Smartstop Self Storage REIT, Inc. (SMA)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
$38.14+4.07%
Close 2026-11-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
QuarterlyIQ Insights · SMA
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-11-04.
The screen ranks SMA against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated strong grew net income 57% of the time over the next year (vs 53% for the rest of the cohort, n=2781).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
“2.0% same-store revenue growth and a 3.8% reduction in same-store operating expenses expanded our operating margin by 190 basis points, our third consecutive quarter of margin improvement.
Stated in 3 of 3 supplied quarters. Management reported: ““2.0% same-store revenue growth and a 3.8% reduction in same-store operating expenses expanded our operating margin by 190 basis points, our third consecutive quarter of margin improvement.” “These results allowed us to raise our full-year same-store NOI guidance for the fourth time this year.””
““2.0% same-store revenue growth and a 3.8% reduction in same-store operating expenses expanded our operating margin by 190 basis points, our third consecutive quarter of margin improvement.”
““Our strong same-store results were driven by our revenue management platform, talented operations and store level teams, growing efficiencies from scale, and effective expense control.”
““SmartStop has multiple levers of organic and external EBITDA growth across all aspects of our business,” continued Mr. Schwartz.”
These transactions align with four of the Deca Initiative’s growth pillars including 1) Disciplined Capital Allocation, 2) Acquisitions Joint Venture, 3) Third-Party Management further enhanced by br…
Stated in 1 of 3 supplied quarters. Management reported: “These transactions align with four of the Deca Initiative’s growth pillars including 1) Disciplined Capital Allocation, 2) Acquisitions Joint Venture, 3) Third-Party Management further enhanced by bridge investment activity and 4) continued clustering across SmartStop's core markets.” ““We are significantly expanding our footprint in Canada, adding high-quality assets on-balance sheet in core U.S. markets, and growing a new programmatic investment relationship with an exceptionally high-quality sponsor, all while funding this growth on a leverage-neutral basis.”
Strategic Asset Management Program SmartStop has initiated a strategic asset management program to pursue the opportunistic disposition of select wholly owned properties located in noncore markets, i…
Stated in 1 of 3 supplied quarters. Management reported: “Strategic Asset Management Program SmartStop has initiated a strategic asset management program to pursue the opportunistic disposition of select wholly owned properties located in noncore markets, initially targeting $75 million to $125 million of property sales beginning in early 2027.” “SmartStop intends to use net proceeds from these dispositions to recycle capital into its core markets, where greater density allows SmartStop to leverage shared on-site staffing, marketing spend, and revenue management across multiple properties.”
– H. Michael Schwartz, Founder, Chairman, & CEO +17.6%(1) FFOa/Share Growth YoY – Sector Leading THE DECA INITIATIVE 1 Disciplined Capital Allocation 2 Operations 3 Technology & AI 4 Third-Party Mana…
Stated in a supplied disclosure. Management reported: “– H. Michael Schwartz, Founder, Chairman, & CEO +17.6%(1) FFOa/Share Growth YoY – Sector Leading THE DECA INITIATIVE 1 Disciplined Capital Allocation 2 Operations 3 Technology & AI 4 Third-Party Management 5 Managed REIT Platform Acquisitions Joint Venture 6 1 +150bps Growth of Same-Store Margins YoY > $46 million Accretive Capital Deployment (1) FFO, as adjusted per share and OP unit is a non-GAAP measure.” “+14% YOY Growth of Recurring Managed REIT Fees +3.7%(2) Same-Store NOI Growth YoY, Q2 2026 The Deca Initiative: Q2 2026 Momentum 1 “Our results and activity this quarter are a perfect reflection of this initiative.””
Update to Full-Year 2026 Guidance In tandem with today's announcement, SmartStop is raising its full-year 2026 guidance for FFO, as adjusted, per share by $0.01, primarily attributable to increased s…
Over the trailing year it converted 11.09x of net income into operating cash flow. Historically, Real Estate names rated robust grew net income 63% of the time over the next year (vs 46% for the rest of the cohort, n=2193).
Most sensitive to the US dollar and long-term interest rates.
Not enough signal to read sensitivity to the broad stock market, Fed net liquidity (low R² over the window).
36 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated volatile grew net income 55% of the time over the next year (vs 55% for the rest of the cohort, n=2851).
Not investment advice. As of 2026-11-04.
““These accomplishments are emblematic of our recently introduced Deca Initiative, the framework that will guide our Company’s growth over the coming years.””
““Additionally, we deployed over $46 million this quarter into accretive on balance sheet acquisitions and bridge capital investments, while also organically reducing our cash flow leverage from the p…”