SMA (Smartstop Self Storage REIT) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 40% Above Median


SMA Smartstop Self Storage REIT Inc SMA
40 GF Score
Price $33.44
! 6 Warning Signs
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What is Smartstop Self Storage REIT Piotroski F-Score?

Smartstop Self Storage REIT SMA +2.01% 40 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates SMA with a GF Score™ of 40/100. The stock has 6 warning signs investors should review. Among 888 REITs companies, Smartstop Self Storage REIT ranks better than 92.23% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Smartstop Self Storage REIT has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Smartstop Self Storage REIT's Piotroski F-Score or its related term are showing as below:

SMA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 7

During the past 8 years, the highest Piotroski F-Score of Smartstop Self Storage REIT was 7. The lowest was 4. And the median was 5.

Smartstop Self Storage REIT  (NYSE:SMA) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Smartstop Self Storage REIT Piotroski F-Score Related Terms


Smartstop Self Storage REIT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Smartstop Self Storage REIT's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Smartstop Self Storage REIT Piotroski F-Score Chart

Smartstop Self Storage REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 5.00 6.00 4.00 6.00

Smartstop Self Storage REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 5.00 6.00 7.00

SMA vs IIPR, ILPT, LXP: Piotroski F-Score Comparison

For the REIT - Industrial subindustry, Smartstop Self Storage REIT's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Smartstop Self Storage REIT Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Smartstop Self Storage REIT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Smartstop Self Storage REIT's Piotroski F-Score falls into.


SMA
40GF Score
Smartstop Self Storage REIT Inc SMA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -4.603 + 5.227 + 2.782 + 9.576 = $13.0 Mil.
Cash Flow from Operations was 8.005 + 52.058 + 14.356 + 24.237 = $98.7 Mil.
Revenue was 66.816 + 70.429 + 78.446 + 78.31 = $294.0 Mil.
Gross Profit was 39.62 + 42.869 + 48.001 + 44.882 = $175.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2114.401 + 2302.67 + 2391.279 + 2432.172 + 2421.403) / 5 = $2332.385 Mil.
Total Assets at the begining of this year (Mar25) was $2,114.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1,093.1 Mil.
Total Current Assets was $43.9 Mil.
Total Current Liabilities was $53.1 Mil.
Net Income was -0.713 + -3.078 + -0.291 + -4.953 = $-9.0 Mil.

Revenue was 59.163 + 60.157 + 60.644 + 65.449 = $245.4 Mil.
Gross Profit was 39.311 + 38.999 + 40.228 + 41.985 = $160.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1886.397 + 1877.585 + 1937.206 + 2042.067 + 2114.401) / 5 = $1971.5312 Mil.
Total Assets at the begining of last year (Mar24) was $1,886.4 Mil.
Long-Term Debt & Capital Lease Obligation was $1,406.3 Mil.
Total Current Assets was $39.9 Mil.
Total Current Liabilities was $52.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Smartstop Self Storage REIT's current Net Income (TTM) was 13.0. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Smartstop Self Storage REIT's current Cash Flow from Operations (TTM) was 98.7. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=12.982/2114.401
=0.0061398

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-9.035/1886.397
=-0.00478955

Smartstop Self Storage REIT's return on assets of this year was 0.0061398. Smartstop Self Storage REIT's return on assets of last year was -0.00478955. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Smartstop Self Storage REIT's current Net Income (TTM) was 13.0. Smartstop Self Storage REIT's current Cash Flow from Operations (TTM) was 98.7. ==> 98.7 > 13.0 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1093.096/2332.385
=0.46866019

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1406.263/1971.5312
=0.71328468

Smartstop Self Storage REIT's gearing of this year was 0.46866019. Smartstop Self Storage REIT's gearing of last year was 0.71328468. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=43.856/53.127
=0.82549363

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=39.885/52.081
=0.76582631

Smartstop Self Storage REIT's current ratio of this year was 0.82549363. Smartstop Self Storage REIT's current ratio of last year was 0.76582631. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Smartstop Self Storage REIT's number of shares in issue this year was 55.274. Smartstop Self Storage REIT's number of shares in issue last year was 24.019. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=175.372/294.001
=0.59650137

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=160.523/245.413
=0.6540933

Smartstop Self Storage REIT's gross margin of this year was 0.59650137. Smartstop Self Storage REIT's gross margin of last year was 0.6540933. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=294.001/2114.401
=0.13904695

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=245.413/1886.397
=0.13009616

Smartstop Self Storage REIT's asset turnover of this year was 0.13904695. Smartstop Self Storage REIT's asset turnover of last year was 0.13009616. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+0+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Smartstop Self Storage REIT has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Smartstop Self Storage REIT (SMA) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smartstop Self Storage REIT and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Smartstop Self Storage REIT's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Smartstop Self Storage REIT ranks #69 out of 888 companies in the REITs industry, placing it in the top 7.8%.
Is Smartstop Self Storage REIT's Piotroski F-Score too high?
Smartstop Self Storage REIT's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Smartstop Self Storage REIT's value of 7 is 16.7% above this industry median. Based on the distribution chart, Smartstop Self Storage REIT ranks #69 out of 888 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Smartstop Self Storage REIT has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Smartstop Self Storage REIT's Piotroski F-Score compare to IIPR and ILPT?
According to the REITs industry distribution chart, Smartstop Self Storage REIT ranks #69 out of 888 companies for Piotroski F-Score. This places Smartstop Self Storage REIT in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Smartstop Self Storage REIT's value of 7 is 16.7% above this benchmark. Historically, Smartstop Self Storage REIT's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Smartstop Self Storage REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Smartstop Self Storage REIT's current Piotroski F-Score of 7 is 16.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smartstop Self Storage REIT and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartstop Self Storage REIT's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartstop Self Storage REIT stock overvalued right now?
Smartstop Self Storage REIT (SMA) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 16.7% above the REITs industry median of 6.00. Smartstop Self Storage REIT's overall GF Score™ is 40/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Smartstop Self Storage REIT (SMA), the current Piotroski F-Score is 7 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Smartstop Self Storage REIT Business Description

Industry Real EstateREITs
Address 10 Terrace Road, Ladera Ranch, CA, USA, 92694
Smartstop Self Storage REIT Inc operates as a real estate investment trust. The trust owns, acquires, and operates self-storage properties. It operates in two segments, namely, self-storage operations, which generate key revenue, and the managed REIT platform business. The investment objective is to focus on investing in self-storage facilities and related self-storage real estate investments that are expected to support sustainable stockholder distributions over the long term.
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