SmartStop Self Storage REIT (SMA) Cost of Revenue (2014 - 2026)
SmartStop Self Storage REIT (SMA) reported Cost of Revenue of $35.34 million for Q2 2026, up 16.1% from $30.45 million a year earlier but down 6.4% from the prior quarter.
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Analysis
SmartStop Self Storage REIT (SMA) Cost of Revenue (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, SmartStop Self Storage REIT's Cost of Revenue came in at $140.95 million, up 40.0% year-over-year; for FY2025, it was $118.51 million, up 38.9% from FY2024.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 20.4% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $85.3 million in FY2024 (+9.6%), $77.86 million in FY2023 (+18.8%), $65.55 million in FY2022 (+21.7%) and $53.86 million in FY2021 (+14.8%).
- Five-year quarterly Cost of Revenue spans a low of $12.74 million in Q4 2021 and a high of $40.29 million in Q4 2025.
- Year over year, Cost of Revenue has now increased in each of the last 21 quarters, with growth averaging 33.1% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 6.6% in Q3 2023 to 65.1% in Q4 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at $37.77 million (Q1 2026), $40.29 million (Q4 2025) and $27.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 164.16 Bn | 146.67 Bn | 1.39 Bn | 2.15 Bn |
| 2 | Prologis | 120.28 Bn | 124.68 Bn | - | - |
| 3 | Simon Property | 68.97 Bn | 70.18 Bn | - | - |
| 4 | Realty Income | 51.22 Bn | 53.60 Bn | - | - |
| 5 | Public Storage | 49.85 Bn | 48.94 Bn | - | - |
| 6 | Ventas | 43.09 Bn | 42.28 Bn | - | - |
| 7 | Extra Space Storage | 28.15 Bn | 28.15 Bn | 642.43 Mn | 231.72 Mn |
| 8 | Vici Properties | 24.95 Bn | 23.07 Bn | 1.05 Bn | 7.40 Mn |
| 9 | Vivmark Residential | 22.41 Bn | 22.60 Bn | - | - |
| 10 | SmartStop Self Storage REIT | 1.80 Bn | 1.70 Bn | 47.65 Mn | 35.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.34 Mn |
| Mar 31, 2026 | 37.77 Mn |
| Dec 31, 2025 | 40.29 Mn |
| Sep 30, 2025 | 27.56 Mn |
| Jun 30, 2025 | 30.45 Mn |
| Mar 31, 2025 | 24.70 Mn |
| Dec 31, 2024 | 24.40 Mn |
| Sep 30, 2024 | 21.16 Mn |
| Jun 30, 2024 | 19.85 Mn |
| Mar 31, 2024 | 19.89 Mn |
| Dec 31, 2023 | 21.75 Mn |
| Sep 30, 2023 | 19.05 Mn |
| Jun 30, 2023 | 18.58 Mn |
| Mar 31, 2023 | 18.47 Mn |
| Dec 31, 2022 | 17.58 Mn |
| Sep 30, 2022 | 17.88 Mn |
| Jun 30, 2022 | 15.46 Mn |
| Mar 31, 2022 | 14.64 Mn |
| Dec 31, 2021 | 12.74 Mn |
| Sep 30, 2021 | 14.74 Mn |
API Access
SmartStop Self Storage REIT Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SMA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();