SmartStop Self Storage REIT, Inc.
At today's price, SmartStop Self Storage REIT, Inc. (SMA) is priced for +11.1% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• SmartStop pairs an owned self-storage portfolio (92.5% same-store occupancy) with a fee-earning managed platform whose agreements include advisory fees, reimbursements, and ⟦"a construction management fee equal to 5% of the cost"⟧ of major projects (FY2025 10-K, accession 0001193125-26-082573), plus a 49-property Canadian position most US storage REITs lack. • The biggest risk is the stack of demands at once: about 29 times trailing adjusted funds from operations (top of the REIT group), net
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247 institutional managers reported holding SMA in 13F filings for the quarter ended 2026-03-31. Together they hold about 91% of the company; the top 10 hold 56%. 53 opened new positions that quarter. Held by T. Rowe Price, Vanguard Group, BlackRock, among others. On the short side, 3.8M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (5.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SMA has cut its share count 34.4% over the past five years. It pays a dividend, and has paid one every year in our records (12 and counting); the current rate is $0.60 a share annually. Cash returned over the past three years: $151.18M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SMA over the trailing three years: 2025: 8 buys totaling $1.16M. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SMA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-08-09 | -1.8% | +2.7% |
| 2025-11-08 | -0.1% | -5.7% |
| 2026-02-28 | -1.1% | -5.9% |
| 2026-05-09 | +7.9% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SMA's latest 8-K filings: 2026-07-01 (items 8.01); 2026-06-25 (items 5.03, 5.07, 9.01); 2026-06-02 (items 7.01); 2026-06-01 (items 8.01); 2026-05-12 (items 7.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.