Summary
SmartRent: In Bargain Territory Once Again (Rating Downgrade)
SmartRent is rated 'buy' but no longer a 'strong buy' due to mixed turnaround progress and execution risks. Recent quarters show improved gross margins but declining bookings and rising OpEx, challenging the stabilization narrative. Valuation estimate is lowered to a 5x ARR multiple, implying a $1.50+ target per share, reflecting sector and company-specific risks.
SmartRent, Inc. (SMRT) Q1 2026 Earnings Call Transcript
SmartRent, Inc. (SMRT) Q1 2026 Earnings Call Transcript
SmartRent, Inc. (SMRT) Q4 2025 Earnings Call Transcript
SmartRent, Inc. (SMRT) Q4 2025 Earnings Call Transcript
Smartrent Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Northern Right Capital Northern Right Capital Management LP | 4.99M | $7.67M | $4.89M | -$2.78M | -36.22% |
 Point72 Asset Management LP Point72 Asset Management LP | 383,196 | $774,055.58 | $372,926.35 | -$401,129.23 | -51.82% |
| DH Dinan Hu R Squared Ltd | 78,481 | $108,568.83 | $77,335.18 | -$31,233.65 | -28.77% |
| RF Rekah Franca Catalyst Funds Management Pty Ltd. | 229,800 | $325,546.28 | $226,444.92 | -$99,101.36 | -30.44% |
 Andrew Miller OLIO Financial Planning | 15,536 | $31,382.72 | $14,981.36 | -$16,401.36 | -52.26% |
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Smartrent Inc. Profile
| Software Industry | Information Technology Sector | Frank D. Martell CEO | NYSE Exchange | 83193G107 CUSIP |
| US Country | 418 Employees | - Last Dividend | 26 May 1998 Last Split | 5 Feb 2021 IPO Date |
Overview
SmartRent, Inc. stands as a leading enterprise real estate technology firm, delivering comprehensive management software and applications tailored for an extensive clientele including rental property owners and operators, property managers, homebuilders, and developers, as well as direct to residents both within the United States and across the globe. Established in 2017 and headquartered in Scottsdale, Arizona, the company is at the forefront of providing innovative smart building hardware coupled with cloud-based software-as-a-service (SaaS) solutions. These offerings are meticulously designed to amplify visibility and management capabilities over real estate assets while concurrently providing an all-encompassing home control system for residents. SmartRent's commitment to leveraging technology aims at revolutionizing the traditional real estate sector by enhancing the efficiency, security, and comfort of property management practices and residential living.
Products and Services
- Smart Apartments and Homes: SmartRent's cornerstone offering includes integrated smart technology solutions designed for both apartments and standalone homes. These solutions are aimed at offering residents an elevated living experience through advanced home automation.
- Access Control: Providing secure and versatile access control systems for buildings, common areas, and individual rental units. This technology ensures both convenience and security for property managers and residents alike.
- Asset Protection and Monitoring: Designed to safeguard real estate investments, this service offers real-time monitoring and protective measures against potential damage or unauthorized access to properties, thereby mitigating risks associated with property management.
- Self-guided Tours: Facilitating a modern approach to property viewing, SmartRent's self-guided tour technology allows prospective residents to conveniently explore rental properties at their own pace, enhancing the property leasing experience.
- Parking Management: An intelligent solution to manage parking spaces efficiently within the property premises. This service is aimed at optimizing parking allocation and ensuring smooth operation for both residents and visitors.
- Community and Resident Wi-Fi: Acknowledging the importance of connectivity, SmartRent offers dedicated community and resident Wi-Fi services, ensuring high-speed internet access is readily available throughout the property for all residents.
In addition to these innovative products, SmartRent extends its professional services to customers, encompassing training, installation, and ongoing support services. These comprehensive offerings underscore SmartRent's dedication to delivering not just technology, but also exceptional service and support to its clients, thereby reinforcing its position as a trusted partner in real estate technology solutions.
