SmartStop Self Storage REIT (SMA) Gross Margin (2014 - 2026)
SmartStop Self Storage REIT (SMA) reported 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 13 years of Gross Margin data on file, last reported at 57.31% in Q1 2026.
- Gross Margin for Q1 2026 came in at 57.31%, down 684.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.29% (down 6412.0% YoY), and the FY2025 annual result was 0.32%, down 6537.0% from the prior year.
- Gross Margin improved to 57.31% in Q1 2026 per SMA's latest filing, from 157.53% in the prior quarter.
- Over five years, Gross Margin peaked at 97.93% in Q3 2022 and troughed at 157.53% in Q4 2025.
- A 5-year average of 45.41% and a median of 65.13% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 11164 bps in 2024, then sank 22386 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 66.28% in 2022, then soared by 32 bps to 45.31% in 2023, then soared by 246 bps to 66.33% in 2024, then slumped by 337 bps to 157.53% in 2025, then surged 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 | 137.79 Bn | 141.12 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | -607.24% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 99.88% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 32.15% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 68.05% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | SmartStop Self Storage REIT | 1.78 Bn | 1.84 Bn | 44.88 Mn | 57.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -45.31% |
| Sep 30, 2023 | 97.56% |
| Jun 30, 2023 | 72.34% |
| Mar 31, 2023 | 97.57% |
| Dec 31, 2022 | -66.28% |
| Sep 30, 2022 | 97.93% |
| Jun 30, 2022 | 73.67% |
| Mar 31, 2022 | 97.62% |
| Dec 31, 2021 | 0.22% |
| Sep 30, 2021 | 71.98% |
| Jun 30, 2021 | 99.25% |