Growth Metrics

SmartStop Self Storage REIT (SMA) Operating Expenses (2016 - 2025)

SmartStop Self Storage REIT (SMA) has disclosed Operating Expenses for 12 consecutive years, with -$162.4 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 30.64% to -$162.4 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $38.1 million through Sep 2025, down 76.99% year-over-year, with the annual reading at $661000.0 for FY2024, 99.59% down from the prior year.
  • Operating Expenses for Q4 2025 was -$162.4 million at SmartStop Self Storage REIT, down from $57.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $57.7 million in Q3 2025, with the low at -$162.4 million in Q4 2025.
  • Average Operating Expenses over 5 years is $23.9 million, with a median of $40.8 million recorded in 2023.
  • The sharpest move saw Operating Expenses skyrocketed 53.31% in 2021, then plummeted 406.31% in 2024.
  • Over 5 years, Operating Expenses stood at $44.9 million in 2021, then dropped by 10.83% to $40.1 million in 2022, then increased by 1.31% to $40.6 million in 2023, then tumbled by 406.31% to -$124.3 million in 2024, then tumbled by 30.64% to -$162.4 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at -$162.4 million, $57.7 million, and $56.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.