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SMA · SmartStop Self Storage REIT, Inc.

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$39.86 +0.53 (+1.35%) At close · Nov 13
Market Cap
$2.21B
Shares
55.37M
Volume · Nov 13 855.9K Avg daily vol (3M) 853.03K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$39.86 Open$39.58 Day$39.41–40.12 52W close$29.63–39.86 Avg vol 30d963K Short int5.2M · 9.4% of shares · 8.3d Short vol29% Last earningsNov 5, 2026 DataApr 2025–Nov 2026 Filing10-Q · Nov 6

Up next

Feb 25, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 12
Current report 8-K Events of Nov 9
Forward sale covers 9,372,500 common shares

SmartStop Self Storage REIT, Inc. entered forward sale agreements covering 9,372,500 common shares at an initial $35.6125 per share. Settlement may occur on or prior to September 30, 2028, with proceeds intended for pending investments and debt repayment.

Other events Read from the first part of this long document
5 source passages
SmartStop Self Storage REIT, Inc. On November 12, 2026, the Forward Sellers completed the sale to the Underwriters of an aggregate of 9,372,500 shares of Common Stock, all of which the Forward Sellers borrowed from third parties as contemplated by the Forward Sale Agreements. The forward sale price under each Forward Sale Agreement is initially $35.6125 per share. Each Forward Sale Agreement provides for settlement on a settlement date or dates to be specified at the Company’s discretion, subject to certain conditions, on or prior to September 30, 2028. The Operating Partnership intends to use such net proceeds, together with any proceeds from the physical settlement of the forward sale agreements entered into under the Company’s at-the-market offering program, to fund the Company’s pending investments, including its investment in a Canadian joint venture and its pending acquisitions, to repay amounts outstanding under its revolving credit facility and its Canadian term loan, and for general corporate purposes, including potential investments. Open the document at this passage
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Third-quarter self storage revenue rose approximately 6% to $68.2 million

SmartStop Self Storage REIT, Inc. reported self storage revenue of approximately $68.2 million for the three months ended September 30, 2026, up approximately 6% from approximately $64.6 million, primarily due to acquisitions and same-store growth.

Revenue $81.78M ▲ 16.1% Net income $8.99M ▲ 72.0%
Read from the MD&A section
3 source passages
Total self storage related revenues for the three months ended September 30, 2026 and 2025 were approximately $68.2 million and $64.6 million, respectively. The increase in total self storage revenues of approximately $3.6 million, or approximately 6%, was primarily attributable to an increase in non same-store revenues of approximately $2.2 million, largely related to the net increase of nine wholly-owned properties acquired after June 30, 2025, the operating results of which were not included for the full period during the three months ended September 30, 2025. SmartStop Self Storage REIT, Inc., a Maryland corporation (the “Company”), is a self-managed and fully-integrated self storage real estate investment trust (“REIT”), formed on January 8, 2013 under the Maryland General Corporation Law. Open the document at this passage
Nov 5
Earnings call
Adjusted FFO rose as 2026 guidance increased

SmartStop self-storage reported adjusted FFO per share of $0.51, up approximately 9.4% year-over-year, raised 2026 same-store revenue guidance to 1.25% to 1.75%, and expects $200 to $220 million of capital deployment.

4 source passages
for the third quarter of 2026, we posted fully diluted FFOs adjusted per share and unit of $0.51, up approximately 9.4% from $0.47 in the third quarter of 2025. We raised our same store revenue guidance from a range of 0.75% to 1.75% up to a range of 1.25% to 1.75%. We are now expecting capital deployment of $200 to $220 million compared to our prior range of $190 to $210 million. Thank you, operator, and thank you for your time in SmartStop self-storage, the smarter way to store. Open the document at this passage
Nov 4
Current report 8-K
Third-quarter NOI rises 4.9%, adjusted FFO reaches approximately $30.3 million

SmartStop Self Storage REIT, Inc. reported third-quarter net income of approximately $9.0 million, adjusted FFO of approximately $30.3 million and same-store NOI growth of 4.9% for the three months ended September 30, 2026.

