SMASmartStop Self Storage REIT, Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, comfortable debt (A), and typical volatility.
Insiders were net sellers (-$77K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -22% · now 12% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can SMA take a bad year?
SmartStop Self Storage REIT, Inc. carries $1.09B of net debt at 7.84× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 7.84×
Net debt / EBITDA · 7.43× a year ago · the load is going up
- Cash runway
- 1.9 years
Cash runway · burning $5.1M a quarter at the current rate
- Annualised volatility
- 26%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $1.12B
- Cash and short-term investments
- $38M
- Net debt
- $1.09B
- EBITDA, trailing twelve months
- $139M
- Operating profit, trailing twelve months
- $66M
- Debt / equity
- 0.97×
- Total debt / EBITDA
- 8.12×
- Annualised volatilitytwo years of daily moves
- 26%
- Worst drawdown on file
- −22%
- Below its 52-week high
- 12%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Industrial
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