36$)(2.26$)(0.83$)(0.77$)(7.90$)0.00$
Earnings Per Share, Diluted0.09$(0.15$)(0.35$)(0.26$)(0.16$)(0.19$)(0.01$)0.00$(0.01$)0.09$0.00$(0.05$)(0.82$)(1.36$)(2.26$)(0.83$)(0.77$)(7.90$)0.00$
Unlevered FCF Per Share, Basic0.94$0.15$0.44$0.90$0.71$0.60$0.24$0.30$0.16$0.19$0.29$0.29$0.18$0.25$0.20$
Unlevered FCF Per Share, Diluted0.94$0.15$0.44$0.90$0.71$0.60$0.24$0.30$0.16$0.27$0.18$0.20$
Average Shares, Basic55,097,96154,419,80124,018,55324,119,24724,193,93224,207,97696,837,58496,815,00696,820,72396,970,00896,786,66988,982,26685,017,74584,411,03083,955,7534,581,1312,968,5002,199,9411,362,322626,56699,904100
Average Shares, Diluted55,345,66354,419,80124,018,55324,119,24724,193,93224,207,97696,837,58497,251,83596,820,72396,786,66985,017,74584,411,0304,581,1312,968,5002,199,9411,362,322626,56699,904100
EBIT16,654,000$18,684,000$7,549,000$17,172,000$19,615,000$16,114,000$16,936,000$15,256,000$16,938,000$17,854,000$19,050,000$17,013,717$15,318,111$14,101,413$22,032,675$11,166,371$(2,839,250$)9,624,049$7,205,511$(3,687,395$)9,392,693$3,636,979$1,221,588$(29,404,278$)4,656,837$719,357$7,478,330$(386,815$)3,426,158$4,130,295$3,030,073$3,695,018$2,025,978$434,968$566,505$(1,657,176$)(1,757,333$)(3,435,090$)(9,439,509$)(4,026,447$)(730,651$)(1,038,310$)(1,211,777$)(3,048,630$)(879,339$)(498,335$)(866,991$)0$
EBITDA36,682,000$37,861,000$24,851,000$33,865,000$34,207,000$30,166,000$30,744,537$28,913,000$31,605,000$33,014,000$34,261,024$32,205,693$30,559,312$32,172,263$38,330,755$26,175,240$11,870,332$24,083,122$21,601,993$6,116,079$19,426,053$13,228,465$12,282,183$(18,017,976$)16,005,047$12,099,593$17,253,172$8,208,569$8,584,941$9,407,852$9,149,378$9,942,064$9,586,541$9,106,396$9,297,499$6,831,912$4,356,451$3,927,733$(4,367,993$)(714,398$)1,396,840$1,870,600$1,199,478$(1,385,888$)(626,659$)(498,335$)(866,991$)0$