SmartStop Self Storage REIT, Inc. (SMA) Financial Statements (2026 and earlier)

Company Profile

Business Address 10 TERRACE ROAD
LADERA RANCH, CA 92694
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,22423,11245,07939,48737,25472,706
Cash and cash equivalent54,22423,11245,07939,48737,25472,706
Total current assets:54,22423,11245,07939,48737,25472,706
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,427,3632,091,1961,924,7461,887,2061,593,6241,210,103
Long-term investments and receivables130,96157,72234,39162,37112,40415,624
Long-term investments130,96157,72234,39162,37112,40415,624
Intangible asset, including goodwill, after accumulated amortization104,03276,10970,58485,10884,03482,244
Goodwill69,97453,64353,64353,64353,64353,643
Intangible asset, excluding goodwill, after accumulated amortization34,05822,46616,94131,46530,39128,601
Deferred income tax assets3,1824,3104,450   
Total noncurrent assets:2,665,5382,229,3372,034,1712,034,6851,690,0621,307,971
Other undisclosed assets(287,590)(210,382)(183,610)(126,954)(109,024)(98,455)
TOTAL ASSETS:2,432,1722,042,0671,895,6411,947,2171,618,2931,282,221
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt6,5595,9546,1946,2067,7198,380
Deferred income tax liabilities6,5595,9546,1946,2067,7198,380
Total noncurrent liabilities:6,5595,9546,1946,2067,7198,380
Other undisclosed liabilities1,145,6901,365,1671,125,9511,106,258935,506776,909
Total liabilities:1,152,2491,371,1211,132,1451,112,464943,225785,289
Temporary equity, including noncontrolling interest      57,336
Equity
Equity, attributable to parent, including:1,180,410325,698404,340467,359342,734183,236
Additional paid in capital1,837,194895,118894,857894,284724,740492,408
Accumulated other comprehensive income (loss)733(1,708)8473,655(280)(3,834)
Accumulated deficit(194,407)(185,649)(167,270)(164,525)(170,846)(141,445)
Other undisclosed equity, attributable to parent(463,110)(382,063)(324,094)(266,055)(210,879)(163,893)
Equity, attributable to noncontrolling interest99,51386,85091,52394,46064,64360,004
Total equity:1,279,923412,548495,863561,820407,377243,240
Other undisclosed liabilities and equity  258,398267,633272,934267,691196,356
TOTAL LIABILITIES AND EQUITY:2,432,1722,042,0671,895,6411,947,2171,618,2931,282,221

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues281,141237,006232,992212,643168,765124,024
Cost of revenue(106,637)(137,836)(133,436)(133,734)(129,170)(48,756)
Other undisclosed gross profit(2,030)56,523    
Gross profit:172,474155,69399,55678,91039,59475,268
Operating expenses(115,692)(29,948)(28,931)(29,142)(23,265)(96,409)
Other undisclosed operating income (loss)2,314(56,523) 16,101179 
Operating income (loss):59,09669,22270,62565,86916,508(21,140)
Nonoperating income (expense)2,679(4,682)(4,971)(849)(65)5,987
Gain (loss), foreign currency transaction, before tax2,700(3,400)200   
Gains on sales of other real estate     179 
Other nonoperating income (expense)(21)(1,282)3,129(849)(244)5,987
Unusual or infrequent item, or both, net (gain) loss   (8,300)   
Interest and debt expense(2,533)(471)(61,805)(43,905)(34,263)(32,598)
Income (loss) from continuing operations before equity method investments, income taxes:59,24264,0693,84921,115(17,821)(47,751)
Loss from equity method investments     (1,050) 
Other undisclosed income (loss) from continuing operations before income taxes(59,078)(68,472)5,202   
Income (loss) from continuing operations before income taxes:164(4,403)9,05121,115(18,871)(47,751)
Income tax expense (benefit)(1,901)(1,484)2,5965551,8005,800
Income (loss) from continuing operations:(1,737)(5,887)11,64721,669(17,071)(41,951)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(17,071)(41,951)
Other undisclosed net income (loss)    (2,494)(9,256)
Net income (loss):(1,737)(5,887)11,64721,669(19,565)(51,207)
Net income (loss) attributable to noncontrolling interest190266(1,892)(2,848)2,6636,902
Other undisclosed net loss attributable to parent (7,211)     
Net income (loss) attributable to parent:(8,758)(5,621)9,75418,822(16,902)(44,305)
Preferred stock dividends and other adjustments(3,567)(12,758)(12,500)(12,500)(12,500)(10,050)
Undistributed earnings (loss) allocated to participating securities, basic      
Other undisclosed net income (loss) available to common stockholders, basic3,567     
Net income (loss) available to common stockholders, basic:(8,758)(18,379)(2,746)6,322(29,402)(54,354)
Other undisclosed net loss available to common stockholders, diluted(628)(451)(369)(286)  
Net income (loss) available to common stockholders, diluted:(9,386)(18,830)(3,115)6,036(29,402)(54,354)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(1,737)(5,887)11,64721,669(19,565)(51,207)
Other comprehensive income (loss)2,593(2,904)(3,179)4,4294,006(2,173)
Comprehensive income (loss):856(8,791)8,46826,099(15,559)(53,380)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest38615(1,521)(3,342)2,2117,197
Comprehensive income (loss), net of tax, attributable to parent:894(8,176)6,94722,757(13,347)(46,184)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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