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SMARTSTOP SELF STORAGE REIT (SMA) Stock Fundamental Analysis

NYSE:SMA - New York Stock Exchange, Inc. - US83192D4025 - Common Stock - Currency: USD

36.56  +0.59 (+1.64%)

After market: 36.56 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SMA. SMA was compared to 30 industry peers in the Specialized REITs industry. SMA may be in some trouble as it scores bad on both profitability and health. SMA has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year SMA has reported negative net income.
In the past year SMA had a positive cash flow from operations.
In the past 5 years SMA reported 4 times negative net income.
SMA had a positive operating cash flow in each of the past 5 years.
SMA Yearly Net Income VS EBIT VS OCF VS FCFSMA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M -400M -500M

1.2 Ratios

Looking at the Return On Assets, with a value of -0.84%, SMA is doing worse than 86.67% of the companies in the same industry.
SMA has a worse Return On Equity (-2.71%) than 76.67% of its industry peers.
SMA's Return On Invested Capital of 2.89% is on the low side compared to the rest of the industry. SMA is outperformed by 66.67% of its industry peers.
SMA had an Average Return On Invested Capital over the past 3 years of 2.16%. This is below the industry average of 5.32%.
The last Return On Invested Capital (2.89%) for SMA is above the 3 year average (2.16%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.84%
ROE -2.71%
ROIC 2.89%
ROA(3y)-0.56%
ROA(5y)-1.56%
ROE(3y)-1.49%
ROE(5y)-4.45%
ROIC(3y)2.16%
ROIC(5y)1.66%
SMA Yearly ROA, ROE, ROICSMA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -5 -10

1.3 Margins

Looking at the Operating Margin, with a value of 29.30%, SMA is doing worse than 63.33% of the companies in the same industry.
In the last couple of years the Operating Margin of SMA has grown nicely.
SMA has a Gross Margin (68.33%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SMA has grown nicely.
Industry RankSector Rank
OM 29.3%
PM (TTM) N/A
GM 68.33%
OM growth 3Y21.33%
OM growth 5Y7.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.07%
GM growth 5Y4.65%
SMA Yearly Profit, Operating, Gross MarginsSMA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

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2

2. Health

2.1 Basic Checks

SMA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, SMA has about the same amount of shares outstanding.
SMA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SMA has a worse debt to assets ratio.
SMA Yearly Shares OutstandingSMA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
SMA Yearly Total Debt VS Total AssetsSMA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

SMA has an Altman-Z score of 1.88. This is not the best score and indicates that SMA is in the grey zone with still only limited risk for bankruptcy at the moment.
SMA's Altman-Z score of 1.88 is amongst the best of the industry. SMA outperforms 86.67% of its industry peers.
SMA has a debt to FCF ratio of 490.38. This is a negative value and a sign of low solvency as SMA would need 490.38 years to pay back of all of its debts.
SMA's Debt to FCF ratio of 490.38 is on the low side compared to the rest of the industry. SMA is outperformed by 76.67% of its industry peers.
A Debt/Equity ratio of 1.97 is on the high side and indicates that SMA has dependencies on debt financing.
SMA has a Debt to Equity ratio of 1.97. This is in the lower half of the industry: SMA underperforms 63.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 490.38
Altman-Z 1.88
ROIC/WACC0.36
WACC8.08%
SMA Yearly LT Debt VS Equity VS FCFSMA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M 1B

2.3 Liquidity

SMA has a Current Ratio of 0.57. This is a bad value and indicates that SMA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.57, SMA is in line with its industry, outperforming 43.33% of the companies in the same industry.
SMA has a Quick Ratio of 0.57. This is a bad value and indicates that SMA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SMA (0.57) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.57
SMA Yearly Current Assets VS Current LiabilitesSMA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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3

3. Growth

3.1 Past

SMA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -390.94%.
The Revenue has been growing slightly by 0.90% in the past year.
The Revenue has been growing by 23.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-390.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-774.67%
Revenue 1Y (TTM)0.9%
Revenue growth 3Y23.4%
Revenue growth 5Y23.71%
Sales Q2Q%2.47%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
SMA Yearly Revenue VS EstimatesSMA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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0