Financial results Read from the first part of this long document
4 source passages
SmartStop Self Storage REIT, Inc. (“SmartStop” or “the Company”), a self-managed and fully-integrated self storage company, announced its overall results for the three and nine months ended September 30, 2026. Net income attributable to common stockholders was approximately $9.0 million. FFO, as adjusted (attributable to common stockholders and Operating Partnership (“OP”) unit holders), was approximately $30.3 million, an increase of approximately $2.9 million when compared to the same period in 2025. Same-store revenues increased by 2.0%, same-store property operating expenses decreased by 3.8%, and same-store net operating income (“NOI”) increased by 4.9% compared to the same period in 2025. Open the document at this passage
Nov 3
Current report 8-K
November dividend set at $0.13150685 per share

SmartStop Self Storage REIT, Inc. declared a November 2026 dividend of $0.13150685 per share, reflecting a targeted annualized dividend of $1.60 per share, payable December 15, 2026 to holders of record November 30, 2026.

Other events
2 source passages
On November 2, 2026, the Board of Directors of SmartStop Self Storage REIT, Inc. (the “Company”) declared a dividend for the month of November 2026, which reflects a targeted annualized dividend of $1.60 per share. November 30, 2026 | December 15, 2026 | $0.13150685 Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$317.81M
Trailing 12 months
Net income (TTM)
$32.59M
Trailing 12 months
Revenue growth YoY
+16.1%
Year over year
Operating margin
22.9%
Trailing 12 months
P / AFFO
23.1×
Company-stated · FY2025 · reciprocal yield 4.3%
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Net cash
−$1.11B
Latest balance sheet
Dividend yield
4.0%
Trailing 12 months
Shares change YoY
+129.5%
Year over year · more shares
Price change (1Y)
+22.0%
Trailing year
Short interest
9.4%
Latest settlement · 8.3 days to cover
View all 129 metrics

AI Brief

Q2 FY26 earnings call · Aug 6, 2026
Q2 FY26

TL;DR. SmartStop (SMA) reported Q2 2026 same-store NOI growth of 3.7% and a 150 bps margin expansion, driven by operating leverage and insurance savings, while raising 2026 same-store NOI guidance and FFOa per share guidance. The company deployed over $46 million into acquisitions and bridge investments and reduced cash flow leverage, though same-store occupancy declined 0.6% and GTA Canada is facing tougher comps amid new competitive entry by Public Storage.

Bullish
  • + Same-store operating margins expanded 150 bps year-over-year to 67.3%
  • + Raised 2026 capital deployment guidance to $55–$75 million range
  • + FFOa per share grew 17.6% year-over-year to $0.49; reduced cash flow leverage while deploying capital
Bearish
  • − Same-store occupancy declined 60 bps to 92.5% year-over-year
  • − Asheville occupancy comp averaging down ~230 bps YoY due to natural disaster and eminent domain; expected underperformer through Q3
  • − Public Storage's pending PS Canada acquisition creates a new competitor primarily overlapping SmartStop's GTA portfolio
  • − Canadian GTA same-store revenue declined 1% on constant currency basis with tougher 2025 comps; full-year expected to run modestly below U.S. portfolio
  • − Eminent domain takings of ~80% of Asheville III and ~20% of Asheville IV removed two properties from same-store pool

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Weak Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +21%
above
Price vs 50-day avg +16%
above
RSI (14) 74
overbought
MACD trend Positive
52-week position 100%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +17%
trailing
6-month return +28%
trailing
YTD return +29%
this year
Relative strength +28%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $34 › 200d $33 — 50d above 200d
Institutional flow Accumulating
227 of 263 funds reported for Sep 30 · net +3.0M sh shares · +31 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
9.38% of shares out · ▲ +6.0% MoM · 8.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
263 holders — near 1-yr high, broad support
Squeeze score 82
high risk · 0–100
Fundamentals
Weak
Revenue growth +6%
Y/Y
Gross margin 214%
expanding
EPS growth −500%
Y/Y
Valuation P/E 67.7
rich
Buyback $5.6M
authorized
Balance sheet $1.0B
net debt
Quant / Vol
risk profile
Moderate
Volatility 27%
annualized · 1-yr
Max drawdown −15%
past year
ATR 2.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Nov 5, 2026
Same store revenue · full year 2026 Raised 1.25% – 1.75%
Aug 6, 2026 0.5% – 1.5% changed to Nov 5, 2026 1.25% – 1.75%
NOI growth midpoint · full year 2026 2.25%
Capital deployment · full year 2026 $200M – $220M
FFO as adjusted per share · full year 2026 Non-GAAP Raised $2.01 – $2.05
Aug 6, 2026 $1.98 – $2.04 changed to Nov 5, 2026 $2.01 – $2.05
Previous outlook earlier release · from the 8-K filed Aug 5, 2026

