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Investing.com - Stifel maintained its Buy rating and $40.00 price target on SmartStop Self Storage (NYSE:SMA) following meetings with the company’s management team. Currently trading at $31.28 with a market cap of $1.76 billion, SMA has a strong analyst consensus rating of 1.36, with price targets ranging from $35 to $43.
The firm highlighted SmartStop’s differentiated market position, particularly its exposure to the Greater Toronto Area, which sets it apart from other self-storage companies.
Stifel noted that SmartStop has remained active since its April IPO, pursuing acquisitions and engaging in capital markets activity while successfully reducing its balance sheet leverage.
The research firm emphasized that SmartStop has multiple growth drivers, including its owned portfolio, managed REIT business, third-party management operations, and its joint venture with SmartCentres. The company has demonstrated solid revenue growth of 13.05% over the last twelve months and offers a 5.05% dividend yield.
Despite broader weakness across the U.S. storage market, Stifel observed that SmartStop continues to "dramatically outperform its peers" and considers the stock undervalued at its current trading level, which implies a 6.8% capitalization rate. InvestingPro data supports this view, with the RSI suggesting the stock is in oversold territory and the Fair Value model indicating SMA is currently undervalued. Discover more insights with InvestingPro, which offers additional ProTips and a comprehensive Pro Research Report on SmartStop among 1,400+ US equities.
In other recent news, SmartStop Self Storage REIT Inc. disclosed its third-quarter 2025 earnings, which did not meet analyst expectations. The company reported an adjusted funds from operations per share of $0.47, missing estimates by 2 cents. Additionally, SmartStop Self Storage achieved a same-store revenue growth of 2.5% and a same-store net operating income growth of 1.5%. In its latest operating metrics, the company noted that physical occupancy for its same-store facilities was 92.5% as of October 31, 2025, slightly higher than the 92.3% reported on the same date in 2024. However, the monthly web rates decreased to $0.94 from $1.09 the previous year, and monthly move-in rates dropped to $0.85 from $1.04. Monthly in-place rates remained steady at $1.64 over the same period. These developments provide insights into the recent performance and operational metrics of SmartStop Self Storage.
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