SmartStop Self Storage REIT, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $45.4m $76.1m $78.5m $109.5m $124.0m $168.8m $212.6m $233.0m $237.0m $281.1m
Cost of Goods and Services Sold $16.0m $24.5m $25.2m $87.5m $41.1m $129.0m $118.5m $134.9m $137.8m $183.8m
Gross Profit (derived) $29.5m $51.6m $53.2m $22.0m $82.9m $39.8m $94.1m $98.1m $155.7m $172.5m
Operating expenses:
Operating Income (Loss) ($14.9m) $3.6m $16.2m $11.6m ($21.1m) $16.5m $65.9m $70.6m $69.2m $59.1m
Additional Financial Items
Income (Loss) from Equity Method Investments ($1.1m) ($1.7m)
Amortization of Intangible Assets $10.9m $13.5m $2.4m $11.5m $9.8m $12.4m $15.2m $6.6m $935k $10.0m
Foreign Currency Transaction Gain (Loss), Realized $200k ($3.4m) $2.7m
Gains (Losses) on Sales of Investment Real Estate $3.9m $0 $179k $0 $0 $284k
Goodwill, Impairment Loss $36.5m $0 $0
Income (Loss) from Continuing Operations before Income Taxes, Domestic $7.0m ($3.9m) $697k
Interest Income, Operating $3.2m $4.4m
Preferred Stock Dividends, Income Statement Impact $0 $0 $12.5m $12.5m $12.8m $3.6m
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic ($286k) $369k $451k $628k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $13k $122k $22k $2.0m $6.9m $2.7m $2.8m $9.1m ($4.4m) $164k
Net Income (Loss) Attributable to Parent $13k $122k $22k $2.0m $6.9m $2.7m ($2.8m) ($1.9m) $266k ($8.8m)
Net Income (Loss) Available to Common Stockholders, Basic ($26.1m) ($14.9m) ($3.7m) ($24.8m) ($54.4m) ($29.4m) $6.3m ($2.7m) ($18.4m) ($8.8m)
Net Income (Loss) Attributable to Noncontrolling Interest ($13k) ($122k) ($22k) ($2.0m) ($6.9m) ($2.7m) $2.8m $1.9m ($266k) ($190k)
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable $13k $122k $22k $2.0m $2.7m $2.8m $579k $507k $190k
Earnings Per Share, Basic $0.60 ($0.91) ($0.37) $0.07 ($0.03) ($0.20) ($0.20)
Earnings Per Share, Diluted ($1.30) ($0.54) ($0.12) ($0.84) ($1.82) ($0.74) $0.07 ($0.03) ($0.20) ($0.20)
Common Stock, Dividends, Per Share, Declared $0.60 ($0.91) ($0.37) $0.07 ($0.03) ($0.20) ($0.20)
Weighted Average Number of Shares Outstanding, Basic 59.6m 79.4m 91.9m 193.6m 193.1m 47.3m
Weighted Average Number of Shares Outstanding, Diluted 59.6m 79.4m 92.1m 193.6m 193.1m 47.3m
General and Administrative Expense $2.9m $3.5m $4.8m $10.5m $16.5m $23.3m $28.3m $27.5m $29.9m $38.2m
Other Nonoperating Income (Expense) ($286k) ($367k) ($701k) ($625k) $6.0m ($244k) ($849k) $3.1m ($1.3m) ($21k)
Business Combination, Acquisition Related Costs $13.7m $500k $1.1m $200k $1.4m $900k $888k $192k $413k $2.0m
Current Income Tax Expense (Benefit) $100k $200k $519k $705k $639k $855k
Interest Expense $7.4m $16.4m $18.0m $37.6m $32.6m $31.8m $41.5m $61.8m $72.3m $59.9m
Other Cost and Expense, Operating $86.5m $113.7m
Income Tax Expense (Benefit) $5.8m $1.8m ($555k) ($2.6m) $1.5m $1.9m