SmartStop Self Storage REIT (SMA) Operating Expenses (2014 - 2026)
SmartStop Self Storage REIT's (SMA) quarterly Operating Expenses came in at $63.3 million in Q1 2026, up 31.34% year-on-year from $48.2 million in Q1 2025, and up 138.99% on a QoQ basis from -$162.4 million in Q4 2025.
SmartStop Self Storage REIT (SMA) Operating Expenses (2014 - 2026) Analysis & Trends
SmartStop Self Storage REIT (SMA) has 13 years of Operating Expenses data on file, last reported at $63.3 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 31.34% year-over-year to $63.3 million in Q1 2026; TTM through Mar 2026 was $15.1 million, a 91.36% decrease from a year earlier, with the FY2024 full-year figure at $167.8 million, up 3.34% from the prior year.
- Operating Expenses for Q1 2026 stood at $63.3 million, up from -$162.4 million in the prior quarter.
- Over the last five years, Operating Expenses for SMA reached as high as $63.3 million in Q1 2026 and fell as low as -$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.
- Year by year, Operating Expenses stood at $40.1 million in 2022, then rose by 1.31% to $40.6 million in 2023, then increased by 5.45% to $42.8 million in 2024, then sank by 479.49% to -$162.4 million in 2025, then jumped by 138.99% to $63.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $63.3 million in Q1 2026, -$162.4 million in Q4 2025, and $57.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 134.75 Bn | 139.31 Bn | 2.24 Bn | -6.26 Bn |
| 2 | Public Storage | 55.31 Bn | 55.27 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 30.66 Bn | 31.49 Bn | 617.72 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 11.49 Bn | 11.49 Bn | 193.10 Mn | 114.53 Mn |
| 5 | CubeSmart | 9.34 Bn | 9.36 Bn | 191.86 Mn | 168.70 Mn |
| 6 | Lineage | 9.30 Bn | 9.23 Bn | 417.00 Mn | 1.26 Bn |
| 7 | Rexford Industrial Realty | 8.22 Bn | 8.54 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.73 Bn | 7.81 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 7.56 Bn | 7.56 Bn | - | 73.75 Mn |
| 10 | SmartStop Self Storage REIT | 134.18 Mn | 196.75 Mn | 44.88 Mn | 63.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 35.50 Mn |