How SmartStop Self Storage REIT makes money

Period

FY2025

How does SmartStop Self Storage REIT make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

SmartStop Self Storage REIT Inc. · FY2025 · year ended 2025-12-31

Revenue$281MNet loss$9M · 3%Cost of revenue$109M · 39%Gross profit$172M · 61%Operating expenses$113M · 40%SG&A$38M · 14%Other opex$75M · 27%Income tax$2M · 1%Other expense$66M · 23%Self Storage Rental Revenue$239M · 85%Managed Platform Revenue$19M · 7%Reimbursable Costs From Managed Platform$12M · 4%Ancillary Operating Revenue$11M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.