4. Valuation

4.1 Price/Earnings Ratio

SMA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SMA Price Earnings VS Forward Price EarningsSMA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SMA is valued more expensive than 90.00% of the companies in the same industry.
76.67% of the companies in the same industry are cheaper than SMA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 1934.29
EV/EBITDA 45.88
SMA Per share dataSMA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 32.95%, SMA is a good candidate for dividend investing.
SMA's Dividend Yield is rather good when compared to the industry average which is at 5.71. SMA pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, SMA pays a better dividend.
Industry RankSector Rank
Dividend Yield 32.95%

5.2 History

SMA is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
SMA Yearly Dividends per shareSMA Yearly Dividends per shareYearly Dividends per share 2025 0 0 0 0 0

5.3 Sustainability

The earnings of SMA are negative and hence is the payout ratio. SMA will probably not be able to sustain this dividend level.
DP-295.08%
EPS Next 2YN/A
EPS Next 3YN/A
SMA Yearly Income VS Free CF VS DividendSMA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M -400M -500M

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SMARTSTOP SELF STORAGE REIT

NYSE:SMA (5/9/2025, 8:22:08 PM)

After market: 36.56 0 (0%)

36.56

+0.59 (+1.64%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners0.91%
Ins Owner Change21.45%
Market Cap4.65B
AnalystsN/A
Price TargetN/A
Short Float %1.02%
Short Ratio0.45
Dividend
Industry RankSector Rank
Dividend Yield 32.95%
Yearly Dividend0.55
Dividend Growth(5Y)N/A
DP-295.08%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-Date05-30 2025-05-30 (0.13589041)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 19.9
P/FCF 1934.29
P/OCF 80.38
P/B 7.78
P/tB 8.84
EV/EBITDA 45.88
EPS(TTM)-0.17
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.02
FCFY0.05%
OCF(TTM)0.45
OCFY1.24%
SpS1.84
BVpS4.7
TBVpS4.14
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.84%
ROE -2.71%
ROCE 3.66%
ROIC 2.89%
ROICexc 2.95%
ROICexgc 3.12%
OM 29.3%
PM (TTM) N/A
GM 68.33%
FCFM 1.03%
ROA(3y)-0.56%
ROA(5y)-1.56%
ROE(3y)-1.49%
ROE(5y)-4.45%
ROIC(3y)2.16%
ROIC(5y)1.66%
ROICexc(3y)2.21%
ROICexc(5y)1.71%
ROICexgc(3y)2.35%
ROICexgc(5y)1.83%
ROCE(3y)2.73%
ROCE(5y)2.1%
ROICexcg growth 3Y28.59%
ROICexcg growth 5Y12.51%
ROICexc growth 3Y29.75%
ROICexc growth 5Y11.8%
OM growth 3Y21.33%
OM growth 5Y7.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.07%
GM growth 5Y4.65%
F-Score3
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 490.38
Debt/EBITDA 9.46
Cap/Depr 98.77%
Cap/Sales 23.72%
Interest Coverage 1.09
Cash Conversion 46.42%
Profit Quality N/A
Current Ratio 0.57
Quick Ratio 0.57
Altman-Z 1.88
F-Score3
WACC8.08%
ROIC/WACC0.36
Cap/Depr(3y)106.66%
Cap/Depr(5y)81.97%
Cap/Sales(3y)32.33%
Cap/Sales(5y)25.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-390.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-774.67%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.9%
Revenue growth 3Y23.4%
Revenue growth 5Y23.71%
Sales Q2Q%2.47%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.4%
EBIT growth 3Y49.72%
EBIT growth 5Y32.56%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y112%
FCF growth 3Y61.16%
FCF growth 5Y23.38%
OCF growth 1Y-32.53%
OCF growth 3Y39.83%
OCF growth 5Y31.86%