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LADERA RANCH, Calif. - SmartStop Self Storage REIT, Inc. (NYSE:SMA), an internally managed real estate investment trust (REIT) focused on self-storage facilities, is set to join the Russell 3000 Index. The inclusion, effective after the close of the market on June 27, 2025, comes on the heels of the company’s April 2025 debut on the New York Stock Exchange. The company, currently valued at $1.4 billion, has been trading near its 52-week high of $37.74, according to InvestingPro data.
The Russell 3000 Index is a market-capitalization-weighted equity index that tracks the performance of the 3,000 largest U.S.-listed stocks. SmartStop’s entry into the index is indicative of the company’s market capitalization, which will also determine its placement in either the Russell 1000 or Russell 2000 subindexes.
H. Michael Schwartz, Chairman and CEO of SmartStop, commented on the milestone, stating that the inclusion reflects the company’s growth and the scale of its operational platform. He expressed the belief that this development will enhance SmartStop’s visibility among institutional investors and support the company’s ongoing growth strategy.
SmartStop, a self-managed REIT, operates with a workforce of approximately 590 professionals dedicated to expanding the SmartStop Self Storage brand. Including its indirect subsidiary SmartStop REIT Advisors, LLC, the company also sponsors additional self-storage programs. As of today, SmartStop’s owned or managed portfolio consists of 221 properties across the United States and Canada, totaling about 157,600 units and 17.7 million rentable square feet. InvestingPro analysis shows the company generating $235.8 million in revenue with a 5.34% growth rate, though current metrics indicate the stock is trading above its Fair Value. For deeper insights, investors can access the comprehensive Pro Research Report, which provides detailed analysis of SMA’s financials and growth prospects. In Canada alone, SmartStop and its affiliates manage 41 self-storage properties, encompassing roughly 34,400 units and 3.5 million rentable square feet.
The company’s addition to the Russell 3000 Index is based on a press release statement and marks a significant step for SmartStop as it continues to execute its growth initiatives in the self-storage sector. While currently operating at a loss with an EPS of -$0.24, InvestingPro analysis reveals that analysts expect the company to turn profitable this year, with additional ProTips available for subscribers regarding the company’s financial health and growth prospects.
In other recent news, SmartStop Self Storage REIT Inc. reported its Q1 2025 earnings, revealing a 3.2% increase in same-store revenue and a 2.3% rise in net operating income. The company achieved an ending occupancy rate of 93%, despite reporting a negative earnings per share of -$0.35, which fell short of market expectations. However, SmartStop’s revenue of $65.45 million indicates a stable financial position. The company also acquired three properties for $82.5 million during the quarter, signaling continued investment in growth. Analysts from BMO Capital Markets and KeyBanc Capital Markets provided insights during the earnings call, discussing future acquisition strategies and the potential for increased margins through clustering in key markets. SmartStop’s full-year guidance projects funds from operations (FFO) per share between $1.84 and $1.92, with anticipated same-store revenue growth of 1.5% to 3.5%. The company remains focused on technology-driven initiatives, which are expected to enhance operational efficiencies and support future growth.
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