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STSFF (Smartstop Self Storage REIT) Piotroski F-Score : 4 (As of Mar. 17, 2025)


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What is Smartstop Self Storage REIT Piotroski F-Score?

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 4 indicating the company's financial situation is typical for a stable company.

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

STSFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 4

During the past 7 years, the highest Piotroski F-Score of Smartstop Self Storage REIT was 6. The lowest was 4. And the median was 5.


Smartstop Self Storage REIT Piotroski F-Score Historical Data

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.

* Premium members only.

Smartstop Self Storage REIT Piotroski F-Score Chart

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

Smartstop Self Storage REIT Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 6.00 5.00 6.00 4.00 4.00

Competitive Comparison of Smartstop Self Storage REIT's Piotroski F-Score

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's Piotroski F-Score Distribution in the 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.


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was -1.54 + -0.713 + -3.078 + -0.291 = $-5.6 Mil.
Cash Flow from Operations was 14.411 + 17.263 + 21.748 + 10.605 = $64.0 Mil.
Revenue was 57.042 + 59.163 + 60.157 + 60.644 = $237.0 Mil.
Gross Profit was 37.155 + 39.311 + 38.999 + 40.228 = $155.7 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1895.641 + 1886.397 + 1877.585 + 1937.206 + 2042.067) / 5 = $1927.7792 Mil.
Total Assets at the begining of this year (Dec23) was $1,895.6 Mil.
Long-Term Debt & Capital Lease Obligation was $1,317.4 Mil.
Total Current Assets was $29.3 Mil.
Total Current Liabilities was $47.7 Mil.
Net Income was 1.692 + 3.509 + 2.515 + 2.037 = $9.8 Mil.

Revenue was 57.135 + 59.59 + 58.705 + 57.562 = $233.0 Mil.
Gross Profit was 38.661 + 41.014 + 39.651 + 39.173 = $158.5 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1947.217 + 1939.827 + 1894.112 + 1891.25 + 1895.641) / 5 = $1913.6094 Mil.
Total Assets at the begining of last year (Dec22) was $1,947.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,087.4 Mil.
Total Current Assets was $53.4 Mil.
Total Current Liabilities was $38.6 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 -5.6. ==> Negative ==> Score 0.

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 64.0. ==> 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 (Dec23)
=-5.622/1895.641
=-0.00296575

ROA (Last Year)=Net Income/Total Assets (Dec22)
=9.753/1947.217
=0.00500869

Smartstop Self Storage REIT's return on assets of this year was -0.00296575. Smartstop Self Storage REIT's return on assets of last year was 0.00500869. ==> Last year is higher ==> Score 0.

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 -5.6. Smartstop Self Storage REIT's current Cash Flow from Operations (TTM) was 64.0. ==> 64.0 > -5.6 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1317.435/1927.7792
=0.68339517

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1087.401/1913.6094
=0.56824606

Smartstop Self Storage REIT's gearing of this year was 0.68339517. Smartstop Self Storage REIT's gearing of last year was 0.56824606. ==> Last year is lower than this year ==> Score 0.

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: Dec24)=Total Current Assets/Total Current Liabilities
=29.301/47.732
=0.61386491

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=53.427/38.55
=1.3859144

Smartstop Self Storage REIT's current ratio of this year was 0.61386491. Smartstop Self Storage REIT's current ratio of last year was 1.3859144. ==> Last year's current ratio is higher ==> Score 0.

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 96.148. Smartstop Self Storage REIT's number of shares in issue last year was 96.758. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=155.693/237.006
=0.65691586

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=158.499/232.992
=0.68027658

Smartstop Self Storage REIT's gross margin of this year was 0.65691586. Smartstop Self Storage REIT's gross margin of last year was 0.68027658. ==> 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 (Dec23)
=237.006/1895.641
=0.12502684

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=232.992/1947.217
=0.11965384

Smartstop Self Storage REIT's asset turnover of this year was 0.12502684. Smartstop Self Storage REIT's asset turnover of last year was 0.11965384. ==> 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
=0+1+0+1+0+0+1+0+1
=4

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

Smartstop Self Storage REIT has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Smartstop Self Storage REIT  (OTCPK:STSFF) 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

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Smartstop Self Storage REIT Business Description

Traded in Other Exchanges
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 generates key revenue, and 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.
Executives
Wayne Johnson officer: President and CIO 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael Mcclure officer: Chief Executive Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Paula M. Mathews director 10 TERRACE ROAD, LADERA RANCH CA 92694
Joseph H Robinson officer: Chief Operations Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Harold Perry director 10 TERRACE ROAD, LADERA RANCH CA 92694
James L. Berg officer: Former Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
Michael O Terjung officer: Chief Accounting Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
Gerald Valle officer: SVP, Self-Storage Operations 10 TERRACE ROAD, LADERA RANCH CA 92694
James R. Barry officer: CFO and Treasurer 10 TERRACE ROAD, LADERA RANCH CA 92694
Nicholas Look officer: General Counsel and Secretary 10 TERRACE ROAD, LADERA RANCH CA 92694
David J Mueller director 10 TERRACE ROAD, LADERA RANCH CA 92694
Matt F Lopez officer: Chief Financial Officer 10 TERRACE ROAD, LADERA RANCH CA 92694
William H Brownfield director 111 CORPORATE DRIVE, SUITE 120, LADERA RANCH CA 92694
Timothy S. Morris director 10 TERRACE ROAD, LADERA RANCH CA 92694
H. Michael Schwartz director, officer: Chairman, CEO and President 10 TERRACE ROAD, LADERA RANCH CA 92694

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