SmartStop Self Storage REIT

SMA · NYSE

$34.59+$0.97 (+2.89%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $33.62

SMA analyst rating

BuyConsensus of 12 analysts over the last 12 months. 67% rate it a buy.

Strong buy2
Buy6
Hold3
Underperform1
Sell0

12-month price target · 11 analysts

Average $38.19 (+10.4% upside)

Low: $35.35
Now: $34.59
High: $42.00

Upgrades and downgrades

The latest rating actions, newest first

SMA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Oct 2, 2026	Downgrade	Buy → Hold	$36.00 → $33.00	54%
Baird	Oct 2, 2026	Maintains	Outperform	$37.00 → $36.00	38%
JP Morgan	Sep 21, 2026	Maintains	Underweight	$33.00 → $34.00	53%
Wells Fargo	Sep 1, 2026	Maintains	Equal-Weight	$33.00 → $35.00	43%
BMO Capital	Aug 27, 2026	Downgrade	Outperform → Market Perform	$38.00	56%
Baird	Aug 10, 2026	Maintains	Outperform	$36.00 → $37.00	38%
Wells Fargo	Jul 24, 2026	Maintains	Equal-Weight	$32.00 → $33.00	43%
Raymond James	Jul 16, 2026	Initiates	Strong Buy	$39.00	39%
Wells Fargo	Jun 1, 2026	Maintains	Equal-Weight	$30.00 → $32.00	43%
Wells Fargo	Apr 16, 2026	Maintains	Equal-Weight	$33.00 → $30.00	43%

The case for and against

Updated Feb 9, 2026

Bull case

Smartstop Self Storage REIT Inc is positioned for sustainable financial growth, with projected year-over-year increases of 2.3% in self-storage revenue (SSREV) for the third quarter of 2025 and 2.8% for the fourth quarter, alongside consistent expense growth of 4.5% in both quarters. The forecasted growth in same-store net operating income (SSNOI) is also positive, estimating a rise of 1.2% in Q3 and 2.0% in Q4 of 2025. Furthermore, the outlook anticipates significant adjusted funds from operations (FFO) per share growth, with estimates of 12.3% for 2025 and 16.3% for 2026, supported by potential margin enhancements as the company's operational platform matures.

Bear case

Smartstop Self Storage faces a negative outlook driven by several fundamental risks, including potential lower same-store results and a reduced capability to execute acquisitions due to challenges in lowering the cost of capital. The trust's reliance on managed REIT fees presents volatility risks, further compounded by macroeconomic uncertainties that could affect credit markets and overall market conditions. Additionally, constraints on capital access may hinder growth opportunities, while heightened competition for customer acquisition, particularly through digital platforms, adds pressure to maintain visibility and demand.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.