REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 24, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

SmartStop Self Storage REIT, Inc. ($SMA)

Sector: Self-Storage  •  Exchange / CIK: NYSE / 0001585389  •  Properties: 150 Assets
Trading at a 8.3% discount to NAV
Safety Score: 92/100 (Very Safe)  |  Credit: BBB

Live Share Price

$35.64
52W Range: $29.41 - $37.97

Valuation Multiples

18.5x P/AFFO
P/FFO: 17.1x  |  FFO/sh: $2.08

Net Asset Value (NAV)

$38.85
Prem/Disc: -8.3%  |  Cap: 6.54%

Dividend Cash Flow

4.01% Yield
$1.43/yr (Quarterly)  |  Payout: 74.1%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 4.3x. Portfolio leased occupancy is 92.8% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.3575 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
SmartStop Self Storage REIT, Inc. Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 92.8% $5,827,500,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
1.2
High Beta (Aggressive Leverage)
Annualized Alpha (α)
-3.48%
Trailing VNQ
Sharpe Ratio (vs VNQ)
-0.07 vs 0.04
-0.11 Spread
Max Drawdown (1-Yr)
-19.0% vs -11.4%
-7.6% vs VNQ
SMA vs VNQ QuantStats Performance & Underwater Drawdown
Quantitative Risk & Return Metric SMA VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 1.2 1.00 +0.20 (High Beta (Aggressive Leverage))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 -3.48% 0.00% (Baseline) Trailing VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 -0.07 0.04 -0.11
Sortino Ratio
Downside semi-variance risk-adjusted return
 -0.08 0.03 -0.11
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 26.9% 13.9% +13.0% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -19.0% -11.4% -7.6% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 -1.1% 4.1% -5.2% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.38 Corr: 0.62 38% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 50.4% 51.6% -1.2% vs Benchmark
QuantStats Analytical Synthesis: SMA displays a Beta of 1.20 relative to VNQ with 0.38 R² correlation. Annualized volatility is 26.9% (13.0% higher than VNQ at 13.9%). Trailing 12-month Alpha stands at -3.48% (Trailing VNQ) with a Sharpe ratio of -0.07 against 0.04 for VNQ, and a maximum drawdown of -19.0%.
SEC CIK: 0001585389  |  Principal Executive Officer: Executive Leadership / SmartStop Corp  |  Total PEO Compensation: Reported in DEF 14A (N/A)
Official SEC Accession: 0001585389-26-000001
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.