Professional
Added to YB: 2025-08-08
Pitch date: 2025-06-30
SMA [bullish]
SmartStop Self Storage REIT, Inc.
-7.16%
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
$35.26
Price Target
42.00 (+28%)
Dividend
4.48%
EV/EBITDA
23.53
P/E
-148.67
EV/Sales
12.68
Sector
Specialized REITs
Category
value
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)