Is it safe?
Can SMA take a bad year?
SmartStop Self Storage REIT, Inc. carries $1.10T of net debt at 8465× EBITDA: a heavy load to carry through a bad year.
$1.10T
Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 8465×
Net debt / EBITDA · 10.6× a year ago · the load is going up
- Cash runway
- 0.3 years
Cash runway · burning $31M a quarter at the current rate
- Annualised volatility
- 26%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ1 2026
- $1.10T
- Cash and short-term investments
- $38M
- Net debt
- $1.10T
- EBITDA, trailing twelve months
- $130M
- Operating profit, trailing twelve months
- $58M
- Debt / equity
- 941×
- Total debt / EBITDA
- 8465×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −22%
- Below its 52-week high
- −9.7%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.