InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

SmartStop Self Storage REIT, Inc.

SMA Clue Score48
United States Fiscal year ends December CIK 0001585389
$32.83 +0.37% Close, 9 Oct 2026
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Price $32.83 −7.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 2 Apr 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue45.2Operating income−14.9Net income−26.1Fiscal year 2017Revenue76.1 +68.5%Operating income3.6Net income−15.0Fiscal year 2018Revenue80.4 +5.7%Operating income16.2Net income−3.7Fiscal year 2019Revenue109.5 +36.2%Operating income11.6Net income−25.1Fiscal year 2020Revenue124.0 +13.2%Operating income−21.1Net income−51.2EPS, diluted−0.91Fiscal year 2021Revenue168.8 +36.1%Operating income16.5EPS, diluted−0.37Fiscal year 2022Revenue212.6 +26.0%Operating income65.9EPS, diluted0.07Fiscal year 2023Revenue233.0 +9.6%Operating income70.6Net income−2.7EPS, diluted−0.03 −142.9%Fiscal year 2024Revenue237.0 +1.7%Operating income69.2Net income−18.4EPS, diluted−0.20Fiscal year 2025Revenue281.1 +18.6%Operating income59.1Net income−8.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 45.2 76.1 80.4 109.5 124.0 168.8 212.6 233.0 237.0 281.1
Growth +68.5% +5.7% +36.2% +13.2% +36.1% +26.0% +9.6% +1.7% +18.6%
Operating income −14.9 3.6 16.2 11.6 −21.1 16.5 65.9 70.6 69.2 59.1
Net income −26.1 −15.0 −3.7 −25.1 −51.2 n/a n/a −2.7 −18.4 −8.8
Growth
EPS, diluted n/a n/a n/a n/a −0.91 −0.37 0.07 −0.03 −0.20 n/a
Growth −142.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−33.0%Net margin−57.8%Fiscal year 2017Operating margin4.7%Net margin−19.7%Fiscal year 2018Operating margin20.1%Net margin−4.6%Fiscal year 2019Operating margin10.6%Net margin−22.9%Fiscal year 2020Operating margin−17.0%Net margin−41.3%Fiscal year 2021Operating margin9.8%Fiscal year 2022Gross margin69.2%Operating margin31.0%Fiscal year 2023Gross margin68.0%Operating margin30.3%Net margin−1.2%Fiscal year 2024Gross margin65.7%Operating margin29.2%Net margin−7.8%Fiscal year 2025Gross margin61.3%Operating margin21.0%Net margin−3.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a 69.2% 68.0% 65.7% 61.3%
Operating margin −33.0% 4.7% 20.1% 10.6% −17.0% 9.8% 31.0% 30.3% 29.2% 21.0%
Net margin −57.8% −19.7% −4.6% −22.9% −41.3% n/a n/a −1.2% −7.8% −3.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−0.9Dividends paid−11.4Fiscal year 2017Operating cash flow19.9Dividends paid−16.7Fiscal year 2018Operating cash flow18.4Dividends paid−17.6Fiscal year 2019Operating cash flow9.8Dividends paid−18.2Fiscal year 2020Operating cash flow26.8Dividends paid−19.2Fiscal year 2021Operating cash flow58.8Dividends paid−26.2Fiscal year 2022Operating cash flow87.9Dividends paid−49.4Fiscal year 2023Operating cash flow73.2Dividends paid−40.6Fiscal year 2024Operating cash flow64.0Dividends paid−37.4Fiscal year 2025Operating cash flow85.0Dividends paid−74.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.9 19.9 18.4 9.8 26.8 58.8 87.9 73.2 64.0 85.0
Dividends paid −11.4 −16.7 −17.6 −18.2 −19.2 −26.2 −49.4 −40.6 −37.4 −74.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash15.0Total debt320.8Net cash (debt)−305.8Shareholders’ equity410.7Debt to equity0.78Fiscal year 2017Cash7.4Shareholders’ equity378.5Fiscal year 2018Cash10.3Shareholders’ equity345.3Fiscal year 2019Cash62.3Shareholders’ equity273.8Fiscal year 2020Cash72.7Shareholders’ equity183.2Fiscal year 2021Cash37.3Shareholders’ equity342.7Fiscal year 2022Cash39.5Shareholders’ equity467.4Fiscal year 2023Cash45.1Shareholders’ equity404.3Fiscal year 2024Cash23.1Shareholders’ equity325.7Fiscal year 2025Cash54.2Shareholders’ equity1,180.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 15.0 7.4 10.3 62.3 72.7 37.3 39.5 45.1 23.1 54.2
Total debt 320.8 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) −305.8 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 410.7 378.5 345.3 273.8 183.2 342.7 467.4 404.3 325.7 1,180.4
Debt to equity 0.78 n/a n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
45.2 76.1 80.4 109.5 124.0 168.8 212.6 233.0 237.0 281.1
Growth +68.5% +5.7% +36.2% +13.2% +36.1% +26.0% +9.6% +1.7% +18.6%
16.0 24.5 25.2 n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a 147.1 158.5 155.7 172.5
Growth +7.8% −1.8% +10.8%
2.9 3.5 4.8 10.5 16.5 23.3 28.3 27.5 29.9 38.2
−14.9 3.6 16.2 11.6 −21.1 16.5 65.9 70.6 69.2 59.1
Growth +351.8% −28.3% −282.4% +299.0% +7.2% −2.0% −14.6%
n/a n/a n/a n/a n/a −21.4 21.1 9.1 −4.4 0.2
n/a n/a n/a n/a −5.8 −1.8 −0.6 −2.6 1.5 1.9
−26.1 −15.0 −3.7 −25.1 −51.2 n/a n/a −2.7 −18.4 −8.8
Growth
Per share
n/a n/a n/a n/a −0.91 −0.37 0.07 −0.03 −0.20 n/a
n/a n/a n/a n/a −0.91 −0.37 0.07 −0.03 −0.20 n/a
Growth −142.9%
n/a n/a n/a n/a 59.6 79.4 91.9 n/a n/a n/a
n/a n/a n/a n/a 59.6 79.4 92.1 n/a n/a n/a
Growth +33.2% +15.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 17.8% a year over five years.
  • Operating margin is up 38.1 points on five years ago, at 21.0%.
  • A net loss in 8 of 8 years on file.