SmartStop Self Storage REIT (SMA) Operating Margin (2014 - 2026)

SmartStop Self Storage REIT (SMA) has reported Operating Margin for 13 consecutive years, with 22.55% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin rose 719.0% year-over-year to 22.55% in Q2 2026; TTM through Jun 2026 was 21.44%, a 348.0% decrease from a year earlier, with the FY2025 full-year figure at 21.02%, down 819.0% from the prior year.
• Operating Margin was 22.55% for Q2 2026 at SmartStop Self Storage REIT, up from 20.72% in the prior quarter.
• Over five years, Operating Margin peaked at 48.37% in Q2 2022 and troughed at 15.36% in Q2 2025.
• A 5-year average of 27.19% and a median of 28.52% in 2024 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin jumped 3196 bps in 2022 and slumped 1714 bps in 2023, its largest moves.
• Over 5 years, Operating Margin stood at 28.99% in 2022, then gained by 2 bps to 29.49% in 2023, then declined by 0 bps to 29.43% in 2024, then declined by 18 bps to 23.99% in 2025, then dropped by 6 bps to 22.55% in 2026.
• The last three Operating Margin figures came in at 22.55% (Q2 2026), 20.72% (Q1 2026), and 23.99% (Q4 2025), per Business Quant data.