SmartStop Self Storage REIT (SMA) Income Statement

SmartStop Self Storage REIT reported revenue of $281.14M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 18.6% from $237.01M a year earlier. SmartStop Self Storage REIT posted a net loss of $1.55M, compared with a net loss of $5.62M a year earlier. Gross margin was 61.3% and operating margin 21.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $79.28M, up 18.6% from the same quarter a year earlier.

SmartStop Self Storage REIT Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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SmartStop Self Storage REIT, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	281.14	237.01	232.99	206.33	168.76	124.02
Cost of Revenue	108.67	81.31	74.49	57.41	53.86	46.91
Gross Profit	172.47	155.69	158.50	148.92	114.91	77.11
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	38.21	29.95	27.45	28.25	23.27	16.47
Operating Expenses	111.41	86.06	87.68	83.05	98.40	98.25
Operating Income	61.06	69.64	70.82	65.87	16.51	-21.14
Other Income/Expense
Interest Income	4.37	3.25	3.36	1.84	1.12	0.00
Interest Expense	59.90	72.33	61.81	41.51	33.38	36.05
Other Income/Expense	-5.37	-4.96	-3.32	-44.76	-35.47	-35.89
Income
Income Before Tax	0.16	-4.40	9.05	21.11	-21.38	-57.03
Income Tax Expense	1.90	1.48	-2.60	-0.56	1.81	-5.83
Net Income	-1.55	-5.62	9.75	18.82	-29.40	-44.30
Net Income - Continuous Operations	-1.74	-5.89	11.65	18.82	-16.90	-44.30
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	133.26	124.03	131.09	127.25	89.59	59.27
EBIT	60.06	67.92	70.86	51.64	36.22	17.20
Depreciation & Amortization	73.20	56.11	60.23	64.62	53.37	42.07
Earnings Per Share
Basic EPS	-	-	-	-	-1.00	-1.00
Diluted EPS	-	-	-	-	-1.00	-1.00
Basic Shares Outstanding	47.30	96.56	96.81	91.94	19.86	59.62
Diluted Shares Outstanding	47.30	96.56	96.81	92.06	19.86	59.62

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About SmartStop Self Storage REIT Financial Statements

What was SmartStop Self Storage REIT's revenue in fiscal 2025?

SmartStop Self Storage REIT reported revenue of $281.14M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 18.6% from $237.01M a year earlier.

Is SmartStop Self Storage REIT profitable?

No. SmartStop Self Storage REIT reported a net loss of $1.55M in fiscal 2025. In fiscal 2024 it lost $5.62M.

What is SmartStop Self Storage REIT's operating margin?

SmartStop Self Storage REIT's operating income was $61.06M on revenue of $281.14M in fiscal 2025, an operating margin of 21.7%, compared with 29.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition