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RAHWAY, N.J. - SmartStop Self Storage REIT, Inc. (NYSE:SMA), currently trading near its 52-week high at $36.80, announced the acquisition of a Class A self-storage facility in Rahway, New Jersey, according to a press release statement. According to InvestingPro analysis, the company’s stock is currently fairly valued based on its Fair Value model.
The four-story property encompasses approximately 53,450 net rentable square feet and offers around 550 climate-controlled storage units and 11 RV parking units. Located at 2255 Elizabeth Avenue, the facility sits 20 miles from Manhattan and five miles from Staten Island.
The property features visibility from Elizabeth Avenue and exposure along NJ TRANSIT’s Northeast Corridor and North Jersey Coast Line railways, which serve nearly 100,000 average weekday passengers. The surrounding area is projected to experience 2.4% population growth over the next five years.
"The combination of Class A construction, its close proximity to the dense Rahway residential community, and visibility from the regional rail line makes this facility an ideal fit for our strategy," said Wayne Johnson, President and Chief Investment Officer of SmartStop.
The facility will serve multiple neighborhoods including Clark, Port Reading, Iselin, Carteret, Woodbridge, Cranford, Linden, and Colonia.
SmartStop Self Storage REIT is a self-managed real estate investment trust that owns or manages 236 operating properties across 23 states, the District of Columbia, and Canada. The company’s portfolio comprises approximately 170,500 units and 19.1 million rentable square feet, including 49 operating self-storage properties in Canada. With a market capitalization of $1.4 billion and an attractive dividend yield of 4.35%, SmartStop offers investors exposure to the growing self-storage sector. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, SmartStop Self Storage reported its second-quarter earnings for 2025, revealing an adjusted funds from operations per share of $0.42. The company posted a net loss of $0.16 per share, which did not meet analysts’ expectations, while revenue for the quarter was $66.82 million. Truist Securities raised its price target for SmartStop Self Storage to $39.00, maintaining a Buy rating. Meanwhile, Raymond James reiterated its Strong Buy rating with a $42.00 price target, expressing confidence in the company’s value creation strategy after investor meetings. SmartStop executives also showcased their proprietary AI pricing technology at the Ai4 2025 conference in Las Vegas. The company was the sole representative from the self-storage sector at this major artificial intelligence event. These developments reflect ongoing activities and assessments surrounding SmartStop Self Storage.
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