Self Storage Rental Revenue was SmartStop Self Storage REIT’s largest product and service line in fiscal 2025, bringing in $238.50M of $281.14M (85%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Self Storage Rental Revenue | $191.75M | $206.49M | $209.58M | $238.50M | |||||
| Total Revenues | — | — | — | — | |||||
| Managed Platform Revenue | — | $11.91M | $11.38M | $19.17M | |||||
| Reimbursable Costs From Managed Platform | — | $5.77M | $6.65M | $12.46M | |||||
| Ancillary Operating Revenue | $8.45M | $8.83M | $9.40M | $11.01M | |||||
| Managed Reit Platform Revenue | $7.82M | — | — | — | |||||
| Reimbursable Costs From Managed Reits | $4.63M | — | — | — | |||||
| Total | $212.64M | $232.99M | $237.01M | $281.14M |
SmartStop Self Storage REIT brought in $281.14M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 18.6% from $237.01M in fiscal 2024. Self Storage Rental Revenue was the largest at $238.50M (84.8%), ahead of Managed Platform Revenue at $19.17M (6.8%) and Reimbursable Costs From Managed Platform at $12.46M (4.4%). The remaining line, Ancillary Operating Revenue, brought in $11.01M.
Compared with fiscal 2024, Reimbursable Costs From Managed Platform grew fastest, up 87.5% to $12.46M. Every line above 2% of revenue grew.
SmartStop Self Storage REIT began breaking out Managed Platform Revenue in fiscal 2023 and Reimbursable Costs From Managed Platform in fiscal 2023. SmartStop Self Storage REIT stopped reporting Managed Reit Platform Revenue ($7.82M in fiscal 2022) and Reimbursable Costs From Managed Reits ($4.63M in fiscal 2022) as separate lines.
Self Storage was SmartStop Self Storage REIT’s largest segment in fiscal 2025, bringing in $249.52M of $268.68M (93%).
| Segment | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Self Storage | $200.20M | $215.32M | $218.98M | $249.52M | |||
| Total Revenues | — | — | — | — | |||
| Managed Platform | — | $11.91M | $11.38M | $19.17M | |||
| Managed Reit Platform | $7.82M | — | — | — | |||
| Total | $208.02M | $227.23M | $230.36M | $268.68M |
SmartStop Self Storage REIT brought in $268.68M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 16.6% from $230.36M in fiscal 2024. Self Storage was the largest at $249.52M (92.9%), ahead of Managed Platform at $19.17M (7.1%).
Compared with fiscal 2024, Managed Platform grew 68.4% to $19.17M and Self Storage grew 13.9% to $249.52M.
SmartStop Self Storage REIT began breaking out Managed Platform in fiscal 2023, when it brought in $11.91M. SmartStop Self Storage REIT stopped reporting Managed Reit Platform as a separate segment after fiscal 2022, when it brought in $7.82M.
SmartStop Self Storage REIT (SMA) reports its revenue by product and service and by segment. In fiscal 2025, Self Storage Rental Revenue was its largest product and service line, bringing in $238.50M (84.8% of the total), followed by Managed Platform Revenue at $19.17M (6.8%).
Self Storage Rental Revenue was SmartStop Self Storage REIT's largest product and service line in fiscal 2025, bringing in $238.50M, or 84.8% of the $281.14M total across its four product and service lines.
Self Storage was SmartStop Self Storage REIT's largest segment in fiscal 2025, bringing in $249.52M, or 92.9% of the $268.68M total across its two segments.
Among SmartStop Self Storage REIT's product and service lines that make up at least 2% of revenue, Reimbursable Costs From Managed Platform grew fastest in fiscal 2025, up 87.5% from $6.65M to $12.46M.
Every figure comes from SmartStop Self Storage REIT's annual financial filings, as reported. Each line keeps the name SmartStop Self Storage REIT gives it, and years follow its fiscal calendar.
SmartStop Self Storage REIT's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.