SmartStop Self Storage initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of SmartStop Self Storage (SMA) with an Outperform rating and $40 price target The company is an internally managed storage real estate investment trust with a presence in the U.S. and Canada, where it is a top 10 operator, the analyst tells investors in a research note. The firm says SmartStop has a high-quality portfolio with low leverage, positioned to grow via acquisitions, which should help drive improved margins and efficiencies.