SmartStop Self Storage REIT, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-8.8M | $-18.4M | $-2.7M | $21.7M | $-19.6M | $-51.2M | $-25.1M | $-3.7M |
| Depreciation & Amortization | $73.2M | $56.1M | $60.2M | $64.6M | $53.4M | $42.1M | $41.1M | $22.8M |
| Depreciation | $63.2M | $55.2M | $53.6M | $49.4M | $40.9M | $32.3M | $29.6M | $20.4M |
| Amortization | $10.0M | $935.0K | $6.6M | $15.2M | $12.4M | $9.8M | $11.5M | $2.4M |
| Stock-Based Compensation | $16.6M | $5.3M | $5.3M | $4.0M | $2.9M | $1.7M | $404.5K | $75.3K |
| Net Cash from Operating Activities | $85.0M | $64.0M | $73.2M | $87.9M | $58.8M | $26.8M | $9.8M | $18.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $543.0K | $3.8M | $753.0K | — | — | $0 | $345.5M | $0 |
| Net Cash from Investing Activities | $-380.8M | $-180.9M | $262.0K | $-205.2M | $-120.2M | $-29.0M | $-347.8M | $-3.2M |
| Financing Activities | ||||||||
| Dividends Paid | $74.8M | $37.4M | $40.6M | $49.4M | $26.2M | $19.2M | $18.2M | $17.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $325.2M | $94.8M | $-66.1M | $120.1M | $25.7M | $13.7M | $392.2M | $-12.5M |
| Net Change in Cash | $30.1M | $-24.1M | $7.4M | $1.4M | $-36.0M | $12.1M | $54.6M | $2.1M |
| Free Cash Flow | — | — | — | — | — | — | — | — |