SmartStop Self Storage REIT (SMA) Operating Expenses (2014 - 2026)
SmartStop Self Storage REIT (SMA) posted quarterly Operating Expenses of $63.3 million for Q1 2026, up 31.34% year-over-year from $48.2 million in Q1 2025, and up 138.99% quarter-over-quarter from -$162.4 million in Q4 2025.
SmartStop Self Storage REIT (SMA) Operating Expenses (2014 - 2026) Analysis & Trends
SmartStop Self Storage REIT (SMA) has reported Operating Expenses for 13 consecutive years, with $63.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 31.34% year-over-year to $63.3 million; the TTM figure through Mar 2026 stood at $15.1 million (down 91.36% YoY), while the FY2024 annual figure was $167.8 million, up 3.34% from the prior year.
- Operating Expenses advanced to $63.3 million in Q1 2026 per SMA's latest filing, from -$162.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $63.3 million in Q1 2026 and bottomed at -$162.4 million in Q4 2025.
- Historically, Operating Expenses has averaged $32.7 million across 5 years, with a median of $41.5 million in 2024.
- On a YoY basis, Operating Expenses climbed as much as 36.32% in 2025 and fell as far as 479.49% in 2025.
- SmartStop Self Storage REIT's Operating Expenses stood at $40.1 million in 2022, then grew by 1.31% to $40.6 million in 2023, then climbed by 5.45% to $42.8 million in 2024, then sank by 479.49% to -$162.4 million in 2025, then surged by 138.99% to $63.3 million in 2026.
- Business Quant data shows SMA's Operating Expenses at $63.3 million in Q1 2026, -$162.4 million in Q4 2025, and $57.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | 1.47 Bn |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 766.20 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 481.97 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 114.53 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 1.31 Bn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 169.10 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 143.39 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 72.62 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 141.27 Mn |
| 10 | SmartStop Self Storage REIT | 1.91 Bn | 1.87 Bn | 47.65 Mn | 61.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 61.89 Mn |
| Mar 31, 2026 | 63.32 Mn |
| Dec 31, 2025 | -162.42 Mn |
| Sep 30, 2025 | 57.65 Mn |
| Jun 30, 2025 | 56.55 Mn |
| Mar 31, 2025 | 48.21 Mn |
| Dec 31, 2024 | 42.80 Mn |
| Sep 30, 2024 | 42.46 Mn |
| Jun 30, 2024 | 41.49 Mn |
| Mar 31, 2024 | 41.04 Mn |
| Dec 31, 2023 | 40.59 Mn |
| Sep 30, 2023 | 40.57 Mn |
| Jun 30, 2023 | 40.98 Mn |
| Mar 31, 2023 | 40.23 Mn |
| Dec 31, 2022 | 40.06 Mn |
| Sep 30, 2022 | 43.56 Mn |
| Jun 30, 2022 | 42.84 Mn |
| Mar 31, 2022 | 36.42 Mn |
| Dec 31, 2021 | 44.93 Mn |
| Sep 30, 2021 | 34.76 Mn |