Filing Flows › Comparisons › FCPT vs SMA
Four Corners Property Trust vs SmartStop Self Storage REIT: FCPT and SMA compared
Four Corners Property Trust is the larger company: $83.7M of revenue in its latest quarter (Q3 2026) against $81.8M for SmartStop Self Storage REIT (Q3 2026). SmartStop Self Storage REIT is growing faster (+16% against +13% a year earlier). Four Corners Property Trust is more profitable, with an operating margin of 35.1% against 24.4%.
Where the money goes: FCPT and SMA
Four Corners Property Trust (FCPT) · Q3 2026
Four Corners Property Trust, Q3 2026: revenue $83.7M (+13% year over year), operating margin 35.1%, net earnings $28.9M, operating cash flow $61.1M. The chart follows the revenue to costs, profit and cash.
SmartStop Self Storage REIT (SMA) · Q3 2026
SmartStop Self Storage REIT, Q3 2026: revenue $81.8M (+16% year over year), operating margin 24.4%, net earnings $9.0M, operating cash flow $34.9M. The chart follows the revenue to costs, profit and cash.
| Four Corners Property Trust (FCPT) | SmartStop Self Storage REIT (SMA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $83.7M | $81.8M |
| Revenue growth, Y/Y | +13% | +16% |
| Gross margin | — | 60.5% |
| Operating margin | 35.1% | 24.4% |
| Net earnings | $28.9M | $9.0M |
| Net margin | 34.5% | 11.0% |
| Operating cash flow | $61.1M | $34.9M |
| Market value | $2.4B | — |
| P/E | 19.9× | — |
| Analysts’ mean target | $26.11 | — |
Where the revenue comes from
SmartStop Self Storage REIT
- Self Storage Rental Revenue: $65.1M (80%)
- Reimbursable Costs From Managed Platform: $6.9M (8%)
- Managed Platform Revenue: $6.7M (8%)
- Ancillary Operating Revenue: $3.1M (4%)
Questions
Which is bigger, Four Corners Property Trust or SmartStop Self Storage REIT?
Four Corners Property Trust is the larger company: $83.7M of revenue in its latest quarter (Q3 2026) against $81.8M for SmartStop Self Storage REIT (Q3 2026).
Is Four Corners Property Trust or SmartStop Self Storage REIT growing faster?
SmartStop Self Storage REIT is growing faster (+16% against +13% a year earlier).
Which is more profitable, Four Corners Property Trust or SmartStop Self Storage REIT?
Four Corners Property Trust is more profitable, with an operating margin of 35.1% against 24.4%.
More: Four Corners Property Trust earnings · how Four Corners Property Trust makes money · SmartStop Self Storage REIT earnings · how SmartStop Self Storage REIT makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.