SmartStop Self Storage REIT Inc is a US-based company operating in Specialized REITs industry. The company is headquartered in Ladera Ranch, California and currently employs 560 full-time employees. The company went IPO on 2020-10-27. SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1000 self-storage professionals focused on growing the SmartStop Self Storage brand. The firm is focused on the acquisition, ownership and operation of self-storage properties located primarily within the top 100 metropolitan statistical areas (MSAs) throughout the United States and Canada. The firm's segments include self storage operations and the Managed REIT Platform business. The Company, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. The company owns or manages more than 460 operating properties in 35 states, Washington D.C., and Canada, comprising over 270,000 units and 35 million rentable square feet. The firm and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenue
233
232
212
168
124
109
Revenue Growth (YoY)
1%
9%
26%
35%
14%
36%
Cost of Revenue
74
69
61
53
46
48
Gross Profit
159
163
151
114
77
61
Selling, General & Admin
35
32
32
23
16
12
Research & Development
--
--
--
--
--
--
Operating Expenses
91
92
98
89
56
53
Other Non Operating Income (Expenses)
0
3
0
-1
2
-4
Pretax Income
-3
9
21
-19
-51
-25
Income Tax Expense
0
-2
0
--
--
--
Net Income
-16
-3
6
-29
-54
-24
Net Income Growth
433%
-150%
-121%
-46%
125%
700%
Shares Outstanding (Diluted)
96.47
96.8
92.05
79.4
59.6
58.3
Shares Change (YoY)
0%
5%
16%
33%
2%
2%
EPS (Diluted)
-0.16
-0.03
0.06
-0.37
-0.91
-0.42
EPS Growth
391%
-149%
-118%
-59%
117%
600%
Free Cash Flow
2
46
0
-16
11
-11
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
68.24%
70.25%
71.22%
67.85%
62.09%
55.96%
Operating Margin
29.18%
30.17%
24.52%
14.88%
16.93%
6.42%
Profit Margin
-6.86%
-1.29%
2.83%
-17.26%
-43.54%
-22.01%
Free Cash Flow Margin
0.85%
19.82%
0%
-9.52%
8.87%
-10.09%
EBITDA
124
130
116
78
63
48
EBITDA Margin
53.21%
56.03%
54.71%
46.42%
50.8%
44.03%
D&A For EBITDA
56
60
64
53
42
41
EBIT
68
70
52
25
21
7
EBIT Margin
29.18%
30.17%
24.52%
14.88%
16.93%
6.42%
Effective Tax Rate
0%
-22.22%
0%
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--
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Follow-Up Questions
What are SmartStop Self Storage REIT Inc's key financial statements?
According to the latest financial statement (Form-10K), SmartStop Self Storage REIT Inc has a total asset of $1,895, Net loss of $-3
What are the key financial ratios for SSST?
SmartStop Self Storage REIT Inc's Current ratio is 1.54, has a Net margin is -1.29, sales per share of $2.39.
How is SmartStop Self Storage REIT Inc's revenue broken down by segment or geography?
SmartStop Self Storage REIT Inc largest revenue segment is Tamedia, at a revenue of 395,300,000 in the most earnings release.For geography, Switzerland is the primary market for SmartStop Self Storage REIT Inc, at a revenue of 941,500,000.
Is SmartStop Self Storage REIT Inc profitable?
no, according to the latest financial statements, SmartStop Self Storage REIT Inc has a net loss of $-3
Does SmartStop Self Storage REIT Inc have any liabilities?
yes, SmartStop Self Storage REIT Inc has liability of 1,223
How many outstanding shares for SmartStop Self Storage REIT Inc?
SmartStop Self Storage REIT Inc has a total outstanding shares of 96.87