Professional
Added to YB: 2025-08-08
Pitch date: 2025-06-30
SMA [bullish]
SmartStop Self Storage REIT, Inc.
-1.7%
current return
Author Info
No bio for this author
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Company Info
N/A
Market Cap
$1.7B
Pitch Price
$34.25
Price Target
42.00 (+25%)
Dividend
N/A
EV/EBITDA
21.42
P/E
N/A
EV/Sales
N/A
Sector
Specialized REITs
Category
value
Show full summary:
Baron Real Estate Income Fund New Position: SmartStop Self Storage REIT, Inc.
SMA (new position): Self-storage REIT IPO at $30, ~30% discount to $42 NAV. 171 properties across US/Canada. Thesis: 1) Non-cyclical demand, pricing power, low capex 2) Scale advantage vs small operators 3) Growth via Toronto exposure (15% of CF), acquisitions, Canadian dev pipeline 4) Proven CEO owns 5%
Read full article (2 min)