Still-open targets the latest release did not restate under the same label.

Same-store Operating expense (as translated in U.S. dollars) · Full Year 2026 0.25% – 1.25%
Same-store Net operating income (as translated in U.S. dollars) · Full Year 2026 0.65% – 1.65%
FFO, as adjusted per share & OP unit outstanding - diluted · Full Year 2026 $1.98 – $2.04
FFO per share & OP unit outstanding - diluted · Full Year 2026 $1.92 – $1.98

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 2 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+21% Bullish
Price vs 50-day avg
+16% Bullish
RSI (14)
74 Bearish
MACD trend
Positive Bullish
52-week position
100% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $34 › 200d $33 — 50d above 200d
Institutional flow Accumulating
227 of 263 funds reported for Sep 30 · net +3.0M sh shares · +31 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
9.38% of shares out · ▲ +6.0% MoM · 8.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
263 holders — near 1-yr high, broad support
Price context
position in its 52-week range
Range low $30 Now $40 · 100% Range high $40
vs 200-day avg +21% vs 50-day avg +16%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Net operating income (same-store) non-GAAP $37.13M Three Months Ended June 30, 2026 filing —
Net operating income (total) non-GAAP $42.26M Three Months Ended June 30, 2026 filing —
Number of same-store facilities 155 Three Months Ended June 30, 2026 filing —
Annualized rent per occupied square foot (non same-store) $21.15 Six Months Ended June 30, 2026 —
Annualized rent per occupied square foot (same-store, six months) $20.22 Six Months Ended June 30, 2026 —
Annualized rent per occupied square foot (total) $20.34 Six Months Ended June 30, 2026 —
Annualized rent per occupied square foot (total, six months) $20.34 Six Months Ended June 30, 2026 —
Assets under management for the Managed REITs 1B At quarter end (Q2 2026) —
Average physical occupancy (non same-store) 85.1% Six Months Ended June 30, 2026 —
Average physical occupancy (same-store, six months) 92.5% Six Months Ended June 30, 2026 —
Average physical occupancy (total) 91.6% Six Months Ended June 30, 2026 —
Average physical occupancy (total, six months) 91.6% Six Months Ended June 30, 2026 —
FFO (attributable to common stockholders and OP unit holders) non-GAAP 31.6M Three Months Ended June 30, 2026 —
FFO (attributable to common stockholders and OP unit holders) (six months) non-GAAP 60.85M Six Months Ended June 30, 2026 —
FFO, as adjusted (attributable to common stockholders and OP unit holders) non-GAAP 58.1M Six Months Ended June 30, 2026 —
FFO, as adjusted (attributable to common stockholders and OP unit holders) (six months) non-GAAP 58.09M Six Months Ended June 30, 2026 —
FFO, as adjusted per share & OP unit outstanding – diluted non-GAAP $0.49 Three Months Ended June 30, 2026 —
FFO, as adjusted per share & OP unit outstanding – diluted (six months) non-GAAP $0.98 Six Months Ended June 30, 2026 —
FFO, as adjusted per share and OP unit outstanding – diluted non-GAAP $0.98 Six Months Ended June 30, 2026 —
Managed REITs operating properties 52 At quarter end (Q2 2026) —
Managed REITs rentable square feet 4.6M At quarter end (Q2 2026) —
Managed REITs units 43,000 At quarter end (Q2 2026) —
Net operating income (non same-store) non-GAAP $9.67M Six Months Ended June 30, 2026 —
Number of facilities 180 Three Months Ended June 30, 2026 —
Number of facilities (same-store) 155 Three Months Ended June 30, 2026 —
Number of facilities (six months) 180 Six Months Ended June 30, 2026 —
