Smartstop Self Storage REIT (Smartstop Self Storage REIT) Debt-to-Equity : 1.68 (As of Mar. 2024)

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What is Smartstop Self Storage REIT Debt-to-Equity?

Smartstop Self Storage REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Smartstop Self Storage REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,093.2 Mil. Smartstop Self Storage REIT's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $649.4 Mil. Smartstop Self Storage REIT's debt to equity for the quarter that ended in Mar. 2024 was 1.68.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Smartstop Self Storage REIT's Debt-to-Equity or its related term are showing as below:

STSFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.27 Med: 1.48 Max: 1.8
Current: 1.68

During the past 6 years, the highest Debt-to-Equity Ratio of Smartstop Self Storage REIT was 1.80. The lowest was 1.27. And the median was 1.48.

STSFF's Debt-to-Equity is ranked worse than
85.42% of 672 companies
in the REITs industry
Industry Median: 0.785 vs STSFF: 1.68

Smartstop Self Storage REIT Debt-to-Equity Historical Data

The historical data trend for Smartstop Self Storage REIT's Debt-to-Equity 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.

* Premium members only.

Smartstop Self Storage REIT Debt-to-Equity Chart

Smartstop Self Storage REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.54

1.64

1.43

1.44

1.62

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
Debt-to-Equity	Get a 7-Day Free Trial															1.50	1.48	1.54	1.62	1.68

Competitive Comparison of Smartstop Self Storage REIT's Debt-to-Equity

For the REIT - Industrial subindustry, Smartstop Self Storage REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Smartstop Self Storage REIT's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Smartstop Self Storage REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Smartstop Self Storage REIT's Debt-to-Equity falls into.

Smartstop Self Storage REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Smartstop Self Storage REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1087.401)	/	671.973
	=	1.62

Smartstop Self Storage REIT's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1093.201)	/	649.442
	=	1.68

Smartstop Self Storage REIT (OTCPK:STSFF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Smartstop Self Storage REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Smartstop Self Storage REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Smartstop Self Storage REIT Inc (OTCPK:STSFF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Terrace Road, Ladera Ranch, CA, USA, 92694

Website

https://www.strategicreit.com

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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