Smartstop Self Storage Reit Inc - Understand $stsff stock

$STSFF Market Cap: $940.3 Million

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Financial Snapshot

Revenue

$233.9M

TTM

Gross Margin

68.78%

TTM

Net Earnings

-$6.943M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$1.937B

Q3 2024

Total Liabilities

$1.251B

Q3 2024

Book Value

$686.4M

Q3 2024

Cash

$36.70M

Q3 2024

P/E

-135.4

Nov 11, 2024 EST

Free Cash Flow

$17.02M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$233.0M	$212.6M	$168.8M	$124.0M	$109.5M	$80.41M	$76.11M	$45.43M	$17.91M
YoY Change	9.57%	26.0%	36.07%	13.23%	36.21%	5.65%	67.53%	153.72%	3747.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$233.0M	$212.6M	$168.8M	$124.0M	$109.5M	$80.41M	$76.11M	$45.43M	$17.91M
Cost Of Revenue	$69.69M	$61.15M	$53.90M	$46.90M	$48.30M	$35.50M	$35.10M	$15.98M	$6.754M
Gross Profit	$163.3M	$151.5M	$114.9M	$77.10M	$61.20M	$44.90M	$41.00M	$29.45M	$11.15M
Gross Profit Margin	70.09%	71.24%	68.08%	62.17%	55.88%	55.84%	53.87%	64.83%	62.28%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$32.25M	$32.65M	$23.30M	$16.50M	$12.00M	$4.800M	$3.500M	$2.900M	$1.600M
YoY Change	-1.23%	40.15%	41.21%	37.5%	150.0%	37.14%	20.69%	81.25%
% of Gross Profit	19.75%	21.55%	20.28%	21.4%	19.61%	10.69%	8.54%	9.85%	14.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$53.64M	$49.42M	$40.95M	$32.29M	$29.61M	$20.38M	$19.94M	$11.21M	$3.968M
YoY Change	8.54%	20.69%	26.79%	9.08%	45.27%	2.21%	77.82%	182.6%	1443.82%
% of Gross Profit	32.85%	32.62%	35.64%	41.89%	48.37%	45.39%	48.63%	38.07%	35.58%
Operating Expenses	$92.48M	$98.79M	$89.20M	$56.10M	$53.40M	$27.70M	$36.90M	$24.90M	$10.70M
YoY Change	-6.38%	10.75%	59.0%	5.06%	92.78%	-24.93%	48.19%	132.71%	293.06%
Operating Profit	$70.62M	$65.87M	$16.51M	-$21.14M	$11.59M	$16.15M	$3.575M	-$14.91M	-$5.077M
YoY Change	7.22%	299.02%	-178.09%	-282.43%	-28.25%	351.77%	-123.98%	193.69%	124.95%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$61.80M	$41.51M	$31.82M	$32.60M	$37.56M	$18.00M	$16.36M	$7.445M	$2.908M
YoY Change	48.88%	30.47%	-2.39%	-13.22%	108.66%	10.06%	119.69%	156.01%	2387.32%
% of Operating Profit	87.51%	63.02%	192.75%		324.16%	111.46%	457.51%
Other Income/Expense, Net	$3.129M	-$848.8K	-$244.1K	$5.987M	-$625.0K	-$701.2K	-$367.4K	-$286.4K	-$32.43K
YoY Change	-468.62%	247.76%	-104.08%	-1057.94%	-10.87%	90.86%	28.26%	783.25%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$9.051M	$21.11M	-$19.60M	-$51.20M	-$25.10M	-$3.700M	-$15.00M	-$26.10M	-$8.900M
YoY Change	-57.13%	-207.73%	-61.72%	103.98%	578.38%	-75.33%	-42.53%	193.26%
Income Tax	-$2.596M	-$554.8K	-$1.811M	-$5.826M
% Of Pretax Income	-28.68%	-2.63%
Net Earnings	$11.65M	$21.67M	-$19.56M	-$51.21M	-$25.10M	-$3.721M	-$14.99M	-$26.10M	-$8.938M
YoY Change	-46.25%	-210.76%	-61.79%	104.05%	574.48%	-75.17%	-42.59%	192.07%	272.96%
Net Earnings / Revenue	5.0%	10.19%	-11.59%	-41.29%	-22.91%	-4.63%	-19.69%	-57.46%	-49.91%
Basic Earnings Per Share	-$0.03	$0.07	-$0.37	-$0.91
Diluted Earnings Per Share	-$0.03	$0.07	-$0.37	-$0.91	-$0.42	-$0.06	-$0.27	-$0.65	-$2.56

