SmartStop Self Storage REIT, Inc. (SMA) - Net Assets
Based on the latest financial reports, SmartStop Self Storage REIT, Inc. (SMA) has net assets worth $1.27 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.42 Billion) and total liabilities ($1.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore balance sheet size of SmartStop Self Storage REIT, Inc. for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.27 Billion |
| % of Total Assets | 52.39% |
| Annual Growth Rate | 20.83% |
| 5-Year Change | 89.6% |
| 10-Year Change | N/A |
| Growth Volatility | 37.26 |
SmartStop Self Storage REIT, Inc. - Net Assets Trend (2020–2025)
This chart illustrates how SmartStop Self Storage REIT, Inc.'s net assets have evolved over time, based on quarterly financial data. Check SmartStop Self Storage REIT, Inc. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for SmartStop Self Storage REIT, Inc. (2020–2025)
The table below shows the annual net assets of SmartStop Self Storage REIT, Inc. from 2020 to 2025. For live valuation and market cap data, see SmartStop Self Storage REIT, Inc. (SMA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.28 Billion | +90.76% |
| 2024-12-31 | $670.95 Million | -12.12% |
| 2023-12-31 | $763.50 Million | -8.54% |
| 2022-12-31 | $834.75 Million | +23.65% |
| 2021-12-31 | $675.07 Million | +35.85% |
| 2020-12-31 | $496.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SmartStop Self Storage REIT, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 35217395100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $55.00K | 0.00% |
| Other Comprehensive Income | $733.00K | 0.06% |
| Other Components | $1.84 Billion | 155.64% |
| Total Equity | $1.18 Billion | 100.00% |
SmartStop Self Storage REIT, Inc. Competitors by Market Cap
The table below lists competitors of SmartStop Self Storage REIT, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enerpac Tool Group Corp
NYSE:EPAC
|
$1.80 Billion |
|
Outokumpu Oyj
HE:OUT1V
|
$1.80 Billion |
|
Westone Information Industry Inc
SHE:002268
|
$1.80 Billion |
|
Shandong Dawn Polymer Co Ltd
SHE:002838
|
$1.80 Billion |
|
Amara Raja Batteries Limited
NSE:ARE&M
|
$1.80 Billion |
|
Ral Yatirim Holding AS
IS:RALYH
|
$1.80 Billion |
|
Greatek Electronics Inc
TW:2441
|
$1.80 Billion |
|
Hangzhou Shunwang Tech
SHE:300113
|
$1.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SmartStop Self Storage REIT, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 584,096,000 to 1,180,410,000, a change of 596,314,000 (102.1%).
- Net loss of 1,547,000 reduced equity.
- Dividend payments of 81,799,000 reduced retained earnings.
- Share repurchases of 200,290,000 reduced equity.
- New share issuances of 931,500,000 increased equity.
- Other comprehensive income increased equity by 2,441,000.
- Other factors decreased equity by 53,991,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.55 Million | -0.13% |
| Dividends Paid | $81.80 Million | -6.93% |
| Share Repurchases | $200.29 Million | -16.97% |
| Share Issuances | $931.50 Million | +78.91% |
| Other Comprehensive Income | $2.44 Million | +0.21% |
| Other Changes | $-53.99 Million | -4.57% |
| Total Change | $- | 102.09% |
Book Value vs Market Value Analysis
This analysis compares SmartStop Self Storage REIT, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.58x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $7.33 | $33.54 | x |
| 2021-12-31 | $7.68 | $33.54 | x |
| 2022-12-31 | $8.04 | $33.54 | x |
| 2023-12-31 | $6.94 | $33.54 | x |
| 2024-12-31 | $6.05 | $33.54 | x |
| 2025-12-31 | $24.96 | $33.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SmartStop Self Storage REIT, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.55%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.06x
- Recent ROE (-0.13%) is above the historical average (-1.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -10.14% | -35.72% | 0.10x | 2.93x | $-88.00 Million |
| 2021 | -2.77% | -10.01% | 0.10x | 2.65x | $-77.94 Million |
| 2022 | 2.54% | 9.12% | 0.11x | 2.63x | $-55.21 Million |
| 2023 | 1.45% | 4.19% | 0.12x | 2.82x | $-57.44 Million |
| 2024 | -0.96% | -2.37% | 0.12x | 3.50x | $-64.03 Million |
| 2025 | -0.13% | -0.55% | 0.12x | 2.06x | $-119.59 Million |
Industry Comparison
This section compares SmartStop Self Storage REIT, Inc.'s net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $2,105,392,400
- Average return on equity (ROE) among peers: 6.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmartStop Self Storage REIT, Inc. (SMA) | $1.27 Billion | -10.14% | 0.91x | $1.80 Billion |
| Americold Realty Trust (COLD) | $3.79 Billion | 0.65% | 1.06x | $4.02 Billion |
| CubeSmart (CUBE) | $2.09 Billion | 7.92% | 1.29x | $9.16 Billion |
| EastGroup Properties Inc (EGP) | $1.27 Billion | 8.53% | 1.14x | $10.96 Billion |
| Extra Space Storage Inc (EXR) | $939.07 Million | 2.80% | 1.39x | $31.28 Billion |
| First Industrial Realty Trust Inc (FR) | $316.20 Million | 3.00% | 1.19x | $8.55 Billion |
| Granite Real Estate Investment Trust (GRTUF) | $5.32 Billion | 24.62% | 0.61x | $4.16 Billion |
| Innovative Industrial Properties Inc (IIPR) | $548.01 Million | 4.28% | 0.36x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $562.21 Million | 14.25% | 1.51x | $543.32 Million |
| Lineage, Inc. Common Stock (LINE) | $6.11 Billion | -1.03% | 2.04x | $9.67 Billion |
| LXP Industrial Trust (LXP) | $107.60 Million | 4.18% | 1.07x | $3.10 Billion |
About SmartStop Self Storage REIT, Inc.
SmartStop Self Storage REIT, Inc. is a self-managed REIT. With a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. … Read more