BMO Capital Starts SmartStop Self Storage (SMA) at Outperform

BMO Capital analyst Juan Sanabria initiates coverage on SmartStop Self Storage (NYSE: SMA) with a Outperform rating and a price target of $40.00.

The analyst comments: "SMA is a leading, internally managed storage REIT with a presence in the US and Canada, where it is a top 10 operator. SMA has a high-quality portfolio with low leverage, positioned to grow via acquisitions, which should help drive improved margins & efficiencies. SMA's unique non-traded managed REIT sleeve, represents a captive acquisition pipeline where the assets also screen as attractive. Given expected above-peer growth, we see valuation as attractive. Initiate at Outperform with a $40 target based on our NAV/DCF and earnings multiples."

For an analyst ratings summary and ratings history on SmartStop Self Storage click here. For more ratings news on SmartStop Self Storage click here.

Shares of SmartStop Self Storage closed at $33.45 yesterday.

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