Number of facilities (total) 180 Six Months Ended June 30, 2026 —
Number of non same-store facilities 25 Six Months Ended June 30, 2026 —
Number of non same-store facilities (six months) 25 Six Months Ended June 30, 2026 —
Number of same-store facilities (six months) 155 Six Months Ended June 30, 2026 —
Rentable square feet (non same-store) 1,987,850 Six Months Ended June 30, 2026 —
Rentable square feet (same-store) 12,116,650 Six Months Ended June 30, 2026 —
Rentable square feet (same-store, six months) 12,116,650 Six Months Ended June 30, 2026 —
Rentable square feet (total) 14,104,500 Six Months Ended June 30, 2026 —
Rentable square feet (total, six months) 14,104,500 Six Months Ended June 30, 2026 —
Same-store annualized rent per occupied square foot $20.22 Six Months Ended June 30, 2026 —
Same-store average physical occupancy 92.5% Six Months Ended June 30, 2026 —
Same-store net operating income (NOI) 2.9% Six Months Ended June 30, 2026 —
Same-store operating margins 67.3% Three Months Ended June 30, 2026 —
Same-store property operating expenses 1.4% Six Months Ended June 30, 2026 —
Same-store revenues 1.4% Six Months Ended June 30, 2026 —
Third-party platform managed stores 220 As of the quarter ended June 30, 2026 —
Third-party platform net rentable square feet 15.7M As of the quarter ended June 30, 2026 —
Total net operating income non-GAAP $82.55M Six Months Ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Industrial — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
SMA
SmartStop Self Storage REIT, Inc.
this stock
$2.21B +28.8% +5.7% 67.7 9.4%
PLD
Prologis, Inc.
$119.96B +0.8% +7.2% 28.4 1.8%
PSA
Public Storage
$62.14B +28.2% +2.7% 34.9 3.8%
EXR
Extra Space Storage Inc.
$33.08B +21.7% +3.7% 32.3 2.3%
EGP
Eastgroup Properties Inc
$10.63B +10.9% +12.7% 33.5 8.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
279
% held
98.3%
Reported
227 of 263
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
205
View
Short & Settlement
Short Interest Rising
Shares short
5.2M
Days to cover
8.3d
Change
+295.4K sh
View
Short Volume
Short vol %
29%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
69
Value
$2.3K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
39.9%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Sell
Member
Kevin Hern
Amount
$500.0K–$1.0M
Traded
Mar 18, 2026
View
Financials
Financials
Revenue (FY)
$281.1M
Net income (FY)
$-8.8M
EPS diluted
$-0.78
View
Buybacks
Authorized · 2 programs
$5.6M
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 12, 2026
This year
36

SmartStop Self Storage REIT, Inc. entered forward sale agreements covering 9,372,500 common shares at an initial $35.6125 per share. Settlement may occur on or prior to September 30, 2028, with proceeds intended for pending investments and debt repayment.

View
Proposed Sales
Value
$14.4K
Shares
425
Filed
Oct 16, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
SmartStop Self Storage REIT Annou…
Published
Nov 10, 2026
View

Performance

5D 20D 120D MTD YTD
SMA +2.4% +16.7% +28.5% +9.1% +28.8%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -0.2% +17.9% +28.0% +9.3% +18.2%

Capital returns

Latest dividend
$0.136 / share · ex Oct 30, 2026
Declared · upcoming
$0.1315 / share · ex Nov 30, 2026
Raised 3%
Paid (TTM)
$1.603 / share · 12 payouts
Dividend yield (TTM, derived)
4.02%
Full dividend history
Buyback programs · 2 active · as of Dec 31, 2021
Authorized (total)
$5.60M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1585389 CUSIP 83192D402 13F (30d) 200 filings 192 filers Visit website Investor relations