SmartStop Self Storage REIT (SMA) Cost of Revenue (2014 - 2026)
SmartStop Self Storage REIT's (SMA) quarterly Cost of Revenue came in at $29.9 million in Q1 2026, up 20.8% year-on-year from $24.7 million in Q1 2025, and up 1.44% on a QoQ basis from $29.5 million in Q4 2025.
SmartStop Self Storage REIT (SMA) Cost of Revenue (2014 - 2026) Analysis & Trends
SmartStop Self Storage REIT (SMA) has 13 years of Cost of Revenue data on file, last reported at $29.9 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 20.8% year-over-year to $29.9 million in Q1 2026; TTM through Mar 2026 was $118.8 million, a 31.92% increase from a year earlier, with the FY2025 full-year figure at $113.7 million, up 31.45% from the prior year.
- Cost of Revenue for Q1 2026 stood at $29.9 million, up from $29.5 million in the prior quarter.
- Over the last five years, Cost of Revenue for SMA reached as high as $85.3 million in Q4 2023 and fell as low as $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.
- Year by year, Cost of Revenue stood at $54.6 million in 2022, then soared by 56.3% to $85.3 million in 2023, then tumbled by 73.77% to $22.4 million in 2024, then soared by 31.65% to $29.5 million in 2025, then grew by 1.44% to $29.9 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $29.9 million in Q1 2026, $29.5 million in Q4 2025, and $30.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 136.72 Bn | 136.72 Bn | 2.24 Bn | 15.95 Mn |
| 2 | Public Storage | 56.92 Bn | 56.79 Bn | 1.18 Bn | 34.26 Mn |
| 3 | Extra Space Storage | 31.35 Bn | 31.35 Bn | 617.72 Mn | 238.30 Mn |
| 4 | Eastgroup Properties | 11.31 Bn | 11.31 Bn | 193.10 Mn | 231,000.00 |
| 5 | Lineage | 9.72 Bn | 9.65 Bn | 417.00 Mn | 880.00 Mn |
| 6 | CubeSmart | 9.62 Bn | 9.62 Bn | 191.86 Mn | 90.07 Mn |
| 7 | Rexford Industrial Realty | 8.86 Bn | 8.81 Bn | - | - |
| 8 | STAG Industrial | 7.76 Bn | 7.76 Bn | - | - |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - | - |
| 10 | SmartStop Self Storage REIT | 140.50 Mn | 102.29 Mn | 44.88 Mn | 29.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.89 Mn |
| Mar 31, 2026 | 29.89 Mn |
| Dec 31, 2025 | 29.47 Mn |
| Dec 31, 2025 | 29.47 Mn |
| Sep 30, 2025 | 30.09 Mn |
| Sep 30, 2025 | 30.09 Mn |
| Jun 30, 2025 | 29.36 Mn |
| Jun 30, 2025 | 29.36 Mn |
| Mar 31, 2025 | 24.75 Mn |
| Mar 31, 2025 | 24.75 Mn |
| Dec 31, 2024 | 22.38 Mn |
| Dec 31, 2024 | 22.38 Mn |
| Sep 30, 2024 | 21.30 Mn |
| Sep 30, 2024 | 21.30 Mn |
| Jun 30, 2024 | 21.63 Mn |
| Jun 30, 2024 | 21.63 Mn |
| Mar 31, 2024 | 21.15 Mn |
| Mar 31, 2024 | 21.15 Mn |
| Dec 31, 2023 | 85.34 Mn |
| Dec 31, 2023 | 85.34 Mn |