SKT vs SMA

Tanger Inc. vs SmartStop Self Storage REIT, In — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-01 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — SMA scores higher on quality with 6.8/10 vs SKT's 2.6/10. SKT trades at $35.45 while SMA trades at $30.71. Both analyzed daily using SEC EDGAR data across 13 institutional models.

SKT

Real Estate Investment Trusts
Tanger Inc.
Quality
2.6
out of 10
Value Trap
Price
$35.45
Last close
Models
11/13
Active
VS

SMA

Real Estate Investment Trusts
SmartStop Self Storage REIT, In
Quality
6.8
out of 10
Value Trap
12
SAFE
Price
$30.71
Last close
Models
12/13
Active
SKT
Markov DDM sees +100.0% upside
Quality 2.6/10 — below average
SMA
2 models active
Limited to 2/13 visible models

SKT vs SMA — Fair Value Comparison

SKT
$0$29$57$86 Price$35.45 Bayesian …$4.44 (-87.5%) Markov DDM$72.68 (+100.0%)
SMA
$0$12$24$36 Price$30.71 Bayesian …$13.06 (-57.5%) EROIC Spr…$9.01 (-70.6%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType SKT Fair ValueSKT Upside SMA Fair ValueSMA Upside
Bayesian DCF Intrinsic $4.44 -87.5% $13.06 -57.5%
EROIC Spread Intrinsic $3.33 -90.9% $9.01 -70.6%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $72.68 +100.0% $68.54 +123.2%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

SKT vs SMA — Which Stock Is More Undervalued in 2026?

SMA scores higher with a 6.8/10 quality rating vs SKT's 2.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do SKT and SMA Valuations Compare?

At $35.45, SKT trades +87.5% above its Bayesian DCF fair value of $4.44, while SMA at $30.71 trades +57.5% above its estimate of $13.06. SKT shows a wider gap between price and intrinsic value.

Quality of Company: SKT vs SMA

SKT earns a Quality of Company score of 2.6/10 compared to SMA's 6.8/10. This is a significant quality gap — the higher-scoring company demonstrates materially stronger fundamentals across profitability, growth consistency, and balance sheet health. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: SKT vs SMA

Review the value trap analysis for both SKT and SMA to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Real Estate Investment Trusts

Both SKT and SMA operate in Real Estate Investment Trusts, which has 186 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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