SMA // SmartStop Self Storage REIT Inc.

DES <GO> NYSE RQD COCKPIT → CIK 0001585389 ↗

Financials • Real Estate Investment Trusts

$35.76 ▲ +0.54 (+1.53%)

MKT CAP: $1.98B • VOL: 630.0K

52W L $29 52W H $37

ROARABLE / RQD

D+ • 53/100

PIOTROSKI

5 / 9

SMA // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

PRIOR: RQD 53/100 [D+] (+0 PT) • UNCHANGED AS OF 2026-11-01

ROARABLE D+

RQD CONFIDENCE

53 / 100 +0D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Sell — Weak Fundamentals / Trim

01 MASSIVE / SEC XBRL

Forensic Fundamentals

13 / 20

SOLID

FCF +32.7% vs NI +70.5% • ROIC-WACC -4.9% • Z 3.2

02 INSTITUTIONAL TAPE & TREND

Whale & Options Flow

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03 SEC XBRL CAPITAL ALLOCATION

Insider & Capital Conviction

11 / 20

NEUTRAL

FCF YIELD +4.3% • P/E N/A • F-SCORE 5/9

04 FRED 90D r-MATRIX

Macro Regime Fit

10 / 20

NEUTRAL

NEUTRAL • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

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ALERT

Why did SMA's Whale & Options Flow & Forensic 10-K Risk sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever SMA is Upgraded or Downgraded.

SMA // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +13.60%📐 HORIZONTAL RANGE

2026-10-30O $35.92H $36.75L $35.67C $35.76VOL 579.1K

RES: $38.64SUP: $29.84SMA50: $33.17SMA200: $32.59

SMA // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

NEUTRAL / PAIR TRADE CONVICTION: 51/100

BEAR 0

100 BULL

SmartStop Self Storage REIT Inc. (SMA) exhibits 45.0% gross margins and 4.1% return on invested capital within Financials (Real Estate Investment Trusts), balanced against a 32.6x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into 21.0% operating margin and 4.1% ROIC, outpacing sector cost of capital.

ROIC: 4.1% // GM: 45.0%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +18.6% paired with 4.29% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +18.6% // FCF YLD: 4.29%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 3.80 and Piotroski F-Score of 5/9 indicate low near-term refinancing stress.

ALTMAN Z: 3.80 // F-SCORE: 5/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 24.0x // EV/EBITDA: 32.6x

02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $35.76 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Real Estate Investment Trusts require continuous execution to defend -0.6% net margins.

NET MARGIN: -0.6% // D/E: 0.45x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs — forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E —

FORWARD P/E —

EV / EBITDA 32.6x

FCF YIELD 4.29%

GROSS MARGIN —

OPERATING MARGIN 21.0%

NET MARGIN -0.6%

ROIC % 4.1%

REV GROWTH YOY +18.6%

DILUTED EPS TTM —

DEBT / EQUITY —

DIVIDEND YIELD 3.78%

RSI-14 MOMENTUM 72.3

5Y EQUITY BETA —

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // SMAPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $32.72

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for SMA & activate live FRED threshold breach alerts.

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