SmartStop Self Storage REIT (SMA) Cost of Revenue (2014 - 2026)

SmartStop Self Storage REIT (SMA) has reported Cost of Revenue for 13 consecutive years, with $29.9 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 20.8% year-over-year to $29.9 million; the TTM figure through Mar 2026 stood at $118.8 million (up 31.92% YoY), while the FY2025 annual figure was $113.7 million, up 31.45% from the prior year.
• Cost of Revenue grew to $29.9 million in Q1 2026 per SMA's latest filing, from $29.5 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $85.3 million in Q4 2023 and bottomed at $389265.0 in Q1 2022.
• Historically, Cost of Revenue has averaged $22.8 million across 5 years, with a median of $21.6 million in 2024.
• On a YoY basis, Cost of Revenue climbed as much as 4213.64% in 2022 and fell as far as 96.24% in 2022.
• SmartStop Self Storage REIT's Cost of Revenue stood at $54.6 million in 2022, then jumped by 56.3% to $85.3 million in 2023, then tumbled by 73.77% to $22.4 million in 2024, then jumped by 31.65% to $29.5 million in 2025, then advanced by 1.44% to $29.9 million in 2026.
• Business Quant data shows SMA's Cost of Revenue at $29.9 million in Q1 2026, $29.5 million in Q4 2025, and $30.1 million in Q3 2025.