SmartStop Self Storage REIT Financial Statements
NYSE: SMAReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SmartStop Self Storage REIT revenue and earnings
In fiscal 2025, SmartStop Self Storage REIT generated $281.1 million in revenue, up 18.6% from fiscal 2024, its 12th consecutive year of revenue growth. SmartStop Self Storage REIT reported a net loss of $8.8 million, compared with a loss of $18.4 million a year earlier. Gross margin was 61.3% (down from 65.7%) and operating margin 21.0%.
Over the last 5 fiscal years, SMA's revenue has grown at a 17.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
SmartStop Self Storage REIT income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 281.14M | 237.01M | 232.99M | 212.64M | 168.76M | 124.02M | 109.53M | 80.41M | 76.11M | 45.43M |
| Revenue growth (YoY) | +18.62% | +1.72% | +9.57% | +26.00% | +36.07% | +13.23% | +36.21% | +5.65% | +67.53% | +153.72% |
| Cost of Revenue | — | — | — | — | — | — | — | 25.23M | 24.49M | 15.98M |
| Gross Profit | 172.47M | 155.69M | 158.50M | 147.09M | — | — | — | 55.18M | 51.62M | 29.45M |
| Operating Expenses | 113.38M | 86.47M | 87.88M | 81.22M | — | — | — | 39.03M | 48.05M | 44.36M |
| Operating Income | 59.10M | 69.22M | 70.63M | 65.87M | 16.51M | -21.14M | 11.59M | 16.15M | 3.58M | -14.91M |
| Interest Expense | 59.90M | 72.33M | 61.80M | 41.51M | 33.38M | 36.05M | 37.56M | 18.00M | 16.36M | 7.45M |
| Other Income (Expense) | -21.00K | -1.28M | -231.00K | -998.00K | -937.63K | 160.46K | -624.96K | -701.20K | -367.38K | -286.44K |
| Pretax Income | 164.00K | -4.40M | 9.05M | 21.11M | -21.38M | — | — | — | — | — |
| Income Tax | 1.90M | 1.48M | -2.60M | -555.00K | -1.81M | -5.83M | — | — | — | — |
| Net Income | -8.76M | -18.38M | -2.75M | 21.67M | -19.56M | -51.21M | -25.10M | -3.72M | -14.99M | -26.10M |
| Net Income growth (YoY) | — | — | -112.67% | — | — | — | — | — | — | — |
| EPS (Basic) | — | -0.20 | -0.03 | 0.07 | -0.37 | -0.91 | — | — | — | — |
| EPS (Diluted) | — | -0.20 | -0.03 | 0.07 | -0.37 | -0.91 | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | 91.94M | 79.44M | 59.62M | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | 92.06M | 79.44M | 59.62M | — | — | — | — |
| EBITDA | 132.30M | 125.33M | 130.85M | 130.49M | 69.88M | 20.93M | 52.69M | 38.95M | 37.03M | 7.17M |
| Gross Margin | 61.35% | 65.69% | 68.03% | 69.17% | — | — | — | 68.63% | 67.83% | 64.83% |
| Operating Margin | 21.02% | 29.21% | 30.31% | 30.98% | 9.78% | -17.05% | 10.58% | 20.09% | 4.70% | -32.82% |
| Net Margin | -3.12% | -7.75% | -118.00% | 10.19% | -11.59% | -41.29% | -22.91% | -4.63% | -19.69% | -57.46% |
This table shows 10 annual periods of SmartStop Self Storage REIT's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SMA's reporting calendar. What is a income statement?