SmartStop Self Storage REIT, Inc. (SMA) - Net Assets
Based on the latest financial reports, SmartStop Self Storage REIT, Inc. (SMA) has net assets worth $1.29 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.39 Billion) and total liabilities ($1.10 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. Check SmartStop Self Storage REIT, Inc. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.29 Billion |
| % of Total Assets | 53.91% |
| Annual Growth Rate | 7.79% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.54 |
SmartStop Self Storage REIT, Inc. - Net Assets Trend (2020–2024)
This chart illustrates how SmartStop Self Storage REIT, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore SmartStop Self Storage REIT, Inc. (SMA) total assets for the complete picture of this company's asset base.
Annual Net Assets for SmartStop Self Storage REIT, Inc. (2020–2024)
The table below shows the annual net assets of SmartStop Self Storage REIT, Inc. from 2020 to 2024. For live valuation and market cap data, see market cap of SmartStop Self Storage REIT, Inc..
| Year | Net Assets | Change |
|---|---|---|
| 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 26241095100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $62.14 Million | 10.64% |
| Other Comprehensive Income | $-1.71 Million | -0.29% |
| Other Components | $1.09 Billion | 186.87% |
| Total Equity | $584.10 Million | 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 |
|---|---|
|
Guangdong Hongtu Technology Holdings Co Ltd
SHE:002101
|
$973.16 Million |
|
Shenzhen Jiang and Associates Creative Design Co Ltd
SHE:300668
|
$973.96 Million |
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$974.10 Million |
|
Lushang Property Co Ltd
SHG:600223
|
$974.35 Million |
|
Guangxi Liuzhou Pharm Co Ltd
SHG:603368
|
$973.00 Million |
|
Vulcabras Azaleia S.A
SA:VULC3
|
$972.59 Million |
|
Suning Universal Co Ltd
SHE:000718
|
$972.50 Million |
|
Hbt Financial Inc
NASDAQ:HBT
|
$972.40 Million |
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 2023 to 2024, total equity changed from 671,973,000 to 584,096,000, a change of -87,877,000 (-13.1%).
- Net loss of 5,621,000 reduced equity.
- Dividend payments of 49,886,000 reduced retained earnings.
- Share repurchases of 33,845,000 reduced equity.
- Other comprehensive income decreased equity by 2,555,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.62 Million | -0.96% |
| Dividends Paid | $49.89 Million | -8.54% |
| Share Repurchases | $33.84 Million | -5.79% |
| Other Comprehensive Income | $-2.56 Million | -0.44% |
| Other Changes | $4.03 Million | +0.69% |
| Total Change | $- | -13.08% |
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: 5.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.28x to 5.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $7.33 | $31.34 | x |
| 2021-12-31 | $7.68 | $31.34 | x |
| 2022-12-31 | $8.04 | $31.34 | x |
| 2023-12-31 | $6.94 | $31.34 | x |
| 2024-12-31 | $6.05 | $31.34 | 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): -0.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.37%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.50x
- Recent ROE (-0.96%) is above the historical average (-1.98%), 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 |
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: $1,464,338,682
- Average return on equity (ROE) among peers: 3.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmartStop Self Storage REIT, Inc. (SMA) | $1.29 Billion | -10.14% | 0.85x | $973.11 Million |
| Americold Realty Trust (COLD) | $185.87 Million | -0.33% | 11.88x | $3.44 Billion |
| CubeSmart (CUBE) | $1.04 Billion | 0.18% | 1.07x | $9.12 Billion |
| EastGroup Properties Inc (EGP) | $358.24 Million | 6.59% | 0.96x | $10.01 Billion |
| Extra Space Storage Inc (EXR) | $2.94 Billion | 16.41% | 2.20x | $29.99 Billion |
| First Industrial Realty Trust Inc (FR) | $1.07 Billion | -0.69% | 1.49x | $7.81 Billion |
| Innovative Industrial Properties Inc (IIPR) | $1.96 Billion | 7.87% | 0.23x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $1.04 Billion | 11.53% | 0.84x | $375.26 Million |
| Lineage, Inc. Common Stock (LINE) | $4.54 Billion | -9.94% | 2.61x | $8.46 Billion |
| LXP Industrial Trust (LXP) | $1.51 Billion | 6.17% | 1.50x | $2.82 Billion |
| Modiv Inc (MDV) | $194.81K | -4.76% | 0.03x | $152.69 Million |
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 indirect subsidiary Argus Professional Storage Management, LLC, offers … Read more