SmartStop Self Storage REIT (SMA)
Owns self-storage facilities and manages storage properties for affiliated and third-party owners.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $30 | Target: $35 |
| Aug 27, 2026 | BMO Capital | Downgrade | Target: — | Target: $38 |
| Aug 10, 2026 | Robert W. Baird | Target | Target: $39 | Target: $37 |
| Jul 15, 2026 | Raymond James | Target | Target: — | Target: $39 |
| Apr 16, 2026 | Wells Fargo | Reiterate | Rating: —Target: $33 | Target: $30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $38.2M · Total debt $1.12B · Total assets $2.44B · Shareholders' equity $1.16B
- Revenue
- $79.3M
- Operating income
- $22.0M
- Net income
- $11.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 94.45% | 52.29M shares | |
|---|---|---|---|
| 263 holders · as of Jun 30, 2026 | |||
| Insiders | 0.12% | 65.0K shares | |
| 9 holders · as of Sep 17, 2026 | |||
| Other | 5.43% | 3.01M shares | |
| remainder | |||
55.37M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Associates, Inc.Institution | 10.67% | 5.91M | filed Feb 6, 2026 |
BlackRock, Inc.Institution | 9.78% | 5.42M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 9.52% | 5.27M | as of Jun 30, 2026 |
Principal Financial Group IncInstitution | 5.79% | 3.21M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.24% | 2.90M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | David J. Mueller | director | −425 | $32.05 |
| 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 |
- Extra Space Storage
Largest U.S. storage operator with a deep management platform
- Public Storage
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- CubeSmart
Top-three U.S. storage operator with a large managed platform
- U-Haul
Moving-and-storage network with major self-storage scale
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SmartStop Self Storage REIT | $32.78 | +0.37% | $1.81B | 63.9 | 64.7 | 11.3 | +8.1% |
| Extra Space Storage | $137.64 | +0.13% | $29.04B | 30.8 | 29.5 | 8.5 | +3.9% |
| Public Storage | $295.93 | −0.25% | $55.32B | 28.3 | 29.9 | 11.3 | +2.7% |
| CubeSmart | $39.45 | −0.69% | $8.99B | 27.4 | 25.2 | 7.9 | +1.5% |
| U-Haul | $63.07 | −0.57% | $12.40B | 333.8 | 45.9 | 2.0 | +3.2% |
| Median | 29.5 | 29.7 | 8.2 | +2.9% |