SmartStop Self Storage REIT, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $281.1M | $237.0M | $233.0M | $212.6M | $168.8M | $124.0M | $109.5M | $80.4M |
| Cost of Revenue | — | — | — | — | — | — | — | $25.2M |
| Gross Profit | $172.5M | $155.7M | $158.5M | $147.1M | — | — | — | $55.2M |
| Gross Margin | 61.3% | 65.7% | 68.0% | 69.2% | — | — | — | 68.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $38.2M | $29.9M | $27.5M | $28.3M | $23.3M | $16.5M | $10.5M | $4.8M |
| Operating Income | $59.1M | $69.2M | $70.6M | $65.9M | $16.5M | $-21.1M | $11.6M | $16.2M |
| Operating Margin | 21.0% | 29.2% | 30.3% | 31.0% | 9.8% | -17.0% | 10.6% | 20.1% |
| Interest Expense | $59.9M | $72.3M | $61.8M | $41.5M | $33.4M | $36.1M | $37.6M | $18.0M |
| Pretax Income | $164.0K | $-4.4M | $9.1M | $21.1M | $-21.4M | — | — | — |
| Income Tax Expense | $1.9M | $1.5M | $-2.6M | $-555.0K | $-1.8M | $-5.8M | — | — |
| Net Income | $-8.8M | $-18.4M | $-2.7M | $21.7M | $-19.6M | $-51.2M | $-25.1M | $-3.7M |
| Net Margin | -3.1% | -7.8% | -1.2% | 10.2% | -11.6% | -41.3% | -22.9% | -4.6% |
| EPS (Basic) | — | $-0.20 | $-0.03 | $0.07 | $-0.37 | $-0.91 | — | — |
| EPS (Diluted) | — | $-0.20 | $-0.03 | $0.07 | $-0.37 | $-0.91 | — | — |
| Shares Outstanding (Basic) | 55.4M | 0 | — | 91.9M | 79.4M | 59.6M | — | — |
| Shares Outstanding (Diluted) | 55.4M | 0 | — | 92.1M | 79.4M | 59.6M | — | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |