SmartStop Self Storage REIT (SMA) Gross Margin (2014 - 2026)
SmartStop Self Storage REIT (SMA) recorded Gross Margin of 60.10% in Q2 2026, up 0.81 percentage points from 59.30% a year earlier and up 2.79 percentage points from the prior quarter.
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Analysis
SmartStop Self Storage REIT (SMA) Gross Margin (2014 - 2026) Analysis & Trends
On a TTM basis, SmartStop Self Storage REIT's Gross Margin came in at 59.84% as of Jun 30, 2026, down 3.71 percentage points year-over-year; for FY2025, it came in at 61.35%, down 4.34 percentage points from FY2024.
- Annual Gross Margin has declined for three straight years, with a five-year change of -0.83 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 65.69% in FY2024 (-2.34 pp), 68.03% in FY2023 (-1.15 pp), 69.17% in FY2022 (+1.09 pp) and 68.09% in FY2021 (+5.91 pp).
- Quarterly Gross Margin has ranged from 57.31% in Q1 2026 to 72.89% in Q4 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in two of the last eight quarters, with an average year-over-year change of -2.73 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 7.12 percentage points in Q4 2021, against a drop of 7.15 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 57.31% (Q1 2026), 61.19% (Q4 2025) and 60.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | - |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | SmartStop Self Storage REIT | 1.79 Bn | 1.69 Bn | 47.65 Mn | 60.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.10% |
| Mar 31, 2026 | 57.31% |
| Dec 31, 2025 | 61.19% |
| 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 | 62.21% |
| Sep 30, 2023 | 67.54% |
| Jun 30, 2023 | 68.83% |
| Mar 31, 2023 | 67.67% |
| Dec 31, 2022 | 68.85% |
| Sep 30, 2022 | 68.34% |
| Jun 30, 2022 | 70.15% |
| Mar 31, 2022 | 69.49% |
| Dec 31, 2021 | 72.89% |
| Sep 30, 2021 | 67.20% |
API Access
SmartStop Self Storage REIT Gross Margin 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=gross-margin&ticker=SMA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=SMA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();