Smartstop Self Storage REIT Inc SMA
SmartStop Self Storage REIT, Inc. (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 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, and through its Managed Platform offers third party management services in the U.S. and Canada. As of May 6, 2026, SmartStop has an owned or managed portfolio of nearly 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 50 operating self-storage properties across four provinces in Canada, which total approximately 43,400 units and 4.3 million rentable square feet.
Snapshot
Reported FFO / FFO, as adjusted / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $281.14M | $-1.55M | $73.20M | $133.26M | $84.97M |
| 2024 | $237.01M | $-5.62M | $56.11M | $124.03M | $64.03M |
| 2023 | $232.99M | $9.75M | $60.23M | $131.09M | $73.19M |
| 2022 | $206.32M | $18.82M | $64.62M | $127.25M | $87.91M |
| 2021 | $168.76M | $-16.90M | $53.37M | $65.38M | $58.76M |
| 2020 | $124.02M | $-44.30M | $42.07M | $21.09M | $26.77M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-05-29 | $0.13 | Monthly |
| 2026-05-29 | 2026-05-29 | 2026-06-15 | 2026-05-01 | $0.14 | Monthly |
| 2026-04-30 | 2026-04-30 | 2026-05-15 | 2026-03-27 | $0.13 | Monthly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-02-24 | $0.14 | Monthly |
| 2026-02-27 | 2026-02-27 | 2026-03-13 | 2026-01-30 | $0.12 | Monthly |
| 2026-01-30 | 2026-01-30 | 2026-02-13 | 2025-12-22 | $0.14 | Monthly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-11-20 | $0.14 | Monthly |
| 2025-11-28 | 2025-11-28 | 2025-12-15 | 2025-10-29 | $0.13 | Monthly |
| 2025-10-31 | 2025-10-31 | 2025-11-14 | 2025-09-26 | $0.14 | Monthly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-08-28 | $0.13 | Monthly |
| 2025-08-29 | 2025-08-29 | 2025-09-03 | 2025-07-31 | $0.14 | Monthly |
| 2025-07-31 | 2025-07-31 | 2025-08-15 | 2025-06-27 | $0.14 | Monthly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-05-30 | $0.13 | Monthly |
| 2025-05-30 | 2025-05-30 | 2025-06-13 | 2025-04-29 | $0.14 | Monthly |
| 2025-04-30 | 2025-04-30 | 2025-05-15 | 2025-04-10 | $0.13 | Monthly |
Coverage (payout of operating cash flow): 87.84%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.