SmartStop Self Storage REIT, Inc. (SMA) stock
SMANYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 2/3068% above fair value
$39.86+0.53 (+1.35%)
Close on Nov 13, 2026Market cap $2.21BP/E –Yield –
SmartStop Self Storage REIT operating margin
Operating margin is operating income as a percentage of revenue.
SmartStop Self Storage REIT's operating margin for the twelve months ending Sep 30, 2026 was 22.9%. For fiscal 2025 it was 21.0%, against 29.2% the year before. The highest annual figure on record is 31.0% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 21.0% | −8.2 |
| FY2024 | Dec 31, 2024 | 29.2% | −1.1 |
| FY2023 | Dec 31, 2023 | 30.3% | −0.7 |
| FY2022 | Dec 31, 2022 | 31.0% | +21.2 |
| FY2021 | Dec 31, 2021 | 9.8% | +26.8 |
| FY2020 | Dec 31, 2020 | -17.0% | −27.6 |
| FY2019 | Dec 31, 2019 | 10.6% | −9.5 |
| FY2018 | Dec 31, 2018 | 20.1% | +15.4 |
| FY2017 | Dec 31, 2017 | 4.7% | +37.5 |
| FY2016 | Dec 31, 2016 | -32.8% | −4.5 |
| FY2015 | Dec 31, 2015 | -28.4% | +456.6 |
| FY2014 | Dec 31, 2014 | -485.0% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 24.4% | +6.3 |
| Q2 FY2026 | Jun 30, 2026 | 22.5% | +7.2 |
| Q1 FY2026 | Mar 31, 2026 | 20.7% | −5.6 |
| Q4 FY2025 | Dec 31, 2025 | 24.0% | −5.4 |
| Q3 FY2025 | Sep 30, 2025 | 18.1% | −11.3 |
| Q2 FY2025 | Jun 30, 2025 | 15.4% | −14.5 |
| Q1 FY2025 | Mar 31, 2025 | 26.3% | −1.7 |
| Q4 FY2024 | Dec 31, 2024 | 29.4% | −0.1 |
| Q3 FY2024 | Sep 30, 2024 | 29.4% | −1.5 |
| Q2 FY2024 | Jun 30, 2024 | 29.9% | −1.3 |
| Q1 FY2024 | Mar 31, 2024 | 28.0% | −1.5 |
| Q4 FY2023 | Dec 31, 2023 | 29.5% | +0.5 |
| Q3 FY2023 | Sep 30, 2023 | 30.9% | +8.1 |
| Q2 FY2023 | Jun 30, 2023 | 31.2% | −17.1 |
| Q1 FY2023 | Mar 31, 2023 | 29.6% | +5.5 |
| Q4 FY2022 | Dec 31, 2022 | 29.0% | +24.6 |
| Q3 FY2022 | Sep 30, 2022 | 22.8% | +0.2 |
| Q2 FY2022 | Jun 30, 2022 | 48.4% | +32.0 |
| Q1 FY2022 | Mar 31, 2022 | 24.1% | +31.9 |
| Q4 FY2021 | Dec 31, 2021 | 4.4% | −6.5 |
| Q3 FY2021 | Sep 30, 2021 | 22.7% | +8.7 |
| Q2 FY2021 | Jun 30, 2021 | 16.4% | +9.7 |
| Q1 FY2021 | Mar 31, 2021 | -7.8% | +94.8 |
| Q4 FY2020 | Dec 31, 2020 | 10.9% | −12.6 |
| Q3 FY2020 | Sep 30, 2020 | 13.9% | +7.8 |
| Q2 FY2020 | Jun 30, 2020 | 6.7% | +3.7 |
| Q1 FY2020 | Mar 31, 2020 | -102.5% | −110.7 |
| Q4 FY2019 | Dec 31, 2019 | 23.5% | +1.8 |
| Q3 FY2019 | Sep 30, 2019 | 6.1% | −15.9 |
| Q2 FY2019 | Jun 30, 2019 | 3.0% | −14.2 |
| Q1 FY2019 | Mar 31, 2019 | 8.2% | −11.3 |
| Q4 FY2018 | Dec 31, 2018 | 21.7% | +9.3 |
| Q3 FY2018 | Sep 30, 2018 | 22.0% | +18.3 |
| Q2 FY2018 | Jun 30, 2018 | 17.2% | +12.0 |
| Q1 FY2018 | Mar 31, 2018 | 19.4% | +22.5 |
| Q4 FY2017 | Dec 31, 2017 | 12.3% | +18.3 |
| Q3 FY2017 | Sep 30, 2017 | 3.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 5.2% | – |
| Q1 FY2017 | Mar 31, 2017 | -3.1% | – |
| Q4 FY2016 | Dec 31, 2016 | -6.0% | – |
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