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
DateValue
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