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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

SmartStop Self Storage REIT, Inc. is the larger business by last-quarter revenue ($78.4M vs $77.4M, roughly 1.0× InvenTrust Properties Corp.). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs 3.4%, a 0.3% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs 8.6%). Over the past eight quarters, SmartStop Self Storage REIT, Inc.'s revenue compounded faster (17.3% CAGR vs 7.6%).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

IVT vs SMA — Head-to-Head

Bigger by revenue
SMA
SMA
1.0× larger
SMA
$78.4M
$77.4M
IVT
Growing faster (revenue YoY)
SMA
SMA
+20.7% gap
SMA
29.4%
8.6%
IVT
Higher net margin
SMA
SMA
0.3% more per $
SMA
3.8%
3.4%
IVT
Faster 2-yr revenue CAGR
SMA
SMA
Annualised
SMA
17.3%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVT
IVT
SMA
SMA
Revenue
$77.4M
$78.4M
Net Profit
$2.7M
$3.0M
Gross Margin
61.2%
Operating Margin
-11.0%
24.0%
Net Margin
3.4%
3.8%
Revenue YoY
8.6%
29.4%
Net Profit YoY
-72.8%
2080.0%
EPS (diluted)
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IVT
IVT
SMA
SMA
Q4 25
$77.4M
$78.4M
Q3 25
$74.5M
$70.4M
Q2 25
$73.6M
$66.8M
Q1 25
$73.8M
$65.4M
Q4 24
$71.2M
$60.6M
Q3 24
$68.5M
$60.2M
Q2 24
$67.4M
$59.2M
Q1 24
$66.8M
$57.0M
Net Profit
IVT
IVT
SMA
SMA
Q4 25
$2.7M
$3.0M
Q3 25
$6.0M
$5.2M
Q2 25
$95.9M
$-4.8M
Q1 25
$6.8M
$-5.5M
Q4 24
$9.8M
$-150.0K
Q3 24
$-539.0K
$-6.2M
Q2 24
$1.5M
$-705.0K
Q1 24
$2.9M
$-1.6M
Gross Margin
IVT
IVT
SMA
SMA
Q4 25
61.2%
Q3 25
60.9%
Q2 25
59.3%
Q1 25
64.1%
Q4 24
66.3%
Q3 24
64.8%
Q2 24
66.4%
Q1 24
65.1%
Operating Margin
IVT
IVT
SMA
SMA
Q4 25
-11.0%
24.0%
Q3 25
-9.8%
18.1%
Q2 25
15.4%
Q1 25
-10.5%
26.3%
Q4 24
-3.6%
29.4%
Q3 24
-18.7%
29.4%
Q2 24
-13.6%
29.9%
Q1 24
-13.1%
28.0%
Net Margin
IVT
IVT
SMA
SMA
Q4 25
3.4%
3.8%
Q3 25
8.1%
7.4%
Q2 25
130.4%
-7.2%
Q1 25
9.2%
-8.3%
Q4 24
13.8%
-0.2%
Q3 24
-0.8%
-10.3%
Q2 24
2.2%
-1.2%
Q1 24
4.3%
-2.9%
EPS (diluted)
IVT
IVT
SMA
SMA
Q4 25
$0.02
Q3 25
$0.08
$0.09
Q2 25
$1.23
$-0.16
Q1 25
$0.09
$-0.35
Q4 24
$0.14
Q3 24
$-0.01
$-0.26
Q2 24
$0.02
$-0.16
Q1 24
$0.04
$-0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IVT
IVT
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$54.2M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
$1.2B
Total Assets
$2.8B
$2.4B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
SMA
SMA
Q4 25
$54.2M
Q3 25
$47.8M
Q2 25
$37.7M
Q1 25
$35.2M
Q4 24
$23.1M
Q3 24
$36.7M
Q2 24
$34.7M
Q1 24
$39.2M
Total Debt
IVT
IVT
SMA
SMA
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
IVT
IVT
SMA
SMA
Q4 25
$1.8B
$1.2B
Q3 25
$1.8B
$1.2B
Q2 25
$1.8B
$1.2B
Q1 25
$1.7B
$303.0M
Q4 24
$1.8B
$325.7M
Q3 24
$1.8B
$343.9M
Q2 24
$1.5B
$365.8M
Q1 24
$1.5B
$384.8M
Total Assets
IVT
IVT
SMA
SMA
Q4 25
$2.8B
$2.4B
Q3 25
$2.7B
$2.4B
Q2 25
$2.7B
$2.3B
Q1 25
$2.6B
$2.1B
Q4 24
$2.6B
$2.0B
Q3 24
$2.6B
$1.9B
Q2 24
$2.5B
$1.9B
Q1 24
$2.5B
$1.9B
Debt / Equity
IVT
IVT
SMA
SMA
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IVT
IVT
SMA
SMA
Operating Cash FlowLast quarter
$155.4M
$85.0M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
28.61×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
SMA
SMA
Q4 25
$155.4M
$85.0M
Q3 25
$43.8M
$52.1M
Q2 25
$48.7M
$8.0M
Q1 25
$20.2M
$10.6M
Q4 24
$136.9M
$64.0M
Q3 24
$38.4M
$21.7M
Q2 24
$46.7M
$17.3M
Q1 24
$14.8M
$14.4M
Free Cash Flow
IVT
IVT
SMA
SMA
Q4 25
$110.9M
Q3 25
$31.4M
Q2 25
$38.0M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
IVT
IVT
SMA
SMA
Q4 25
143.3%
Q3 25
42.2%
Q2 25
51.6%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
IVT
IVT
SMA
SMA
Q4 25
57.5%
Q3 25
16.7%
Q2 25
14.6%
Q1 25
10.0%
Q4 24
50.7%
Q3 24
13.3%
Q2 24
14.0%
Q1 24
10.6%
Cash Conversion
IVT
IVT
SMA
SMA
Q4 25
58.41×
28.61×
Q3 25
7.27×
9.96×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IVT
IVT

Segment breakdown not available.

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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