SmartStop Self Storage REIT (SMA) Gross Margin (2014 - 2026)
SmartStop Self Storage REIT (SMA) posted quarterly Gross Margin of 57.31% for Q1 2026, down 684.0% year-over-year from 9.81% in Q1 2025, and up 136.38% quarter-over-quarter from 157.53% in Q4 2025.
SmartStop Self Storage REIT (SMA) Gross Margin (2014 - 2026) Analysis & Trends
SmartStop Self Storage REIT (SMA) has reported Gross Margin for 13 consecutive years, with 57.31% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 684.0% year-over-year to 57.31%; the TTM figure through Mar 2026 stood at 1.29% (down 6412.0% YoY), while the FY2025 annual figure was 0.32%, down 6537.0% from the prior year.
- Gross Margin advanced to 57.31% in Q1 2026 per SMA's latest filing, from 157.53% in the prior quarter.
- Across five years, Gross Margin topped out at 99.19% in Q1 2022 and bottomed at 157.53% in Q4 2025.
- Historically, Gross Margin has averaged 51.12% across 5 years, with a median of 65.13% in 2024.
- Annual changes were most pronounced in 2024 — Gross Margin soared 11459 bps — and 2025, when it sank 22386 bps.
- SmartStop Self Storage REIT's Gross Margin stood at 3.22% in 2022, then sank by 1597 bps to 48.25% in 2023, then surged by 237 bps to 66.33% in 2024, then tumbled by 337 bps to 157.53% in 2025, then soared by 136 bps to 57.31% in 2026.
- Business Quant data shows SMA's Gross Margin at 57.31% in Q1 2026, 157.53% in Q4 2025, and 60.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 99.17% |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 97.06% |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 73.49% |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 99.88% |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 31.23% |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 66.48% |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | - |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | - |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | - |
| 10 | SmartStop Self Storage REIT | 1.91 Bn | 1.87 Bn | 47.65 Mn | 60.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 60.10% |
| Mar 31, 2026 | 57.31% |
| Dec 31, 2025 | -157.53% |
| Sep 30, 2025 | 60.87% |
| Jun 30, 2025 | 59.30% |
| Mar 31, 2025 | 64.15% |
| Dec 31, 2024 | 66.33% |
| Sep 30, 2024 | 64.83% |
| Jun 30, 2024 | 66.45% |
| Mar 31, 2024 | 65.13% |
| Dec 31, 2023 | -48.25% |
| Sep 30, 2023 | 97.77% |
| Jun 30, 2023 | 98.86% |
| Mar 31, 2023 | 99.04% |
| Dec 31, 2022 | 3.22% |
| Sep 30, 2022 | 98.71% |
| Jun 30, 2022 | 73.67% |
| Mar 31, 2022 | 99.19% |
| Dec 31, 2021 | 93.50% |
| Sep 30, 2021 | 98.69% |