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SMARTSTOP SELF STORAGE REIT (SMA) Stock Fundamental Analysis

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

36.58  -0.69 (-1.85%)

After market: 36.58 0 (0%)

Fundamental Rating

3

Overall SMA gets a fundamental rating of 3 out of 10. We evaluated SMA against 30 industry peers in the Specialized REITs industry. SMA may be in some trouble as it scores bad on both profitability and health. SMA is quite expensive at the moment. It does show a decent growth rate.


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.
SMA had negative earnings in 4 of the past 5 years.
Each year in the past 5 years SMA had a positive operating cash flow.
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.
Looking at the Return On Equity, with a value of -2.71%, SMA is doing worse than 76.67% of the companies in the same industry.
With a Return On Invested Capital value of 2.89%, SMA is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for SMA is below the industry average of 5.28%.
The 3 year average ROIC (2.16%) for SMA is below the current ROIC(2.89%), indicating increased profibility in the last year.
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

The Operating Margin of SMA (29.30%) is worse than 63.33% of its industry peers.
SMA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 68.33%, SMA is in line with its industry, outperforming 43.33% of the companies in the same 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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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SMA is destroying value.
Compared to 1 year ago, SMA has about the same amount of shares outstanding.
Compared to 5 years ago, SMA has more shares outstanding
The debt/assets ratio for SMA is higher compared to a year ago.
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

Based on the Altman-Z score of 0.83, we must say that SMA is in the distress zone and has some risk of bankruptcy.
SMA has a Altman-Z score (0.83) which is comparable to the rest of the industry.
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.
SMA has a Debt/Equity ratio of 1.97. This is a high value indicating a heavy dependency on external 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 0.83
ROIC/WACC0.37
WACC7.85%
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

A Current Ratio of 0.57 indicates that SMA may have some problems paying its short term obligations.
With a Current ratio value of 0.57, SMA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
A Quick Ratio of 0.57 indicates that SMA may have some problems paying its short term obligations.
SMA has a Quick ratio of 0.57. This is comparable to the rest of the industry: SMA outperforms 50.00% of its industry peers.
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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5

3. Growth

3.1 Past

The earnings per share for SMA have decreased strongly by -390.94% in the last year.
SMA shows a small growth in Revenue. In the last year, the Revenue has grown by 0.90%.
Measured over the past years, SMA shows a very strong growth in Revenue. The Revenue has been growing by 23.71% on average per year.
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

Based on estimates for the next years, SMA will show a very strong growth in Earnings Per Share. The EPS will grow by 60.46% on average per year.
The Revenue is expected to grow by 10.37% on average over the next years. This is quite good.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5Y60.46%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5Y10.37%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SMA Yearly Revenue VS EstimatesSMA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2028 2029 2030 100M 200M 300M 400M
SMA Yearly EPS VS EstimatesSMA Yearly EPS VS EstimatesYearly EPS VS Estimates 2028 2029 2030 0.1 0.2 0.3 0.4

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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 83.33% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMA indicates a slightly more expensive valuation: SMA is more expensive than 76.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 936.35
EV/EBITDA 27.23
SMA Per share dataSMA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

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.
Compared to an average industry Dividend Yield of 5.62, SMA pays a better dividend. On top of this SMA pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, 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 Years0
Div Non Decr Years0
SMA Yearly Dividends per shareSMA Yearly Dividends per shareYearly Dividends per share 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

SMA has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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 (6/11/2025, 8:19:09 PM)

After market: 36.58 0 (0%)

36.58

-0.69 (-1.85%)

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 Cap2.25B
Analysts84
Price TargetN/A
Short Float %6.33%
Short Ratio3.3
Dividend
Industry RankSector Rank
Dividend Yield 32.95%
Yearly Dividend0.55
Dividend Growth(5Y)N/A
DP-295.08%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-30 2025-06-30 (0.13150685)
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 9.63
P/FCF 936.35
P/OCF 38.91
P/B 3.76
P/tB 4.28
EV/EBITDA 27.23
EPS(TTM)-0.17
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.04
FCFY0.11%
OCF(TTM)0.94
OCFY2.57%
SpS3.8
BVpS9.72
TBVpS8.55
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 0.83
F-Score3
WACC7.85%
ROIC/WACC0.37
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 5Y60.46%
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 5Y10.37%
EBIT growth 1Y-2.4%
EBIT growth 3Y49.72%
EBIT growth 5Y32.56%
EBIT Next YearN/A
EBIT Next 3Y39.65%
EBIT Next 5Y18.22%
FCF growth 1Y112%
FCF growth 3Y61.16%
FCF growth 5Y23.38%
OCF growth 1Y-32.53%
OCF growth 3Y39.83%
OCF growth 5Y31.86%