SmartStop Self Storage REIT, Inc. (SMA) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

SmartStop Self Storage REIT's price-to-book of 1.88 is above the Miscellaneous Investing median of 1.20.

Trading above fair value

The share price of $38.91 is above our fair value estimate of $24.11.

Margin of safety under 20%

The price is 61.4% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 9.8% a year over the last three fiscal years, short of the 10% we look for.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 20.7% over the last twelve months; the Miscellaneous Investing median is 4.6%.

Guidance lowered

SmartStop Self Storage REIT lowered its full year 2026 Tenant Protection Program net revenue outlook on Feb 25, 2026.

Gross margin slipping

Gross margin was 59.8% over the last twelve months, against 62.5% a year earlier.

Return on equity

Needs positive equity and five years of results.

Return on capital under 10%

Return on invested capital was 5.1%, below the 10% that usually covers the cost of capital.

Return on equity below the industry

SmartStop Self Storage REIT's return on equity of 2.8% is below the Miscellaneous Investing median of 3.1%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin against its history

Needs five years of revenue and net income.

Net margin below the industry

SmartStop Self Storage REIT's net margin of 10.3% is below the Miscellaneous Investing median of 10.3%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest not well covered

Operating income covers interest expense 1.4 times; we look for at least 5.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Elevated bankruptcy risk

The Altman Z-score is 1.20; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

SmartStop Self Storage REIT paid dividends worth 3.8% of the share price over the last twelve months.

Yield below Treasuries

The 3.8% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; SmartStop Self Storage REIT yields 3.8%.

Dividend stability

Fewer than five years of dividend history.

Not covered by earnings

Dividends take 272% of net income, leaving little room.

Cash-flow cover

Needs dividends paid and free cash flow.