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Smartstop Self Storage REIT (Smartstop Self Storage REIT) Retained Earnings : $-510.6 Mil (As of Mar. 2024)


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What is Smartstop Self Storage REIT Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Smartstop Self Storage REIT's retained earnings for the quarter that ended in Mar. 2024 was $-510.6 Mil.

Smartstop Self Storage REIT's quarterly retained earnings declined from Sep. 2023 ($-475.7 Mil) to Dec. 2023 ($-491.5 Mil) and declined from Dec. 2023 ($-491.5 Mil) to Mar. 2024 ($-510.6 Mil).

Smartstop Self Storage REIT's annual retained earnings declined from Dec. 2021 ($-381.8 Mil) to Dec. 2022 ($-430.7 Mil) and declined from Dec. 2022 ($-430.7 Mil) to Dec. 2023 ($-491.5 Mil).


Smartstop Self Storage REIT Retained Earnings Historical Data

The historical data trend for Smartstop Self Storage REIT's Retained Earnings 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.

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Smartstop Self Storage REIT Retained Earnings Chart

Smartstop Self Storage REIT Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -215.73 -305.40 -381.81 -430.68 -491.46

Smartstop Self Storage REIT Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings 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 -446.33 -460.44 -475.72 -491.46 -510.55

Smartstop Self Storage REIT Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Smartstop Self Storage REIT  (OTCPK:STSFF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Smartstop Self Storage REIT (Smartstop Self Storage REIT) Business Description

Traded in Other Exchanges
N/A
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 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. The rental income was concentrated in Florida, California, and the Greater Toronto Area of Canada.
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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