SmartStop Self Storage REIT (SMA) Net Margin (2014 - 2026)
SmartStop Self Storage REIT's (SMA) quarterly Net Margin came in at 12.23% in Q1 2026, up 2507.0% year-on-year from 0.47% in Q1 2025, and up 244.81% on a QoQ basis from 3.55% in Q4 2025.
SmartStop Self Storage REIT (SMA) Net Margin (2014 - 2026) Analysis & Trends
SmartStop Self Storage REIT (SMA) has 13 years of Net Margin data on file, last reported at 12.23% in Q1 2026.
- On a quarterly basis, Net Margin rose 2507.0% year-over-year to 12.23% in Q1 2026; TTM through Mar 2026 was 3.14%, a 1216.0% increase from a year earlier, with the FY2025 full-year figure at 3.12%, up 464.0% from the prior year.
- Net Margin for Q1 2026 stood at 12.23%, up from 3.55% in the prior quarter.
- Over the last five years, Net Margin for SMA reached as high as 17.65% in Q2 2022 and fell as low as 12.84% in Q1 2025.
- Historically, Net Margin has averaged 1.49% across 5 years, with a median of 2.25% in 2022.
- Across the five-year window, Net Margin surged 3979 bps in 2022 and sank 1699 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 2.36% in 2022, then gained by 18 bps to 1.94% in 2023, then plunged by 214 bps to 6.09% in 2024, then surged by 158 bps to 3.55% in 2025, then surged by 245 bps to 12.23% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 12.23% in Q1 2026, 3.55% in Q4 2025, and 7.42% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 135.90 Bn | 135.90 Bn | 2.24 Bn | 62.07% |
| 2 | Public Storage | 57.47 Bn | 57.33 Bn | 1.18 Bn | 39.15% |
| 3 | Extra Space Storage | 31.58 Bn | 31.58 Bn | 617.72 Mn | 27.62% |
| 4 | Eastgroup Properties | 11.39 Bn | 11.39 Bn | 193.10 Mn | 39.06% |
| 5 | CubeSmart | 9.67 Bn | 9.67 Bn | 191.86 Mn | -0.18% |
| 6 | Lineage | 9.54 Bn | 9.48 Bn | 417.00 Mn | -3.93% |
| 7 | Rexford Industrial Realty | 8.92 Bn | 8.87 Bn | - | - |
| 8 | STAG Industrial | 7.85 Bn | 7.85 Bn | - | 27.64% |
| 9 | Terreno Realty | 7.65 Bn | 7.65 Bn | - | 55.54% |
| 10 | SmartStop Self Storage REIT | 140.64 Mn | 102.43 Mn | 44.88 Mn | 12.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.23% |
| Dec 31, 2025 | 3.55% |
| Sep 30, 2025 | 7.42% |
| Jun 30, 2025 | -12.51% |
| Mar 31, 2025 | -12.84% |
| Dec 31, 2024 | -6.09% |
| Sep 30, 2024 | -10.34% |
| Jun 30, 2024 | -6.46% |
| Mar 31, 2024 | -8.15% |
| Dec 31, 2023 | -1.94% |
| Sep 30, 2023 | -1.08% |
| Jun 30, 2023 | 0.66% |
| Mar 31, 2023 | -2.43% |
| Dec 31, 2022 | -2.36% |
| Sep 30, 2022 | -2.25% |
| Jun 30, 2022 | 17.65% |
| Mar 31, 2022 | -0.45% |
| Dec 31, 2021 | -20.00% |
| Sep 30, 2021 | -4.92% |
| Jun 30, 2021 | -9.19% |