Smartstop Self Storage Reit, Inc. income statement
In fiscal 2025, Smartstop Self Storage Reit, Inc. reported revenue of $281m, up 18.6% on the year before, operating income of $59.1m (a 21.0% margin) and net income of −$8.8m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 18 | 45 | 76 | 80 | 110 | 124 | 169 | 213 | 233 | 237 | 281 | 306 |
| Cost of revenue | 0 | 0 | 7 | 16 | 24 | 25 | — | — | — | — | — | — | — | — |
| Gross profit | 0 | 0 | 11 | 29 | 52 | 55 | — | — | — | 147 | 159 | 156 | 172 | 183 |
| General and administrative | 0 | 1 | 2 | 3 | 3 | 5 | 10 | 16 | 23 | 28 | 27 | 30 | 38 | 38 |
| Operating income | 0 | −2 | −5 | −15 | 4 | 16 | 12 | −21 | 17 | 66 | 71 | 69 | 59 | 66 |
| Interest expense | 0 | 0 | 3 | 7 | 16 | 18 | 38 | 36 | 33 | 42 | 62 | 72 | 60 | 52 |
| Income before tax | — | — | — | — | — | — | — | — | −21 | 21 | 9 | −4 | 0 | — |
| Income tax | — | — | — | — | — | — | — | −6 | −2 | −1 | −3 | 1 | 2 | 2 |
| Net income | 0 | −2 | −15 | −26 | −15 | −4 | −25 | −54 | −29 | 6 | −3 | −18 | −9 | 29 |
| Diluted EPS | $0.00 | −$18.36 | — | — | — | — | — | −$3.64 | −$1.48 | $0.28 | −$0.03 | −$0.20 | — | — |
| Diluted shares (average) | — | — | — | — | — | — | — | 15m | 20m | 23m | — | — | — | — |
| EBITDA | 0 | −2 | 4 | 7 | 37 | 39 | 53 | 21 | 70 | 130 | 131 | 125 | 132 | 139 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 61 | 65 | 67 | 70 | 78 | 78 | 79 |
| Gross profit | 39 | 40 | 42 | 40 | 43 | 48 | 45 | 48 |
| General and administrative | 7 | 7 | 8 | 12 | 10 | 8 | 9 | 10 |
| Operating income | 18 | 18 | 17 | 10 | 13 | 19 | 16 | 18 |
| Interest expense | 19 | 19 | 22 | 12 | 13 | 13 | 13 | 13 |
| Income tax | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Net income | −6 | −4 | −8 | −8 | 5 | 3 | 10 | 11 |
| Diluted EPS | −$0.26 | $0.42 | −$1.40 | −$0.16 | $0.09 | — | — | — |
| EBITDA | 32 | 32 | 34 | 26 | 29 | 39 | 36 | 34 |
Compare with peers
- Cubesmart income statement
- Extra Space Storage income statement
- Public Storage income statement
- Global Self Storage, Inc. income statement
Head to head: CUBE vs SMAEXR vs SMAPSA vs SMASELF vs SMA
More: Self-Storage REITs stocks compared, Real Estate sector, rankings of US companies