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$45.08M	$39.49M	$37.30M	$72.70M	$62.30M	$10.30M	$7.400M	$15.00M	$28.10M
YoY Change	14.16%	5.86%	-48.69%	16.69%	504.85%	39.19%	-50.67%	-46.62%
Cash & Equivalents	$45.08M	$39.49M	$37.30M	$72.70M	$62.30M	$10.30M	$7.400M	$15.00M	$28.10M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$45.08M	$39.49M	$37.30M	$72.70M	$62.30M	$10.30M	$7.400M	$15.00M	$28.10M
YoY Change	14.16%	5.86%	-48.69%	16.69%	504.85%	39.19%	-50.67%	-46.62%
Property, Plant & Equipment	$1.675B	$1.689B	$1.440B	$1.096B	$1.102B	$766.2M	$795.1M	$714.3M	$152.9M
YoY Change	-0.84%	17.33%	31.34%	-0.58%	43.88%	-3.63%	11.31%	367.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$70.22M	$90.89M	$31.30M	$15.60M	$6.100M
YoY Change	-22.74%	190.39%	100.64%	155.74%
Other Assets	$12.80M	$6.552M	$7.400M	$8.000M	$6.300M	$3.700M	$4.500M	$3.000M	$400.0K
YoY Change	95.33%	-11.46%	-7.5%	26.98%	70.27%	-17.78%	50.0%	650.0%
Total Long-Term Assets	$1.851B	$1.908B	$1.581B	$1.210B	$1.249B	$786.1M	$810.1M	$737.6M	$165.3M
YoY Change	-3.0%	20.67%	30.72%	-3.17%	58.9%	-2.96%	9.83%	346.22%
Total Assets	$1.896B	$1.947B	$1.618B	$1.282B	$1.311B	$796.4M	$817.5M	$752.6M	$193.4M
YoY Change
Accounts Payable	$28.98M	$28.15M	$22.70M	$23.00M	$18.60M	$7.700M	$7.500M	$4.600M	$2.100M
YoY Change	2.93%	24.02%	-1.3%	23.66%	141.56%	2.67%	63.04%	119.05%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$38.55M	$37.89M	$31.60M	$30.30M	$25.40M	$12.80M	$13.30M	$10.40M	$3.300M
YoY Change	1.75%	19.89%	4.29%	19.29%	98.44%	-3.76%	27.88%	215.15%
Long-Term Debt	$1.087B	$1.068B	$873.9M	$718.0M	$712.7M	$406.1M	$396.8M	$320.8M	$23.00M
YoY Change	1.78%	22.25%	21.71%	0.74%	75.5%	2.34%	23.69%	1294.78%
Other Long-Term Liabilities		$0.00	$30.00M	$28.60M	$31.10M
YoY Change		-100.0%	4.9%	-8.04%
Total Long-Term Liabilities	$1.087B	$1.068B	$903.9M	$746.6M	$743.8M	$406.1M	$396.8M	$320.8M	$23.00M
YoY Change	1.78%	18.2%	21.07%	0.38%	83.16%	2.34%	23.69%	1294.78%
Total Liabilities	$1.224B	$1.207B	$1.008B	$845.3M	$847.8M	$418.8M	$414.5M	$331.2M	$26.30M
YoY Change	1.39%	19.75%	19.24%	-0.29%	102.44%	1.04%	25.15%	1159.32%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2022	2021	2020
Basic Shares Outstanding	91.94M	79.44M	59.62M
Diluted Shares Outstanding	92.06M	79.44M	59.62M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $940.29 Million

About Smartstop Self Storage Reit Inc

SmartStop Self Storage REIT, Inc. engages in the business of investing in self-storage facilities. The company is headquartered in Ladera Ranch, California and currently employs 500 full-time employees. The company went IPO on 2020-10-27. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage program. SmartStop owns or manages portfolio of approximately 196 operating properties in 22 states and Canada, comprising approximately 138,100 units and 15.6 million rentable square feet. SmartStop and its affiliates own or manage approximately 34 operating self-storage properties in Canada, which total approximately 29,700 units and 3.0 million rentable square feet. Its segments include self-storage operations and Managed REIT Platform business. The company focuses on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.

Industry: Real Estate Investment Trusts Peers: Global Self Storage Inc CubeSmart Extra Space Storage Inc National Storage Affiliates Trust Public Storage