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    SmartStop Self Storage REIT (SMA) Sets Its Dividend, Is The 9% Discount Enough?

    Simply Wall St·10/08/2026 12:39:58
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    SmartStop Self Storage REIT (SMA) has set its October monthly dividend at $0.13589041 per share, implying a targeted annual payout of $1.60. Shareholders of record on October 30 are scheduled to receive payment on November 13.

    SmartStop Self Storage REIT shares trade at US$32.81, with the stock posting a 6.66% year to date share price return while total shareholder return over the past 12 months is down 3.66%, suggesting recent momentum has improved but longer term performance has lagged. A 1 day share price decline of 0.97% follows a recent joint venture announcement in Canada, conference appearances, and the newly declared monthly dividend, which together indicate that investors may be reassessing both growth opportunities and the risk profile of the REIT.

    Compare SmartStop Self Storage REIT with a curated group of income-focused real estate plays by scanning the 8 dividend fortresses that combine sizable yields with more resilient payout profiles.

    SmartStop Self Storage REIT has lifted its income appeal and opened a new growth channel in Canada, yet the share price has barely moved. Is this the moment to lock in today’s yield, or is it better to wait for a cheaper entry?

    Most Popular Narrative: 9% Undervalued

    At a last close of $32.81, the most followed narrative for SmartStop Self Storage REIT points to a fair value of $36.10. This frames the current share price as a modest discount built on specific growth and margin assumptions.

    The Argus third party management acquisition nearly doubles the operating footprint, expands the data set for dynamic pricing and creates a captive pipeline of off market deals, which should support higher revenue growth and fee income as the platform scales.

    Growth of the managed REIT and DST programs, combined with bridge and preferred lending to owners, adds multiple recurring fee and interest income streams that require limited incremental capital, enhancing FFO and earnings resiliency across cycles.

    See why 1 investors see SmartStop Self Storage REIT as 9% undervalued.

    Result: Fair Value of $36.10 (UNDERVALUED)

    Still, the story can break if new self storage supply lingers longer than expected or if deeper concessions to defend occupancy squeeze SmartStop Self Storage REIT’s margins.

    Find out about the key risks to this SmartStop Self Storage REIT narrative.

    Another View: SmartStop Self Storage REIT Looks Expensive On Earnings

    While one narrative leans on fair value at $36.10, the current P/E of 64.6x for SmartStop Self Storage REIT tells a different story. The Specialized REITs group sits near 24x, and the fair ratio sits at 33.7x. That gap hints at valuation risk if sentiment cools.

    Before leaning on this comparison alone, it helps to see what the numbers imply for earnings power and pricing under different scenarios. This is unpacked further in the See what the numbers say about this price — find out in our valuation breakdown..

    Visualizing how SmartStop Self Storage REIT screens against peers on this metric can sharpen that context, especially if you are weighing valuation against income and growth trade offs. This is shown in the

    NYSE:SMA P/E Ratio as at Oct 2026
    NYSE:SMA P/E Ratio as at Oct 2026
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    Next Steps

    Mixed on SmartStop Self Storage REIT after all that? Act while the data is fresh in your mind and weigh both sides through the 3 key rewards and 2 important warning signs

    Looking for more investment ideas beyond SmartStop Self Storage REIT?

    Do not stop with SmartStop Self Storage REIT. Use the broader market as your hunting ground and let data driven filters surface candidates that fit your style.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.