Added to YB: 2025-05-21
Pitch date: 2025-04-03
SMA [bullish]
SmartStop Self Storage REIT, Inc.
+4.7%
current return
Author Info
No bio for this author
Company Info
SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand.
Market Cap
$1.3B
Pitch Price
$31.27
Price Target
40.00 (+22%)
Dividend
4.48%
EV/EBITDA
23.53
P/E
-148.67
EV/Sales
12.68
Sector
Specialized REITs
Category
value
SmartStop Self Storage REIT, Inc. - $SMA
SMA: Top-performing storage co trading at 7% cap vs peers' mid-5%, offering 20%+ upside. Strong SS performance (+2.4%/+1.0% 4Q24) vs competitors, benefiting from Toronto exposure (15% assets). Margin opportunity as NOI/EBITDA runs 600bps/1,200bps below peers. Risks: high SG&A, external PE management, IPO timing amid industry slowdown.
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