SmartStop Self Storage REIT Inc. Common Stock (SMA)

FairStock Score: 69/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: SmartStop owns and manages self-storage properties in the U.S. and Canada, a simple, recurring-need business with a 475-property owned/managed portfolio and a third-party management platform. The filings show progress: in fiscal Q2 2026, quarter ended 2026-06-30, revenue was $79.3M and net income $11.2M; fiscal Q1 2026, quarter ended 2026-03-31, revenue was $78.3M and net income $9.6M. For fiscal 2025, year ended 2025-12-31, revenue was $281.1M versus $237.0M in fiscal 2024, yet net income was still a loss of $8.8M after a $18.4M loss in fiscal 2024 and a $2.7M loss in fiscal 2023. FairStock labels it TURNAROUND — Loss in latest year after earlier profits. That fits. Financial health is mixed: FairStock Piotroski 8/9 is strong, FCF $110.3M and FCF yield 6.0% are attractive, dividend yield 4.91%, but D/E 0.89, FairStock Altman Z 0.59, ROE 2.40%, ROCE 1.69% show leverage and weak returns. At the 2026-10-13 close of $32.99, FairStock ratios show P/E 54.98, P/B 1.58, EV/EBITDA 17.75. REITs should be judged on FFO/AFFO, which we are not given; P/B and dividend yield suggest a fair-to-full price rather than obvious bargain. I need more quarters of profit and lower debt before calling this a high-quality compounder. The turnaround is real but not yet proven.

In plain English: SmartStop owns and manages self-storage properties in the U.S. and Canada. The business is improving in recent quarters, but it has a mixed profit record and carries meaningful debt. At $32.99, the price looks full compared with yearly profit and a little high compared with the value of its assets, though the dividend yield near 5% adds some support.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer