STSFF Income Statement - TTM - SmartStop Self Storage REIT, Inc.

Income Statement (TTM)

SmartStop Self Storage REIT, Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	115	118	123	139	153	163	178	184	194	206	215	222	224	224	224	223	225	228	236	243
Change (%)		2.73	4.10	12.58	10.65	6.57	8.71	3.80	5.33	6.25	4.19	3.35	0.81	0.16	-0.22	-0.17	0.50	1.34	3.62	3.23
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	42	42	39	41	42	47	50	51	55	57	60	63	64	64	65	66	68	70	73	80
Change (%)		1.63	-7.55	3.38	4.13	10.74	5.86	3.86	6.60	4.64	5.23	4.03	1.61	0.41	1.62	1.44	2.18	3.47	4.42	9.98
% of Revenue	36.32	35.93	31.91	29.30	27.58	28.66	27.90	27.92	28.25	27.83	28.10	28.29	28.51	28.58	29.11	29.58	30.07	30.71	30.95	32.97

Gross Operating Profit	73	76	84	98	111	117	128	133	139	149	155	159	160	160	159	157	157	158	163	163
Change (%)		3.36	10.63	16.90	13.34	4.98	9.86	3.78	4.84	6.89	3.78	3.08	0.49	0.07	-0.96	-0.83	-0.21	0.42	3.26	0.20
% of Revenue	63.68	64.07	68.09	70.70	72.42	71.34	72.10	72.08	71.75	72.17	71.90	71.71	71.49	71.42	70.89	70.42	69.93	69.29	69.05	67.03

SG&A	17	16	21	25	28	27	28	29	31	33	34	33	32	32	33	34	35	35	36	40
Change (%)		-2.32	29.05	18.64	9.60	-2.44	4.76	3.31	7.19	4.38	2.75	-1.68	-3.50	1.31	3.25	2.63	3.32	-0.45	1.54	10.94
% of Revenue	14.65	13.93	17.27	18.20	18.03	16.51	15.91	15.83	16.11	15.83	15.61	14.85	14.21	14.38	14.88	15.29	15.72	15.45	15.14	16.27

R&D
Change (%)
% of Revenue

OpEx	102	101	101	112	122	127	136	139	147	155	159	160	156	157	157	158	159	161	168	182
Change (%)		-1.01	-0.01	10.79	8.88	4.34	7.26	1.81	5.86	5.24	2.64	0.49	-1.91	0.07	0.35	0.26	0.93	1.33	4.14	8.75
% of Revenue	88.68	85.45	82.08	80.78	79.49	77.83	76.79	75.32	75.69	74.97	73.86	71.82	69.88	69.81	70.21	70.51	70.82	70.81	71.17	74.97

Operating Income	13	17	22	27	31	36	41	46	47	52	56	63	67	68	67	66	66	66	68	61
Change (%)		32.01	28.20	20.78	18.06	15.18	13.81	10.39	3.72	9.41	8.82	11.42	7.75	0.39	-1.54	-1.19	-0.53	1.36	2.35	-10.40
% of Revenue	11.32	14.55	17.92	19.22	20.51	22.17	23.21	24.68	24.31	25.03	26.14	28.18	30.12	30.19	29.79	29.49	29.18	29.19	28.83	25.03

Interest Expense	-38	-36	-36	-35	-34	-33	-32	-33	-36	-42	-49	-55	-59	-62	-64	-66	-69	-72	-78	-73
Change (%)		-3.93	-1.49	-2.26	-2.18	-1.68	-3.12	1.35	10.57	14.53	17.17	12.44	7.63	4.99	2.99	3.75	4.81	4.48	7.56	-6.77
% of Revenue	-32.61	-30.50	-28.86	-25.05	-22.15	-20.43	-18.21	-17.78	-18.66	-20.12	-22.63	-24.62	-26.28	-27.55	-28.44	-29.56	-30.82	-31.78	-32.99	-29.80

Net Income	-46	-44	-22	-17	-12	-17	-3	10	11	19	18	9	10	10	7	2	-3	-6	-9	-13
Change (%)		-4.68	-49.40	-23.93	-28.21	38.04	-81.01	-405.66	9.59	75.07	-6.23	-49.55	7.13	2.27	-33.14	-64.75	-243.28	70.64	60.72	43.06
% of Revenue	-40.39	-37.48	-18.22	-12.31	-7.99	-10.35	-1.81	5.32	5.54	9.12	8.21	4.01	4.26	4.35	2.91	1.03	-1.47	-2.47	-3.83	-5.31

Source: Capital IQ

SmartStop Self Storage REIT, Inc. - Income Statement (TTM)

Income Statement (TTM)