SmartStop Self Storage REIT, Inc. (SMA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SmartStop Self Storage REIT, Inc. $29.65, price $31.68, upside -6.4%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
18‑month range $29.16 – $37.27 · fair‑value band $9.63 – $59.15 · the $31.68 price screens above the $29.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand.
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SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of February 20, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop 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. SmartStop Self Storage REIT, Inc. was established on January 08, 2013 and is based in Ladera Ranch, United States.
Stock analysis
SmartStop Self Storage REIT, Inc. (SMA) currently trades at $31.68, while our model-based Fair Value estimate is $29.65, implying the stock looks roughly 6.8% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $31.08 per share, and 1 of the 12 models we run sit above the $31.68 price.
Bear case: the Multiples group reads lowest at $4.69, and 11 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: $9.63 (bear) to $59.15 (bull), the price of $31.68 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SmartStop Self Storage REIT, Inc. reported revenue of $281M in FY2025 versus $169M in FY2021, a compound +13.6%/yr. Reported net income was −$1.5M in FY2025.
Key figures
Market cap $1.8B · P/E ratio 99.0 · P/S ratio 6.49 · EPS (TTM) $0.3200 · Dividend yield 1.2% · Net margin −0.6% · Return on equity 1.5% · Return on assets (EBIT) 2.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −6%, SMA screens cheaper than that median.
Fair Value models
Bear $9.63Fair Value $29.65Bull $59.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.8%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−17.0% (2020) → 21.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +18.2% a year for the price and +2.7% for the forecasts.
Compare SmartStop Self Storage REIT, Inc. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Industrial · 55 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside−6% · Above median
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets2% · Bottom 25%
Net margin (TTM)5% · Bottom 25%
Operating margin (TTM)22% · Bottom 25%
Growth and dividend
Revenue growth13% · Top 25%
Dividend yield (TTM)1.2% · Bottom 25%
Balance sheet
Debt / equity0.93× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SmartStop Self Storage REIT, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/SMA
Frequently asked questions
Is SmartStop Self Storage REIT, Inc. (SMA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $29.65 versus a price of $31.68, about −6% upside (fairly valued).
What is the fair value of SMA?
Our model-based fair value for SmartStop Self Storage REIT, Inc. is $29.65 (as of Sep 24, 2026), built from audited fundamentals. The current price: $31.68.
What is the quality score of SMA?
SmartStop Self Storage REIT, Inc. has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SmartStop Self Storage REIT, Inc. (SMA)?
Our model-based price target is the fair value of $29.65 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario $9.63, optimistic scenario $59.15. It is a calculation from audited fundamentals, not an analyst target.
What is the SmartStop Self Storage REIT, Inc. stock forecast for 2026?
Our models put fair value at $29.65, about −6% upside versus a price of $31.68 (fairly valued). Cautious scenario $9.63, optimistic scenario $59.15. The calculation is refreshed regularly with new filings.
What is the revenue of SmartStop Self Storage REIT, Inc. (SMA)?
SmartStop Self Storage REIT, Inc. reported trailing-twelve-month revenue of about $276M (latest available figure, as of Sep 24, 2026).
Does SmartStop Self Storage REIT, Inc. pay a dividend?
SmartStop Self Storage REIT, Inc. currently shows a dividend yield of about 1.24% relative to its recent price (as of Sep 24, 2026).
What growth is priced into SmartStop Self Storage REIT, Inc. (SMA)?
For today's price to be fair in a discounted-cash-flow model, SmartStop Self Storage REIT, Inc. would have to grow free cash flow by +21.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SMA use?
Our models discount SmartStop Self Storage REIT, Inc. at 11.2 %: a base by market capitalisation (small), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SmartStop Self Storage REIT, Inc. that is +21.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has SmartStop Self Storage REIT, Inc. (SMA) delivered so far?
Over the past 5 years revenue at SmartStop Self Storage REIT, Inc. grew +17.8 % a year. The price currently implies +21.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SmartStop Self Storage REIT, Inc. (SMA) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into SmartStop Self Storage REIT, Inc. (+21.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SmartStop Self Storage REIT, Inc. (SMA)?
