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

SmartStop Self Storage REIT (SMA) has 13 years of Operating Margin data on file, last reported at 20.72% in Q1 2026.

• On a quarterly basis, Operating Margin fell 562.0% year-over-year to 20.72% in Q1 2026; TTM through Mar 2026 was 19.76%, a 896.0% decrease from a year earlier, with the FY2025 full-year figure at 21.02%, down 819.0% from the prior year.
• Operating Margin for Q1 2026 stood at 20.72%, down from 23.99% in the prior quarter.
• Over the last five years, Operating Margin for SMA reached as high as 48.37% in Q2 2022 and fell as low as 15.36% in Q2 2025.
• Historically, Operating Margin has averaged 27.46% across 5 years, with a median of 28.99% in 2022.
• Across the five-year window, Operating Margin soared 3196 bps in 2022 and tumbled 1714 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 28.99% in 2022, then increased by 2 bps to 29.49% in 2023, then slipped by 0 bps to 29.43% in 2024, then slipped by 18 bps to 23.99% in 2025, then fell by 14 bps to 20.72% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 20.72% in Q1 2026, 23.99% in Q4 2025, and 18.14% in Q3 2025.