The free-cash-flow yield on the price is 5.67 %: that much free cash flow SmartStop Self Storage REIT, Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SmartStop Self Storage REIT, Inc. (SMA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SmartStop Self Storage REIT, Inc. it is $29.65 per share (as of Sep 24, 2026), against a price of $31.68. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is SmartStop Self Storage REIT, Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SMA trades above its calculated fair value: price $31.68, fair value $29.65, a gap of about −6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMA?
No. The price is what the market pays today ($31.68); the fair value is what the company's own numbers justify ($29.65). For SmartStop Self Storage REIT, Inc. the two are $2.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is SmartStop Self Storage REIT, Inc. worth?
The market values SmartStop Self Storage REIT, Inc. at about $1.8B (market capitalisation, as of Sep 24, 2026). Per share that is $31.68; our models calculate a fair value of $29.65 per share.
What do the bullish and bearish scenarios say about SMA?
Our models span a range for SmartStop Self Storage REIT, Inc.: cautious scenario $9.63, base $29.65, optimistic $59.15 per share (as of Sep 24, 2026, price $31.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SMA?
SmartStop Self Storage REIT, Inc. trades at a price-to-earnings ratio of 99.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $29.65 is built from several models across several years. Other multiples: P/B 1.5, P/S 6.5, EV/EBITDA 21.3.
How solid is the balance sheet of SmartStop Self Storage REIT, Inc. (SMA)?
Balance-sheet figures for SmartStop Self Storage REIT, Inc. (as of Sep 24, 2026): return on equity 1.5%, debt of 0.93 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is SMA from its 52-week high?
SmartStop Self Storage REIT, Inc. trades at $31.68, about 14% below its 52-week high of $36.86 and 9% above the low of $29.16 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $29.65 is for.
Which stocks are comparable to SmartStop Self Storage REIT, Inc.?
From the same area (Real Estate) we also value Public Storage, a member of the S&P 500,, Prologis, Inc, Extra Space Storage Inc, EastGroup Properties, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SmartStop Self Storage REIT, Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $31.68, calculated fair value $29.65 (−6%), Quality Score 42/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMA calculated?
We run SmartStop Self Storage REIT, Inc. through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $29.65, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. SmartStop Self Storage REIT, Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SmartStop Self Storage REIT, Inc. (SMA)?
The closing price on Sep 23, 2026 was $31.68. Our model-based fair value is $29.65, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SmartStop Self Storage REIT, Inc. right now?
The model range is unusually wide ($9.63 to $59.15). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of SmartStop Self Storage REIT, Inc.
How large is the market capitalisation of SmartStop Self Storage REIT, Inc. (SMA)?
The market capitalisation of SmartStop Self Storage REIT, Inc. is $1.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SmartStop Self Storage REIT, Inc. (SMA)?
The price-to-sales ratio of SmartStop Self Storage REIT, Inc. is 6.49 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SmartStop Self Storage REIT, Inc. (SMA)?
Earnings per share at SmartStop Self Storage REIT, Inc. are $0.3200 (price ÷ EPS = P/E 99.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SmartStop Self Storage REIT, Inc. (SMA)?
The dividend yield of SmartStop Self Storage REIT, Inc. is 1.2% (payout 123%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SmartStop Self Storage REIT, Inc. (SMA)?
The net margin of SmartStop Self Storage REIT, Inc. is −0.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SmartStop Self Storage REIT, Inc. (SMA)?
The return on equity (ROE) of SmartStop Self Storage REIT, Inc. is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SmartStop Self Storage REIT, Inc. (SMA)?
On an EBIT basis the return on assets of SmartStop Self Storage REIT, Inc. is 2.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SmartStop Self Storage REIT, Inc. (SMA)?
The operating margin of SmartStop Self Storage REIT, Inc. is 21.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SmartStop Self Storage REIT, Inc. (SMA)?
Revenue at SmartStop Self Storage REIT, Inc. is growing +13.1% versus a year earlier (3y avg +10.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does SmartStop Self Storage REIT, Inc. (SMA) carry?
The net debt of SmartStop Self Storage REIT, Inc. is $1.0B (fiscal year 2025, ≈ 12.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026